Semiconductor ETF Jumps on Weak Nvidia Revenue Guidance
January 28, 2019 at 12:38 PM EST
It could be a bleak outlook for semiconductors as chipmaker Nvidia is forecasting a weaker revenue guidance, which could benefit the Direxion Daily Semiconductor Bear 3X ETF (NYSEArca: SOXS). Nvidia fell over 14 percent on Monday after it cut its fourth quarter revenue guidance to $2.2 billion from...
