Shares of Intel (NASDAQ: INTC) and Nvidia (NASDAQ: NVDA) have slipped in 2022 thanks to the broader stock market weakness caused by factors including a potential hike in interest rates by the Federal Reserve, surging inflation, and the ongoing crisis in Europe.
Chipmaker Nvidia has been the bigger loser of the two, with the stock down close to 18% this year. This is despite positive results in February, driven by strong demand for its graphics cards which have many uses including by personal computers, data centers, and workstations.
Meanwhile, Intel stock has been more resilient, losing 7% of its value compared to the NASDAQ-100 Technology Sector index's decline of 14% in 2022. The semiconductor giant, whose processors are used in computers, data centers, and even cars, held its ground amid mixed earnings results at the end of January.
Source Fool.com