
Shares of semiconductor companies, including Advanced Micro Devices, Inc. (NASDAQ:AMD), NVIDIA Corporation (NASDAQ:NVDA) and Applied Materials, Inc. (NASDAQ:AMAT), are trading lower amid overall market weakness during Wednesday’s trading session.
Investors continue to watch US economic data, Russia-Ukraine developments and Fed rate hike outlook. Worse-than-expected US GDP data and a rebound in oil prices have also weighed on market sentiment during Wednesday’s trading session.