Display making eMagin (NYSE: EMAN) is growing today by joining AMD (NASDAQ: AMD) and Intel (NASDAQ: INTC) that surge by as little as 0.33%. However, their slow growth indicates the overall wellbeing of the tech stocks.
These three stocks are closely correlated in price movement because consumer electronics always have the same demand slope when economists measure accurately.
If a consumer buys a PC rig with complete hardware inside additional goods are also essential like keyboard and monitor. By the way, monitors have chips as well. Nowadays there is no device that is backed by other than processor (CPU)
Occasionally, Ethereum (crypto) has a similar price correlation with chip makers like AMD and Intel, maybe, due to the demand from miners.
Finance and Tech Contributor