Shares of semiconductor stocks are trading higher in sympathy with NVIDIA, which reported strong Q1 results and issued guidance above estimates.
Portfolio Pulse from Benzinga Newsdesk
Semiconductor stocks are trading higher following NVIDIA's strong Q1 results and guidance above estimates.
May 24, 2023 | 8:38 pm
News sentiment analysis
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POSITIVE IMPACT
AMAT's stock price may benefit from NVIDIA's strong Q1 results and higher guidance, as semiconductor stocks trade higher.
As a semiconductor stock, AMAT is likely to trade higher in sympathy with NVIDIA's strong Q1 results and higher guidance, positively impacting its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
AMD's stock price may benefit from NVIDIA's strong Q1 results and higher guidance, as semiconductor stocks trade higher.
As a semiconductor stock, AMD is likely to trade higher in sympathy with NVIDIA's strong Q1 results and higher guidance, positively impacting its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
ASML's stock price may benefit from NVIDIA's strong Q1 results and higher guidance, as semiconductor stocks trade higher.
As a semiconductor stock, ASML is likely to trade higher in sympathy with NVIDIA's strong Q1 results and higher guidance, positively impacting its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
AVGO's stock price may benefit from NVIDIA's strong Q1 results and higher guidance, as semiconductor stocks trade higher.
As a semiconductor stock, AVGO is likely to trade higher in sympathy with NVIDIA's strong Q1 results and higher guidance, positively impacting its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
LRCX's stock price may benefit from NVIDIA's strong Q1 results and higher guidance, as semiconductor stocks trade higher.
As a semiconductor stock, LRCX is likely to trade higher in sympathy with NVIDIA's strong Q1 results and higher guidance, positively impacting its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
MRVL's stock price may benefit from NVIDIA's strong Q1 results and higher guidance, as semiconductor stocks trade higher.
As a semiconductor stock, MRVL is likely to trade higher in sympathy with NVIDIA's strong Q1 results and higher guidance, positively impacting its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
MU's stock price may benefit from NVIDIA's strong Q1 results and higher guidance, as semiconductor stocks trade higher.
As a semiconductor stock, MU is likely to trade higher in sympathy with NVIDIA's strong Q1 results and higher guidance, positively impacting its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
NVIDIA reported strong Q1 results and issued guidance above estimates, driving semiconductor stocks higher.
NVIDIA's strong Q1 results and higher guidance indicate a positive outlook for the company, which is likely to drive its stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
ON's stock price may benefit from NVIDIA's strong Q1 results and higher guidance, as semiconductor stocks trade higher.
As a semiconductor stock, ON is likely to trade higher in sympathy with NVIDIA's strong Q1 results and higher guidance, positively impacting its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
TSM's stock price may benefit from NVIDIA's strong Q1 results and higher guidance, as semiconductor stocks trade higher.
As a semiconductor stock, TSM is likely to trade higher in sympathy with NVIDIA's strong Q1 results and higher guidance, positively impacting its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50