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 25, 2023 | 12:12 pm
News sentiment analysis
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POSITIVE IMPACT
AMAT's stock price may rise in sympathy with NVIDIA's strong Q1 results and higher guidance.
As a semiconductor company, AMAT's stock price may be positively impacted by NVIDIA's strong Q1 results and higher guidance, as it indicates a healthy industry outlook.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
AMD's stock price may rise in sympathy with NVIDIA's strong Q1 results and higher guidance.
As a semiconductor company, AMD's stock price may be positively impacted by NVIDIA's strong Q1 results and higher guidance, as it indicates a healthy industry outlook.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
ASML's stock price may rise in sympathy with NVIDIA's strong Q1 results and higher guidance.
As a semiconductor company, ASML's stock price may be positively impacted by NVIDIA's strong Q1 results and higher guidance, as it indicates a healthy industry outlook.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
AVGO's stock price may rise in sympathy with NVIDIA's strong Q1 results and higher guidance.
As a semiconductor company, AVGO's stock price may be positively impacted by NVIDIA's strong Q1 results and higher guidance, as it indicates a healthy industry outlook.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
LRCX's stock price may rise in sympathy with NVIDIA's strong Q1 results and higher guidance.
As a semiconductor company, LRCX's stock price may be positively impacted by NVIDIA's strong Q1 results and higher guidance, as it indicates a healthy industry outlook.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
MRVL's stock price may rise in sympathy with NVIDIA's strong Q1 results and higher guidance.
As a semiconductor company, MRVL's stock price may be positively impacted by NVIDIA's strong Q1 results and higher guidance, as it indicates a healthy industry outlook.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
MU's stock price may rise in sympathy with NVIDIA's strong Q1 results and higher guidance.
As a semiconductor company, MU's stock price may be positively impacted by NVIDIA's strong Q1 results and higher guidance, as it indicates a healthy industry outlook.
CONFIDENCE 75
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 90
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
TSM's stock price may rise in sympathy with NVIDIA's strong Q1 results and higher guidance.
As a semiconductor company, TSM's stock price may be positively impacted by NVIDIA's strong Q1 results and higher guidance, as it indicates a healthy industry outlook.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50