Shares of several semiconductor companies are trading higher amid continued strength on positive demand outlook stemming from increased AI popularity. Anticipation of May CPI data on Tuesday and expectations that the Fed will skip a rate hike on Wednesday are also driving the sector.
Portfolio Pulse from Benzinga Newsdesk
Semiconductor stocks are trading higher due to increased AI popularity driving positive demand outlook, anticipation of May CPI data, and expectations that the Fed will not raise rates on Wednesday.
June 12, 2023 | 3:19 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
AVGO stock is trading higher due to increased AI popularity and positive demand outlook.
The increased popularity of AI is driving a positive demand outlook for semiconductor companies like AVGO, leading to higher stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
GFS stock is trading higher due to increased AI popularity and positive demand outlook.
The increased popularity of AI is driving a positive demand outlook for semiconductor companies like GFS, leading to higher stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
INTC stock is trading higher due to increased AI popularity and positive demand outlook.
The increased popularity of AI is driving a positive demand outlook for semiconductor companies like INTC, leading to higher stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
LSCC stock is trading higher due to increased AI popularity and positive demand outlook.
The increased popularity of AI is driving a positive demand outlook for semiconductor companies like LSCC, leading to higher stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
MPWR stock is trading higher due to increased AI popularity and positive demand outlook.
The increased popularity of AI is driving a positive demand outlook for semiconductor companies like MPWR, leading to higher stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
MRVL stock is trading higher due to increased AI popularity and positive demand outlook.
The increased popularity of AI is driving a positive demand outlook for semiconductor companies like MRVL, leading to higher stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
STM stock is trading higher due to increased AI popularity and positive demand outlook.
The increased popularity of AI is driving a positive demand outlook for semiconductor companies like STM, leading to higher stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100