Shares of semiconductor and chip stocks are trading lower as the sector pulls back following recent strength, which has been driven by AI optimism.
Portfolio Pulse from Benzinga Newsdesk
Semiconductor and chip stocks are trading lower as the sector experiences a pullback after recent gains driven by AI optimism.
June 23, 2023 | 4:43 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Applied Materials (AMAT) stock is trading lower due to a pullback in the semiconductor sector following recent AI-driven gains.
As the semiconductor sector pulls back from recent gains driven by AI optimism, stocks like AMAT are likely to experience a short-term decline.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
ASML Holding (ASML) stock is trading lower due to a pullback in the semiconductor sector following recent AI-driven gains.
As the semiconductor sector pulls back from recent gains driven by AI optimism, stocks like ASML are likely to experience a short-term decline.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Marvell Technology (MRVL) stock is trading lower due to a pullback in the semiconductor sector following recent AI-driven gains.
As the semiconductor sector pulls back from recent gains driven by AI optimism, stocks like MRVL are likely to experience a short-term decline.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
STMicroelectronics (STM) stock is trading lower due to a pullback in the semiconductor sector following recent AI-driven gains.
As the semiconductor sector pulls back from recent gains driven by AI optimism, stocks like STM are likely to experience a short-term decline.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Texas Instruments (TXN) stock is trading lower due to a pullback in the semiconductor sector following recent AI-driven gains.
As the semiconductor sector pulls back from recent gains driven by AI optimism, stocks like TXN are likely to experience a short-term decline.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80