Shares of semiconductor and chip stocks are trading higher. Recent catalysts include overall tech strength, Micron earnings, an analyst upgrade of NVIDIA and continued AI interest.
Portfolio Pulse from Benzinga Newsdesk
Semiconductor and chip stocks are trading higher due to overall tech strength, Micron's earnings, an analyst upgrade of NVIDIA, and continued interest in AI. Stocks mentioned include ADI, AMD, LSCC, MCHP, and NXPI.
June 30, 2023 | 6:29 pm
News sentiment analysis
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POSITIVE IMPACT
ADI's stock is trading higher, likely influenced by the overall strength in the tech sector and continued interest in AI.
The overall strength in the tech sector and continued interest in AI are likely contributing to the rise in ADI's stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
AMD's stock is trading higher, likely influenced by the overall strength in the tech sector and continued interest in AI.
The overall strength in the tech sector and continued interest in AI are likely contributing to the rise in AMD's stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
LSCC's stock is trading higher, likely influenced by the overall strength in the tech sector and continued interest in AI.
The overall strength in the tech sector and continued interest in AI are likely contributing to the rise in LSCC's stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
MCHP's stock is trading higher, likely influenced by the overall strength in the tech sector and continued interest in AI.
The overall strength in the tech sector and continued interest in AI are likely contributing to the rise in MCHP's stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
NXPI's stock is trading higher, likely influenced by the overall strength in the tech sector and continued interest in AI.
The overall strength in the tech sector and continued interest in AI are likely contributing to the rise in NXPI's stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50