Shares of semiconductor stocks are trading lower amid overall market weakness after Moody's downgraded the credit rating of multiple banks. This has weighed on risk sentiment and pressured tech and growth stocks.
Portfolio Pulse from Benzinga Newsdesk
Semiconductor stocks are trading lower due to overall market weakness following Moody's downgrade of multiple banks' credit ratings. This has negatively impacted risk sentiment and put pressure on tech and growth stocks.
August 08, 2023 | 3:22 pm
News sentiment analysis
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NEGATIVE IMPACT
Analog Devices (ADI) stock is trading lower due to overall market weakness and Moody's downgrade of multiple banks.
The downgrade of multiple banks by Moody's has led to a negative sentiment in the market, affecting tech and growth stocks including ADI.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
Applied Materials (AMAT) stock is trading lower due to overall market weakness and Moody's downgrade of multiple banks.
The downgrade of multiple banks by Moody's has led to a negative sentiment in the market, affecting tech and growth stocks including AMAT.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
Advanced Micro Devices (AMD) stock is trading lower due to overall market weakness and Moody's downgrade of multiple banks.
The downgrade of multiple banks by Moody's has led to a negative sentiment in the market, affecting tech and growth stocks including AMD.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
Amkor Technology (AMKR) stock is trading lower due to overall market weakness and Moody's downgrade of multiple banks.
The downgrade of multiple banks by Moody's has led to a negative sentiment in the market, affecting tech and growth stocks including AMKR.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 75