Shares of semiconductor and chip stocks are trading lower amid overall market weakness and amid a possible selloff following the recent AI surge.
Portfolio Pulse from Benzinga Newsdesk
Semiconductor and chip stocks, including AMD, AVGO, MRVL, and NVDA, are trading lower due to overall market weakness and a potential selloff following the recent AI surge.
August 09, 2023 | 3:45 pm
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NEGATIVE IMPACT
AMD's stock is trading lower due to overall market weakness and a potential selloff following the recent AI surge.
The overall market weakness and potential selloff following the recent AI surge are negatively impacting AMD's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
AVGO's stock is trading lower due to overall market weakness and a potential selloff following the recent AI surge.
The overall market weakness and potential selloff following the recent AI surge are negatively impacting AVGO's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
MRVL's stock is trading lower due to overall market weakness and a potential selloff following the recent AI surge.
The overall market weakness and potential selloff following the recent AI surge are negatively impacting MRVL's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
NVDA's stock is trading lower due to overall market weakness and a potential selloff following the recent AI surge.
The overall market weakness and potential selloff following the recent AI surge are negatively impacting NVDA's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100