Shares of semiconductor and chip stocks are trading lower amid overall market weakness following July PPI data, which showed greater-than-expected inflation. Weakness may also be due to a pullback following this year's AI-driven surge.
Portfolio Pulse from Benzinga Newsdesk
Semiconductor and chip stocks are trading lower due to overall market weakness following July PPI data, which showed higher-than-expected inflation. The weakness may also be attributed to a pullback following this year's AI-driven surge.
August 11, 2023 | 2:57 pm
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NEGATIVE IMPACT
Applied Materials (AMAT) stock is trading lower due to overall market weakness and higher-than-expected inflation.
The stock is likely to be negatively impacted due to the overall market weakness and higher-than-expected inflation.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Advanced Micro Devices (AMD) stock is trading lower due to overall market weakness and higher-than-expected inflation.
The stock is likely to be negatively impacted due to the overall market weakness and higher-than-expected inflation.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Kopin Corporation (KOPN) stock is trading lower due to overall market weakness and higher-than-expected inflation.
The stock is likely to be negatively impacted due to the overall market weakness and higher-than-expected inflation.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Lam Research (LRCX) stock is trading lower due to overall market weakness and higher-than-expected inflation.
The stock is likely to be negatively impacted due to the overall market weakness and higher-than-expected inflation.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
NXP Semiconductors (NXPI) stock is trading lower due to overall market weakness and higher-than-expected inflation.
The stock is likely to be negatively impacted due to the overall market weakness and higher-than-expected inflation.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100