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 momentum.
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 momentum.
August 11, 2023 | 6:12 pm
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NEGATIVE IMPACT
ENTG's stock is trading lower due to overall market weakness and higher-than-expected inflation.
ENTG, being a semiconductor company, is directly affected by the overall market weakness and inflation data. This could lead to a short-term decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
KLAC's stock is trading lower due to overall market weakness and higher-than-expected inflation.
KLAC, being a semiconductor company, is directly affected by the overall market weakness and inflation data. This could lead to a short-term decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
MRVL's stock is trading lower due to overall market weakness and higher-than-expected inflation.
MRVL, being a semiconductor company, is directly affected by the overall market weakness and inflation data. This could lead to a short-term decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
ON's stock is trading lower due to overall market weakness and higher-than-expected inflation.
ON, being a semiconductor company, is directly affected by the overall market weakness and inflation data. This could lead to a short-term decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
TER's stock is trading lower due to overall market weakness and higher-than-expected inflation.
TER, being a semiconductor company, is directly affected by the overall market weakness and inflation data. This could lead to a short-term decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
TSM's stock is trading lower due to overall market weakness and higher-than-expected inflation.
TSM, being a semiconductor company, is directly affected by the overall market weakness and inflation data. This could lead to a short-term decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100