Shares of semiconductor stocks are trading lower in the run up to NVIDIA's quarterly results. Tower Semiconductor and Intel shares fell after the companies terminated their merger agreement due to the inability to gain Chinese regulatory approval.
Portfolio Pulse from Benzinga Newsdesk
Semiconductor stocks are trading lower ahead of NVIDIA's quarterly results. Tower Semiconductor and Intel shares fell after their merger agreement was terminated due to lack of Chinese regulatory approval.
August 16, 2023 | 4:36 pm
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NEGATIVE IMPACT
Intel shares fell after the termination of their merger agreement with Tower Semiconductor due to lack of Chinese regulatory approval.
The termination of the merger agreement with Tower Semiconductor due to lack of Chinese regulatory approval has negatively impacted Intel's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
NVIDIA's upcoming quarterly results are causing a dip in semiconductor stocks.
The anticipation of NVIDIA's quarterly results is causing a downward trend in semiconductor stocks. This suggests that investors may be cautious about the results.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
Tower Semiconductor shares fell after the termination of their merger agreement with Intel due to lack of Chinese regulatory approval.
The termination of the merger agreement with Intel due to lack of Chinese regulatory approval has negatively impacted Tower Semiconductor's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100