Skyworks shares are trading lower amid volatility in semiconductor stocks ahead of NVIDIA's upcoming earnings report.
Portfolio Pulse from Benzinga Newsdesk
Skyworks shares are trading lower due to volatility in the semiconductor sector ahead of NVIDIA's upcoming earnings report.
August 22, 2023 | 5:08 pm
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NEGATIVE IMPACT
Skyworks shares are trading lower due to volatility in the semiconductor sector.
Skyworks is directly impacted by the volatility in the semiconductor sector. The upcoming earnings report from NVIDIA, a major player in the sector, is causing uncertainty and affecting the stock price of Skyworks.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
NVIDIA's upcoming earnings report is causing volatility in the semiconductor sector.
NVIDIA's upcoming earnings report is causing uncertainty in the semiconductor sector. While this news directly impacts NVIDIA, the effect on its stock price is uncertain until the earnings report is released.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75