Shares of semiconductor and chip stocks are trading higher amid volatility following NVIDIA's earnings report earlier in the week.
Portfolio Pulse from Benzinga Newsdesk
Semiconductor and chip stocks are trading higher following NVIDIA's earnings report. The volatility in the market is affecting the stock prices of companies like ADI and ASX.
August 25, 2023 | 6:45 pm
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POSITIVE IMPACT
ADI's stock price is likely being positively affected by the overall rise in semiconductor and chip stocks following NVIDIA's earnings report.
As a semiconductor company, ADI's stock price is likely being positively influenced by the overall rise in semiconductor and chip stocks following NVIDIA's earnings report.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
ASX's stock price is likely being positively affected by the overall rise in semiconductor and chip stocks following NVIDIA's earnings report.
As a semiconductor company, ASX's stock price is likely being positively influenced by the overall rise in semiconductor and chip stocks following NVIDIA's earnings report.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
NVIDIA's positive earnings report has led to a rise in semiconductor and chip stocks, including its own.
NVIDIA's earnings report was positive, which has led to increased investor confidence in semiconductor and chip stocks. This has resulted in a rise in NVIDIA's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100