Shares of semiconductor and chip stocks are trading lower amid a selloff in tech on rate hike fears following US jobs data. Some stocks in the sector are also under pressure amid China's planned iPhone crackdown and Huawei's announcement of a new smartphone powered by a 5G Kirin 9000s chip.
Portfolio Pulse from Benzinga Newsdesk
Semiconductor and chip stocks are trading lower due to a tech selloff triggered by rate hike fears following US jobs data. The sector is also affected by China's planned iPhone crackdown and Huawei's announcement of a new smartphone with a 5G Kirin 9000s chip.
September 07, 2023 | 3:34 pm
News sentiment analysis
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NEGATIVE IMPACT
ACLS stock is trading lower due to the tech selloff and regulatory pressures in China.
ACLS, being a semiconductor company, is directly affected by the overall tech selloff and regulatory pressures in China. This could lead to a short-term decrease in its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
AMD stock is trading lower due to the tech selloff and regulatory pressures in China.
AMD, being a semiconductor company, is directly affected by the overall tech selloff and regulatory pressures in China. This could lead to a short-term decrease in its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
NVDA stock is trading lower due to the tech selloff and regulatory pressures in China.
NVDA, being a semiconductor company, is directly affected by the overall tech selloff and regulatory pressures in China. This could lead to a short-term decrease in its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75