Shares of semiconductor and chip stocks are trading lower as stocks sell off amid rising Treasury yields. Additionally, KeyBanc said its quarterly supply chain findings for the sector were mixed, which could be impacting some stocks in the space.
Portfolio Pulse from Benzinga Newsdesk
Semiconductor and chip stocks are trading lower due to rising Treasury yields and mixed quarterly supply chain findings from KeyBanc. Stocks of AMD, GFS, MRVL, NVDA, and ON may be impacted.
October 03, 2023 | 5:29 pm
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NEGATIVE IMPACT
AMD's stock is trading lower due to rising Treasury yields and mixed supply chain findings.
AMD, being a semiconductor company, is directly impacted by the mixed supply chain findings and the rising Treasury yields which are causing a sell-off in the sector.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
GFS's stock is trading lower due to rising Treasury yields and mixed supply chain findings.
GFS, being a semiconductor company, is directly impacted by the mixed supply chain findings and the rising Treasury yields which are causing a sell-off in the sector.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
MRVL's stock is trading lower due to rising Treasury yields and mixed supply chain findings.
MRVL, being a semiconductor company, is directly impacted by the mixed supply chain findings and the rising Treasury yields which are causing a sell-off in the sector.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
NVDA's stock is trading lower due to rising Treasury yields and mixed supply chain findings.
NVDA, being a semiconductor company, is directly impacted by the mixed supply chain findings and the rising Treasury yields which are causing a sell-off in the sector.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
ON's stock is trading lower due to rising Treasury yields and mixed supply chain findings.
ON, being a semiconductor company, is directly impacted by the mixed supply chain findings and the rising Treasury yields which are causing a sell-off in the sector.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80