Shares of several semiconductors stocks are trading lower amid continued inflation and rate hike concerns. Reports suggesting the U.S. is looking to close the leeway that helped Chinese companies access American AI chips is also negatively impacting semiconductor stocks.
Portfolio Pulse from Benzinga Newsdesk
Semiconductor stocks are trading lower due to inflation and rate hike concerns. The U.S. is reportedly planning to close the loophole that allowed Chinese companies to access American AI chips, which is also negatively affecting these stocks.
October 13, 2023 | 5:58 pm
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NEGATIVE IMPACT
Applied Materials (AMAT) stock is trading lower due to inflation and rate hike concerns, and potential US restrictions on AI chip access for Chinese firms.
As a major player in the semiconductor industry, AMAT is directly affected by these macroeconomic factors and regulatory changes. The potential restriction on AI chip access for Chinese firms could impact AMAT's business with China.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Advanced Micro Devices (AMD) stock is trading lower due to inflation and rate hike concerns, and potential US restrictions on AI chip access for Chinese firms.
As a major player in the semiconductor industry, AMD is directly affected by these macroeconomic factors and regulatory changes. The potential restriction on AI chip access for Chinese firms could impact AMD's business with China.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
NVIDIA (NVDA) stock is trading lower due to inflation and rate hike concerns, and potential US restrictions on AI chip access for Chinese firms.
As a major player in the semiconductor industry, NVDA is directly affected by these macroeconomic factors and regulatory changes. The potential restriction on AI chip access for Chinese firms could impact NVDA's business with China.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100