Shares of semiconductor and chip stocks are trading lower on continued weakness after the Biden administration said it plans to halt advanced AI chip shipments to China. Additionally, weakness in ASML following its quarterly earnings report may be dragging down some names in the sector.
Portfolio Pulse from Benzinga Newsdesk
Semiconductor and chip stocks are trading lower due to the Biden administration's plan to halt advanced AI chip shipments to China and weak quarterly earnings report from ASML. Stocks mentioned include AMAT, AMD, KLAC, LRCX, NVDA, NXPI, ON.
October 18, 2023 | 2:00 pm
News sentiment analysis
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NEGATIVE IMPACT
Applied Materials (AMAT) stock is trading lower due to the halt of AI chip shipments to China and weak ASML earnings.
As a major player in the semiconductor industry, AMAT is likely to be negatively impacted by the halt of AI chip shipments to China, a significant market. Additionally, weak earnings from ASML, a peer company, could also negatively affect investor sentiment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Advanced Micro Devices (AMD) stock is trading lower due to the halt of AI chip shipments to China and weak ASML earnings.
AMD, being a significant player in the semiconductor industry, is likely to be negatively impacted by the halt of AI chip shipments to China, a major market. Additionally, weak earnings from ASML, a peer company, could also negatively affect investor sentiment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
KLA Corporation (KLAC) stock is trading lower due to the halt of AI chip shipments to China and weak ASML earnings.
KLAC, as a significant player in the semiconductor industry, is likely to be negatively impacted by the halt of AI chip shipments to China, a major market. Additionally, weak earnings from ASML, a peer company, could also negatively affect investor sentiment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Lam Research Corporation (LRCX) stock is trading lower due to the halt of AI chip shipments to China and weak ASML earnings.
LRCX, being a significant player in the semiconductor industry, is likely to be negatively impacted by the halt of AI chip shipments to China, a major market. Additionally, weak earnings from ASML, a peer company, could also negatively affect investor sentiment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
NVIDIA Corporation (NVDA) stock is trading lower due to the halt of AI chip shipments to China and weak ASML earnings.
NVDA, as a significant player in the semiconductor industry, is likely to be negatively impacted by the halt of AI chip shipments to China, a major market. Additionally, weak earnings from ASML, a peer company, could also negatively affect investor sentiment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
NXP Semiconductors (NXPI) stock is trading lower due to the halt of AI chip shipments to China and weak ASML earnings.
NXPI, being a significant player in the semiconductor industry, is likely to be negatively impacted by the halt of AI chip shipments to China, a major market. Additionally, weak earnings from ASML, a peer company, could also negatively affect investor sentiment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
ON Semiconductor (ON) stock is trading lower due to the halt of AI chip shipments to China and weak ASML earnings.
ON, as a significant player in the semiconductor industry, is likely to be negatively impacted by the halt of AI chip shipments to China, a major market. Additionally, weak earnings from ASML, a peer company, could also negatively affect investor sentiment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80