Shares of semiconductor and chip stocks are trading lower in possible sympathy with Texas Instruments, which reported worse-than-expected Q3 sales results and issued Q4 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Semiconductor and chip stocks are trading lower possibly due to Texas Instruments' worse-than-expected Q3 sales results and lower Q4 revenue guidance. This may affect other companies in the sector.
October 25, 2023 | 5:02 pm
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NEGATIVE IMPACT
Analog Devices may be negatively impacted by the poor performance of Texas Instruments, as it operates in the same sector.
As Analog Devices operates in the same sector as Texas Instruments, the latter's poor performance may negatively impact the former's stock price due to sector-wide sentiment.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
AMD's stock may be negatively impacted by Texas Instruments' poor Q3 results, as it operates in the same sector.
As AMD operates in the same sector as Texas Instruments, the latter's poor performance may negatively impact the former's stock price due to sector-wide sentiment.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
Texas Instruments reported worse-than-expected Q3 sales and issued lower Q4 revenue guidance, which may negatively impact its stock price.
Texas Instruments' worse-than-expected Q3 results and lower Q4 guidance are likely to negatively impact investor sentiment and thus its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100