Shares of semiconductor and chip stocks are trading higher in sympathy with AMD, which gained after reporting Q3 earnings.
Portfolio Pulse from Benzinga Newsdesk
Semiconductor and chip stocks are trading higher in sympathy with AMD, which reported positive Q3 earnings. Stocks mentioned include LRCX, MPWR, MU, NVDA, and ON.
November 01, 2023 | 7:47 pm
News sentiment analysis
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POSITIVE IMPACT
LRCX stock is trading higher in response to AMD's positive Q3 earnings.
LRCX, being a semiconductor stock, is likely to be influenced by the performance of industry leaders like AMD. The positive earnings report from AMD has created a favorable market sentiment for semiconductor stocks, including LRCX.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
MPWR stock is trading higher in response to AMD's positive Q3 earnings.
MPWR, being a semiconductor stock, is likely to be influenced by the performance of industry leaders like AMD. The positive earnings report from AMD has created a favorable market sentiment for semiconductor stocks, including MPWR.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
MU stock is trading higher in response to AMD's positive Q3 earnings.
MU, being a semiconductor stock, is likely to be influenced by the performance of industry leaders like AMD. The positive earnings report from AMD has created a favorable market sentiment for semiconductor stocks, including MU.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
NVDA stock is trading higher in response to AMD's positive Q3 earnings.
NVDA, being a semiconductor stock, is likely to be influenced by the performance of industry leaders like AMD. The positive earnings report from AMD has created a favorable market sentiment for semiconductor stocks, including NVDA.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
ON stock is trading higher in response to AMD's positive Q3 earnings.
ON, being a semiconductor stock, is likely to be influenced by the performance of industry leaders like AMD. The positive earnings report from AMD has created a favorable market sentiment for semiconductor stocks, including ON.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50