Shares of semiconductor and chip stocks are trading higher in sympathy with Qualcomm, which reported better-than-expected Q4 financial results and issued Q1 adjusted EPS and sales guidance above estimates.
Portfolio Pulse from Benzinga Newsdesk
Semiconductor and chip stocks are trading higher following Qualcomm's better-than-expected Q4 results and Q1 guidance. Stocks of ADI, ASML, FSLR, LRCX, ON, STM, SYNA, TSM are also mentioned.
November 02, 2023 | 4:38 pm
News sentiment analysis
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POSITIVE IMPACT
ADI's stock price is trading higher in sympathy with Qualcomm.
As a semiconductor company, ADI's stock price is influenced by industry trends. Qualcomm's strong performance is a positive signal for the industry, leading to a rise in ADI's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
ASML's stock price is trading higher in sympathy with Qualcomm.
As a semiconductor company, ASML's stock price is influenced by industry trends. Qualcomm's strong performance is a positive signal for the industry, leading to a rise in ASML's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
FSLR's stock price is trading higher in sympathy with Qualcomm.
As a semiconductor company, FSLR's stock price is influenced by industry trends. Qualcomm's strong performance is a positive signal for the industry, leading to a rise in FSLR's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
LRCX's stock price is trading higher in sympathy with Qualcomm.
As a semiconductor company, LRCX's stock price is influenced by industry trends. Qualcomm's strong performance is a positive signal for the industry, leading to a rise in LRCX's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
ON's stock price is trading higher in sympathy with Qualcomm.
As a semiconductor company, ON's stock price is influenced by industry trends. Qualcomm's strong performance is a positive signal for the industry, leading to a rise in ON's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Qualcomm's better-than-expected Q4 results and Q1 guidance have led to a rise in its stock price.
Qualcomm's strong financial performance is a positive signal to investors, leading to increased demand for its shares and a rise in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
STM's stock price is trading higher in sympathy with Qualcomm.
As a semiconductor company, STM's stock price is influenced by industry trends. Qualcomm's strong performance is a positive signal for the industry, leading to a rise in STM's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
SYNA's stock price is trading higher in sympathy with Qualcomm.
As a semiconductor company, SYNA's stock price is influenced by industry trends. Qualcomm's strong performance is a positive signal for the industry, leading to a rise in SYNA's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
TSM's stock price is trading higher in sympathy with Qualcomm.
As a semiconductor company, TSM's stock price is influenced by industry trends. Qualcomm's strong performance is a positive signal for the industry, leading to a rise in TSM's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60