Shares of semiconductor and chip companies 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
Shares of semiconductor and chip companies are trading higher following Qualcomm's better-than-expected Q4 financial results and Q1 adjusted EPS and sales guidance above estimates.
November 02, 2023 | 5:17 pm
News sentiment analysis
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POSITIVE IMPACT
Shares of Applied Materials are trading higher in sympathy with Qualcomm's positive financial results.
As a semiconductor company, Applied Materials' stock price is likely to be influenced by Qualcomm's positive financial results, leading to a rise in its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Shares of ARM are trading higher in sympathy with Qualcomm's positive financial results.
As a semiconductor company, ARM's stock price is likely to be influenced by Qualcomm's positive financial results, leading to a rise in its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Shares of Microchip Technology are trading higher in sympathy with Qualcomm's positive financial results.
As a semiconductor company, Microchip Technology's stock price is likely to be influenced by Qualcomm's positive financial results, leading to a rise in its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Shares of Marvell Technology are trading higher in sympathy with Qualcomm's positive financial results.
As a semiconductor company, Marvell Technology's stock price is likely to be influenced by Qualcomm's positive financial results, leading to a rise in its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Qualcomm's better-than-expected Q4 results and positive Q1 guidance have led to a rise in its stock price.
Qualcomm's strong Q4 results and positive Q1 guidance have exceeded market expectations, leading to increased investor confidence and a rise in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Shares of Texas Instruments are trading higher in sympathy with Qualcomm's positive financial results.
As a semiconductor company, Texas Instruments' stock price is likely to be influenced by Qualcomm's positive financial results, leading to a rise in its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60