Shares of semiconductor and chip stocks are trading lower amid a rise in Treasury yields. The sector might also be moving on continued weakness after gaining in 2023.
Portfolio Pulse from Benzinga Newsdesk
Semiconductor and chip stocks are trading lower due to an increase in Treasury yields and ongoing weakness after their gains earlier in 2023.
January 03, 2024 | 5:00 pm
News sentiment analysis
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NEGATIVE IMPACT
Ambarella Inc. shares are likely trading lower following the sector-wide downturn influenced by rising Treasury yields.
As part of the semiconductor sector, Ambarella Inc. is affected by the same macroeconomic factors causing the downturn, such as rising Treasury yields.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Advanced Micro Devices, Inc. is experiencing a decline in share price due to the broader semiconductor sector's reaction to higher Treasury yields.
AMD, being a major player in the chip industry, is likely to be impacted by sector-wide trends such as the current increase in Treasury yields.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
ASE Technology Holding Co., Ltd. shares are down, potentially due to the negative sentiment in the chip sector driven by rising Treasury yields.
ASE Technology, as part of the semiconductor industry, is susceptible to the broader market dynamics, including the current rise in Treasury yields.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Enphase Energy, Inc. stock is trading lower in line with the semiconductor sector's downturn due to increased Treasury yields.
Enphase Energy, Inc., while focused on energy solutions, is part of the semiconductor space and is affected by the same economic pressures currently impacting the sector.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Entegris, Inc. shares are down, reflecting the broader semiconductor industry's decline amid a rise in Treasury yields.
Entegris, Inc., as a supplier to the semiconductor industry, is likely to be negatively impacted by the increase in Treasury yields affecting the sector.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
First Solar, Inc. stock is trading lower, potentially due to the negative impact of rising Treasury yields on the semiconductor sector.
First Solar, Inc., although a solar panel manufacturer, is influenced by semiconductor market trends and is thus affected by the rise in Treasury yields.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Monolithic Power Systems, Inc. shares are trading lower in response to the semiconductor sector's negative trend driven by higher Treasury yields.
Monolithic Power Systems, Inc. is part of the semiconductor industry and is experiencing a downturn in share price due to the current economic environment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
ON Semiconductor Corporation shares are down, in line with the sector's performance, which is being negatively influenced by the rise in Treasury yields.
ON Semiconductor Corporation, as a semiconductor company, is affected by the broader market's reaction to economic indicators such as Treasury yields.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
STMicroelectronics N.V. stock is trading lower amid the general downturn in the semiconductor industry, exacerbated by rising Treasury yields.
STMicroelectronics N.V., being part of the global semiconductor market, is experiencing a decline in share price due to the increase in Treasury yields.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Skyworks Solutions, Inc. shares are trading lower, following the semiconductor sector's downward trend in response to the rise in Treasury yields.
Skyworks Solutions, Inc., as a key player in the semiconductor industry, is impacted by the negative sentiment caused by the rising Treasury yields.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Teradyne, Inc. stock is trading lower due to the broader semiconductor sector's negative reaction to the increase in Treasury yields.
Teradyne, Inc., as a provider of automation equipment for test and industrial applications, is affected by the semiconductor sector's downturn due to rising Treasury yields.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70