Shares of semiconductor stocks are trading lower as the sector pulls back following recent strength. Chip stocks have gained recently amid overall market strength and AI interest.
Portfolio Pulse from Benzinga Newsdesk
Semiconductor stocks are trading lower after a period of gains, attributed to overall market strength and interest in AI technologies. This pullback reflects a temporary cooling off in the sector.
February 20, 2024 | 4:43 pm
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NEGATIVE IMPACT
Applied Materials, Inc. sees a decrease in stock price as part of the broader semiconductor sector pullback.
AMAT, being a key player in the semiconductor equipment sector, is directly impacted by sector-wide trends and the current pullback.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Advanced Micro Devices experiences a decline in its stock price amid the semiconductor sector's recent pullback.
AMD, a major semiconductor company, is affected by the general downturn in the sector following a period of gains.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
ASML Holding experiences a downturn in stock price as part of the semiconductor sector's broader pullback.
ASML, as a leading supplier of photolithography equipment for the semiconductor industry, is impacted by the sector's overall performance.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Ichor Holdings sees its stock price decrease in line with the semiconductor sector's recent downturn.
Ichor Holdings, involved in the delivery of critical fluid delivery subsystems for semiconductor capital equipment, is affected by the sector's pullback.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Lam Research Corporation's stock price falls as part of the semiconductor sector's broader downturn.
Lam Research, a major player in the semiconductor equipment industry, is directly impacted by the sector's current downturn.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Monolithic Power Systems experiences a decline in stock price amid the semiconductor sector's pullback.
Monolithic Power Systems, known for its power solutions in the semiconductor industry, is affected by the broader sector trends.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Marvell Technology Group's stock price decreases as the semiconductor sector experiences a downturn.
Marvell Technology Group, a key semiconductor company, is impacted by the sector's recent downturn after a period of gains.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
NVIDIA Corporation sees a decrease in stock price as part of the semiconductor sector's pullback.
NVIDIA, a leading company in the AI and gaming semiconductor market, is directly impacted by the sector-wide pullback.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80