TSMC, ASML And Other Chip Stocks Slide As Market Anticipates Nvidia's Earnings Report Impact
Portfolio Pulse from Benzinga Neuro
Ahead of NVIDIA's Q4 earnings report, shares of TSMC and ASML have declined, with TSMC dropping nearly 1% and ASML by 2.09%. Other semiconductor stocks like UMC and MediaTek also saw decreases. The market is closely watching NVIDIA, whose stock has risen over 200% in the past year due to the AI boom. Analysts warn that disappointing earnings from NVIDIA could lead to a significant sell-off, while others see it as a buying opportunity.
February 21, 2024 | 9:15 am
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NEGATIVE IMPACT
ASML's shares dropped 2.09% on NASDAQ, influenced by the market's expectations for NVIDIA's earnings report.
ASML's stock decline reflects market concerns over NVIDIA's upcoming earnings, highlighting its dependency on NVIDIA's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
MediaTek's shares slightly fell by 0.10%, showing minimal impact from the market's anticipation of NVIDIA's earnings.
MediaTek's minor stock movement suggests a less direct impact from NVIDIA's earnings anticipation compared to other semiconductor stocks.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 40
NEGATIVE IMPACT
TSMC shares fell nearly 1% ahead of NVIDIA's earnings, reflecting market sensitivity to NVIDIA's performance.
TSMC's stock decline is directly linked to the anticipation of NVIDIA's earnings report, indicating a high sensitivity to NVIDIA's performance outcomes.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
UMC's stock declined by 1.52%, potentially impacted by the broader semiconductor market's anticipation of NVIDIA's earnings.
UMC's stock movement is part of a broader trend in the semiconductor industry, likely influenced by expectations for NVIDIA's earnings report.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
NVIDIA's upcoming Q4 earnings report is highly anticipated, with its stock having soared over 200% due to the AI boom. Analysts warn of potential sell-off if earnings disappoint.
NVIDIA's performance is crucial for the semiconductor industry, with its earnings potentially affecting the stock prices of related companies.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100