Shares of semiconductor stocks are trading lower as the sector pulls back after Broadcom and Marvell dipped following their quarterly earnings reports. Additionally, some names in the sector may be volatile in anticipation of CHIPS act subsidies.
Portfolio Pulse from Benzinga Newsdesk
Semiconductor stocks are trading lower after Broadcom and Marvell reported their quarterly earnings, leading to a sector-wide pullback. The sector may also experience volatility due to anticipation of CHIPS act subsidies.
March 08, 2024 | 8:08 pm
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NEGATIVE IMPACT
Broadcom's stock is trading lower following its quarterly earnings report, contributing to a sector-wide pullback.
Broadcom's earnings report is a direct cause of its stock trading lower, which has a significant impact on the semiconductor sector's overall performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Marvell's stock is trading lower after its quarterly earnings report, contributing to the semiconductor sector's pullback.
Marvell's earnings report is a direct cause of its stock trading lower, which has a significant impact on the semiconductor sector's overall performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90