Shares of semiconductor stocks are trading lower. The sector may be pulling back after gaining recently on AI momentum.
Portfolio Pulse from Benzinga Newsdesk
Semiconductor stocks are trading lower, potentially due to a pullback after recent gains driven by AI momentum.
March 11, 2024 | 3:17 pm
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NEGATIVE IMPACT
Applied Materials, Inc. shares are trading lower, likely due to sector-wide pullback after recent AI-driven gains.
AMAT, being a major player in the semiconductor sector, is likely affected by the overall sector trends, including pullbacks after significant gains.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Advanced Micro Devices shares are trading lower, possibly due to a broader semiconductor sector pullback after AI-related gains.
AMD's performance is closely tied to the semiconductor industry's trends, making it susceptible to pullbacks after periods of significant gains.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
ASML Holding shares are down, reflecting a potential sector-wide pullback after recent gains fueled by AI.
ASML, as a key equipment supplier to the semiconductor industry, is impacted by the overall sector's movements, including pullbacks.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
KLA Corporation shares are trading lower in line with a broader semiconductor sector pullback after AI-driven gains.
KLAC's performance is influenced by the semiconductor sector's overall health, making it vulnerable to pullbacks after rapid gains.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Lam Research shares are trading lower, likely due to a pullback in the semiconductor sector after recent AI-related gains.
LRCX, being integral to the semiconductor manufacturing process, is affected by sector-wide trends, including pullbacks.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Marvell Technology shares are down, possibly due to the semiconductor sector's pullback after recent AI momentum.
MRVL's stock performance is closely linked to the semiconductor industry's overall trends, including pullbacks after gains.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Micron Technology shares are trading lower, in line with a broader pullback in the semiconductor sector after AI-driven gains.
MU, as a major semiconductor company, is impacted by the overall sector trends, including pullbacks after periods of significant gains.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80