Shares of semiconductor stock are trading lower as the sector pulls back from recent strength following a larger-than-expected rise in Feb, PPI.
Portfolio Pulse from Benzinga Newsdesk
Semiconductor stocks, including AMD, AMKR, LSCC, MPWR, MU, ON, and QRVO, are trading lower due to a sector pullback after a larger-than-expected rise in February's Producer Price Index (PPI).
March 14, 2024 | 7:38 pm
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NEGATIVE IMPACT
AMD's stock is trading lower following a sector-wide pullback triggered by a larger-than-expected rise in February's PPI.
AMD, being a significant player in the semiconductor industry, is directly impacted by sector-wide trends such as economic indicators like the PPI.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
AMKR's stock is trading lower due to a pullback in the semiconductor sector, influenced by a larger-than-expected rise in February's PPI.
AMKR, as part of the semiconductor sector, is affected by macroeconomic indicators like the PPI, leading to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
LSCC's stock is trading lower following a sector-wide pullback in semiconductors after an unexpected rise in February's PPI.
LSCC is impacted by the overall health of the semiconductor sector, which is currently reacting to negative economic news, leading to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
MPWR's stock is trading lower as the semiconductor sector reacts to a larger-than-expected rise in February's PPI.
MPWR, being part of the semiconductor industry, is negatively affected by macroeconomic indicators such as the PPI, leading to a decline in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
MU's stock is trading lower due to a pullback in the semiconductor sector, influenced by a larger-than-expected rise in February's PPI.
MU is affected by the overall trends in the semiconductor sector, which is currently experiencing a downturn due to negative economic indicators.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
ON's stock is trading lower following a sector-wide pullback in semiconductors after an unexpected rise in February's PPI.
ON, as a participant in the semiconductor industry, is directly impacted by sector-wide economic trends such as the PPI, leading to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
QRVO's stock is trading lower as the semiconductor sector reacts to a larger-than-expected rise in February's PPI.
QRVO, being part of the semiconductor sector, is negatively affected by macroeconomic indicators like the PPI, leading to a decline in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80