Shares of semiconductor stocks are trading lower amid weakness in tech as Treasury yields rise.
Portfolio Pulse from Benzinga Newsdesk
Semiconductor stocks, including AMD, ASML, AVGO, KLAC, LSCC, NVDA, and ON, are trading lower due to a decline in tech sector strength as Treasury yields increase.
April 02, 2024 | 2:25 pm
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NEGATIVE IMPACT
AMD shares are trading lower amid a broader tech sector decline influenced by rising Treasury yields.
AMD, being a major player in the semiconductor industry, is directly impacted by the overall weakness in tech, which is exacerbated by rising Treasury yields.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
ASML's stock is experiencing a downturn due to the tech sector's vulnerability to increasing Treasury yields.
ASML, a key semiconductor equipment manufacturer, is affected by the broader tech sector's decline, which is influenced by the rise in Treasury yields.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
AVGO shares are down, reflecting the broader tech sector's sensitivity to the uptick in Treasury yields.
AVGO's performance is closely tied to the tech sector, which is currently facing challenges due to the increase in Treasury yields.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
KLAC stock declines amid a general downturn in the tech sector, driven by rising Treasury yields.
KLAC, involved in semiconductor equipment, is impacted by the tech sector's downturn, which is being influenced by the rise in Treasury yields.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
LSCC's stock price is falling due to the negative impact of rising Treasury yields on the tech sector.
LSCC, a semiconductor company, is experiencing a decline in stock price as the tech sector weakens, partly due to rising Treasury yields.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
NVDA shares are trading lower in response to the broader tech sector's decline, influenced by an increase in Treasury yields.
NVDA, a leading semiconductor company, is negatively impacted by the tech sector's overall decline, which is being driven by rising Treasury yields.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
ON Semiconductor's stock is down, mirroring the broader tech sector's struggles with increasing Treasury yields.
ON Semiconductor is facing a decline in stock price as part of the broader tech sector's downturn, which is influenced by the rise in Treasury yields.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80