What's Going On With Chipmakers TSMC, ASML & Arm Stocks?
Portfolio Pulse from Erica Kollmann
Shares of TSMC (TSM), Arm Holdings (ARM), and ASML (ASML) are trading lower due to overall market weakness and concerns over China's move to phase out foreign chips. ASML missed Q1 earnings, causing a significant drop in its stock price. Arm Holdings' stock fell in response to ASML's performance and broader sector trends. TSMC reported strong Q1 results but lowered its market outlook due to consumer weakness, leading to a decline in its share price.
April 18, 2024 | 7:59 pm
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NEGATIVE IMPACT
Arm Holdings' stock fell more than 20% over the past five days, influenced by ASML's missed earnings and broader market trends.
Arm Holdings' stock decline is a reaction to ASML's poor earnings report and general downward momentum in the semiconductor sector.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
ASML's shares dropped more than 10% after missing Q1 earnings and revenue estimates, with a current 2% decrease in stock price.
ASML's significant stock price drop is directly tied to its Q1 earnings miss, reflecting investor disappointment and concerns over future performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
TSMC reported strong Q1 results but lowered its market outlook, leading to a 4.73% drop in its stock price.
Despite TSMC's strong Q1 performance, the lowered market outlook due to consumer weakness has negatively impacted investor sentiment, leading to a decline in stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90