Shares of semiconductor stocks are trading lower. The sector has been under pressure this week following earnings from ASML and TSMC. Stocks have been mixed Friday amid overall market uncertainty on Iran-Israel tensions. Weakness in Super Micro could also be weighing.
Portfolio Pulse from Benzinga Newsdesk
Semiconductor stocks are trading lower due to pressure from ASML and TSMC's earnings reports and mixed market reactions amid Iran-Israel tensions. AMD, MRVL, MU, and NVDA are among the affected stocks.
April 19, 2024 | 3:43 pm
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NEGATIVE IMPACT
AMD's stock is trading lower due to sector-wide pressure from ASML and TSMC's earnings and geopolitical tensions.
AMD, being a major player in the semiconductor industry, is directly impacted by sector trends and earnings reports from other major companies like ASML and TSMC, as well as by geopolitical tensions.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
MRVL's stock is experiencing a downturn influenced by the semiconductor sector's challenges following ASML and TSMC's earnings and geopolitical concerns.
MRVL is affected by the broader semiconductor sector's performance, which is currently under pressure due to recent earnings reports and ongoing geopolitical tensions.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
MU shares are trading lower, impacted by the semiconductor sector's recent earnings reports from ASML and TSMC and the current geopolitical situation.
As a part of the semiconductor industry, MU's stock performance is closely tied to the sector's overall health, which is currently being influenced by earnings and geopolitical tensions.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
NVDA's stock is under pressure due to negative impacts from ASML and TSMC's earnings reports and mixed market reactions amid geopolitical tensions.
NVDA, as a leading semiconductor company, is significantly impacted by the sector's dynamics, including earnings reports from key players and geopolitical uncertainties.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80