Shares of semiconductor stocks are trading lower in sympathy with AMD and Supermicro, which fell after reporting quarterly earnings.
Portfolio Pulse from Benzinga Newsdesk
Semiconductor stocks are trading lower following disappointing quarterly earnings reports from AMD and Supermicro, affecting the broader sector.
April 30, 2024 | 9:35 pm
News sentiment analysis
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NEGATIVE IMPACT
AMD's stock is trading lower after reporting disappointing quarterly earnings, impacting investor sentiment.
As AMD is directly mentioned with negative earnings news, it's likely to experience a short-term decrease in stock price due to investor reactions.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Supermicro's stock is trading lower after the company reported disappointing quarterly earnings, contributing to the sector's downturn.
Supermicro's disappointing earnings report is a direct cause of its stock price decline, influencing the semiconductor sector negatively.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100