Shares of semiconductor stocks are trading lower in sympathy with AMD and Supermicro, which fell after reporting quarterly earnings. Additionally, Skyworks issued Q3 revenue guidance with a midpoint below estimates.
Portfolio Pulse from Benzinga Newsdesk
Semiconductor stocks are trading lower following disappointing quarterly earnings reports from AMD and Supermicro, and Skyworks' Q3 revenue guidance falling short of estimates. This trend impacts a broad range of semiconductor companies.
May 01, 2024 | 10:10 am
News sentiment analysis
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NEGATIVE IMPACT
AMD's stock is trading lower due to disappointing quarterly earnings, affecting investor sentiment.
As a direct participant in the reported event, AMD's disappointing earnings are a clear negative signal to investors, likely leading to a short-term decrease in stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 90
NEGATIVE IMPACT
Supermicro's stock is trading lower after the company reported disappointing quarterly earnings.
Supermicro's disappointing quarterly earnings directly impact its stock price, indicating a likely short-term negative trend.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 90
NEGATIVE IMPACT
Skyworks' stock is expected to trade lower after issuing Q3 revenue guidance below market estimates.
Skyworks' Q3 revenue guidance falling short of estimates is a negative indicator for its stock price, suggesting a bearish outlook in the short term.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90