Shares of semiconductor and chip stocks are trading higher ahead of NVIDIA's earnings report. Some stocks in the sector may also be up following strong quarterly earnings from Analog Devices.
Portfolio Pulse from Benzinga Newsdesk
Shares of semiconductor and chip stocks are trading higher ahead of NVIDIA's earnings report. Additionally, strong quarterly earnings from Analog Devices are contributing to the sector's positive performance.
May 22, 2024 | 5:08 pm
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POSITIVE IMPACT
Analog Devices' strong quarterly earnings are contributing to the positive performance of semiconductor stocks.
Analog Devices reported strong quarterly earnings, which is positively impacting the semiconductor sector.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 80
POSITIVE IMPACT
LSCC shares are likely benefiting from the overall positive sentiment in the semiconductor sector.
LSCC, as a semiconductor company, is likely seeing its shares rise due to the positive sentiment in the sector driven by NVIDIA and Analog Devices.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
MCHP shares are likely benefiting from the overall positive sentiment in the semiconductor sector.
MCHP, as a semiconductor company, is likely seeing its shares rise due to the positive sentiment in the sector driven by NVIDIA and Analog Devices.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
NVIDIA's upcoming earnings report is driving semiconductor and chip stocks higher.
NVIDIA is a major player in the semiconductor industry, and its earnings report is highly anticipated. Positive expectations are driving the sector's stocks higher.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
ON shares are likely benefiting from the overall positive sentiment in the semiconductor sector.
ON, as a semiconductor company, is likely seeing its shares rise due to the positive sentiment in the sector driven by NVIDIA and Analog Devices.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
STM shares are likely benefiting from the overall positive sentiment in the semiconductor sector.
STM, as a semiconductor company, is likely seeing its shares rise due to the positive sentiment in the sector driven by NVIDIA and Analog Devices.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60