Shares of semiconductor and chip stocks are trading lower amid a possible selloff. NVIDIA earnings last week initially strengthened the sector.
Portfolio Pulse from Benzinga Newsdesk
Shares of semiconductor and chip stocks are trading lower amid a possible selloff, despite NVIDIA's strong earnings last week which initially strengthened the sector.
May 29, 2024 | 2:41 pm
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NEGATIVE IMPACT
AMD shares are trading lower amid a possible selloff in the semiconductor sector, despite NVIDIA's strong earnings last week.
The selloff in the semiconductor sector is affecting AMD's stock price, despite positive earnings from NVIDIA.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
ASML shares are trading lower amid a possible selloff in the semiconductor sector, despite NVIDIA's strong earnings last week.
The selloff in the semiconductor sector is impacting ASML's stock price, despite positive earnings from NVIDIA.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
NVIDIA's strong earnings last week initially strengthened the semiconductor sector, but shares are now trading lower amid a possible selloff.
Despite strong earnings, the overall sector is experiencing a selloff, which is dragging down NVIDIA's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
STM shares are trading lower amid a possible selloff in the semiconductor sector, despite NVIDIA's strong earnings last week.
The selloff in the semiconductor sector is affecting STM's stock price, despite positive earnings from NVIDIA.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 40
NEGATIVE IMPACT
TSM shares are trading lower amid a possible selloff in the semiconductor sector, despite NVIDIA's strong earnings last week.
The selloff in the semiconductor sector is impacting TSM's stock price, despite positive earnings from NVIDIA.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50