Shares of semiconductor, memory and chip-related stocks are trading higher. Softer-than-expected CPI figures have lifted socks on Wednesday while AI optimism continues to boost the sector.
Portfolio Pulse from Benzinga Newsdesk
Shares of semiconductor, memory, and chip-related stocks are trading higher due to softer-than-expected CPI figures and ongoing AI optimism.
June 12, 2024 | 6:54 pm
News sentiment analysis
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POSITIVE IMPACT
Lattice Semiconductor (LSCC) shares are trading higher due to favorable CPI data and AI sector optimism.
LSCC is benefiting from the overall positive sentiment in the semiconductor sector driven by favorable economic data and AI advancements.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Marvell Technology (MRVL) shares are trading higher due to favorable CPI data and AI sector optimism.
MRVL is benefiting from the overall positive sentiment in the semiconductor sector driven by favorable economic data and AI advancements.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Navitas Semiconductor (NVTS) shares are trading higher due to favorable CPI data and AI sector optimism.
NVTS is benefiting from the overall positive sentiment in the semiconductor sector driven by favorable economic data and AI advancements.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
NXP Semiconductors (NXPI) shares are trading higher due to favorable CPI data and AI sector optimism.
NXPI is benefiting from the overall positive sentiment in the semiconductor sector driven by favorable economic data and AI advancements.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Rambus (RMBS) shares are trading higher due to favorable CPI data and AI sector optimism.
RMBS is benefiting from the overall positive sentiment in the semiconductor sector driven by favorable economic data and AI advancements.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Silicon Labs (SLAB) shares are trading higher due to favorable CPI data and AI sector optimism.
SLAB is benefiting from the overall positive sentiment in the semiconductor sector driven by favorable economic data and AI advancements.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Super Micro Computer (SMCI) shares are trading higher due to favorable CPI data and AI sector optimism.
SMCI is benefiting from the overall positive sentiment in the semiconductor sector driven by favorable economic data and AI advancements.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ultra Clean Holdings (UCTT) shares are trading higher due to favorable CPI data and AI sector optimism.
UCTT is benefiting from the overall positive sentiment in the semiconductor sector driven by favorable economic data and AI advancements.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Western Digital (WDC) shares are trading higher due to favorable CPI data and AI sector optimism.
WDC is benefiting from the overall positive sentiment in the semiconductor sector driven by favorable economic data and AI advancements.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80