Shares of semiconductor and AI-related tech stocks are trading lower. The sector may be pulling back following its recent run.
Portfolio Pulse from Benzinga Newsdesk
Shares of semiconductor and AI-related tech stocks are trading lower, possibly due to a pullback following a recent run.
June 24, 2024 | 2:59 pm
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NEGATIVE IMPACT
ARM shares are trading lower, likely due to a sector-wide pullback after a recent run.
ARM, being a semiconductor company, is affected by the sector-wide pullback. The recent run-up in prices may have led to profit-taking.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
DELL shares are trading lower, likely due to a sector-wide pullback in semiconductor and AI-related stocks.
DELL, which is involved in AI and tech, is impacted by the broader sector pullback. Investors may be taking profits after a recent run.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
MRVL shares are trading lower, likely due to a sector-wide pullback after a recent run.
MRVL, a semiconductor company, is experiencing a decline as part of a sector-wide pullback. The recent run-up in prices may have led to profit-taking.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
QCOM shares are trading lower, likely due to a sector-wide pullback in semiconductor and AI-related stocks.
QCOM, being a major player in the semiconductor industry, is affected by the sector-wide pullback. The recent run-up in prices may have led to profit-taking.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
TSM shares are trading lower, likely due to a sector-wide pullback after a recent run.
TSM, a leading semiconductor manufacturer, is experiencing a decline as part of a sector-wide pullback. The recent run-up in prices may have led to profit-taking.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100