Shares of chip stocks are trading lower. The sector may be selling off following strength in the first half of 2024, driven by AI momentum.
Portfolio Pulse from Benzinga Newsdesk
Shares of chip stocks are trading lower, potentially due to a sell-off following strong performance in the first half of 2024 driven by AI momentum.
July 01, 2024 | 2:08 pm
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NEGATIVE IMPACT
AMD shares are trading lower, likely due to a sector-wide sell-off after strong performance in early 2024 driven by AI momentum.
AMD is a major player in the chip sector, which is experiencing a sell-off after strong performance in early 2024 driven by AI momentum.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
ARM shares are trading lower, likely due to a sector-wide sell-off after strong performance in early 2024 driven by AI momentum.
ARM is a significant player in the chip sector, which is experiencing a sell-off after strong performance in early 2024 driven by AI momentum.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Micron Technology (MU) shares are trading lower, likely due to a sector-wide sell-off after strong performance in early 2024 driven by AI momentum.
Micron Technology (MU) is a key player in the chip sector, which is experiencing a sell-off after strong performance in early 2024 driven by AI momentum.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
NVIDIA (NVDA) shares are trading lower, likely due to a sector-wide sell-off after strong performance in early 2024 driven by AI momentum.
NVIDIA (NVDA) is a major player in the chip sector, which is experiencing a sell-off after strong performance in early 2024 driven by AI momentum.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100