Shares of semiconductor stocks are trading lower amid reports Biden is considering further China restrictions. The sector may also be down following soft guidance from ASML.
Portfolio Pulse from Benzinga Newsdesk
Shares of semiconductor stocks are trading lower amid reports that President Biden is considering further restrictions on China. The sector is also impacted by soft guidance from ASML.
July 17, 2024 | 1:20 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Applied Materials (AMAT) shares are trading lower due to potential new China restrictions and soft guidance from ASML.
AMAT is a key player in the semiconductor industry, and new restrictions on China could impact its business significantly. Additionally, soft guidance from ASML adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Advanced Micro Devices (AMD) shares are trading lower due to potential new China restrictions and soft guidance from ASML.
AMD, being a major semiconductor company, is likely to be affected by new restrictions on China and the negative outlook from ASML.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
NVIDIA (NVDA) shares are trading lower due to potential new China restrictions and soft guidance from ASML.
NVIDIA, a leading semiconductor company, could face significant impacts from new China restrictions and the soft guidance from ASML.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Taiwan Semiconductor Manufacturing Company (TSM) shares are trading lower due to potential new China restrictions and soft guidance from ASML.
TSM, as a major semiconductor manufacturer, is likely to be affected by new restrictions on China and the negative outlook from ASML.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80