What's Going On With Nvidia, AMD And More Semiconductor Stocks Wednesday?
Portfolio Pulse from Anusuya Lahiri
Nvidia, AMD, and other semiconductor stocks are trading lower due to intensified U.S. sanctions against China and comments from Donald Trump about Taiwan Semiconductor Manufacturing Company. The Biden administration is considering using the Foreign Direct Product Rule to impose controls on foreign-made products with American technology. The broader chip sector, including companies like Broadcom, Qualcomm, and Micron, is also affected.
July 17, 2024 | 1:43 pm
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NEGATIVE IMPACT
AMD shares are trading lower due to the broader impact of U.S. sanctions against China on the semiconductor sector.
AMD, like other semiconductor companies, is affected by the broader market reaction to U.S. sanctions against China.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
NEGATIVE IMPACT
Broadcom shares are trading lower as part of the broader semiconductor sector reaction to U.S. sanctions against China.
Broadcom is part of the broader semiconductor sector affected by the U.S. sanctions against China.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Micron Technology shares are trading lower as part of the broader semiconductor sector reaction to U.S. sanctions against China.
Micron Technology is part of the broader semiconductor sector affected by the U.S. sanctions against China.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Nvidia shares are down 4.02% due to intensified U.S. sanctions against China and potential further restrictions on Chinese chip companies.
Nvidia has significant exposure to the Chinese market, and the potential for further sanctions could impact its revenue from AI chip sales in China.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Qualcomm shares are trading lower due to the broader impact of U.S. sanctions against China on the semiconductor sector.
Qualcomm, like other semiconductor companies, is affected by the broader market reaction to U.S. sanctions against China.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Invesco PHLX Semiconductor ETF is trading lower due to the broader impact of U.S. sanctions against China on the semiconductor sector.
The ETF, which tracks the semiconductor sector, is affected by the broader market reaction to U.S. sanctions against China.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
Taiwan Semiconductor shares are trading lower after Donald Trump suggested the company should compensate the U.S. for its defense.
Trump's comments have created uncertainty around Taiwan Semiconductor, leading to a drop in its share price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90