Shares of chip 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 chip 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 | 5:03 pm
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NEGATIVE IMPACT
Ambarella's stock is trading lower due to potential new China restrictions and soft guidance from ASML.
Ambarella, being a chip stock, is directly affected by the potential new restrictions on China and the soft guidance from ASML, leading to a negative impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
MKS Instruments' stock is trading lower due to potential new China restrictions and soft guidance from ASML.
MKS Instruments, being a chip stock, is directly affected by the potential new restrictions on China and the soft guidance from ASML, leading to a negative impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
MACOM Technology Solutions' stock is trading lower due to potential new China restrictions and soft guidance from ASML.
MACOM Technology Solutions, being a chip stock, is directly affected by the potential new restrictions on China and the soft guidance from ASML, leading to a negative impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
NXP Semiconductors' stock is trading lower due to potential new China restrictions and soft guidance from ASML.
NXP Semiconductors, being a chip stock, is directly affected by the potential new restrictions on China and the soft guidance from ASML, leading to a negative impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Rambus' stock is trading lower due to potential new China restrictions and soft guidance from ASML.
Rambus, being a chip stock, is directly affected by the potential new restrictions on China and the soft guidance from ASML, leading to a negative impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Semtech's stock is trading lower due to potential new China restrictions and soft guidance from ASML.
Semtech, being a chip stock, is directly affected by the potential new restrictions on China and the soft guidance from ASML, leading to a negative impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80