Shares of semiconductor and hardware stocks are trading lower amid a selloff in the sector, which has gained this year amid AI momentum.
Portfolio Pulse from Benzinga Newsdesk
Shares of semiconductor and hardware stocks are trading lower amid a sector-wide selloff, despite gains earlier this year driven by AI momentum.

July 18, 2024 | 4:00 pm
News sentiment analysis
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NEGATIVE IMPACT
Applied Materials (AMAT) shares are trading lower amid a sector-wide selloff in semiconductor and hardware stocks.
AMAT is a key player in the semiconductor sector, which is experiencing a selloff. This will likely lead to a short-term decline in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Advanced Micro Devices (AMD) shares are trading lower amid a sector-wide selloff in semiconductor and hardware stocks.
AMD, being a major semiconductor company, is affected by the sector-wide selloff, leading to a likely short-term decline in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Lam Research (LRCX) shares are trading lower amid a sector-wide selloff in semiconductor and hardware stocks.
LRCX, as a significant player in the semiconductor sector, is impacted by the selloff, leading to a likely short-term decline in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Marvell Technology (MRVL) shares are trading lower amid a sector-wide selloff in semiconductor and hardware stocks.
MRVL, being part of the semiconductor sector, is affected by the selloff, leading to a likely short-term decline in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Micron Technology (MU) shares are trading lower amid a sector-wide selloff in semiconductor and hardware stocks.
MU, as a key player in the semiconductor sector, is impacted by the selloff, leading to a likely short-term decline in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Pure Storage (PSTG) shares are trading lower amid a sector-wide selloff in semiconductor and hardware stocks.
PSTG, being part of the hardware sector, is affected by the selloff, leading to a likely short-term decline in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Super Micro Computer (SMCI) shares are trading lower amid a sector-wide selloff in semiconductor and hardware stocks.
SMCI, as a significant player in the hardware sector, is impacted by the selloff, leading to a likely short-term decline in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Veeco Instruments (VECO) shares are trading lower amid a sector-wide selloff in semiconductor and hardware stocks.
VECO, being part of the semiconductor sector, is affected by the selloff, leading to a likely short-term decline in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Western Digital (WDC) shares are trading lower amid a sector-wide selloff in semiconductor and hardware stocks.
WDC, as a key player in the hardware sector, is impacted by the selloff, leading to a likely short-term decline in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80