Shares of semiconductor stocks are trading lower as the sector pulls back following this year's strength, which has been driven by AI momentum.
Portfolio Pulse from Benzinga Newsdesk
Shares of semiconductor stocks are trading lower as the sector pulls back following this year's strength, which has been driven by AI momentum.

July 19, 2024 | 5:49 pm
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NEGATIVE IMPACT
Analog Devices Inc. (ADI) shares are trading lower as the semiconductor sector pulls back after a strong year driven by AI momentum.
ADI is part of the semiconductor sector, which is experiencing a pullback after a strong performance driven by AI momentum.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Applied Materials Inc. (AMAT) shares are trading lower as the semiconductor sector pulls back after a strong year driven by AI momentum.
AMAT is part of the semiconductor sector, which is experiencing a pullback after a strong performance driven by AI momentum.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Advanced Micro Devices Inc. (AMD) shares are trading lower as the semiconductor sector pulls back after a strong year driven by AI momentum.
AMD is part of the semiconductor sector, which is experiencing a pullback after a strong performance driven by AI momentum.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
ASML Holding N.V. (ASML) shares are trading lower as the semiconductor sector pulls back after a strong year driven by AI momentum.
ASML is part of the semiconductor sector, which is experiencing a pullback after a strong performance driven by AI momentum.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Intel Corporation (INTC) shares are trading lower as the semiconductor sector pulls back after a strong year driven by AI momentum.
INTC is part of the semiconductor sector, which is experiencing a pullback after a strong performance driven by AI momentum.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
KLA Corporation (KLAC) shares are trading lower as the semiconductor sector pulls back after a strong year driven by AI momentum.
KLAC is part of the semiconductor sector, which is experiencing a pullback after a strong performance driven by AI momentum.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Lam Research Corporation (LRCX) shares are trading lower as the semiconductor sector pulls back after a strong year driven by AI momentum.
LRCX is part of the semiconductor sector, which is experiencing a pullback after a strong performance driven by AI momentum.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Monolithic Power Systems Inc. (MPWR) shares are trading lower as the semiconductor sector pulls back after a strong year driven by AI momentum.
MPWR is part of the semiconductor sector, which is experiencing a pullback after a strong performance driven by AI momentum.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Micron Technology Inc. (MU) shares are trading lower as the semiconductor sector pulls back after a strong year driven by AI momentum.
MU is part of the semiconductor sector, which is experiencing a pullback after a strong performance driven by AI momentum.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
NXP Semiconductors N.V. (NXPI) shares are trading lower as the semiconductor sector pulls back after a strong year driven by AI momentum.
NXPI is part of the semiconductor sector, which is experiencing a pullback after a strong performance driven by AI momentum.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
ON Semiconductor Corporation (ON) shares are trading lower as the semiconductor sector pulls back after a strong year driven by AI momentum.
ON is part of the semiconductor sector, which is experiencing a pullback after a strong performance driven by AI momentum.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
STMicroelectronics N.V. (STM) shares are trading lower as the semiconductor sector pulls back after a strong year driven by AI momentum.
STM is part of the semiconductor sector, which is experiencing a pullback after a strong performance driven by AI momentum.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Taiwan Semiconductor Manufacturing Company Limited (TSM) shares are trading lower as the semiconductor sector pulls back after a strong year driven by AI momentum.
TSM is part of the semiconductor sector, which is experiencing a pullback after a strong performance driven by AI momentum.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Texas Instruments Incorporated (TXN) shares are trading lower as the semiconductor sector pulls back after a strong year driven by AI momentum.
TXN is part of the semiconductor sector, which is experiencing a pullback after a strong performance driven by AI momentum.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50