Shares of semiconductor stocks are trading higher as the sector rebounds after falling last week. Chip stocks droped last week amid possible profit taking and concerns over new China restrictions. Investors may also be weighing Biden's exit from the 2024 presidential race.
Portfolio Pulse from Benzinga Newsdesk
Shares of semiconductor stocks are trading higher as the sector rebounds after falling last week. The drop was due to profit-taking and concerns over new China restrictions. Investors are also considering Biden's exit from the 2024 presidential race.
July 22, 2024 | 7:09 pm
News sentiment analysis
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POSITIVE IMPACT
Analog Devices (ADI) shares are trading higher as the semiconductor sector rebounds after last week's decline due to profit-taking and China restrictions.
ADI is part of the semiconductor sector, which is seeing a rebound. The previous decline was due to profit-taking and China restrictions, but the current trend is positive.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Entegris (ENTG) shares are trading higher as the semiconductor sector rebounds after last week's decline due to profit-taking and China restrictions.
ENTG is part of the semiconductor sector, which is seeing a rebound. The previous decline was due to profit-taking and China restrictions, but the current trend is positive.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
FormFactor (FORM) shares are trading higher as the semiconductor sector rebounds after last week's decline due to profit-taking and China restrictions.
FORM is part of the semiconductor sector, which is seeing a rebound. The previous decline was due to profit-taking and China restrictions, but the current trend is positive.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Microchip Technology (MCHP) shares are trading higher as the semiconductor sector rebounds after last week's decline due to profit-taking and China restrictions.
MCHP is part of the semiconductor sector, which is seeing a rebound. The previous decline was due to profit-taking and China restrictions, but the current trend is positive.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
MKS Instruments (MKSI) shares are trading higher as the semiconductor sector rebounds after last week's decline due to profit-taking and China restrictions.
MKSI is part of the semiconductor sector, which is seeing a rebound. The previous decline was due to profit-taking and China restrictions, but the current trend is positive.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Monolithic Power Systems (MPWR) shares are trading higher as the semiconductor sector rebounds after last week's decline due to profit-taking and China restrictions.
MPWR is part of the semiconductor sector, which is seeing a rebound. The previous decline was due to profit-taking and China restrictions, but the current trend is positive.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Marvell Technology (MRVL) shares are trading higher as the semiconductor sector rebounds after last week's decline due to profit-taking and China restrictions.
MRVL is part of the semiconductor sector, which is seeing a rebound. The previous decline was due to profit-taking and China restrictions, but the current trend is positive.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
NXP Semiconductors (NXPI) shares are trading higher as the semiconductor sector rebounds after last week's decline due to profit-taking and China restrictions.
NXPI is part of the semiconductor sector, which is seeing a rebound. The previous decline was due to profit-taking and China restrictions, but the current trend is positive.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Rambus (RMBS) shares are trading higher as the semiconductor sector rebounds after last week's decline due to profit-taking and China restrictions.
RMBS is part of the semiconductor sector, which is seeing a rebound. The previous decline was due to profit-taking and China restrictions, but the current trend is positive.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Silicon Labs (SLAB) shares are trading higher as the semiconductor sector rebounds after last week's decline due to profit-taking and China restrictions.
SLAB is part of the semiconductor sector, which is seeing a rebound. The previous decline was due to profit-taking and China restrictions, but the current trend is positive.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Skyworks Solutions (SWKS) shares are trading higher as the semiconductor sector rebounds after last week's decline due to profit-taking and China restrictions.
SWKS is part of the semiconductor sector, which is seeing a rebound. The previous decline was due to profit-taking and China restrictions, but the current trend is positive.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Teradyne (TER) shares are trading higher as the semiconductor sector rebounds after last week's decline due to profit-taking and China restrictions.
TER is part of the semiconductor sector, which is seeing a rebound. The previous decline was due to profit-taking and China restrictions, but the current trend is positive.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80