Shares of semiconductor and hardware stocks are trading lower as the sector pulls back following this year's strength. The sector may also be under pressure amid weakness in Amkor and Lattice, which fell on soft guidance.
Portfolio Pulse from Benzinga Newsdesk
Shares of semiconductor and hardware stocks are trading lower as the sector pulls back following this year's strength. The sector may also be under pressure amid weakness in Amkor and Lattice, which fell on soft guidance.
July 30, 2024 | 5:55 pm
News sentiment analysis
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NEGATIVE IMPACT
Amkor shares are trading lower due to soft guidance, contributing to the overall sector pullback.
Amkor's soft guidance has directly contributed to the decline in its stock price and has had a negative impact on the broader semiconductor sector.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Lattice Semiconductor shares are trading lower due to soft guidance, adding to the sector's overall weakness.
Lattice Semiconductor's soft guidance has led to a decline in its stock price, contributing to the overall weakness in the semiconductor sector.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80