Shares of semiconductor, hardware, storage and chip-related stocks are trading higher in sympathy with AMD, which rose after reporting strong Q2 earnings. Some stocks in the sector may also be up amid reports of a new Biden administration rule on foreign chip equipment exports to China, which could exempt Japan, the Netherlands and South Korea.
Portfolio Pulse from Benzinga Newsdesk
Shares of semiconductor, hardware, storage, and chip-related stocks are trading higher following AMD's strong Q2 earnings report. Additionally, reports of a new Biden administration rule on foreign chip equipment exports to China, potentially exempting Japan, the Netherlands, and South Korea, are also contributing to the sector's rise.
July 31, 2024 | 4:03 pm
News sentiment analysis
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POSITIVE IMPACT
AMD shares rose after reporting strong Q2 earnings, positively impacting the semiconductor sector.
AMD's strong Q2 earnings report has led to a rise in its stock price, which in turn has positively influenced other stocks in the semiconductor sector.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
AMKR shares are trading higher in sympathy with AMD's strong Q2 earnings.
AMKR, being in the semiconductor sector, is benefiting from the positive sentiment generated by AMD's strong Q2 earnings.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
AVGO shares are trading higher in sympathy with AMD's strong Q2 earnings.
AVGO, being in the semiconductor sector, is benefiting from the positive sentiment generated by AMD's strong Q2 earnings.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
FORM shares are trading higher in sympathy with AMD's strong Q2 earnings.
FORM, being in the semiconductor sector, is benefiting from the positive sentiment generated by AMD's strong Q2 earnings.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
HPE shares are trading higher in sympathy with AMD's strong Q2 earnings.
HPE, being in the hardware sector, is benefiting from the positive sentiment generated by AMD's strong Q2 earnings.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
LSCC shares are trading higher in sympathy with AMD's strong Q2 earnings.
LSCC, being in the semiconductor sector, is benefiting from the positive sentiment generated by AMD's strong Q2 earnings.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
MKSI shares are trading higher in sympathy with AMD's strong Q2 earnings.
MKSI, being in the semiconductor sector, is benefiting from the positive sentiment generated by AMD's strong Q2 earnings.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
MPWR shares are trading higher in sympathy with AMD's strong Q2 earnings.
MPWR, being in the semiconductor sector, is benefiting from the positive sentiment generated by AMD's strong Q2 earnings.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
NXPI shares are trading higher in sympathy with AMD's strong Q2 earnings.
NXPI, being in the semiconductor sector, is benefiting from the positive sentiment generated by AMD's strong Q2 earnings.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
OLED shares are trading higher in sympathy with AMD's strong Q2 earnings.
OLED, being in the hardware sector, is benefiting from the positive sentiment generated by AMD's strong Q2 earnings.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
PSTG shares are trading higher in sympathy with AMD's strong Q2 earnings.
PSTG, being in the storage sector, is benefiting from the positive sentiment generated by AMD's strong Q2 earnings.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
TER shares are trading higher in sympathy with AMD's strong Q2 earnings.
TER, being in the semiconductor sector, is benefiting from the positive sentiment generated by AMD's strong Q2 earnings.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
WDC shares are trading higher in sympathy with AMD's strong Q2 earnings.
WDC, being in the storage sector, is benefiting from the positive sentiment generated by AMD's strong Q2 earnings.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70