NVDL, SOXL And Other Chip ETFs Suffer Major Blow In Premarket Amid Global Market 'Bloodbath'
Portfolio Pulse from Benzinga Neuro
Chip stocks-linked ETFs, including SOXL, NVDL, USD, SMH, and SOXX, experienced significant declines in pre-market trading amid a global market downturn. The drop is attributed to recession fears sparked by a disappointing U.S. jobs report and Nvidia's production delays.
August 05, 2024 | 11:27 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Alphabet Inc. (GOOG) may be impacted by Nvidia's production delays for AI chips, which could affect its operations.
GOOG's operations could be affected by NVDA's production delays, potentially impacting its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Alphabet Inc. (GOOGL) may be impacted by Nvidia's production delays for AI chips, which could affect its operations.
GOOGL's operations could be affected by NVDA's production delays, potentially impacting its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Meta Platforms Inc. (META) may be impacted by Nvidia's production delays for AI chips, which could affect its operations.
META's operations could be affected by NVDA's production delays, potentially impacting its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Microsoft Corporation (MSFT) may be impacted by Nvidia's production delays for AI chips, which could affect its operations.
MSFT's operations could be affected by NVDA's production delays, potentially impacting its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Nvidia Corporation (NVDA) is facing delays in the production of its upcoming AI chips due to design issues, impacting major clients.
NVDA's production delays are likely to negatively impact its stock price due to potential disruptions for major clients.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
GraniteShares 2x Long NVDA Daily ETF (NVDL) fell by 18.49% in pre-market trading amid global market 'bloodbath' and Nvidia's production delays.
NVDL's sharp decline is due to the global market downturn and specific issues with Nvidia's production delays impacting investor sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
VanEck Semiconductor ETF (SMH) fell by 6.55% in pre-market trading amid global market downturn and recession fears.
SMH's decline is part of the broader market downturn and investor sentiment shift due to recession fears.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Direxion Daily Semiconductor Bull 3X Shares (SOXL) plummeted by 17.93% in pre-market trading due to global market downturn and recession fears.
SOXL's significant drop is directly linked to the broader market downturn and investor sentiment shift due to recession fears.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
iShares Semiconductor ETF (SOXX) dropped by 6.25% in pre-market trading amid global market downturn and recession fears.
SOXX's decline is part of the broader market downturn and investor sentiment shift due to recession fears.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
ProShares Ultra Semiconductors (USD) dropped by 16.72% in pre-market trading due to global market downturn and recession fears.
USD's significant drop is directly linked to the broader market downturn and investor sentiment shift due to recession fears.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100