Shares of semiconductor and chip stocks are trading lower amid overall weakness in tech. The sector may also be down in sympathy with Supermicro, which fell after reporting quarterly earnings.
Portfolio Pulse from Benzinga Newsdesk
Shares of semiconductor and chip stocks are trading lower amid overall weakness in tech. The sector may also be down in sympathy with Supermicro, which fell after reporting quarterly earnings.
August 07, 2024 | 6:25 pm
News sentiment analysis
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NEGATIVE IMPACT
ARM shares are trading lower due to overall weakness in the tech sector and negative sentiment from Supermicro's earnings report.
ARM is part of the semiconductor sector, which is experiencing a downturn due to overall tech weakness and negative sentiment from Supermicro's earnings report.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
AVGO shares are trading lower due to overall weakness in the tech sector and negative sentiment from Supermicro's earnings report.
AVGO is part of the semiconductor sector, which is experiencing a downturn due to overall tech weakness and negative sentiment from Supermicro's earnings report.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
LRCX shares are trading lower due to overall weakness in the tech sector and negative sentiment from Supermicro's earnings report.
LRCX is part of the semiconductor sector, which is experiencing a downturn due to overall tech weakness and negative sentiment from Supermicro's earnings report.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
MPWR shares are trading lower due to overall weakness in the tech sector and negative sentiment from Supermicro's earnings report.
MPWR is part of the semiconductor sector, which is experiencing a downturn due to overall tech weakness and negative sentiment from Supermicro's earnings report.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
NVDA shares are trading lower due to overall weakness in the tech sector and negative sentiment from Supermicro's earnings report.
NVDA is part of the semiconductor sector, which is experiencing a downturn due to overall tech weakness and negative sentiment from Supermicro's earnings report.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
NXPI shares are trading lower due to overall weakness in the tech sector and negative sentiment from Supermicro's earnings report.
NXPI is part of the semiconductor sector, which is experiencing a downturn due to overall tech weakness and negative sentiment from Supermicro's earnings report.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
OLED shares are trading lower due to overall weakness in the tech sector and negative sentiment from Supermicro's earnings report.
OLED is part of the semiconductor sector, which is experiencing a downturn due to overall tech weakness and negative sentiment from Supermicro's earnings report.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50