Shares of semiconductor and chip stocks are trading higher amid overall market strength following softer-than-expected PPI figures.
Portfolio Pulse from Benzinga Newsdesk
Shares of semiconductor and chip stocks are trading higher amid overall market strength following softer-than-expected PPI figures.
August 13, 2024 | 6:22 pm
News sentiment analysis
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POSITIVE IMPACT
Analog Devices Inc. (ADI) shares are trading higher due to positive market sentiment following softer-than-expected PPI figures.
ADI, being a semiconductor company, is benefiting from the overall positive market sentiment driven by the softer-than-expected PPI figures.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Entegris Inc. (ENTG) shares are trading higher due to positive market sentiment following softer-than-expected PPI figures.
ENTG, being a semiconductor company, is benefiting from the overall positive market sentiment driven by the softer-than-expected PPI figures.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Lam Research Corp. (LRCX) shares are trading higher due to positive market sentiment following softer-than-expected PPI figures.
LRCX, being a semiconductor company, is benefiting from the overall positive market sentiment driven by the softer-than-expected PPI figures.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Microchip Technology Inc. (MCHP) shares are trading higher due to positive market sentiment following softer-than-expected PPI figures.
MCHP, being a semiconductor company, is benefiting from the overall positive market sentiment driven by the softer-than-expected PPI figures.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
MKS Instruments Inc. (MKSI) shares are trading higher due to positive market sentiment following softer-than-expected PPI figures.
MKSI, being a semiconductor company, is benefiting from the overall positive market sentiment driven by the softer-than-expected PPI figures.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
NXP Semiconductors N.V. (NXPI) shares are trading higher due to positive market sentiment following softer-than-expected PPI figures.
NXPI, being a semiconductor company, is benefiting from the overall positive market sentiment driven by the softer-than-expected PPI figures.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
ON Semiconductor Corp. (ON) shares are trading higher due to positive market sentiment following softer-than-expected PPI figures.
ON, being a semiconductor company, is benefiting from the overall positive market sentiment driven by the softer-than-expected PPI figures.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Qualcomm Inc. (QCOM) shares are trading higher due to positive market sentiment following softer-than-expected PPI figures.
QCOM, being a semiconductor company, is benefiting from the overall positive market sentiment driven by the softer-than-expected PPI figures.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Qorvo Inc. (QRVO) shares are trading higher due to positive market sentiment following softer-than-expected PPI figures.
QRVO, being a semiconductor company, is benefiting from the overall positive market sentiment driven by the softer-than-expected PPI figures.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Skyworks Solutions Inc. (SWKS) shares are trading higher due to positive market sentiment following softer-than-expected PPI figures.
SWKS, being a semiconductor company, is benefiting from the overall positive market sentiment driven by the softer-than-expected PPI figures.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Teradyne Inc. (TER) shares are trading higher due to positive market sentiment following softer-than-expected PPI figures.
TER, being a semiconductor company, is benefiting from the overall positive market sentiment driven by the softer-than-expected PPI figures.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Taiwan Semiconductor Manufacturing Co. Ltd. (TSM) shares are trading higher due to positive market sentiment following softer-than-expected PPI figures.
TSM, being a semiconductor company, is benefiting from the overall positive market sentiment driven by the softer-than-expected PPI figures.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Texas Instruments Inc. (TXN) shares are trading higher due to positive market sentiment following softer-than-expected PPI figures.
TXN, being a semiconductor company, is benefiting from the overall positive market sentiment driven by the softer-than-expected PPI figures.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80