Shares of chip and AI-related stocks are trading lower in sympathy with NVIDIA, which fell after reporting Q2 financial results.
Portfolio Pulse from Benzinga Newsdesk
Chip and AI-related stocks are experiencing a decline following NVIDIA's drop after its Q2 financial results.
August 28, 2024 | 8:28 pm
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NEGATIVE IMPACT
Applied Materials shares are trading lower in sympathy with NVIDIA's decline post-Q2 results.
As a major player in the semiconductor industry, AMAT's stock is influenced by NVIDIA's performance, reflecting sector sentiment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
AMD shares are down following NVIDIA's Q2 earnings report, affecting the chip sector.
AMD, being a competitor and peer in the chip industry, is affected by NVIDIA's financial results, which influence market sentiment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Micron Technology shares decline in response to NVIDIA's Q2 financial results.
Micron, as part of the semiconductor industry, is impacted by NVIDIA's earnings, which set a tone for the sector.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
NVIDIA's shares fell after the company reported its Q2 financial results, impacting the broader chip and AI-related stocks.
NVIDIA's financial performance is a key indicator for the chip and AI industry. A negative reaction to its earnings report can lead to a sector-wide impact.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Super Micro Computer shares are trading lower in sympathy with NVIDIA's Q2 results.
SMCI, involved in AI and chip-related products, is influenced by NVIDIA's performance, reflecting broader market trends.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50