Nvidia, Super Micro, Arm Tumble 2% In Premarket, Most Chip Peers Deep In Red: What's Dragging Down Semiconductor Stocks?
Portfolio Pulse from Shanthi Rexaline
Nvidia, Super Micro, and Arm stocks fell in premarket trading, influenced by Broadcom's disappointing revenue guidance. The semiconductor sector is experiencing a downturn, with many stocks in the red due to high expectations and a flight to safety ahead of the U.S. payrolls report.
September 06, 2024 | 10:25 am
News sentiment analysis
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NEGATIVE IMPACT
AMD's stock lost 1.01% in premarket trading, reflecting the broader negative sentiment in the semiconductor sector.
AMD's stock is affected by the overall negative sentiment in the semiconductor sector, driven by Broadcom's revenue guidance miss and investor caution.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Arm Holdings' stock slumped 2.41% in premarket trading, influenced by the negative sentiment in the semiconductor sector.
Arm Holdings' stock is affected by the negative sentiment in the semiconductor sector, which is driven by Broadcom's revenue guidance miss and investor caution.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Broadcom's stock fell about 9% in premarket trading due to its fourth-quarter revenue guidance missing some analysts' estimates.
Broadcom's stock is directly impacted by its own revenue guidance miss, which has disappointed investors and contributed to negative sentiment in the semiconductor sector.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Marvell Technology's stock moved down 2.39% in premarket trading, influenced by the negative sentiment in the semiconductor sector.
Marvell Technology's stock is affected by the negative sentiment in the semiconductor sector, driven by Broadcom's revenue guidance miss and investor caution.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Nvidia's stock fell 1.89% in premarket trading, likely due to Broadcom's disappointing revenue guidance and general negative sentiment in the semiconductor sector.
Nvidia's stock is affected by Broadcom's revenue guidance miss, which has created negative sentiment across the semiconductor sector. Investors' high expectations and a flight to safety are also contributing factors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
QUALCOMM's stock declined 0.99% in premarket trading, reflecting the broader negative sentiment in the semiconductor sector.
QUALCOMM's stock is affected by the overall negative sentiment in the semiconductor sector, driven by Broadcom's revenue guidance miss and investor caution.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Super Micro's stock plunged 2.99% in premarket trading, reflecting broader negative sentiment in the semiconductor sector.
Super Micro's stock is impacted by the overall negative sentiment in the semiconductor sector, driven by Broadcom's revenue guidance miss and investor caution.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
iShares Semiconductor ETF retreated 2.01% in premarket trading, influenced by the negative sentiment in the semiconductor sector.
The iShares Semiconductor ETF is impacted by the negative sentiment in the semiconductor sector, driven by Broadcom's revenue guidance miss and investor caution.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Taiwan Semiconductor's stock slipped 0.77% in premarket trading, reflecting the broader negative sentiment in the semiconductor sector.
Taiwan Semiconductor's stock is affected by the overall negative sentiment in the semiconductor sector, driven by Broadcom's revenue guidance miss and investor caution.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Texas Instruments' stock lost 0.77% in premarket trading, influenced by the negative sentiment in the semiconductor sector.
Texas Instruments' stock is affected by the negative sentiment in the semiconductor sector, driven by Broadcom's revenue guidance miss and investor caution.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60