Shares of semiconductor, hardware and AI-linked companies are trading lower as the sector continues to pull back. Chip stocks may also be down in sympathy with Broadcom, which fell after reporting earnings.
Portfolio Pulse from Benzinga Newsdesk
Semiconductor, hardware, and AI-linked stocks are experiencing a downturn, potentially influenced by Broadcom's earnings report.
September 06, 2024 | 4:43 pm
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Broadcom's stock fell after reporting earnings, which may have influenced the broader semiconductor sector to trade lower.
Broadcom's earnings report likely disappointed investors, causing its stock to fall. This decline may have had a ripple effect on the semiconductor sector, leading to a broader pullback.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80