Semiconductor ETFs Take A Beating, Dragged Lower By Nvidia, AMD, and Broadcom Stocks
Portfolio Pulse from Anusuya Lahiri
Semiconductor stocks, including Nvidia, AMD, and Broadcom, are experiencing a selloff, impacting ETFs like VanEck Semiconductor ETF and iShares Semiconductor ETF. Despite positive earnings reports, the sector is down, with ProShares Ultra Semiconductors losing 26% and ProShares UltraShort Semiconductors gaining 28%. Broader market ETFs like SPDR S&P 500 ETF Trust and Invesco QQQ Trust saw smaller declines.
September 06, 2024 | 6:28 pm
News sentiment analysis
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NEGATIVE IMPACT
AMD's stock has lost over 10% as part of a broader semiconductor sector selloff, despite positive market conditions.
AMD's stock decline is part of a sector-wide selloff, despite positive earnings and market conditions.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Broadcom's stock is down despite beating earnings estimates, as the semiconductor sector faces a selloff.
Broadcom's earnings beat was not enough to prevent its stock from declining amid a sector-wide selloff.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Nvidia's stock is down 15% despite a strong earnings report, as the semiconductor sector faces a broader selloff.
Nvidia's strong earnings report was overshadowed by a broader selloff in the semiconductor sector, leading to a 15% decline in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Invesco QQQ Trust lost 5% as broader market ETFs face smaller declines compared to semiconductor-focused ETFs.
The ETF's decline is less severe compared to semiconductor-focused ETFs, reflecting broader market trends.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 50
NEGATIVE IMPACT
VanEck Semiconductor ETF is down 12% as semiconductor stocks face a selloff, led by Nvidia, AMD, and Broadcom.
The ETF's decline reflects the broader selloff in semiconductor stocks, including major holdings like Nvidia and AMD.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
iShares Semiconductor ETF fell 12% as semiconductor stocks, including Nvidia and AMD, face a selloff.
The ETF's performance is impacted by the decline in semiconductor stocks, reflecting broader market trends.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
SPDR S&P 500 ETF Trust lost 3.5% as broader market ETFs face smaller declines compared to semiconductor-focused ETFs.
The ETF's decline is less severe compared to semiconductor-focused ETFs, reflecting broader market trends.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 50
NEGATIVE IMPACT
Taiwan Semiconductor's stock lost 8% amid a broader semiconductor sector selloff, despite assurances of sustained AI demand.
Despite positive outlooks on AI demand, Taiwan Semiconductor's stock fell as part of a broader sector decline.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
ProShares Ultra Semiconductors lost 26% as semiconductor stocks face a significant selloff.
The leveraged ETF's performance is highly sensitive to the semiconductor sector's downturn, resulting in significant losses.
CONFIDENCE 80
IMPORTANCE 55
RELEVANCE 65
POSITIVE IMPACT
ProShares UltraShort Semiconductors gained 28% as semiconductor stocks decline, benefiting from inverse exposure.
The inverse ETF benefits from the semiconductor sector's decline, resulting in gains.
CONFIDENCE 80
IMPORTANCE 55
RELEVANCE 65