Shares of semiconductor stocks are trading higher amid strong recent economic data and in possible sympathy with Nvidia following CEO Jensen Huang's recent comments on demand and after Vice President Harris spoke of investment in American-based companies to win the technology race during the Presidential Debate.
Portfolio Pulse from Benzinga Newsdesk
Semiconductor stocks are experiencing a rise in share prices due to strong economic data, Nvidia CEO Jensen Huang's positive comments on demand, and Vice President Harris's emphasis on investing in American-based companies during the Presidential Debate.
September 13, 2024 | 5:55 pm
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POSITIVE IMPACT
Applied Materials shares are likely rising in sympathy with Nvidia and due to positive economic data, as part of the semiconductor sector's overall uptrend.
AMAT is part of the semiconductor sector, which is seeing a rise due to Nvidia's positive demand outlook and strong economic data.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Lam Research shares are likely benefiting from the positive sentiment in the semiconductor sector, driven by Nvidia's demand outlook and economic data.
LRCX is part of the semiconductor sector, which is positively impacted by Nvidia's demand outlook and strong economic data.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Micron Technology shares are likely rising in line with the semiconductor sector's positive movement, influenced by Nvidia's demand outlook.
MU is part of the semiconductor sector, which is seeing a rise due to Nvidia's positive demand outlook and strong economic data.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Nvidia shares are likely benefiting from CEO Jensen Huang's positive comments on demand, contributing to a broader rise in semiconductor stocks.
Nvidia's CEO comments on strong demand are a direct catalyst for the stock's rise, influencing the broader semiconductor sector.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
NXP Semiconductors shares are likely benefiting from the positive sentiment in the semiconductor sector, driven by Nvidia's demand outlook.
NXPI is part of the semiconductor sector, which is positively impacted by Nvidia's demand outlook and strong economic data.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
ON Semiconductor shares are likely rising in sympathy with the broader semiconductor sector, influenced by Nvidia's demand outlook.
ON is part of the semiconductor sector, which is seeing a rise due to Nvidia's positive demand outlook and strong economic data.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Teradyne shares are likely benefiting from the positive sentiment in the semiconductor sector, driven by Nvidia's demand outlook.
TER is part of the semiconductor sector, which is positively impacted by Nvidia's demand outlook and strong economic data.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60