Shares of companies in the broader semiconductor space are trading lower. The sector may be pulling back after rising Thursday on strong earnings from Micron.
Portfolio Pulse from Benzinga Newsdesk
Semiconductor stocks are experiencing a decline after a previous rise driven by Micron's strong earnings report.
September 27, 2024 | 2:41 pm
News sentiment analysis
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NEGATIVE IMPACT
ARM's stock is likely affected by the broader semiconductor sector's decline, despite no specific news about the company.
ARM is part of the semiconductor sector, which is experiencing a pullback. The decline is sector-wide, not specific to ARM.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
AVGO shares are declining as part of the broader semiconductor sector pullback following Micron's earnings.
AVGO is part of the semiconductor sector, which is seeing a pullback. The decline is sector-wide, not specific to AVGO.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
LRCX is experiencing a decline as part of the semiconductor sector's pullback after Micron's earnings.
LRCX is part of the semiconductor sector, which is experiencing a pullback. The decline is sector-wide, not specific to LRCX.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
MRVL shares are declining as part of the broader semiconductor sector pullback following Micron's earnings.
MRVL is part of the semiconductor sector, which is seeing a pullback. The decline is sector-wide, not specific to MRVL.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
NVDA is experiencing a decline as part of the semiconductor sector's pullback after Micron's earnings.
NVDA is part of the semiconductor sector, which is experiencing a pullback. The decline is sector-wide, not specific to NVDA.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
TSM shares are declining as part of the broader semiconductor sector pullback following Micron's earnings.
TSM is part of the semiconductor sector, which is seeing a pullback. The decline is sector-wide, not specific to TSM.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50