Shares of semiconductor stocks are trading lower amid a possible pullback. The sector recently surged on strong earnings from Micron.
Portfolio Pulse from Benzinga Newsdesk
Semiconductor stocks are experiencing a decline following a recent surge driven by strong earnings from Micron.
September 30, 2024 | 5:49 pm
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NEUTRAL IMPACT
Micron's strong earnings previously boosted semiconductor stocks, but the sector is now seeing a pullback.
Micron's earnings were a catalyst for the recent surge in semiconductor stocks. However, the current pullback suggests that the initial positive impact is waning.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80