Shares of chip stocks are trading lower in sympathy with ASML, which fell after issuing soft guidance. Some stocks in the sector may also be down on reports indicating the US is discussing curbing chip exports to some countries.
Portfolio Pulse from Benzinga Newsdesk
Chip stocks are trading lower due to ASML's soft guidance and potential US export curbs.
October 15, 2024 | 2:39 pm
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NEGATIVE IMPACT
AMD shares are trading lower in sympathy with ASML's decline and potential US export curbs.
AMD, being a major player in the chip industry, is affected by ASML's guidance and the potential regulatory changes in US export policies.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
ASML shares fell after the company issued soft guidance, impacting the broader chip sector.
ASML's soft guidance directly led to a decline in its stock price, which in turn affected other chip stocks due to its significant role in the semiconductor industry.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Intel shares are trading lower due to ASML's guidance and potential US export restrictions.
Intel, being a major semiconductor company, is affected by the broader market reaction to ASML's guidance and potential regulatory changes.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
NVIDIA shares are impacted by ASML's soft guidance and discussions on US export curbs.
NVIDIA, as a key player in the semiconductor market, is influenced by ASML's performance and potential changes in US export regulations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70