Chip Stocks Fall On Soft ASML Guidance And Reports Of US Export Curbs
Portfolio Pulse from Benzinga Newsdesk
Chip stocks experienced a decline due to ASML's soft guidance and reports of potential US export curbs. This has affected companies like AMD, NVDA, and ETFs such as SMH.
October 15, 2024 | 2:40 pm
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NEGATIVE IMPACT
AMD's stock is likely to be negatively impacted by the overall decline in chip stocks due to ASML's soft guidance and potential US export curbs.
AMD, as a major player in the chip industry, is likely to be affected by the negative sentiment surrounding ASML's guidance and potential US export restrictions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
NVIDIA's stock is expected to be negatively affected by the decline in chip stocks due to ASML's guidance and US export curbs.
NVIDIA, being a significant player in the semiconductor market, is likely to experience stock pressure due to the broader industry impact from ASML's guidance and export curbs.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The VanEck Semiconductor ETF (SMH) is likely to be negatively impacted by the overall decline in chip stocks following ASML's guidance and US export curbs.
SMH, which tracks semiconductor stocks, is expected to decline as the sector faces negative sentiment from ASML's guidance and potential export restrictions.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60