Shares of chip companies and semiconductor equipment stocks are trading lower on continued weakness following weak guidance from ASML.
Portfolio Pulse from Benzinga Newsdesk
Chip companies and semiconductor equipment stocks are experiencing a decline due to weak guidance from ASML.
October 16, 2024 | 7:44 pm
News sentiment analysis
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NEGATIVE IMPACT
Applied Materials (AMAT) shares are likely to be impacted negatively due to weak guidance from ASML, affecting the semiconductor equipment sector.
AMAT, being a major player in the semiconductor equipment industry, is likely to be affected by ASML's weak guidance, which signals potential challenges in the sector.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
KLA Corporation (KLAC) is expected to see a negative impact on its stock price due to ASML's weak guidance affecting the semiconductor equipment industry.
KLAC, as a semiconductor equipment company, is likely to be negatively impacted by ASML's weak guidance, indicating potential industry-wide challenges.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Lam Research (LRCX) shares are likely to be negatively affected by ASML's weak guidance, impacting the semiconductor equipment sector.
LRCX, being part of the semiconductor equipment industry, is expected to be negatively impacted by ASML's weak guidance, suggesting sector-wide difficulties.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70