Shares of semiconductor stocks are trading higher in sympathy with Taiwan Semiconductor, which reported better-than-expected earnings and issued strong guidance.
Portfolio Pulse from Benzinga Newsdesk
Semiconductor stocks are experiencing a rise in share prices following Taiwan Semiconductor's positive earnings report and strong future guidance.
October 17, 2024 | 12:40 pm
News sentiment analysis
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POSITIVE IMPACT
Analog Devices (ADI) shares are likely to benefit from the positive sentiment in the semiconductor sector following Taiwan Semiconductor's strong earnings.
ADI, as a semiconductor company, is likely to see positive sentiment spillover from Taiwan Semiconductor's strong performance.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Applied Materials (AMAT) shares are expected to rise due to positive sector sentiment from Taiwan Semiconductor's earnings.
AMAT, being in the semiconductor industry, is likely to benefit from the positive sentiment following Taiwan Semiconductor's earnings.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Advanced Micro Devices (AMD) shares are likely to rise in response to the positive sentiment in the semiconductor sector.
AMD, as a major player in the semiconductor industry, is expected to benefit from the positive sentiment following Taiwan Semiconductor's earnings.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
ASML Holding shares are expected to benefit from the positive sentiment in the semiconductor sector.
ASML, being a key supplier in the semiconductor industry, is likely to see positive sentiment spillover from Taiwan Semiconductor's strong performance.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Broadcom (AVGO) shares are likely to rise due to positive sentiment in the semiconductor sector.
AVGO, as a semiconductor company, is expected to benefit from the positive sentiment following Taiwan Semiconductor's earnings.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
GlobalFoundries (GFS) shares are expected to rise in response to the positive sentiment in the semiconductor sector.
GFS, being in the semiconductor industry, is likely to benefit from the positive sentiment following Taiwan Semiconductor's earnings.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Intel (INTC) shares are likely to rise due to positive sentiment in the semiconductor sector.
INTC, as a major player in the semiconductor industry, is expected to benefit from the positive sentiment following Taiwan Semiconductor's earnings.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
KLA Corporation (KLAC) shares are expected to benefit from the positive sentiment in the semiconductor sector.
KLAC, being a key supplier in the semiconductor industry, is likely to see positive sentiment spillover from Taiwan Semiconductor's strong performance.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Lam Research (LRCX) shares are likely to rise due to positive sentiment in the semiconductor sector.
LRCX, as a semiconductor company, is expected to benefit from the positive sentiment following Taiwan Semiconductor's earnings.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Lattice Semiconductor (LSCC) shares are expected to rise in response to the positive sentiment in the semiconductor sector.
LSCC, being in the semiconductor industry, is likely to benefit from the positive sentiment following Taiwan Semiconductor's earnings.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Microchip Technology (MCHP) shares are likely to rise due to positive sentiment in the semiconductor sector.
MCHP, as a semiconductor company, is expected to benefit from the positive sentiment following Taiwan Semiconductor's earnings.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Marvell Technology (MRVL) shares are expected to benefit from the positive sentiment in the semiconductor sector.
MRVL, being in the semiconductor industry, is likely to benefit from the positive sentiment following Taiwan Semiconductor's earnings.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Micron Technology (MU) shares are likely to rise due to positive sentiment in the semiconductor sector.
MU, as a major player in the semiconductor industry, is expected to benefit from the positive sentiment following Taiwan Semiconductor's earnings.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
NVIDIA (NVDA) shares are expected to benefit from the positive sentiment in the semiconductor sector.
NVDA, being a key player in the semiconductor industry, is likely to see positive sentiment spillover from Taiwan Semiconductor's strong performance.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
NXP Semiconductors (NXPI) shares are likely to rise due to positive sentiment in the semiconductor sector.
NXPI, as a semiconductor company, is expected to benefit from the positive sentiment following Taiwan Semiconductor's earnings.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
ON Semiconductor (ON) shares are expected to rise in response to the positive sentiment in the semiconductor sector.
ON, being in the semiconductor industry, is likely to benefit from the positive sentiment following Taiwan Semiconductor's earnings.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Qualcomm (QCOM) shares are likely to rise due to positive sentiment in the semiconductor sector.
QCOM, as a major player in the semiconductor industry, is expected to benefit from the positive sentiment following Taiwan Semiconductor's earnings.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
STMicroelectronics (STM) shares are expected to benefit from the positive sentiment in the semiconductor sector.
STM, being in the semiconductor industry, is likely to benefit from the positive sentiment following Taiwan Semiconductor's earnings.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Tower Semiconductor (TSEM) shares are likely to rise due to positive sentiment in the semiconductor sector.
TSEM, as a semiconductor company, is expected to benefit from the positive sentiment following Taiwan Semiconductor's earnings.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50