Express News | Shares of Semiconductor Stocks Are Trading Lower in Sympathy With Intel, Which Reported Worse-than-expected Q2 Financial Results and Issued Soft Guidance

BenzingaAug 2 11:10 ET

Chip Stocks Suffer Amid Recession Fears, High Valuations Aren't the Only Headache

Moomoo News GlobalAug 2 06:43 ET · Earnings

European chip stocks fell, following the global decline of technology stocks, due to Intel's plans to cut capital expenditures. The weak performance guidance of Microchip Technology also hit chip makers. Among chip equipment stocks, ASML Holding fell 6.3%

European semiconductor sector saw heavy losses on Friday, following the sharp decline of global technology stocks. Intel's plan to reduce capital expenditures put pressure on chip equipment companies, while Microchip Technology's weak performance guidance hit chip manufacturers. Among chip equipment stocks, ASML Holding dropped 6.3%, ASM International fell 9.5%, BE Semiconductor dropped 6.8%, and VAT Group fell 8.2%. Among chip manufacturers, Infineon Technologies fell 3.6%, STMicroelectronics fell 3.6%, Silicon Motion Technology fell 1.7%, and Nordic Semiconductor fell 6.0%. NASDAQ 100 index futures fell 1.8%, after the index fell 2.4% on Thursday.

環球市場播報Aug 2 05:14 ET

Chip Stocks Across Europe Plummet Amid Weak Chip Sentiment -- Market Talk

WSJAug 2 04:03 ET

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Moomoo NewsAug 1 20:33 ET

Express News | Shares of Chip Stocks Are Trading Lower Amid Overall Market Weakness. Recent Earnings From Large Names in the Sector May Also Be Weighing on the Sector

BenzingaAug 1 14:00 ET