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Why Are Chip Stocks Trading Lower On Monday?

Benzinga LogoBenzinga1w ago

Why Are Chip Stocks Trading Lower On Monday? - Benzinga

Quick Summary:

Chip stocks including Nvidia Corp (NASDAQ:NVDA), Broadcom Inc (NASDAQ:AVGO), Intel Corp (NASDAQ:INTC), Arm Holdings plc (NASDAQ:ARM), Advanced Micro Devices, Inc (NASDAQ:AMD) Credo Technology Group Holding (NASDAQ:CRDO), Lattice Semiconductor Corp (NASDAQ:LSCC), Microchip Technology Inc (NASDAQ:MCHP), Marvell Technology, Inc (NASDAQ:MRVL), MACOM Technology Solutions Holdings (NASDAQ:MTSI), Micron Technology, Inc (NASDAQ:MU), Qualcomm Inc (NASDAQ:QCOM), Qorvo, Inc (NASDAQ:QRVO), United Microelectronics Corp (NYSE:UMC) are trading lower Monday in sympathy with contract chipmaker Taiwan Semiconductor Manufacturing Co (NYSE:TSM).

Taiwan Semiconductor stock took a hit after the U.S.

The analysts noted Monolithic’s allocation to Nvidia’s Blackwell GPUs is in jeopardy due to performance problems with its Power Management ICs.


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Article Details

Author / Journalist: Anusuya Lahiri

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 17:13:09 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 346 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23524031

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About Benzinga

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 17 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 13 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

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