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EQUITIES: Global Semiconductors Stocks

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  • Overnight the Philadelphia Stock Exchange Semiconductor Index (SOX) fell 1.20%, while the Nasdaq rose 0.63% and the Magnificent 7 rose by 1.37%, further underpinning the rally in semiconductor stocks may be slowing.
  • The weakness in the sector overnight looks to be on the back of Qualcomm's takeover interest in Intel cooling, which saw Intel's stock close down 3.30%, to be the 2nd worst performing stock in the SOX, while Monolithic Power Systems was the worst performing, falling 4.79% and now trades down 36.5% for the past month, this follows mixed earnings results on Oct 30th and continue price downgrades from analysts. While Analog Devices erased earlier gains after company reported fourth-quarter results that beat expectations however gave an outlook that is seen as mixed.
  • Asian Semiconductor stocks are also struggling today, with the BBG Semiconductor Index trading  0.60% lower, with Samsung down 2.25% and SK Hynix down 3.5%. Taiwan's TSMC is holding up well, and trades unchanged, while Hon Hai is down 1.75%.
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  • Overnight the Philadelphia Stock Exchange Semiconductor Index (SOX) fell 1.20%, while the Nasdaq rose 0.63% and the Magnificent 7 rose by 1.37%, further underpinning the rally in semiconductor stocks may be slowing.
  • The weakness in the sector overnight looks to be on the back of Qualcomm's takeover interest in Intel cooling, which saw Intel's stock close down 3.30%, to be the 2nd worst performing stock in the SOX, while Monolithic Power Systems was the worst performing, falling 4.79% and now trades down 36.5% for the past month, this follows mixed earnings results on Oct 30th and continue price downgrades from analysts. While Analog Devices erased earlier gains after company reported fourth-quarter results that beat expectations however gave an outlook that is seen as mixed.
  • Asian Semiconductor stocks are also struggling today, with the BBG Semiconductor Index trading  0.60% lower, with Samsung down 2.25% and SK Hynix down 3.5%. Taiwan's TSMC is holding up well, and trades unchanged, while Hon Hai is down 1.75%.