Here''s Why Micron, TSMC, AMD, Nvidia, Qualcomm And Other Chipmakers Are Trading Lower Premarket
Chipmaking stocks are bleeding post Micron Technology, Inc''s (NASDAQ: MU ) cautious Q4 guidance . Piper Sandler saw DRAM, and NAND pricing decline, affecting Micron as mobile and notebook end-markets face continued weakness based on inSpectrum''s June monthly memory contract pricing data. Piper Sandler also shared how semiconductor equipment stocks may become range-bound in a decelerating or declining memory CAPEX environment. It pointed out Lam Research Corp (NASDAQ: LRCX ) with higher relative exposure to memory CAPEX, followed by Applied Materials, Inc (NASDAQ: AMAT ), KLA Corp (NASDAQ: KLAC ), and ASML Holding N.V. (NASDAQ: ASML ). Piper Sandler
Here''s Why Micron, TSMC, AMD, Nvidia, Qualcomm And Other Chipmakers Are Trading Lower Premarket
Chipmaking stocks are bleeding post Micron Technology, Inc''s (NASDAQ: MU ) cautious Q4 guidance . Piper Sandler saw DRAM, and NAND pricing decline, affecting Micron as mobile and notebook end-markets face continued weakness based on inSpectrum''s June monthly memory contract pricing data. Piper Sandler also shared how semiconductor equipment stocks may become range-bound in a decelerating or declining memory CAPEX environment. It pointed out Lam Research Corp (NASDAQ: LRCX ) with higher relative exposure to memory CAPEX, followed by Applied Materials, Inc (NASDAQ: AMAT ), KLA Corp (NASDAQ: KLAC ), and ASML Holding N.V. (NASDAQ: ASML ). Piper Sandler