A brief rundown on what has been happening today as the market crashes from S.A. I think Intel is the only tech stock that I have some of that is up.
Semis slide on rough weak of misses, warnings
Oct. 26, 2018 11:59 AM ET|By: Brandy Betz, SA News Editor
Semi equipment names slide as a rough week got harder after Western Digital’s earnings report included a flash pricing warning. The Philadelphia Semiconductor Index is down 1.7%.
Other semi headwinds this week: Bellwethers Texas Instruments ( TXN -1.5%) and STMicroelectronics ( STM) printed earnings misses with weak guidance. AMD( AMD -8%) missed on revenue due to soft GPU sales as the cryptocurrency demand hit bottom, which also took Nvidia along for the ride ( NVDA -3.7%). Xilinx ( XLNX +0.5%) was one of the exceptions, posting earnings beats and an upside guides, and is one of the few semi names in the green today.
Semi equipment names on the move: Applied Materials ( AMAT), ASML ( ASML -1.2%), KLA-Tencor ( KLAC -1%), Ichor ( ICHR +0.6%), Lam Research ( LRCX -0.9%), Ultra Clean Holdings ( UCTT -1%), Brooks Automation ( BRKS -1.4%), AXT ( AXTI -2.6%), Nanometrics ( NANO -2.3%), Nova Measuring Instruments ( NVMI -1.4%), Axcelis Technologies ( ACLS -2.2%), Ambarella ( AMBA -1.6%), Universal Display ( OLED -1.9%), Synopsys ( SNPS -2%), and Teradyne ( TER -0.5%).
Previously: STMicroelectronics -10% on Q3 results, downside guide, TI pressure (Oct. 24)
Previously: Texas Instrument drops after Q3 revenue miss on processor weakness (Oct. 23)
Previously: Analysts adjust AMD targets, comment on that revenue miss (Oct. 25)
Previously: Western Digital -7% on Q1 misses, flash pricing warning (Oct. 25)
Previously: Western Digital will reduce CY19 wafer output by up to 15% (Oct. 25)
Previously: Analysts downgrade WDC on flash; Micron and Seagate shares drop (Oct. 26)
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