Why Did Arm and AMD Fell Over 5% on Tuesday? Blame Tech Sell off, Politics

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Why Did Arm and AMD Fell Over 5% on Tuesday? Blame Tech Sell off, Politics

Seekingalpha01-03

Arm Holdings (NASDAQ: ARM) and AMD (NASDAQ: AMD) shares fell sharply on Tuesday amid a broader sell-off in tech stocks and concerns about ongoing geopolitical issues in the semiconductor industry.ARM ...

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setia100
·01-03
Tech Bubbles are bursting ❗❓🥺
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Arm, which went public in September at $51 per share, finished last year at more than $77 per share, a gain of more than 40%.AMD finished 2023 with a gain of more than 120% as investors showered enthusiasm about its prospects in artificial intelligence. In early December, the Dr. Lisa Su-led company showed off its new MI300x AI accelerator, which it hopes will compete with Nvidia (NVDA) in the data center.At the event, the company updated its forecast for the AI accelerator market, as it now sees the total addressable market hitting $400B by 2027, up from $150B this past August.The sharp declines in Arm and AMD were part of a larger sell-off in semiconductor stocks on Tuesday, as ASML (ASML) said the Dutch government recently partially revoked an export license of some lithography systems to China.China foreign ministry spokesman Wang Wenbin reportedly responded to the move, urging the European country \"to be impartial, respect market principles and the law, take practical actions to protect the common interests of both countries and their companies and maintain the stability of international supply chains.\"ASML shares fell more than 5% on Tuesday.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":259172822478944,"gmtCreate":1704287204544,"gmtModify":1704287208586,"author":{"id":"3567852837945728","authorId":"3567852837945728","name":"setia100","avatar":"https://community-static.tradeup.com/news/5d07af59743ad001196b7aca5f1726d7","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3567852837945728","authorIdStr":"3567852837945728"},"htmlText":"Tech&nbsp;Bubbles are bursting ❗❓🥺","listText":"Tech&nbsp;Bubbles are bursting ❗❓🥺","text":"Tech Bubbles are bursting ❗❓🥺","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/259172822478944","repostId":2400893722,"repostType":2,"repost":{"id":"2400893722","kind":"highlight","pubTimestamp":1704243030,"share":"https://ttm.financial/m/news/2400893722?lang=&edition=fundamental","pubTime":"2024-01-03 08:50","market":"us","language":"en","title":"Why Did Arm and AMD Fell Over 5% on Tuesday? 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In early December, the Dr. Lisa Su-led company showed off its new MI300x AI accelerator, which it hopes will compete with Nvidia (NVDA) in the data center.</p><p>At the event, the company updated its forecast for the AI accelerator market, as it now sees the total addressable market hitting $400B by 2027, up from $150B this past August.</p><p>The sharp declines in Arm and AMD were part of a larger sell-off in semiconductor stocks on Tuesday, as ASML (ASML) said the Dutch government recently partially revoked an export license of some lithography systems to China.</p><p>China foreign ministry spokesman Wang Wenbin reportedly responded to the move, urging the European country &#34;to be impartial, respect market principles and the law, take practical actions to protect the common interests of both countries and their companies and maintain the stability of international supply chains.&#34;</p><p>ASML shares fell more than 5% on Tuesday.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Did Arm and AMD Fell Over 5% on Tuesday? 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Blame Tech Sell off, Politics\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-03 08:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4051706-why-did-arm-holdings-and-amd-stock-go-down-today><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Arm Holdings (NASDAQ: ARM) and AMD (NASDAQ: AMD) shares fell sharply on Tuesday amid a broader sell-off in tech stocks and concerns about ongoing geopolitical issues in the semiconductor industry.ARM ...</p>\n\n<a href=\"https://seekingalpha.com/news/4051706-why-did-arm-holdings-and-amd-stock-go-down-today\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","BK4567":"ESG概念","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","BK4534":"瑞士信贷持仓","BK4147":"半导体设备","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0079474960.USD":"联博美国增长基金A","LU0097036916.USD":"贝莱德美国增长A2 USD","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","BK4543":"AI","AMD":"美国超微公司","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","BK4550":"红杉资本持仓","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","BK4554":"元宇宙及AR概念","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU1951200564.SGD":"Natixis Thematics AI & Robotics Fund R/A SGD","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","ASML":"阿斯麦","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4512":"苹果概念","LU0109391861.USD":"富兰克林美国机遇基金A Acc","BK4549":"软银资本持仓","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4548":"巴美列捷福持仓","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","ARM":"ARM Holdings Ltd","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","BK4532":"文艺复兴科技持仓"},"source_url":"https://seekingalpha.com/news/4051706-why-did-arm-holdings-and-amd-stock-go-down-today","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2400893722","content_text":"Arm Holdings (NASDAQ: ARM) and AMD (NASDAQ: AMD) shares fell sharply on Tuesday amid a broader sell-off in tech stocks and concerns about ongoing geopolitical issues in the semiconductor industry.ARM fell more than 8% while AMD (AMD) lost nearly 6%, pulling back amid big gains over the past several weeks. Arm, which went public in September at $51 per share, finished last year at more than $77 per share, a gain of more than 40%.AMD finished 2023 with a gain of more than 120% as investors showered enthusiasm about its prospects in artificial intelligence. In early December, the Dr. Lisa Su-led company showed off its new MI300x AI accelerator, which it hopes will compete with Nvidia (NVDA) in the data center.At the event, the company updated its forecast for the AI accelerator market, as it now sees the total addressable market hitting $400B by 2027, up from $150B this past August.The sharp declines in Arm and AMD were part of a larger sell-off in semiconductor stocks on Tuesday, as ASML (ASML) said the Dutch government recently partially revoked an export license of some lithography systems to China.China foreign ministry spokesman Wang Wenbin reportedly responded to the move, urging the European country \"to be impartial, respect market principles and the law, take practical actions to protect the common interests of both countries and their companies and maintain the stability of international supply chains.\"ASML shares fell more than 5% on Tuesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":4,"commentSize":1,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}