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2021-05-11

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Chip stocks slip into correction territory amid tech decline

SOX chip index closes down more than 10% off April recordsChip stocks posted their worst day in two

Chip stocks slip into correction territory amid tech decline

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JLX
·2021-05-11
Yes pls
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Both the S&amp;P 500 and the Dow closed about 1% off their recent record highs.</p><p>Meanwhile, the SOX index on Monday closed down 10.2% below off its recent record closing high of 3,305.43 set on April 5. A market correction is defined as a 10% or more retreat from a recent high.</p><p>Qualcomm Inc. <a href=\"https://laohu8.com/S/QCOM\">$(QCOM)$</a> shares were among the biggest laggards in the chip sector, falling 6.5%, following reports that noted Apple Inc. <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> analyst Ming-Chi Kuo of TF International Securities told clients that the smartphone giant plans to start using its own 5G chips , paid Qualcomm nearly $5 billion in a settlement over the chips.</p><p>Intel Corp. <a href=\"https://laohu8.com/S/INTC\">$(INTC)$</a> shares finished down 3% following a downgrade from Atlantic Equities. Analyst Ianjit Bhatti downgraded Intel to underweight from neutral because he said the chip maker's plans to build out capacity, also known as \"IDM 2.0,\" didn't address the company's bleed out of market share to smaller rival Advanced Micro Devices Inc. <a href=\"https://laohu8.com/S/AMD\">$(AMD)$</a>.  Bhatti had upgraded the stock to neutral amid the surge of optimism from the appointment of Patrick Gelsinger as chief executive.</p><p>\"While IDM 2.0 may be the best long-term strategy, we believe it will drag on profitability until at least 2025, and does nothing to address continuing market share losses to AMD,\" Bhatti said.</p><p>Companies that make equipment for silicon-wafer fabricators also lagged following strong earnings a few weeks ago as chip makers pour money into capital projects amid a semiconductor shortage. Shares of KLA Corp  were all finished down 6% or more Monday.</p><p>Better-than-average performers, but still down for the day, included Nvidia Corp. <a href=\"https://laohu8.com/S/NVDA\">$(NVDA)$</a>, Taiwan Semiconductor Manufacturing Co. (2330.TW), Texas Instruments Inc. <a href=\"https://laohu8.com/S/TXN\">$(TXN)$</a>, and Broadcom Inc. <a href=\"https://laohu8.com/S/AVGO\">$(AVGO)$</a></p>","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>Chip stocks slip into correction territory amid tech decline</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChip stocks slip into correction territory amid tech decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-05-11 11:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>SOX chip index closes down more than 10% off April records</p><p>Chip stocks posted their worst day in two months Monday, falling into correction territory, as the tech sector retreated with the broader market.</p><p>The PHLX Semiconductor Index  closed down 4.7% at 2,967.11, for its worst <a href=\"https://laohu8.com/S/AONE\">one</a>-day decline since March 8, when it closed down 5.4%.</p><p>In comparison, the tech-heavy Nasdaq Composite Index  retreated 2.6%, and the S&amp;P 500 index  slipped 1% and the Dow Jones Industrial Average  slipped 0.1%. Both the S&amp;P 500 and the Dow closed about 1% off their recent record highs.</p><p>Meanwhile, the SOX index on Monday closed down 10.2% below off its recent record closing high of 3,305.43 set on April 5. A market correction is defined as a 10% or more retreat from a recent high.</p><p>Qualcomm Inc. <a href=\"https://laohu8.com/S/QCOM\">$(QCOM)$</a> shares were among the biggest laggards in the chip sector, falling 6.5%, following reports that noted Apple Inc. <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> analyst Ming-Chi Kuo of TF International Securities told clients that the smartphone giant plans to start using its own 5G chips , paid Qualcomm nearly $5 billion in a settlement over the chips.</p><p>Intel Corp. <a href=\"https://laohu8.com/S/INTC\">$(INTC)$</a> shares finished down 3% following a downgrade from Atlantic Equities. Analyst Ianjit Bhatti downgraded Intel to underweight from neutral because he said the chip maker's plans to build out capacity, also known as \"IDM 2.0,\" didn't address the company's bleed out of market share to smaller rival Advanced Micro Devices Inc. <a href=\"https://laohu8.com/S/AMD\">$(AMD)$</a>.  Bhatti had upgraded the stock to neutral amid the surge of optimism from the appointment of Patrick Gelsinger as chief executive.</p><p>\"While IDM 2.0 may be the best long-term strategy, we believe it will drag on profitability until at least 2025, and does nothing to address continuing market share losses to AMD,\" Bhatti said.</p><p>Companies that make equipment for silicon-wafer fabricators also lagged following strong earnings a few weeks ago as chip makers pour money into capital projects amid a semiconductor shortage. Shares of KLA Corp  were all finished down 6% or more Monday.</p><p>Better-than-average performers, but still down for the day, included Nvidia Corp. <a href=\"https://laohu8.com/S/NVDA\">$(NVDA)$</a>, Taiwan Semiconductor Manufacturing Co. (2330.TW), Texas Instruments Inc. <a href=\"https://laohu8.com/S/TXN\">$(TXN)$</a>, and Broadcom Inc. <a href=\"https://laohu8.com/S/AVGO\">$(AVGO)$</a></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CRCT":"Cricut, Inc.","03086":"华夏纳指","INTC":"英特尔","TERN":"Terns Pharmaceuticals, Inc.","QCOM":"高通","09086":"华夏纳指-U"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2134565516","content_text":"SOX chip index closes down more than 10% off April recordsChip stocks posted their worst day in two months Monday, falling into correction territory, as the tech sector retreated with the broader market.The PHLX Semiconductor Index  closed down 4.7% at 2,967.11, for its worst one-day decline since March 8, when it closed down 5.4%.In comparison, the tech-heavy Nasdaq Composite Index  retreated 2.6%, and the S&P 500 index  slipped 1% and the Dow Jones Industrial Average  slipped 0.1%. Both the S&P 500 and the Dow closed about 1% off their recent record highs.Meanwhile, the SOX index on Monday closed down 10.2% below off its recent record closing high of 3,305.43 set on April 5. A market correction is defined as a 10% or more retreat from a recent high.Qualcomm Inc. $(QCOM)$ shares were among the biggest laggards in the chip sector, falling 6.5%, following reports that noted Apple Inc. $(AAPL)$ analyst Ming-Chi Kuo of TF International Securities told clients that the smartphone giant plans to start using its own 5G chips , paid Qualcomm nearly $5 billion in a settlement over the chips.Intel Corp. $(INTC)$ shares finished down 3% following a downgrade from Atlantic Equities. Analyst Ianjit Bhatti downgraded Intel to underweight from neutral because he said the chip maker's plans to build out capacity, also known as \"IDM 2.0,\" didn't address the company's bleed out of market share to smaller rival Advanced Micro Devices Inc. $(AMD)$.  Bhatti had upgraded the stock to neutral amid the surge of optimism from the appointment of Patrick Gelsinger as chief executive.\"While IDM 2.0 may be the best long-term strategy, we believe it will drag on profitability until at least 2025, and does nothing to address continuing market share losses to AMD,\" Bhatti said.Companies that make equipment for silicon-wafer fabricators also lagged following strong earnings a few weeks ago as chip makers pour money into capital projects amid a semiconductor shortage. Shares of KLA Corp  were all finished down 6% or more Monday.Better-than-average performers, but still down for the day, included Nvidia Corp. $(NVDA)$, Taiwan Semiconductor Manufacturing Co. (2330.TW), Texas Instruments Inc. $(TXN)$, and Broadcom Inc. $(AVGO)$","news_type":1},"isVote":1,"tweetType":1,"viewCount":124,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":11,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":4288942,"commentId":"4288942","gmtCreate":1620708569402,"gmtModify":1680788060614,"authorId":3575719904277494,"author":{"id":3575719904277494,"idStr":"3575719904277494","authorId":3575719904277494,"name":"JLX","avatar":"https://static.tigerbbs.com/8b2b82874072af259f37b9124bc903b7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":199298964,"objectIdStr":"199298964","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Yes pls ","text":"Yes pls ","html":"Yes pls ","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}