Chipmakers Tumble on Warnings of Worst Downturn in a Decade

Aug 10, 2022 · Chipmakers Tumble on Warnings of Worst Downturn in a Decade ... “We continue to believe we are entering the worst semiconductor downturn in at least a decade, and …

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Chip Stocks Could Plunge Another 25% As ‘we Are Entering The …

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Aug 31, 2022 · The Ratings Game Chip stocks could plunge another 25% as ‘we are entering the worst semiconductor downturn in a decade,’ analyst says Citi analyst says that the continuing …

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Chipmakers Are Flashing More Warnings On The Global Economy

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Chipmakers Tumble on Warnings of Worst Downturn in a Decade Memory chips are among the most vulnerable segments in the $500 billion semiconductor market to global economic …

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Are We entering the worst semiconductor downturn in a decade?

“We continue to believe we are entering the worst semiconductor downturn in at least a decade, and possibly since 2001 given the expectation of a recession and inventory build,” Christopher Danely, a Citigroup Inc. analyst, said in a report. ...

Why did semiconductor stocks tumble?

(Bloomberg) -- Semiconductors stocks tumbled after Micron Technology Inc. became the latest chipmaker to warn about slowing demand, triggering concern the industry is heading into a painful downturn. In the US, the Philadelphia semiconductor index sank 4.6% on Tuesday with all 30 members in the red, its biggest fall in about two months. ...

Which chip stocks got off the lightest this year?

Among major chip makers, Advanced Micro Devices Inc. AMD, -2.32% probably got off the lightest with just a slightly substandard forecast while Intel Corp.’s INTC, +1.14% report was a mess. For more on this year’s stock moves: Chip stocks tanked as pandemic demand for electronics slumped, but there are still some winners ...

Are auto and industrial chip stocks going down?

Companies that specialize in making auto and industrial chips have fared better — their stocks haven’t declined as much — across the board this year given that chip demand has persisted in these industries whose supply chains were hit the hardest by the COVID-19 pandemic. Danley expects they will, creating another leg down for chip stocks. ...

How did micron's chip production decline?

Makers of equipment used in the production of chips were among the biggest decliners on Tuesday after Micron said it plans to reduce spending on new plants and equipment in response to a drop-off in orders. Lam Research Corp. fell 7.9%, while Applied Materials sank 7.6%. ...

Did the chip sector decline during earnings season?

In a Tuesday note, Citi Research analyst Christopher Danley wrote that this earnings season marked the first since the pandemic began in which consensus estimates for the chip sector declined during earnings. ...