- Semiconductor stocks and Apple (AAPL -1.6%) suppliers are pulling the tech industry down on today’s open after Broadcom’s (AVGO -2.1%), TSMC’s (TSM -1.8%) May revenue report, and a report that Apple could drop supplier orders by 20%. Semiconductor equipment makers remain pressured from yesterday’s analyst comment about memory push-outs.
- The Philadelphia Semiconductor Index is down 1% and the sector (NYSEARCA:XLK) is down 0.5%.
- Apple suppliers on the move: Cirrus Logic (CRUS -2.8%), Finisar (FNSR -3%), II-VI (IIVI +0.9%), Lumentum (LITE -5.4%), Qorvo (QRVO -1.4%), Skyworks Solutions (SWKS -2.5%), STMicroelectronics (STM -1.1%), Universal Display (OLED -2.2%).
- Semi equipment movers: Applied Materials (AMAT -1%), ASML (ASML -0.5%), KLA-Tencor (KLAC -1.6%), Ichor (ICHR -1.2%), Lam Research (LRCX -0.9%), Ultra Clean Holdings (UCTT -1.5%), Brooks Automation (BRKS -0.3%), AXT (AXTI -3.2%), Nanometrics (NANO -3.3%), Nova Measuring Instruments (NVMI -1.1%), Axcelis Technologies (ACLS -0.5%), Ambarella (AMBA -0.9%), Synopsys (SNPS), and Teradyne (TER -1.5%).
- Other semiconductor companies on the move: Intel (INTC -1%), Cavium (CAVM -0.9%), Analog Devices (ADI -1%), Xilinx (XLNX -1.3%), Marvell Technology (MRVL -1.7%), AMD (AMD +0.8%).
- Previously: Broadcom beats in Q2 with healthy wireless, storage growth (June 7)
- Previously: Lam Research -5.7% as analyst cautions on shipments (June 7)
- Previously: Semi equipment stocks drop on analyst warning about memory push-outs (June 7)
- Previously: TSMC -2.6% on soft May revenue (June 8)
- Previously: NAR: Apple drops iPhone parts orders by 20%; supplier stocks dip (June 8)
- Now read: Apple Just Keeps Going For Trillion: iPhone X's Paradigm Shift, Revenue Diversification, And 0 Billion In Buybacks
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