Tech Stocks Slide as Semiconductor Index Drops 6% Despite Strong Earnings

Price ActionIndustry Impact 4
โดย GuruFocus·Read original
Summary · why it matters

Technology stocks are under pressure as the MSCI World Semiconductor Index fell 6% in July, with investors rotating away from chipmakers despite strong earnings. EPFR Global analysts noted the long-short ratio on Nasdaq 100 futures dropped 63% over the past year to a 17-year low on July 14, signaling a shift out of technology stocks. STMicroelectronics tumbled 18% after its outlook missed forecasts, while Texas Instruments declined 3% even with an upbeat outlook. Software stocks fared better, with Dassault Systemes rising on in-line results and SAP advancing after cloud revenue matched expectations. JPMorgan strategists recommended buying a call spread on the Magnificent Seven basket, citing heavily reduced positioning that could support the group if earnings hold up.

Impact on stocks 5

Information Technology± Mixed · 2 stocks
Cloud & Digital Infrastructure▲ · 1 stocks
SAP SE
SAP
▲ PositiveDemandrelevance

advanced after cloud revenue matched expectations

Semiconductors▼ · 1 stocks
Quantum Computing▲ · 1 stocks
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