Semiconductor Stocks Tanked Last Week Led By Nvidia's 13.6% Decline

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An Introduction

A sharp selloff engulfed the semiconductor sector last week with all 15 stocks in our munKNEE Semiconductor Portfolio going down 10.3%, on average, with its constituents declining anywhere from -7.7% (KLAC) to -13.6% (NVDA). It was all initiated last Friday by Super Micro Computer (SMCI) which stirred unrest when it withheld its customary preliminary earnings data and dropped 22.8% on the day.


The munKNEE Semiconductor Index

All 30 stocks in the the iShares Semiconductor ETF (SOXX) have been analyzed as to their PEG (current stock price-to-projected 1-year earnings growth) ratios and the consensus ratings and price targets of the Wall Street analysts covering the stocks and 15 are highlighted below as to their performances last week, in ascending order, along with the latest news, commentary, and/or analysis on each, where applicable.

  1. Nvidia (NVDA): DOWN 13.6% last week
  2. Micron Technology (MU): DOWN 12.9% last week
  3. MKS Instruments (MKSI): DOWN 11.8% last week
    • latest news, commentary and/or analysis: None
  4. Marvell Technology (MRVL): DOWN 11.4% last week
  5. ASML Holding (ASML): DOWN 10.6% last week
  6. Broadcom (AVGO): DOWN 10.4% last week
  7. Taiwan Semiconductor (TSM): DOWN 10.4% last week
  8. Advantest Corp. (ATEYY): DOWN 10.3% last week
    • latest news, commentary and/or analysis: None
  9. Advanced Micro Devices (AMD): DOWN 10.2% last week
  10. Monolithic Power Systems (MPWR): DOWN 10.1% last week
    • latest news, commentary and/or analysis: None
  11. Lam Research (LRCX): DOWN 9.1% last week
    • latest news, commentary and/or analysis: None
  12. Applied Materials (AMAT): DOWN 8.7% last week
    • latest news, commentary and/or analysis: None
  13. Entegris (ENTG): DOWN 8.0% last week
    • latest news, commentary and/or analysis: None
  14. Qualcomm (QCOM): DOWN 8.0% last week
    • latest news, commentary and/or analysis: None
  15. KLA Corporation (KLAC): DOWN 7.7% last week
    • latest news, commentary and/or analysis: None


In Summary

As mentioned in the introduction, all 15 stocks in our munKNEE Semiconductor Portfolio went DOWN 10.3%, on average, last week but the portfolio remains UP 11.1% YTD.


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Disclosure: None

This article has been composed with the exclusive application of the human intelligence (HI) of the author. No artificial intelligence (AI) technology has been deployed. ...

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