Trump-backed chip stocks have seen steeper losses than the semiconductor sector
FROM THE WIRE · FINANCE.YAHOO.COM
Chipmaker Intel (INTC) is putting a notable drag on the burgeoning US government investment portfolio, shaving close to $20 billion off the government's stake in the chipmaker. But it's not the only one. The Trump administration's other semiconductor investments have also…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishSteep losses in government-backed chip holdings weigh on a semiconductor sector that is already under pressure.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01GlobalFoundries, Aeluma and Wolfspeed have lost at least 40% over the past six months.
- 02The PHLX Semiconductor index is down about 18% over the same period.
- 03The government's stake in Intel has lost close to $20 billion.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
GLOBALFOUNDRIES Inc.38.56 USD+0.40%today +6.05%Negative Wolfspeed Inc.23.82 USD+0.32%today +17.02%Negative Aeluma, Inc.6.92 USD+0.80%today +15.42%Negative Intel Corp.56.60 USD-0.19%today +8.33%Neutral PHLX Semiconductor Index9,393.69+0.11%today +4.25%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets