TSM - How Does The Semiconductor Index Trend Compare To Nasdaq? Analyst Opines | Benzinga
Piper Sandler analyst Harsh V. Kumar noted that last week, the SOX was up 2%, while the NASDAQ and S&P were up 1% and 2%, respectively.
Starting in geopolitics, the U.S. is again cracking down on China’s Huawei Technologies Co Ltd. The government has revoked licenses to Intel Corp (NASDAQ:INTC) and Qualcomm Inc (NASDAQ:QCOM).
Kumar noted that the move forced Intel to revise its quarterly revenue guidance, while Qualcomm did not make any changes due to its low exposure to Huawei.
The analyst noted that Qualcomm only provided ...