U.S. Chip Stocks Suffering from Fragile Investor Sentiment

Dow Jones07-28 16:43

0843 GMT - U.S. chip stocks are struggling as a result of fragile investor sentiment ahead of U.S. hyperscaler earnings this week, UBS's Mark Haefele writes. Microsoft and Meta report earnings Wednesday, before Apple and Amazon report Thursday. "Uncertainty over the durability of capex and revenue growth" is hurting chip stocks, while investors worry that companies will struggle to quickly scale production of semiconductor equipment, Haefele says. Investors should look to more defensive areas of tech to diversify their holdings, including smartphone makers and data-center investment trusts. U.S. chip stocks extend losses premarket, after the chip-heavy Kospi lost 11% in Korean trade. Micron Technology falls 4.7% premarket, while Intel and Sandisk fall 3.45% and 4.5%, respectively. (josephmichael.stonor@wsj.com)

(END) Dow Jones Newswires

July 28, 2026 04:43 ET (08:43 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment