Indeed, the Philadelphia Semiconductor Index (which TXN is component of) is up slightly on the year.
With a decline of near 60%, AMD is the worst performer on the Philadelphia Semiconductor Index this year.
The news from ASML prompted a 5% jump in its stock, and helped drive a 2% gain in the European Semiconductor index.
The Philadelphia Stock Exchange semiconductor index is down by around 1.3% today, erasing a little more of the 51% rally the sector had beginning August 30.
FORBES: Chip Stocks Falling Further, Micron Resists Upgrade Boost
With this in mind, the Philadelphia Semiconductor index had a relatively large fall, as it was down 2.8%, or 14.12, points to 491.49 in late-morning trading.
Hopes had been high that the worst stretch in the chip industry's history was over, as the Philadelphia Semiconductor Index surged 85% in March from its late-September low.
Shares of the Philadelphia semiconductor index, which tracks the stock performance of a handful of semiconductor companies, was down by 7.6% at the close of Monday's trading session.
The Philadelphia Semiconductor Index (SOX) ended last week at 471.46.
FORBES: Time To Book Profits On Overvalued Semiconductor Stocks
The Philadelphia Semiconductor Index is up about 17% from the July lows, but Martchev warns that "multiples in this group are extremely high" and that the stocks are very cyclical.
When you look at the weekly graph for the Philadelphia Semiconductor Index (SOX) you see that semiconductors are on the cusp of its 200-week simple moving average at 341.34 and that a trend below that key technical level indicates risk to its annual value level at 270.98.
The Proshares Ultra Semiconductors (USD) and the iShares PHLX SOX Semiconductor Sector Index Fund (SOXX) may also be impacted by the forecasts.
According to the ETF Finder at ETF Channel, NVDA makes up 4.26% of the iShares PHLX SOX Semiconductor Sector Index Fund ETF ( NASD: SOXX )which is trading up by about 0.5% on the day Friday.
According to the ETF Finder at ETF Channel, AMAT makes up 7.93% of the iShares PHLX SOX Semiconductor Sector Index Fund ETF ( NASD: SOXX )which is trading higher by about 0.5% on the day Friday.
According to the ETF Finder at ETF Channel, NVDA makes up 4.03% of the iShares PHLX SOX Semiconductor Sector Index Fund ETF ( NASD: SOXX )which is trading higher by about 2.2% on the day Wednesday.
FORBES: NVDA Makes Bullish Cross Above Critical Moving Average
According to the ETF Finder at ETF Channel, ALTR makes up 3.80% of the iShares PHLX SOX Semiconductor Sector Index Fund ETF ( NASD: SOXX )which is trading higher by about 1.3% on the day Friday.
FORBES: ALTR Makes Bullish Cross Above Critical Moving Average
According to the ETF Finder at ETF Channel, AVGO makes up 4.09% of the iShares PHLX SOX Semiconductor Sector Index Fund ETF ( NASD: SOXX )which is trading lower by about 1.3% on the day Monday.
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