Semiconductor stocks have been under pressure after former President Donald Trump expressed caution about the industry, Bloomberg reported, with the Biden administration reportedly considering ways to further restrict China’s access to semiconductor manufacturing technology, a move that could affect global suppliers like ASML Holdings Inc. Meanwhile, shares of Taiwan Semiconductor Manufacturing Co. Inc. (TSM) fell in premarket trading after President Trump questioned U.S. defense obligations to Taiwan.
Second-quarter earnings releases continue with Johnson & Johnson (JNJ) reporting before the bell. Trending stocks on Yahoo Finance include Nvidia (NVDA), GitLab (GTLB) and Shopify (SHOP).
The featured guests are:
9:10am ET – Jos Versteeg, Senior Analyst, InsingerGilissen
9:25 AM ET – Mark Spiegel, Founder of Stanfill Capital Management
10:15 AM ET – Joe Wolk, CFO of Johnson & Johnson
10:45 AM ET – Rich Greenfield, Partner and Media & Technology Analyst, LightShed Partners
11:05 AM ET – Aadil Zaman, Partner, Wall Street Alliance Group