Wall Street zeroes in on semiconductors after turbulent week

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Wall Street zeroes in on semiconductors after turbulent week
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They’re closely followed for insight into the economy

U.S. semiconductor companies will get a closer look from investors in coming weeks, after diverging reports from two industry leaders abroad set off a volatile few days of trading.

Because semiconductors are key components in a broad array of products, chipmakers and related equipment companies are closely followed for insight into the economy. Wall Street also watches the stocks as indicators of overall market trends. This year, the industry has been at the center of the artificial intelligence enthusiasm powering the stock market to record highs, highlighted by massive gains for Nvidia , Europe’s biggest tech firm, projected lower-than-expected 2025 sales and bookings.

Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Study and track financial data on any traded entity: click to open the full quote page. Data updated as ofCIBC’s chief market technician on how much higher the TSX will climb over the next few months

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