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        Chip stocks: A season of twists and turns
        Event Description
        Ended
        In early October, the U.S. government accelerated its ban on China's exports of advanced artificial intelligence chips, reinforcing the chip Show More
        In early October, the U.S. government accelerated its ban on China's exports of advanced artificial intelligence chips, reinforcing the chip industry's concerns about market demand.

        On October 24, $Texas Instruments (TXN.US)$ reported weak Q3 results guidance, and the $PHLX Semiconductor Index (.SOX.US)$ tumbled 4.1%, its biggest one-day drop since December 2022, and caused broader chip market declines.

        Then, on October 26th $Intel (INTC.US)$ released stronger-than-expected quarterly results and guidance, which had a positive ripple effect on the industry, thanks largely to a rebound in the PC market. In addition, demand for AI chips is also remaining strong.

        This Monday, $ON Semiconductor (ON.US)$ earnings guidance suggested the company was still facing macro pressures, such as weak demand for automobiles, and shares tumbled 22% on the day. $Lattice Semiconductor (LSCC.US)$ experienced a similar decline after its earnings release. Investors may be wary of the cyclical nature of semiconductors.


        Q:
        1. Do you believe investing in the semiconductor industry remains viable in 23Q4?
        2. Can the AI craze save these chip companies from the current unfavorable position?

        View disclosures here.
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