US semiconductor sector stocks struggle
The next few weeks will be key for the semiconductor sector performance
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The US semiconductor index is down ~17% from its July peak and is trading at a key upside trendline and its 50-day moving average.
A break to the downside could make things worse and spread to the entire US stock market. Therefore, the next week or two will be key for the overall equity market performance.
Notably, even NVIDIA has been struggling in recent days and is down ~10% from its last week's peak following its mixed guidance during earnings.
More on NVIDIA Q3 earnings results in the latest market recap:
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