Amkor, Penguin Solutions, and Entegris Shares Are Falling, What You Need To Know
Yahoo Finance ·
Amkor, Penguin Solutions, and Entegris Shares Are Falling, What You Need To Know Adam Hejl Thu, July 2, 2026 at 10:12 PM EDT 3 min read META PENG ENTG AMKR What Happened? A number of stocks fell in the afternoon session after the semiconductor sector pulled back amid fears that AI-driven chip demand may be cooling. The broader Philadelphia Semiconductor Index plunged over 7%, dragging down chipmakers. The negative sentiment was amplified by a warning from a Citi analyst who questioned whether large cloud platforms would continue their high rate of spending on AI infrastructure if they could not show investors the cost was generating returns. Additionally, reports of Meta's plan to sell access to its AI computing power sparked fears of future overcapacity in the industry.For two years the sector traded on an assumption of an insatiable GPU and memory shortage. If Meta, which guided to as much as $145 billion of capex for the year, has enough spare capacity to lease it out, the market reads that as a signal hyperscalers may have over-built, meaning future orders for GPUs, HBM and NAND could shrink.A secondary catalyst pressured the Koreans specifically: reports that Apple was in talks to source chips from two Chinese suppliers, raising competitive and pricing fears. Underlying all of it is profit-taking. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Semiconductor Manufacturing company Amkor(NASDAQ:AMKR) fell 13.5%.Is now the time to buy Amkor? Access our full analysis report here, it's free. Processors and Graphics Chips company Penguin Solutions(NASDAQ:PENG) fell 12.4%.Is now the time to buy Penguin Solutions? Access our full analysis report here, it's free. Semiconductor Manufacturing company Entegris(NASDAQ:ENTG) fell 13.6%.Is now the time to buy Entegris? Access our full analysis report here, it's free. Entegris's shares are extremely volatile and have had 36 moves greater than 5% over the last year. But moves this big are rare even for Entegris and indicate this news significantly impacted the market's perception of the business. The previous big move we wrote about was 2 days ago when the stock gained 4.5% on the news that analysts at Mizuho and UBS raised their price targets on the stock, reflecting an improved outlook for the semiconductor equipment market. Mizuho increased its target to $180 from $175, noting Entegris is well-positioned for an upcycle in wafer fab equipment (WFE) spending. Separately, UBS lifted its target to $205 from $185, keeping a Buy rating on the shares. The positive sentiment was supported by broader industry news. Major chipmakers like Samsung Electronics and SK Hynix announced large-scale investment plans to meet high demand for memory semiconductors, particularly for artificial intelligence (AI) applications. This expansion points to higher demand for materials suppliers like Entegris. Entegris is up 60.5% since the beginning of the year, and at $143.77 per share, it is trading close to its 52-week high of $156.44 from April 2026. Investors who bought $1,000 worth of Entegris's shares 5 years ago would now be looking at an investment worth $1,212. ALSO WORTH WATCHING: Nvidia's Quiet Partner. Nvidia's chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all. Every AI server needs specialized infrastructure the chip companies don't make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE .
DYAX Investor Sentiment
Bullish (Long) 61% · Bearish (Short) 39%
397 participants
Related News
- Warren Buffett Just Sent Investors an 11-Word Warning About the Stock Market. History Says He's Right.
- SK Hynix weighs 0.5% underwriting fee for blockbuster U.S. share sale
- Wall Street Analysts Are Predicting Something Never Seen Before, and It Should Come as a Huge Warning for Investors
- Micron Earned $24.67 Per Share Last Quarter. Its Dividend Is Still 15 Cents. Something Has to Give.
- The Rise of Active ETFs: Can Fund Managers Outperform Passive Investing?
- Largest U.S. power grid orders emergency curbs to avoid blackouts