** U.S-listed shares of Arm Holdings ARM.O, Advanced Micro

Devices AMD.O, Intel INTC.O and Nvidia NVDA.O fall between

1% and 5%

    ** Analysts say worries of higher-for-longer interest rates

and profit booking after a massive rally impacting chip stocks

    ** Fed's decisions "raising fears that monetary policy could

be kept tighter for longer to the potential detriment of end

demand" - Russ Mould, investment director at AJ Bell

    ** Higher rates and geopolitical tensions likely to put

pressure on higher multiple stocks such as ARM - Angelo Zino,

senior equity analyst at CFRA Research

    ** Mixed results early into earnings season; ASML's

ASML.AS Q1 bookings missed expectations and TSMC 2330.TW

bullish on AI but lowered chip forecast outside the memory

market - Zino

    ** Profit taking likely to hit semiconductor stocks harder

than other areas of the market - Zino

    ** ARM has risen ~35% so far this year; NVDA and AMD have

risen ~69% and ~4%, respectively

(Reporting by Arsheeya Bajwa in Bengaluru)

((ArsheeyaSingh.Bajwa@thomsonreuters.com; +91 8510015800))