Here are the most important news items that investors need to start their trading day: 1. Climbing Stocks continued their gains on Monday ahead of a Federal Reserve meeting and the release of major corporate earnings. The S&P 500 climbed 0.32% while the Nasdaq Composite and Dow Jones Industrial Average rose 0.35% and 0.38%, respectively. … Read more
An Amazon worker walks past his Amazon Prime delivery truck in Washington, DC, on February 19, 2022. Stefani Reynolds | Afp | Getty Images Check out the companies making headlines in extended trading. Amazon — Shares gained nearly 2% after the company beat on both top and bottom lines. Amazon posted earnings of 98 cents … Read more
Lisa Su, president and CEO of AMD, talks about the AMD EPYC processor during a keynote address at the 2019 CES in Las Vegas, Nevada, U.S., January 9, 2019. Steve Marcus | Reuters AMD reported first-quarter earnings and sales on Tuesday that were slightly ahead of Wall Street expectations, and provided an in-line forecast for … Read more
Intel CEO Pat Gelsinger speaks while showing silicon wafers during an event called AI Everywhere in New York, Thursday, Dec. 14, 2023. Seth Wenig | AP Intel’s long-awaited turnaround looks farther away than ever after the company reported dismal first-quarter earnings. Investors pushed the shares down 10% on Friday to their lowest level of the … Read more
Google CEO Sundar Pichai and Apple CEO Tim Cook listen as India’s prime minister, Narendra Modi, speaks during a meeting with senior officials and CEOs of American and Indian companies, in the White House in Washington, D.C., on June 23, 2023. Brendan Smialowski | AFP | Getty Images The ironclad relationship that India Prime Minister … Read more
Investing in semiconductors may be the most efficient way to play the artificial intelligence boom, according to VanEck’s CEO. “Semiconductors have become the heart of the AI trade,” Jan van Eck told CNBC’s “ETF Edge” this week. His firm’s VanEck Semiconductor ETF (SMH), which tracks 25 of the biggest chipmakers in the country, is up … Read more
Workers at Carl Zeiss ZMT are seen outside giant vacuum chambers where optical systems for ASML’s new High NA EUV tool are tested. ASML Chip stocks fell on Wednesday after ASML, a key developer of semiconductor manufacturing equipment, said that bookings fell by 61% sequentially during the first quarter, a steeper drop than investors had … Read more
POLAND – 2023/07/31: In this photo illustration an AMD logo seen displayed on a smartphone with stock market percentages on a laptop screen. (Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images U.S. chip design firm Advanced Micro Devices on Tuesday unveiled new processors to power artificial intelligence-enabled … Read more
Semiconductors are a key focus in the technology trade war taking place between the U.S. and China. William_potter | Istock | Getty Images Shares of Advanced Micro Devices and Intel dipped on Friday after The Wall Street Journal reported that China is ordering the country’s largest telecommunications carriers to cease use of foreign chips. Chinese … Read more
US-China chip war graphic Wong Yu Liang | Moment | Getty Images China remains an essential market for most American chipmakers despite Washington’s efforts to restrict chip sales to the country and amid Beijing’s push for self sufficiency in the semiconductor sector. Data from S&P Global showed that U.S. chip giants Intel, Broadcom, Qualcomm and Marvell Technology … Read more
