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Nvidia Supplier SK Hynix Reports Record-Breaking Quarterly Profit As AI Demand Drives 7% Revenue Surge
Thursday, October 24, 2024 - 3:12am | 785SK Hynix (OTC:HXSCF), a major memory chipmaker and a key supplier to Nvidia Corp. (NASDAQ:NVDA), has announced a record-breaking quarterly profit, driven by the rising demand for artificial intelligence technology. What Happened: The South Korean semiconductor company posted revenues of 17.5731...
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While Nvidia Shares Are Hitting All-Time High With Over 230% Return In The Past Year, Some ETFs Linked To Jensen Huang's Chip Giant Have Surged By Almost 500%: Here's More
Wednesday, October 23, 2024 - 6:17am | 572As Nvidia Corp. (NASDAQ:NVDA) hit all-time highs with 234.09% returns in the past year, several exchange-traded funds (ETFs) associated with the Jensen Huang-led chip giant have also demonstrated remarkable growth during the same time frame, reflecting the company’s significant market...
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SoftBank-Backed Arm Threatens To Cancel Qualcomm's Chip Design License Ahead Of Trial In December
Wednesday, October 23, 2024 - 4:39am | 613Qualcomm Inc. (NASDAQ:QCOM) has been threatened by Arm Holdings Plc. (NASDAQ:ARM) with cancelation of its chip design license, leaving the San Diego-based semiconductor giant with 60 days notice. What Happened: The architectural license agreement allows Qualcomm to make its chips based on Arm...
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Nvidia Supplier TSMC Will Push Back Against ASML Rumored Price Hikes, Says Analyst — Potential Pricing Standoff Imminent In Semiconductor Industry?
Friday, October 18, 2024 - 12:21am | 634Renowned analyst Ming-Chi Kuo has forecasted a potential pricing standoff in the semiconductor industry. What Happened: On Thursday, Kuo an analyst at TF Securities took to X, formerly Twitter, and said that market rumors indicate ASML Holding (NASDAQ:ASML) could hike equipment...
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Here's Why China is Urging Its Companies to Forgo Nvidia's Chips
Sunday, September 29, 2024 - 2:31pm | 513In a move to strengthen its semiconductor industry and counter U.S. sanctions, Beijing is reportedly encouraging Chinese firms to prioritize locally produced artificial intelligence (AI) chips over those from Nvidia Corp. (NASDAQ:NVDA). What Happened: Chinese regulators are discouraging companies...
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What's Going On With Intel Stock?
Tuesday, September 24, 2024 - 1:39pm | 556Intel Corporation (NASDAQ:INTC) shares are trading higher Tuesday as investors continue to speculate on a possible takeover by Qualcomm, Inc. (NASDAQ:QCOM). The Details: Reports indicate that Qualcomm, led by CEO Cristiano Amon, is considering acquiring Intel as part of its diversification...
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Intel Shares Jump On Reports Of $3 Billion Military Chip Funding [Updated]
Monday, September 16, 2024 - 4:33pm | 428Intel Corporation (NASDAQ:INTC) shares are surging following reports that the company qualified for up to $3 billion in federal funding to produce semiconductors for U.S. military applications. The potential grant, part of the CHIPS and Science Act's Secure Enclave program, aims to secure a...
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Stock Of The Day: Where Will ARM Reversal End?
Monday, September 16, 2024 - 1:53pm | 535The best traders understand how investor and trader psychology can move stocks. If understood and applied correctly, technical analysis is a study of this psychology. The chart of Arm Holdings PLC – ADR (NASDAQ:ARM) is no exception. That's why it's our Stock of the Day. The red line on...
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Morgan Stanley Advises Shift To Defensive Stocks As AI Rally Loses Steam Following Drop In Nvidia And Others: 'We Got Overcooked On The Whole AI Theme'
Thursday, September 12, 2024 - 3:59am | 753Morgan Stanley is advising investors to pivot towards defensive stocks as the AI market loses momentum. This recommendation comes after a noticeable decline in semiconductor shares. What Happened: On Tuesday, Mike Wilson, Morgan Stanley’s chief U.S. equity strategist, told Bloomberg...
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Peter Schiff Warns Against Irrational Exuberance Toward Tech Stocks, Cryptos As Economist Cites Intel's Fall From Grace
Monday, September 9, 2024 - 8:11am | 639Intel Corp. (NASDAQ:INTC), which was once feted as the semiconductor industry titan, has fallen out of favor with customers and investors, with much of the weakness self-inflicted and the stock has amply discounted the predicament. Prominent economist Peter Schiff on Friday used the company as an...
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TSMC Tech Only 3 Years Ahead Of China's Progress, Shows Analysis — US Export Restrictions Have Minimal Impact
Monday, September 2, 2024 - 1:14am | 666An analysis of China’s semiconductor technology shows it is just three years behind Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM). What Happened: The report highlights the limited impact of U.S. export restrictions on China’s consumer chip production. Hiroharu Shimizu, CEO of TechanaLye...
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Nvidia AI Domination Is A Double-Edged Sword For Investors: 'Demand Could Outstrip Supply,' Analyst Says
Friday, August 30, 2024 - 8:47am | 604Nvidia Corp‘s (NASDAQ:NVDA) latest earnings report drew investor attention to the sustainability of AI capital expenditures (CapEx) amid delays in Nvidia's much-anticipated Blackwell GPU production. But, as JPMorgan analyst Harlan Sur puts it, "Even slight delays in Blackwell will not take...
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Are Nvidia Earnings Wall Street's Super Bowl? Super Bulls Arrange Watch Parties In New York City
Wednesday, August 28, 2024 - 2:50pm | 632Football fans have Super Bowl watch parties, Swifties get together to watch live streams of Taylor Swift’s Era's Tour and now traders are gathering to experience an earnings call live. Lauren Balik, author and owner of Upright Analytics, organized a watch party for NVIDIA Corp (NASDAQ:NVDA...
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Intel Board Member Lip-Bu Tan Reportedly Left After Disputes With CEO And Other Directors Over Company's Direction
Wednesday, August 28, 2024 - 2:22am | 546Lip-Bu Tan, a prominent board member at Intel Corp. (NASDAQ:INTC), resigned following disputes with CEO Pat Gelsinger and other directors over the company’s direction. The resignation was announced last week. What Happened: Tan, a semiconductor industry veteran, cited personal reasons for his...
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What's Going On With Taiwan Semiconductor And Nvidia Stock Tuesday?
Tuesday, August 27, 2024 - 11:15am | 573China has imposed stringent export controls on crucial semiconductor materials, severely impacting global supply chains and raising concerns about potential shortages in Western production of advanced chips and military optical hardware. The restrictions primarily affect shipments of germanium and...