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Intel Stock Falls After Weak Q2 Results, New Cost Reduction Plan, 15% Headcount Reduction (CORRECTED)
Monday, August 26, 2024 - 12:28pm | 518Editor’s note: This story has been updated to correct a third-quarter earnings estimate for Intel. Intel Corp (NASDAQ:INTC) shares are down after the company reported its second-quarter financial results Thursday. Here's a look at what to know. The Details: Intel reported quarterly earnings...
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This Semiconductor Stock Holds 30% Upside: Analyst
Wednesday, August 21, 2024 - 2:47pm | 519Texas Instruments Inc (NASDAQ:TXN) might be gearing up for a substantial upside. Citigroup increased its price target for its stock from $200 to $235. Analyst Christopher Danely upgraded the stock from Neutral to Buy. Additionally, JPMorgan analyst Harlan Sur has outlined a potential 30% surge in...
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Nvidia AI Dominance Challenged By Asian Startups Betting On Energy-Efficient And Cost-Effective Silicon — 'Inference' And 'Training' Chips Emerge As Key Focus
Thursday, August 15, 2024 - 11:37pm | 864In a bid to challenge NVIDIA Corp. (NASDAQ:NVDA)’s AI dominance, Asian startups are developing more energy-efficient and cost-effective chips for specific artificial intelligence applications. What Happened: Asian startups are challenging Nvidia’s AI dominance by developing more energy-...
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Apple, Nvidia Supplier TSMC Rises In Premarket Following Stellar 45% Revenue Boost In July Amid Strong AI Chip Demand
Friday, August 9, 2024 - 5:40am | 419Apple, Nvidia supplier, Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) is experiencing a significant uptick in Friday’s pre-market trading following the announcement of its impressive July 2024 revenue figures. What Happened: The semiconductor giant reported a consolidated revenue of...
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Nvidia Shares Are Trading Lower: What You Need To Know
Wednesday, August 7, 2024 - 4:14pm | 526NVIDIA Corporation (NASDAQ:NVDA) shares are trading lower on Wednesday, reflecting a broader downturn in the technology sector. Semiconductor and chip stocks are experiencing declines, potentially influenced by the performance of Super Micro Computer Inc. (NASDAQ:SMCI) following its quarterly...
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Broadcom Shares Are On The Move: What You Need To Know
Monday, August 5, 2024 - 4:13pm | 449Broadcom Inc. (NASDAQ:AVGO) shares are trading lower Monday amid a broader market sell-off driven by global economic concerns. Here’s what you need to know. What To Know: The company is set to announce its third-quarter fiscal year 2024 financial results on Thursday, Sept. 5 2024, with an...
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Stock Of The Day: Where — And When — Will NVIDIA Sell-Off End?
Friday, August 2, 2024 - 3:03pm | 549In the stock market, when there is a large amount of trading at a particular price, it tends to make that price important. There will be many traders and investors who bought or sold there, so if a stock trends one way or the other and then reverses, eventually returning to the price, many...
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Why Applied Materials (AMAT) Stock Is Falling
Friday, August 2, 2024 - 10:54am | 676Applied Materials, Inc. (NASDAQ:AMAT) shares are trading lower by 6.5% to $183.64 during Friday’s session. Shares of semiconductor stocks are trading lower in sympathy with Intel Corp, which reported worse-than-expected second-quarter financial results. Applied Materials shares have...
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Jim Cramer Says Tyler Has 'A Stellar Reputation,' Won't Overlook Taiwan Semiconductor 'Political Risk'
Friday, August 2, 2024 - 8:42am | 377On CNBC's “Mad Money Lightning Round,” Jim Cramer said Wells Fargo & Company (NYSE:WFC) is a buy right here. On July 23, the San Francisco-based company announced a 14% increase in quarterly dividend to 40 cents from 35 cents per share. Tyler Technologies, Inc. (NYSE:TYL) is a...
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IBM-Backed Japanese Startup Rapidus To Begin Test Production Of 2-Nanometer Semiconductors In April, Revitalizing Japan's Chip Industry
Friday, August 2, 2024 - 6:27am | 806Japanese startup Rapidus, backed by IBM (NYSE:IBM), is set to commence test production of the country’s most advanced semiconductors in April. What Happened: The development is a direct result of a phone call from IBM, which sought to mass-produce its newly designed 2-nanometer chips in Japan...
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AMD's Q2 Earnings: 9 Analysts Remain Positive On Long-Term Prospects, AI Optimism Tempered By Cost Concerns
Wednesday, July 31, 2024 - 2:26pm | 1071Advanced Micro Devices, Inc. (NASDAQ:AMD) saw its shares surge in its stock price following its second-quarter earnings report, which exceeded expectations. The semiconductor giant reported earnings of $0.69 per share, surpassing the consensus estimate of $0.68, and sales of $5.835 billion, also...
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AMD Partners With Microsoft, Meta, And Google On New AI Accelerator Link Standard To Challenge Nvidia's Dominance
Wednesday, July 31, 2024 - 12:50am | 791Advanced Micro Devices Inc. (NASDAQ:AMD) has teamed up with Microsoft Corp. (NASDAQ:MSFT), Meta Platforms Inc. (NASDAQ:META), and Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) to develop a new AI accelerator standard, a move that could potentially disrupt the AI hardware market. What Happened: The new...
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Dell, Nvidia, AMD Stocks Tumble As Semiconductor Rally Stalls
Tuesday, July 30, 2024 - 2:25pm | 573For the first half of 2024, computer and semiconductor names like Dell Technologies Inc (NYSE:DELL), NVIDIA Corp (NASDAQ:AMD) and Advanced Micro Devices Inc (NASDAQ:AMD) could no wrong. Hype around artificial intelligence and heightened demand for chips helped push share prices higher, creating...
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Mark Zuckerberg Family Office-Backed Google Translate Rival DeepL Expands Language Offerings With Traditional Chinese Targeting Baidu, Tencent
Wednesday, July 24, 2024 - 12:33am | 802DeepL, a prominent artificial intelligence translation startup from Germany, introduced traditional Chinese as a new language option. This move aims to enhance its footprint in Asia. What Happened: The Cologne-based company, valued at $2 billion, primarily targets businesses with its...
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NXP Semiconductors Q2 Earnings: Revenue Beat, EPS Miss — 'NXP Has Successfully Navigated The Cyclical Trough ... And We Expect To Resume Sequential Growth'
Monday, July 22, 2024 - 4:55pm | 401NXP Semiconductors N.V. (NASDAQ:NXPI) reported second-quarter financial results after the bell on Monday. Here’s a rundown of the report. Q2 Earnings: NXP said second-quarter revenue decreased 5% year-over-year to $3.127 billion, beating analyst estimates of $3.125 billion. The company...