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Nvidia, Taiwan Semiconductor, AMD, Rumble, And Tesla: Why These 5 Stocks Are On Investors' Radars Today
Monday, December 23, 2024 - 10:08pm | 574The U.S. stock market ended in the green on Monday. The Nasdaq Composite gained over 100 points, reflecting a nearly 1% increase to 19,764.88. Meanwhile, the Dow Jones Industrial Average saw an increase of 0.2%, closing at 42,906.95. The S&P 500 also experienced a rise, gaining 0.7% to reach 5,...
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Biden Administration Initiates Trade Probe On Chinese 'Legacy' Chips
Monday, December 23, 2024 - 7:58am | 534The Biden administration has launched a trade investigation into Chinese-produced “legacy” semiconductors. This action, announced on Monday, could pave the way for higher U.S. tariffs on these essential components used in numerous consumer products. What Happened: The “Section 301...
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Broadcom Sees 4X Surge In AI Chip Sales, Fueling 44% Revenue Growth To Record $51.6 Billion In 2024: CEO Expects Momentum To Remain 'Strong'
Friday, December 13, 2024 - 7:46am | 660Broadcom Inc. (NASDAQ:AVGO) stock rose over 14.4% in premarket on Friday after the management in its earnings call said that they saw a four-fold increase in AI connectivity revenue driven by Tomahawk and Jericho shipments. The management highlighted a significant reduction in VMware spending in...
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Apple Spark Hope For America's Semiconductor Comeback: Key Supplier TSMC Reportedly Begins Producing Chips In US For iPhone Maker
Wednesday, October 16, 2024 - 9:08am | 521Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM), the leading global chipmaker, has reportedly started manufacturing A16 chips for Apple Inc. at its Phoenix, Arizona facility. This move is part of the U.S. strategy to enhance domestic semiconductor production. What Happened: Two sources...
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Wolfspeed Stock Is Ripping Higher Tuesday: Here's Why
Tuesday, October 15, 2024 - 12:30pm | 468Wolfspeed Inc (NYSE:WOLF) shares are trading higher Tuesday after the company announced new proposed funding under the CHIPS and Science Act. What Happened: Wolfspeed and the U.S. Department of Commerce signed a non-binding preliminary memorandum of terms for up to $750 million in...
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Intel Has A New Knight In Shining Armor? After Qualcomm, Apollo Global Management Reportedly Proposes Multibillion-Dollar Investment
Monday, September 23, 2024 - 1:54am | 403Apollo Global Management Inc. (NYSE:APO) has reportedly been considering a multibillion-dollar investment in Intel Corp. (NASDAQ:INTC). What Happened: Apollo has proposed to make an equity-like investment of up to $5 billion in Intel, reported Bloomberg, citing people familiar with the matter. As...
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Qualcomm Reportedly Eyes Potential Takeover Of Intel Amid 60% Stock Decline, But Antitrust Concerns Loom
Friday, September 20, 2024 - 11:33pm | 699Chip giant Qualcomm Inc. (NASDAQ:QCOM) reportedly approached its struggling competitor Intel Corp. (NASDAQ:INTC) for a possible takeover. What Happened: Qualcomm’s takeover attempt was in recent days, which if it goes through, would be monumental given Intel’s market value of...
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Intel Bags $3.5B Contract To Produce Chips For Pentagon: Report
Saturday, September 14, 2024 - 4:02am | 399Intel Corp. (NASDAQ:INTC) has reportedly secured a $3.5 billion contract to manufacture semiconductors for the U.S. military. What Happened: Chip maker Intel has been granted up to $3.5 billion in federal funds to produce advanced chips for military and intelligence use, reported Bloomberg, citing...
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iPhone 16 To Feature Arm's Next-Gen AI Chip Technology, What You Should Know About Apple's Move
Monday, September 9, 2024 - 2:29am | 632The upcoming iPhone 16 series from Apple Inc. (NASDAQ:AAPL) will be powered by ARM Holdings (NASDAQ:ARM) latest chip technology, designed to improve AI capabilities. What Happened: The new iPhone will be launched on Monday during the “Glowtime” event, featuring a...
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Mark Zuckerberg's Meta Abandons Custom Chip Development For Orion AR Glasses: Report
Wednesday, August 28, 2024 - 4:24am | 613Mark Zuckerberg-led Meta Platforms Inc. (NASDAQ:META) has reportedly decided to discontinue its custom chip development for its upcoming augmented reality glasses. What Happened: The in-house chip development was considered too costly and not in line with the company’s current business...
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Nvidia's High-Tech AI Chips Reach Xi Jinping's Military, Sidestepping US Trade Restrictions: Report
Monday, August 5, 2024 - 7:31am | 644Advanced AI chips from Nvidia Corporation (NASDAQ:NVDA) are reportedly making their way into China, despite a U.S. blockade, potentially aiding the Chinese military’s technological progress. What Happened: A group of smugglers is allegedly bypassing the U.S. national security blockade to...
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In Nvidia And AMD ARM PC Race, Lisa Su Optimistic About Product Positioning Despite Market Underrepresentation: 'We Take All Of Our Competition Very Seriously'
Tuesday, July 30, 2024 - 10:10pm | 662Advanced Micro Devices, Inc. (NASDAQ:AMD) CEO Lisa Su, on Tuesday, acknowledged the company’s underrepresentation in the PC market but expressed confidence in its product positioning. What Happened: During AMD’s second-quarter earnings call, Su responded to a question from Deutsche Bank...
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Nvidia, Ford, Chipotle, Viking Therapeutics, Tesla: Why These 5 Stocks Are On Investors' Radars Today
Wednesday, July 24, 2024 - 10:40pm | 601On Wednesday, major U.S. indices closed significantly lower. The Dow Jones Industrial Average fell 1.25% to 39,853.87, the S&P 500 dropped 2.3% to 5,427.13, and the Nasdaq declined 3.6% to 17,342.41. These are the top stocks that gained the attention of retail traders and investors throughout...
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After Donald Trump's Recent Taiwan Statement Sent Shockwaves, Japan's PM Kishida Reveals New Bill To Boost AI And Chipmaking With Domestic Investment
Wednesday, July 24, 2024 - 5:40am | 638Prime Minister Fumio Kishida of Japan stated that his government is formulating legislation aimed at augmenting domestic investment in AI and semiconductor production. What Happened: The proposed bill, which is expected to be presented to the Diet shortly, is designed to bolster research,...
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Samsung's Push For Nvidia To Adopt High-Bandwidth Memory Comes Under Cloud As Workers Declare Indefinite Strike — Global Tech Production At Risk
Tuesday, July 9, 2024 - 10:46pm | 647Workers at Samsung Electronics Co. (OTC:SSNLF) have announced an indefinite strike, escalating an ongoing pay dispute and posing a threat to global tech production. What Happened: The labor union representing over 28,000 Samsung employees declared an indefinite strike on Monday. This action...