China’s domestic chip production is managing impressive feats regardless of U.S. restrictions. CPU developer Loongson announced to shareholders that its upcoming 3C6000/3D6000/3E6000 series of server-grade processors had been successfully sampled and returned and that these first chips are now being tested. Loongson plans to release the 3C6000 line in Q4 2024, exactly matching its roadmap. […]
S&P 500, Nasdaq 100 Dip From Record Highs As Investors Take Chipmaker Profits; Energy Sector Rebounds, Yields Rise: What’s Driving Markets Thursday? After the Juneteenth holiday break, Wall Street reopened with a cautious tone, as the S&P 500 and Nasdaq 100 indices declined after hitting all-time highs around midday trading in New York. This decline […]
By August of last year, Nvidia’s stock was substantially overvalued by most metrics. Now? The problem has nearly tripled. Nvidia’s market cap had risen threefold to more than $1.2 trillion since the start of 2023, to notch the biggest short-term valuation jump in the history of capital markets, a rampage that drove its P/E multiple, […]
(Reuters) – Tech conglomerate Broadcom raised its annual revenue forecast on Wednesday, betting on higher demand for its networking equipment and custom chips from businesses investing in artificial intelligence infrastructure. Shares of the Palo Alto, California-based company, which also unveiled a stock split, rose more than 9% in extended trading. The company will carry out […]
(Reuters) – Tech conglomerate Broadcom raised its annual revenue forecast on Wednesday, betting on higher demand for its networking equipment and custom chips from businesses investing in artificial intelligence infrastructure. Shares of the Palo Alto, California-based company, which also unveiled a stock split, rose more than 9% in extended trading. The company will carry out […]
JERUSALEM (Reuters) – Intel Corp is halting plans for a $25-billion factory in Israel, Israeli financial news website Calcalist said on Monday, in a report that the chipmaker did not confirm or deny. The U.S. company, asked about the report, cited the need to adapt big projects to changing timelines, without directly referring to the […]
Nvidia’s 10-for-1 stock split goes into effect on Monday, giving investors nine additional shares for every one that they already own. Nvidia’s stock price has more than doubled this year after more than tripling in 2023 and it’s now the third most valuable company in the S&P 500. The meteoric ride allowed Nvidia to briefly […]
(Reuters) – Air Liquide will invest $250 million on a new industrial gas plant in Idaho to supply U.S. chipmaker Micron Technology with ultra-pure nitrogen and other gases. Semiconductor companies have been boosting production capacity on expected growing demand for chips used in virtually all electronics. “This investment will support the production of leading-edge memory […]
Semiconductors are at the heart of the AI revolution, and with chipmakers leading the charge, it raises questions about the implications for nations reliant on international chip manufacturers. Christopher Miller, assistant professor of international History at Tufts University, joins Market Domination Overtime to discuss the landscape of chip manufacturing. Miller notes that the leading chipmakers […]
Nvidia’s chipmaker Taiwan Semiconductor Manufacturing (TSM), along with Amazon stock and Costco Wholesale (COST), headline Wednesday’s IBD Screen Of The Day, a column that focuses on top ideas in the IBD Stock Screener. X Wednesday’s stocks to watch picks come from the Stocks Funds Are Buying screen, which finds issues that mutual funds are buying. […]
SMIC Shenzhen. Semiconductor Manufacturing International Corp. (SMIC), China’s largest contract chipmaker, this week announced its financial results for the first quarter of 2023. Despite crushing US sanctions, SMIC is now the world’s second-largest pure-play foundry after TSMC. The company managed to outsell GlobalFoundries and UMC, two of the other pure-play foundries, which it used to trail […]
The launch of generative artificial intelligence (AI) application ChatGPT whipped Wall Street into a frenzy in late 2022. While the generative AI revolution is still in its early stages, chipmaker Nvidia (NASDAQ: NVDA) has already been a big winner. Nvidia was the best-performing stock in the S&P 500 last year, primarily because interest in AI drove […]