Dow Jones futures rose slightly after hours, along with S&P 500 futures and Nasdaq futures. Nvidia (NVDA) chipmaker Taiwan Semiconductor (TSM) will announce sales data Friday. X The stock market rally had a solid Thursday, with the Dow Jones rising for a seventh straight session. Leading stocks showed bullish or constructive action. Nvidia stock fell […]
NXP Semiconductors (NXPI) late Monday beat analyst estimates for earnings and matched views on sales in the first quarter. It also provided a Q2 forecast above expectations. NXPI stock surged in extended trading. X The Netherlands-based chipmaker earned an adjusted $3.24 a share on sales of $3.13 billion in the March quarter. Analysts polled by […]
Chipmaker Marvell Technology (MRVL) on Thursday announced new business making custom AI chips for large U.S.-based cloud computing firms. But Marvell stock didn’t get much of a boost from the news. X At its “Accelerated Infrastructure for the AI Era” event in New York City, Marvell said it has added a third hyperscale cloud company […]
Semtech (SMTC) shares rallied Tuesday after an investment bank pounded the table for the beaten-down semiconductor stock. The firm called Semtech stock a “hidden gem.” X Baird analyst Tristan Gerra labeled Semtech stock a “bullish fresh pick” in a client note. He rates the stock as outperform with a price target of 40. On the […]
(Bloomberg) — Former Intel Corp. Chief Financial Officer Stacy Smith will return to the company as a board member, stepping in to help the chip pioneer with an ambitious comeback effort. Most Read from Bloomberg The 61-year-old executive will join the board as part of the audit and finance committee, Intel said in a statement […]
(Reuters) – GlobalFoundries forecast first-quarter results below Wall Street estimates on Tuesday, as the contract chipmaker faces competition from larger rivals while a supply glut persists in certain pockets of the semiconductor industry. Shares of the Malta, New York-based company fell more than 6% in premarket trading. Recent earnings from semiconductor firms have signaled continuing […]
(Reuters) – Chipmaker NXP Semiconductors forecast first-quarter profit above target and reported better-than-expected revenue for the last quarter on Monday, banking on a strong automotive market, a key consumer of its technology. Netherlands-based NXP supplies manufacturers with chips and other technologies needed for high-speed digital processing used in industries such as automotive, manufacturing, telecom and […]
Chipmaker Advanced Micro Devices (AMD) late Tuesday delivered mixed fourth-quarter results and guided lower than views for the current period. AMD stock fell in extended trading. X The Santa Clara, Calif.-based company earned an adjusted 77 cents a share on sales of $6.17 billion in the December quarter. Analysts polled by FactSet had expected AMD […]
(Reuters) – Chipmaker Advanced Micro Devices forecast first-quarter revenue below market estimates on Tuesday, as it grapples with uncertain demand for its AI server chips and a cyclical slump in sales of its programmable processors. Shares of the Santa Clara, California-based company fell nearly 6% in trading after the bell. As companies look to develop […]
Intel (INTC) will report its fourth quarter earnings after the bell on Thursday, as tech stocks continue to rally on Wall Street’s ongoing exuberance for everything artificial intelligence (AI). Intel’s announcement comes as the company seeks to push its own AI bonafides and follows the debut of its Core Ultra line of PC chips in […]