22 articles tagged
Technology stocks led a broad market rally Monday, fueled by growing expectations of a Federal Reserve rate cut and positive U.S.-China diplomatic news.
Advanced Micro Devices has doubled its forecast for the AI data center market to $1 trillion and announced key partnerships, signaling a serious challenge to Nvidia.
The AI stock rally faces investor caution as tech-focused ETFs like QQQ and SMH show mixed signals. While year-to-date gains are strong, recent declines and high valuations are prompting scrutiny.
After soaring nearly 50% year-to-date, the VanEck Semiconductor ETF (SMH) is facing headwinds from market correction fears and high tech valuations.
Advanced Micro Devices (AMD) is set for a major investor update, with markets focused on its AI strategy, product roadmap, and financial forecasts.
Technology and semiconductor ETFs are experiencing strong growth, with the QQQ up 24% and the SMH up 49% year-to-date, driven by AI optimism and solid earnings.
Skyworks Solutions has agreed to acquire Qorvo in a cash-and-stock deal valued at around $22 billion, a major consolidation in the semiconductor industry.
Cadence Design Systems reported Q3 earnings that beat expectations but issued a conservative Q4 forecast, causing its stock to fall in after-hours trading.
Micron Technology's stock dipped from a record high following reports that it will halt server chip sales to data centers in China due to a government ban.
Taiwan Semiconductor Manufacturing Company (TSMC) reported September sales that beat forecasts, signaling continued strong demand for AI chips from clients like Nvidia and Broadcom.
Broadcom shares surged over 10% after the company announced a multiyear deal to supply custom AI processors and networking technology to OpenAI.
ASML, the sole provider of critical EUV lithography machines, faces scrutiny ahead of its Oct. 15 earnings report amid a high valuation and geopolitical risks.
