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Fabrinet News

Tech Reopening Plays Such as Expedia and Lyft Soar on Pfizer's Vaccine News

Tech companies seen as well-exposed to things such as travel and dining spend are rallying, as are many enterprise hardware and chip equipment stocks.

Fabrinet Slumps After Earnings Forecast Disappoints

The optical and electronic manufacturing service provider issues a fiscal first-quarter forecast below Wall Street estimates.

Tech Stocks That Look Fairly Cheap Following the Rout

Though many tech names still carry high multiples, there are now quite a few with reasonable valuations.

Verizon and Facebook spending plans give strong clues to tech earnings

This earnings season is already showing that capital spending from cloud giants remains far stronger than spending from traditional carriers. That affects quite a few hardware and chip firms.

Optical component stocks are worth a look following Finisar's tumble

Though Finisar and a couple of other component vendors have offered disappointing outlooks, strong demand from cloud giants should continue propping up the industry.

Breaking News

Twitter Stock Leaps As Elon Musk Adds More Equity To $44 Billion Takeover Bid, Closes Tesla Margin Loan

Elon Musk has closed out his margin loans, linked to Tesla shares, and pledged another $6.25 billion in equity to fund his $44 billion takeover of the social media website.

Nvidia Stock: Investors Are Buying the Dip. Where From Here?

Nvidia stock is being bought on the dip. Here's how traders should approach it now.

Macy's Stock Soars On Q1 Earning Beat, 2022 Profit Forecast Boost As Shoppers Defy Inflation Gloom

"While macroeconomic pressures on consumer spending increased during the quarter, our customers continued to shop," said CEO Jeff Gennette.

Broadcom Agrees to Buy VMware in $61 Billion Cash-and-Stock Cloud Software Deal

"Combining our assets and talented team with Broadcom's existing enterprise software portfolio creates a remarkable enterprise software player," said VMware CEO Raghu Raghuram.