It sees 'accelerating content growth opportunity for power semiconductors in the drivetrains of tomorrow's electric vehicles.'

Cree and Cirrus Logic fell after Bank of America cut its rating on the semiconductor makers to underperform from neutral.

Firms such as Cree, ADI and NXP are poised to see strong growth in their EV-related sales over the next decade.

The scope for positive earnings revisions at Ferrari is "limited,' Goldman analyst George Galliers said, cutting his rating on the stock to sell.

See the latest news for the top stocks in the electric vehicle space including Tesla, General Motors, NIO, XPeng, Fisker, and more.

Benedetto Vigna in September will take over as Ferrari's CEO. He was a key tech executive at Europe's largest chipmaker, STMicro.

The companies should have opportunities to pair AMD's CPUs and/or GPUs with Xilinx's FPGAs in many end-markets. But Chinese regulatory approval is still a wild card.

The chip manufacturing giant hiked both its full-year revenue and capex guidance, as it continues seeing strong orders from smartphone, PC and data center chip clients.

US stocks are riding their longest weekly winning streak since late last year, with the S&P 500 edging back towards February's all-time highs, as investors continue to favor stimulus and central bank support over political and economic concerns.

Foxconn, Apple's main iPhone assembler, forecast muted smartphone revenues for its September quarter amid waning global demand.

Disney needs to add more than 9 million streaming users each quarter in order to meet its September 2024 goal of between 230 million and 260 million global subscribers.

Retailing giant Walmart wants to ensure its customers can get what they're looking for, however they want to buy it.