STMicroelectronics N.V. News
Semiconductor Watchlist: Apple, AMD, Onsemi
While shares in the sector are under pressure, several companies are positioned well for the rest of the year.
Infineon, Other Chip Stocks Cited by Cowen on EV Growth
It sees 'accelerating content growth opportunity for power semiconductors in the drivetrains of tomorrow's electric vehicles.'
Cree, Cirrus Logic Lower After Bank of America Cuts to Underperform
Cree and Cirrus Logic fell after Bank of America cut its rating on the semiconductor makers to underperform from neutral.
5 Chipmakers Getting a Big Boost From Electric Vehicle Adoption
Firms such as Cree, ADI and NXP are poised to see strong growth in their EV-related sales over the next decade.
Ferrari Cut to Sell; Goldman Cites New Pretax-Profit Target
The scope for positive earnings revisions at Ferrari is "limited,' Goldman analyst George Galliers said, cutting his rating on the stock to sell.
Electric Vehicle Checkpoint: Jim Cramer on Lordstown Losses, Ford Momentum
See the latest news for the top stocks in the electric vehicle space including Tesla, General Motors, NIO, XPeng, Fisker, and more.
Ferrari Names Chipmaker STMicro's Vigna CEO
Benedetto Vigna in September will take over as Ferrari's CEO. He was a key tech executive at Europe's largest chipmaker, STMicro.
AMD's Blockbuster Deal to Acquire Xilinx: 6 Thoughts
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.
TSMC's Strong Guidance Bodes Well for Apple, Nvidia, AMD and Others
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.
Dow Futures Pare Gains After Weekly Jobless Claims Rise To 1.42 Million; Q2 Earnings Also in Focus
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.
Breaking News
Tesla Stock Higher As Elon Musk Sells $6.9 Billion Shares, Citing Twitter Deal
"In the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock," Musk said.
Apple Stock Edges Higher Despite Cautious Smartphone Outlook From Supplier Foxconn
Foxconn, Apple's main iPhone assembler, forecast muted smartphone revenues for its September quarter amid waning global demand.
Disney Earnings Preview: Disney+ Steaming Growth In Focus After Netflix Stumble
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.
Walmart Builds on Its Biggest Edge Over Amazon
Retailing giant Walmart wants to ensure its customers can get what they're looking for, however they want to buy it.