|Day Low/High||16.57 / 16.65|
|52 Wk Low/High||12.00 / 26.43|
Reports suggest next year's iPhones will contain 5G modems and 3D rear-camera systems, and will solely rely on OLED displays.
ASML shares fell sharply in Amsterdam Wednesday after the semiconductor supplier cautioned that delayed orders and swelling inventories would hit first quarter sales, echoing concerns for the sector as chip prices fall and smartphone demand wanes.
This week's reports should provide color about near-term chip and chip equipment sales trends as the industry contends with a downturn.
U.S. corporate earnings have largely topped analysts' estimates over the first two weeks of the reporting season, according to data from Refinitiv, but slowing revenue growth suggests the fading impact of tax cuts, and the uncertainty surrounding trade talks with China, will clip the collective bottom line of U.S companies over the first half of this year.
The long-term demand bolstered by secular shifts in technology are keeping many onboard the ship for semiconductors in the long term.
Taiwan Semiconductor the world's biggest contract chipmaker and a lead supplier for Apple iPhones, posted tepid fourth quarter earnings Thursday but cautioned that near-term sales would slide the most in 10 years as global smartphone markets continue to slow.
The big contract chipmaker issues a downbeat forecast of what lies ahead for the semiconductor giant, and likely for the sector.
A variety of new niche markets are emerging in the consumer smart home hardware space. That spells an opportunity for chip suppliers.
Cree, Inc. (Nasdaq: CREE) announces that it signed a multi-year agreement to produce and supply its Wolfspeed® silicon carbide (SiC) wafers to STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of...
Apple shares to a fresh 20-month low Thursday, pulling chip stocks lower and dragging the Nasdaq Composite back closer to bear market territory, after a shock revenue warning from the world's biggest tech company.
Global stocks tumbled Thursday as investors reacted to a shock revenue warning from Apple that raises serious questions for the health of the upcoming U.S. corporate earnings season and the strength of the world economy.
Global stocks slumped Thursday, pulling U.S. equity futures heavily into negative territory, following the arrest of a high-level Chinese business executive in Canada that threatens to unravel the recently agreed trade truce between Washington and Beijing.
Apple's European supply chain, as well as its German-listed units, surged in early Frankfurt trading Monday as investors bet that a truce in the U.S.-China trade war will eliminate a key tariff risk that had been lingering over the world's most valuable tech company.
In many cases, chip buyers appear to be ordering cautiously due to macro and trade worries. That's likely to change if those worries lift.
Though the tech giant beat estimates and reported a major increase in its average iPhone sales price, a light revenue outlook and a planned reporting change weigh on shares.
Though both companies offered light revenue outlooks, their numbers and commentary point to a moderate industry downturn rather than a massive one.
The U.S. economy extended its nine-year expansion last quarter, Commerce Department figures confirmed Friday, but slowing global trade, as well as the prospect of rising interest rates at home and political tensions abroad, could challenge President Donald Trump ambition for a 3% annual growth rate.
Global stocks were awash with red in overnight trading Thursday, loping billions in value from equity markets around Asia following last night's late-trading collapse on Wall Street which has erased year-to-date gains for benchmarks around the world amid concerns over weakening U.S. earnings growth, rising geo-political tensions and the unknown outcome of trade disputes between Washington and its major economic partners.
Jim Cramer asks, 'What's it going to take to get rid of these sellers?' Keep an eye on the VIX and volume, he says.
Jim Cramer weighs in on Fifth Third Bancorp, Realty Income, KLX Energy Services, STMicroelectronics, Heron Therapeutics, LKQ Corp. and more.
The cyclical downturn that TI and STMicro appear to be seeing isn't the end of the world for chip stocks. But trade tensions are complicating matters.
The cyclical downturn that TI and STMicro appear to be seeing isn't the end of the world for chip stocks. But trade tensions complicate matters.
The chipmaker posts weaker-than-expected third quarter sales and cautions it is heading into a 'softer market' in the months ahead.
Fed policy makers, research directors and the media seem clueless that the economy is slowing, not growing.
Apple's European supply chain tumbled Tuesday, pulling tech stocks in the region to the lowest level in more than a year, after chipmaker AMS forecast softer profit margins in the months ahead despite solid third quarter earnings.
Global stocks pared gains Wednesday, following the biggest single-day surge on Wall Street in more than six months, as investors shifted focus to the strength of U.S. corporate earnings season even as geopolitical tensions and ongoing trade disputes capped gains in Europe and Asia.
ASML shares surged to the top of the European market Wednesday, lifting tech peers in its wake, as the chipmaker forecast stronger-than-expected fourth quarter sales for its key lithography machines and topped analysts forecast for third quarter earnings in what could mark a late cycle rebound for the beaten-down sector.
Though Apple hasn't been spared from the tech rout, recent news and reports mostly suggest consumer interest in its latest iPhones is healthy.
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