|Day Low/High||16.93 / 17.50|
|52 Wk Low/High||12.00 / 26.43|
Texas Instruments shares inched higher Wednesday even after the chipmaker cautioned that a much-anticipated rebound in global semiconductor demand could be delayed in the early half of next year.
Global stocks edged higher Tuesday, following record highs on Wall Street, as investors prepped for another wave of corporate profits that could cement the case for a much stronger-than-expected first quarter earnings season and further gains for domestic equity markets.
European semiconductor shares traded sharply higher Wednesday, lifting U.S. rivals such as AMD and Micron following a report that suggests a key Asia supplier is seeing more orders for smartphone chips heading into the second quarter.
Reports of a smartphone market recovery from Taiwan Semiconductor is taking the sector higher.
MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) ("MACOM"), and STMicroelectronics (NYSE:STM) ("ST") today announced the 2019 expansion of 150mm GaN-on-Silicon production capacity in ST's fabs, and 200mm as demand requires.
We believe that STM has formed a 'bullish reversal pattern.'
The chip stock surge at the week's end shines a light on just how pessimistic some investors had been as earnings multiples fell to rock-bottom levels last year.
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.
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