|Day Low/High||40.86 / 42.15|
|52 Wk Low/High||34.21 / 45.64|
Though there's certainly a risk that tech stocks will fall further if trade tension keeps rising, many names are more reasonably valued than they were a short while ago.
Outlooks from Samsung, Qualcomm and others point to weakening near-term demand for Android phones, particularly in China and on the high-end.
Samsung and Western Digital both suggest memory demand is improving following a very rough first half of the year. And Lam Research's outlook suggests industry supply growth is falling sharply.
Blaming China woes for the slip, some advise growth ahead for Advanced Micro Devices.
NXP and many other chip stocks still trade at reasonable valuations. But the group's margin of safety has diminished some following recent gains, and industry news remains pretty mixed.
Though it would likely take a while for Apple to begin using its own 5G modem, doing so could yield major cost savings and also carry other benefits.
Investors are trying to make judgment calls across each sector based on all the headlines coming in, which in turn pokes around other stocks in the same sectors.
The chip manufacturing giant issued upbeat Q3 sales guidance and forecast this year's capital spending will be at the high end of a prior guidance range.
Taiwan Semiconductor, the world's biggest contract chipmaker and a lead supplier for Apple iPhones, posted modestly weaker second-quarter earnings but said a pick-up in 5G and smartphone demand would support the global semiconductor sector over the second half of the year.
Netflix loses subscribers, Japan loses steam, Taiwan Semi bets on a chip-sector rebound, Britain stares down the abyss of a non-deal Brexit and Musk looks to your brain for his next startup fix.
ASML shares jumped higher in early European trading Wednesday after the semiconductor supplier maintained its bullish second half outlook after stronger-than-expected second quarter earnings that suggest global chip demand is starting to recover.
The chip manufacturing giant, whose clients include Apple, Nvidia, AMD and Qualcomm, just reported strong June sales and beat its Q2 revenue guidance.
Benchmarks for AMD's soon-to-launch third-gen desktop CPUs appear to validate expectations that the chips will deliver a lot of bang for the buck compared to offerings from Intel.
Chip stocks in general are selling off following a downgrade that's arguably only bad news for certain parts of the sector.
Advanced Micro Devices trades higher after the chipmaker says it signed a deal in which Samsung will licence AMD graphics IP.
AMD's newest desktop CPUs leave it well-positioned to add to recent share gains. Intel, meanwhile, is working hard to strengthen its notebook position.
New product releases from Advanced Micro Devices convince Stifel analyst Kevin Cassidy the chipmaker is poised for market share gains.
The Taiwanese chip manufacturing giant has a blue-chip client list and is intent on maintaining its manufacturing technology edge. And its valuation looks reasonable.
Amid tougher competition from AMD, Intel plans to roll out new server CPUs at a very rapid pace, assuming a leaked partner slide is accurate.
Dr. Venkata Renduchintala outlined how the chip giant plans to becomes nimbler and less 'monolithic' following years of manufacturing stumbles.
The chip giant expects very little sales and earnings growth through 2021. But it also promises to launch cutting-edge data center and notebook products in the coming years, and to improve its manufacturing position.
Following a big rally in recent months, KLA's shares are lower Tuesday after the company maintained a cautious view of near-term chip equipment demand.
While its near-term sales remain pressured by GPU inventory corrections and soft console processor demand, AMD continues forecasting that new products will provide a major second-half sales boost.
Intel investors had a bad flashback on Friday.
Inventory corrections, CPU shortages, tougher competition and soft Chinese and enterprise demand all appear to be weighing on Intel. But figuring out how much each factor is to blame is not easy.
Elliott Management thinks SAP can significantly grow its EPS with the help of cost cuts and buybacks. A comparison of SAP's margin profile with Oracle and Microsoft's suggests it's right.
At a time when chip stocks have done much to price in a second-half recovery, TSMC avoided doing anything to spoil the fun.
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