Shares of Intel Corporation (INTC) are up nearly 4% through Monday morning so far after news broke of the company’s $3.5 billion grant awarded under the “Secure Enclave” program by the US Department of Defense. These funds will be used to produce advanced semiconductors which will then be used for our country’s strategic defense [...]
Ambarella (AMBA) started Wednesday morning where it left off yesterday, climbing higher on the heels of an earnings beat in the fiscal second quarter. The stock is up 11% so far today and 21% in the past week. This comes after the company delivered a narrower loss than experts were expecting with EPS of [...]
It’s no secret that Nvidia Corporation (NVDA) has been the center of attention since the AI boom began a few years ago. It’s surged nearly 3,000% in the past 5 years and until recently, showed no signs of slowing down. Even after a few slight hiccups throughout the summer thus far, it’s always responded [...]
Intel Corporation (INTC) has been losing its footing over the past month after the company announced a revision to its second-quarter earnings and revenue outlook. The stock has fallen more than 27% since the start of August, adding to a more concerning long-term trend. INTC has lost nearly 60% of its value through 2024 [...]
Shares of Advanced Micro Devices (AMD) are up more than 11% this week after the company announced its acquisition of ZT Systems. Acquiring the AI infrastructure provider is a strategic move that will boost the chip maker's bottom line in 2025. ZT Systems is a New Jersey-based company that offers a range of solutions, [...]
Nvidia (NVDA) had been on a torrent pace over the past few years and was due for a reversal, which we saw manifest over the past month. The stock fell from $134.93 to just $98 in a 4-week window, prompting the first real bearish outlook on NVDA in as long as we can remember. [...]
Taiwan Semiconductor Manufacturing Company (TSM) gave an update on its revenue performance for the month of July this Friday morning, which initially sent shares 3% higher. Since the market opened, though, they’ve stayed around even on the day. The chip manufacturer’s $7.9 billion in sales worked out to a 45% growth in revenue. This [...]
Shares of Palantir Technologies (PLTR) are up more than 11% Tuesday on the heels of an impressive second-quarter performance. The company shoved it to the naysayers with 27% growth in revenue amidst “relentless AI demand”. Adjusted earnings per share came in just above analyst expectations at $0.09 compared to $0.08. Net income of $134 [...]
Shares of Advanced Micro Devices (AMD) are up around 5% so far Wednesday morning after the chipmaker reported second-quarter results that narrowly outperformed the analyst expectations. The company’s upbeat outlook for the current quarter played a part as well. Adjusted earnings per share came in at $0.69/share, just ahead of the $0.68/share estimate on [...]
ASML (ASML) reported second-quarter earnings that surpassed Wall Street’s expectations on both the top and bottom lines and yet, the market responded by sending shares 10% lower. The Dutch semiconductor manufacturer saw a surge in demand for the quarter, beating its original forecast and culminating in the following results: Sales: $6.79 billion vs $6.53 [...]
