Shares of Micron Technology (MU) surged more than 15% Thursday after the company’s fiscal second-quarter earnings easily beat the consensus, driven by the AI craze. The company doubled down on these results with an upbeat outlook for the road ahead, too. The memory and storage chip manufacturer grew revenue from just $3.69 billion this [...]
After delivering a lackluster outlook for the fiscal first quarter of 2024, Marvell Technology (MRVL) is down 7% in Friday morning trading. The company has surged over the past year thanks in large part to the AI craze, but the rest of the business is struggling. For the fiscal fourth quarter, overall revenue came [...]
Advanced Micro Devices Inc. (AMD) has been informed by US officials that the AI chip they’ve been developing for China will need additional licensing before it can be exported. Shares are down a bit today on this news, but as we’ll explore in just a moment, AMD is still worth buying. The chip in [...]
After losing its footing to start the week, Nvidia (NVDA) picked right back up where it left off after hours yesterday, soaring on news of another quarter of growth. The AI chip designer grew its top and bottom line, sending shares nearly 15% higher in the past 24 hours. The company delivered 265% revenue [...]
Arm Holdings (ARM) is up more than 57% in Thursday morning’s trading session after delivering a strong earnings performance alongside an even stronger guidance for the current quarter. The chip designer brought in $824 million in revenue for the quarter, easily surpassing the analyst expectation of $762 million. Profits were strong too with an [...]
Yesterday after the bell Intel (INTC) shared an update on its Q1 earnings expectations that sparked concern among investors, and a sell-off ensued. The stock is down more than 10% in Friday’s trading session as a result. Intel is forecasting revenue between $12.2 billion and $13.2 billion, below the FactSet consensus of $14.3 billion. [...]
After leading 2023 as the S&P 500 index’s best performer, Nvidia (NVDA) is picking up where it left off to start the new year. The stock has climbed nearly 14% in the past week and is up more than 2% in Wednesday morning’s trading session. This recent breakout puts its market cap at $1.3 [...]
Shares of Marvell Technology (MRVL) have made a solid rally so far this year by capitalizing on AI hype. However, it appears as if the semiconductor manufacturer may have overestimated its ability to take advantage of the technology. Or, at the very least, its timeline to seeing profits. Marvell reported its third-quarter earnings alongside [...]
Shares of Arm Holdings PLC (ARM) are up 3% in Monday morning’s trading session after news hit that the bulls love this stock. In fact, some analysts see as much as a 57% upside potential in the stock. The company, which specializes in chip design, is trading only 6% above its IPO price. That [...]
The tech giant Intel (INTC) had a rocky Tuesday trading session, with its shares dipping by 3.8% to close at $35 each, thus making them the leading factor pulling the Dow Jones Industrial Average down. So far in Wednesday’s session, we’re seeing much of the same - as the stock is down more than [...]
