Micron Technology Inc
Biden to sign China competition bill to boost U.S. chipmakers
From left, Reps. Jan Schakowsky, D-Ill., Lizzie Fletcher, D-Texas, Speaker of the House Nancy Pelosi, D-Calif., Lisa Blunt Rochester, D-Del., and Eddie Bernice Johnson, D-Texas, are seen after a bill enrollment ceremony for the Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act of 2022, on the West Front of the U.S. Capitol on […]
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Stocks making the biggest moves in the premarket: Novavax, GoodRx, Allbirds and more
Take a look at some of the biggest movers in the premarket: Novavax (NVAX) – The drugmaker’s stock plummeted 32.3% in the premarket after posting an unexpected quarterly loss and cutting its full-year revenue guidance in half. Novavax said it did not expect any further U.S. sales of its Covid-19 vaccine this year amid soft […]
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Jim Cramer offers his favorite stock picks for 3 possible recession scenarios
CNBC’s Jim Cramer on Thursday gave investors his top stock picks for three different recession outcomes. “We’ve got mild, we’ve got moderate and we’ve got severe. … . Can we avoid a recession altogether? There’s always the chance,” but investors shouldn’t hold their breath, he said. Investors have piled into tech stocks this week, betting […]
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4 takeaways from the Investing Club’s ‘Morning Meeting’ on Wednesday
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. What Netflix earnings mean for Disney 2. Halliburton has a cheap valuation 3. Bausch + Lomb chairman steps down 4. Quick mentions: AAPL, AMZN 1. What Netflix earnings mean […]
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U.S. chip industry split over CHIPS act benefits to Intel
Intel Pentium CPU photographed after Intel revealed information about major flow in the chipsets. JP Black | LightRocket | Getty Images Several U.S. semiconductor firms are deliberating whether to oppose a package of chip industry subsidies if the final language of the legislation awaiting a vote in the Senate disproportionately benefits manufacturers like Intel, sources […]
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World’s largest chipmaker TSMC posts record profit allaying fears over semiconductor headwinds
Signage for Taiwan Semiconductor Manufacturing Co. (TSMC) is displayed at the company’s headquarters in Hsinchu, Taiwan, on Wednesday, June 5, 2019. Ashley Pon | Bloomberg via Getty Images TSMC, the world’s biggest chipmaker, posted record net profit in the second quarter, helping assuage fears over weak demand from high inflation and a glut of some […]
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Computer chips face toilet paper hoarding moment as shortage turns to glut
Micron Technology’s hard drive for data center customers is presented at a product launch event in San Francisco, October 24, 2019. Stephen Nellis | Reuters A supply chain crisis triggered by the global pandemic deprived makers of PCs and smartphones to cars of computer chips needed to make their products. All that suddenly changed over […]
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Chips drive Samsung’s highest second-quarter profit since 2018, but demand is cooling
People walk past the logo of Samsung Electronics in Seoul on July 7, 2022. South Korea’s Samsung Electronics Co Ltd turned in its best April-June profit since 2018 on Thursday, underpinned by strong sales of memory chips to server customers even as demand from inflation-hit smartphone makers cools. Jung Yeon-je | Afp | Getty Images […]
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Taiwan’s Foxconn raises full-year outlook on strong tech demand
The Foxconn logo displayed on a Foxconn building in Taipei on 31 January 2019. Taiwan’s Foxconn, the world’s largest contract electronics maker, raised its full-year business outlook on Monday thanks to strong sales of smartphones and servers despite concerns of slowing demand due to rising inflation. Sam Yeh | AFP | Getty Images Taiwan’s Foxconn, […]
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Stocks making the biggest moves midday: Micron, Kohl’s, Meta Platforms and more
Check out the companies making headlines in midday trading. Micron Technology – Shares of the chipmaker fell about 6% after the company issued disappointing fiscal fourth-quarter guidance and said weakening consumer demand will hurt smartphone sales. The warning pulled down other chip stocks, which were among the top decliners in the S&P 500. Western Digital and On […]
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