Micron Technology Inc
Major global chip stocks rally on Micron’s 15% surge; ASML up 4%
Global chip makers are in focus amid a boom in artificial intelligence applications. Sefa Ozel | E+ | Getty Images Global chip stocks rallied on Thursday after U.S. memory semiconductor maker Micron posted revenue guidance that topped expectations and boosted its share price. Micron forecast revenue for its quarter ending at the end of November […]
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SK Hynix shares jump as company announces mass production of updated AI chip
SK Hynix Inc. signage at the company’s office in Seongnam, South Korea, on Monday, April 22, 2024. SK Hynix is scheduled to release earnings figures on April 25. Photographer: SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images SK Hynix shares surged more than 9% Thursday morning after the company said it has […]
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India wants to become a semiconductor powerhouse, but it can’t do it on its own
Workers assembles smartphones at Dixon Technologies factory in Uttar Pradesh, India, on Thursday, Jan. 28, 2021. Bloomberg | Bloomberg | Getty Images India has big ambitions to become a semiconductor powerhouse as the world’s fifth-largest economy pushes for self-reliance in manufacturing. Indian Prime Minister Narendra Modi has set numerous goals to propel the country’s semiconductor […]
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Dow futures are little changed after index breaks four-day winning run: Live updates
Traders work on the floor of the New York Stock Exchange. NYSE Futures tied to the Dow Jones Industrial Average were little changed on Wednesday night after the index broke a four-day win streak. Dow futures fell by 28 points, or 0.7%. S&P 500 futures were unchanged. Nasdaq 100 futures climbed 0.21%, boosted higher by […]
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Stocks making the biggest moves after hours: Micron Technology, H.B. Fuller and more
Check out the companies making headlines after the bell : Micron Technology — The semiconductor manufacturer soared 13% after issuing strong guidance for the current quarter. The company sees fiscal first-quarter adjusted earnings coming in at roughly $1.74 per share and revenue of around $8.70 billion. Analysts polled by LSEG called for earnings per share […]
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Stocks making the biggest moves midday: Micron, Tesla, Ulta, Intel and more
Check out the companies making headlines in midday trading: Micron Technology — Micron edged 2.7% higher after JPMorgan reiterated the stock as overweight ahead of the memory chipmaker’s earnings, which are expected Wednesday after market close. Analyst Harlan Sur anticipates Micron’s results will be boosted by strong artificial intelligence and server demand. Tesla — Shares […]
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Stocks making the biggest moves premarket: Intel, Pinterest, Palantir and more
Check out the companies making headlines before the bell. Intel – The chipmaker rose 4% on news that asset management company Apollo Global Management offered to make an equity-like investment of as much as $5 billion in Intel, according to a Bloomberg News report on Sunday. CNBC confirmed on Friday that Qualcomm had recently approached […]
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Why Eli Lilly and Palo Alto Networks are both up on news from their competitors
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: The Dow and S & P 500 were lower Friday after surging to record highs Thursday in response to the Fed cutting interest rates by […]
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Stocks making the biggest moves premarket: Darden Restaurants, Nvidia, DoorDash, Coursera and more
Check out the companies making headlines before the bell. Darden Restaurants — Shares advanced nearly 11% after the restaurant operator announced a multiyear partnership with Uber for on-demand delivery later this year. The company reported weaker-than-expected quarterly earnings and revenue, however, as its sales weakened at Olive Garden and its fine dining restaurants. NextEra Energy […]
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Stocks making the biggest moves midday: Nuvalent, Alcoa, Sprouts Farmers Market, Apple and more
Check out the companies making headlines in midday trading: Nuvalent — Shares soared more than 22%, hitting an all-time high, after the biopharmaceutical company highlighted positive data on two experimental cancer treatments over the weekend. Nuvalent said the two drugs show “favorable tolerability.” Bausch + Lomb — The contact lens provider rallied 13.9% after the […]
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