Taiwan Semiconductor Manufacturing Co Ltd
Asian chip-related stocks rally on renewed AI optimism after Nvidia CEO comments
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., speaks during an event in Taipei, Taiwan, on Sunday, June 2, 2024. Annabelle Chih | Bloomberg | Getty Images Asian chipmaking heavyweights extended Wall Street’s rally as Nvidia CEO Jensen Huang made bullish comments about the AI darling’s outlook. The founder of the artificial intelligence […]
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Taiwan jumps almost 3% as tech stocks rally, leading Asia-Pacific markets higher
TSMC offices in San Jose, California, US, on Thursday, April 18, 2024. David Paul Morris | Bloomberg | Getty Images Asia-Pacific markets opened higher on Thursday, tracking gains on Wall Street fueled by a tech rally. Japan’s Nikkei 225 jumped 2.77% and the broad-based Topix advanced 1.91%. Semiconductor related stocks Tokyo Electron rose 3.56%, Advantest […]
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Samsung Electronics plans global job cuts of up to 30% in some divisions: Reuters, citing sources
Samsung Electronics, the world’s top maker of smartphones, TVs and memory chips, is cutting up to 30% of its overseas staff at some divisions, three sources with direct knowledge of the matter told Reuters. Jakub Porzycki | Nurphoto | Getty Images Samsung Electronics, the world’s top maker of smartphones, TVs and memory chips, is cutting up to 30% of its […]
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Chip stocks have been through wild swings, but analysts still like these names — giving one 97% upside
Semiconductor stocks have been volatile. Last Friday, the VanEck Semiconductor ETF fell 11.6% in a day. Overall, the index has plunged 26% since mid-August, including Friday’s declines. Before that, the index was going through wild swings, first diving in July before recovering in early August, then tumbling again. The ETF is still up about 27% […]
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Asia-Pacific markets set to open lower after gains on Wall Street
The upscale shopping district of Ginza in Tokyo, Japan, on Saturday, May 4, 2024. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets are set to open lower on Wednesday, despite gains on Wall Street ahead of the U.S. August consumer inflation report due Wednesday. Traders in Asia parsed key economic data from Japan and South Korea. […]
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This semiconductor ETF just had its worst week since 2020. Here’s what’s next
Chip stocks kicked off September with their worst stretch in over four years, as shares of artificial intelligence favorite Nvidia lost momentum and concerns over U.S. economic growth weighed on the market. The VanEck Semiconductor ETF (SMH) sank 11.7% in the Labor Day-shortened, four-day trading week. That was its worst week since a 15.2% drop […]
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U.S. rolls out new chip-related export controls as China makes industry advances
Digitally Generated Images Wong Yu Liang | Moment | Getty Images The Biden administration is rolling out new export controls on critical technologies, including quantum computing and semiconductor goods, as China makes advances in the global chips industry. Released by the U.S. Department of Commerce on Friday, the rules cover quantum computers and components; advanced […]
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CNBC Daily Open: Nvidia sinks and data’s weak, but hold on
The Nvidia headquarters in Santa Clara, California, US, on Wednesday, Aug. 28, 2024. Loren Elliott | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? […]
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Asian chip stocks fall after Nvidia sell-off on Wall Street overnight
Key Points Chip and tech stocks across Asia opened sharply lower Wednesday morning, following a steep plunge in Nvidia’s share price in the U.S. overnight. Source
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Nikkei plunges 4%, leading losses in Asia after Wall Street plummets on weak U.S. data
Employees work at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, Jan. 4, 2024. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets plunged on Wednesday, led by Japan’s Nikkei 225 after U.S. tech stocks sold off and weak U.S. economic data sparked recession fears. Japan’s Nikkei […]
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