Chip giants are ramping up spending by the billions as semiconductor demand booms
Chip giants are ramping up spending by the billions as semiconductor demand booms
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
Semiconductor companies around the world are preparing to make major investments in their research and development facilities, in an effort to meet growing demand as the global chip shortage rages on.
The…
Qualcomm beats expectations for revenue and earnings, sales up 30%
Qualcomm beats expectations for revenue and earnings, sales up 30%
Qualcomm president and CEO Cristiano Amon speaks at a news conference during CES 2022 in Las Vegas, Nevada, U.S. January 4, 2022.
Steve Marcus | Reuters
Qualcomm reported first-quarter earnings Wednesday, beating analyst expectations for revenue and guidance, and offering a strong outlook for its fiscal second quarter.
However, Qualcomm stock fell over 8% at one point during extended trading on…
Tech's big Friday rally helps Nasdaq avoid first five-week losing streak since 2012
Tech’s big Friday rally helps Nasdaq avoid first five-week losing streak since 2012
Maja Hitij | Getty Images News | Getty Images
Microsoft cruised past earnings estimates and issued a better-than-expected forecast. So did Intel. Apple and Tesla topped expectations across the board, while subscription software vendors ServiceNow, Qualtrics and Atlassian all posted decisive beats.
All that happened this week. And it was just barely enough to keep the Nasdaq from extending its…
Tech stocks just had their worst week since March 2020 as Peloton and Netflix scared investors
Tech stocks just had their worst week since March 2020 as Peloton and Netflix scared investors
A man walks in front of a Peloton studios on May 05, 2021 in New York.
John Smith | VIEW press | Corbis News | Getty Images
Peloton fell below its IPO price, Netflix suffered its steepest drop in a decade, and chip stocks continued to struggle. Add it all up and the Nasdaq just closed out its worst week since the beginning of the pandemic.
At Friday’s close, the Nasdaq was down 7.6% for the…
CES still on, Davos postponed: Conventions industry rebound in doubt amid omicron
CES still on, Davos postponed: Conventions industry rebound in doubt amid omicron
Attendees take their photo in front of a sign as they arrive at the International CES at the Las Vegas Convention Center.
Getty Images
Canceled Broadway shows. Shuttered restaurants. Lines of people wrapped around the block at walk-in medical clinics. Businesses sending their employees home.
It sounds like a flashback to March 2020. The highly contagious omicron variant is driving a surge of…
Can Qualcomm (QCOM) Profit from US-China Tensions?
Can Qualcomm (QCOM) Profit from US-China Tensions?
Qualcomm (QCOM) could profit from the growing US-China tensions. To explain, Qualcomm is a leading manufacturer of telecom infrastructure, 5G wireless infrastructure, smartphones, networks, industrial Internet of Things (IoT) infrastructure, and cloud infrastructure.
Qualcomm’s biggest competitor is the privately held Chinese company Huawei Technologies. Many non-Chinese consider Huawei a…
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