Apple’s impressive stock price over the last couple of decades has been propelled by its groundbreaking consumer tech, beginning with the iPod and iMac, then progressing to the iPhone and iPad, and more recently to the Apple Watch and AirPods. But beyond the iconic gadgets, Apple is harnessing its technological expertise to design custom chips …
CNBC’s Jim Cramer offered insights into the recent earnings season, noting that while the overall performance of sectors was positive, many stocks saw declines related to factors like high interest rates rather than poor company performance. Reflecting on the earnings season, CNBC’s Jim Cramer highlighted the overall positive performance of sectors. He emphasized that the …
Traders work on the floor of the New York Stock Exchange (NYSE) on May 18, 2022 in New York City. Spencer Platt | Getty Images The S&P 500 rose on Tuesday, extending its longest winning streak in about two years as Wall Street aimed to build on November’s rally. The S&P added 0.35%, rising for …
A trader works on the floor of the New York Stock Exchange. NYSE Stocks rally as Federal Reserve keeps interest rates unchanged, providing optimism for the rest of the year After a challenging few months, the stock market made a comeback on Wednesday following the Federal Reserve’s decision to maintain its current interest rate. Investors …
Yen Weakens as Bank of Japan Holds Rates and Increases Flexibility on Yield Curve Control The Japanese yen experienced a weakening after the Bank of Japan (BOJ) decided to keep interest rates stable and announced plans to introduce more flexibility into its yield curve control policy. According to the BOJ, the target level of the …
The U.S. Department of Commerce announced on Tuesday its plans to block the sale of advanced artificial intelligence chips to China in the upcoming weeks. This move aims to close loopholes that emerged after last year’s restrictions on AI chip exports came into effect. The news of the new rules caused chip stocks to decline …
With the stock market deeply oversold this week, we strategically invested our cash in various sectors, such as energy, technology, and materials. Additionally, we added a former Club chipmaker to our Bullpen and upgraded a premium beer brand to a buy rating. The market’s Friday reversal allowed us to fulfill our commitment to trim a …
In its short 14-year history, GlobalFoundries has emerged as the world’s third-largest chip foundry. While not a widely recognized name, the company plays a crucial role in powering almost every connected device. “Look at every electronic device in your house, and I would bet you money that every one of those devices has at least …
Lisa Su, CEO of AMD. Scott Mlyn | CNBC Shares of AMD rose almost 5% Thursday, a day after Microsoft’s technology chief said the chipmaker is bolstering its position in artificial intelligence, where Nvidia dominates. So far this year, Nvidia shares have almost tripled while AMD is up about 60%. Since the launch in late …
Arm Holdings CEO Rene Haas rings the Nasdaq opening bell at the Nasdaq MarketSite on September 14, 2023 in New York City. Michael M. Santiago | Getty Images Arm, the chip design firm that supplies core technology to companies including Apple and Nvidia, priced its initial public offering at $51 a share. Arm’s fully diluted …