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Semis continued to slide heading into Q3, establishing a trend that gives clues as to what to expect from H2 2022. The outlook for the semiconductor industry got worse in H1 2022, with an increasing number of names issuing downbeat guidance. Every stock in SOXX posted losses, some...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips On the one hand, the semiconductor sector appears to be one of the more robust sectors to consider investing in this year. A study done earlier this year by audit house KPMG characterized industry confidence as “e...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Wall Street has had a rough year so far while the benchmark S&P 500 index has been trading in and out of bear market territory in June. The index is down 19% year-to-date. But perhaps we can turn things around by find...
The stock market had a first half to forget, with the S&P 500 down more than 20% since the calendar turned to 2022. While there were some pockets of strength, such as energy, the technology sector, and in particular, semiconductors, was hit by a myriad of worries, including the ...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips The first half of 2022 is over. And it was a doozy for Wall Street. The S&P 500 dropped more than 20% in just six months. Indeed, tech stocks were decimated. That’s the market’s worst first-half performa...
Senate Minority Leader Mitch McConnell is threatening to block $52B in funding for the U.S. semiconductor industry if rival Democrats pursue a broad spending package. "Let me be perfectly clear," McConnell says in a tweet . "There will be no bipartisan USICA" - the U.S. Innovation a...
Gainers: Adagene ( ADAG ) +20.3 % . Qorvo ( QRVO ) +11.5% . Lexicon Pharmaceuticals ( LXRX ) +9.8% . Avadel Pharmaceuticals ( AVDL ) +9.0% . The RealReal ( REAL ) +7.3% . Losers: HyperFeed Technologies ( HYPR ) ...
Navitas Semiconductor ( NASDAQ: NVTS ) stock fell ~4% on June 29, which also saw Bank of America cut its price target on the shares to $5 from $7 but maintained a Neutral rating, amid fears of semiconductor downturns. Bofa also downgraded semiconductor-related ...
China is cutting its quarantine time for international travelers to 10 days, which is lending support to sectors like casino stocks. Morgan Stanley just published its Global Exposure Guide, which tracks revenue and cost exposure by region. "While China is a very important source of revenue fo...
Demand headwinds for Qorvo and Skyworks as the smartphone market will likely contract following several years of relentless growth. We expect inflationary pressures to continue impacting smartphone demand and the upgrade cycle to elongate. We believe the smartphone market has ente...
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GREENSBORO, N.C., May 01, 2024 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq:QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company’s fiscal 2024 fourth quarter ended March 30, 2024. Strategic Highlights Grew quarte...
A negative sentiment might linger on Wall Street on Wednesday, as evidenced by stock futures, after Advanced Micro Devices, Inc.‘s (NASD...
Corporate earnings came to the market’s rescue in the past week, helping to overcome rate fears. As we look ahead to the unfolding week, it r...