AVGO Sep 2020 300.000 call

OPR - OPR Delayed Price. Currency in USD
23.50
+1.00 (+4.44%)
At close: 12:02PM EDT
Stock chart is not supported by your current browser
Previous Close22.50
Open22.50
Bid22.30
Ask23.10
Strike300.00
Expire Date2020-09-18
Day's Range22.50 - 22.50
Contract RangeN/A
Volume1
Open Interest34
  • Apple, Silicon Valley chip stocks hammered after Trump's 'shot across the bow'
    American City Business Journals

    Apple, Silicon Valley chip stocks hammered after Trump's 'shot across the bow'

    Shares of Apple and Silicon Valley's semiconductor companies were pummeled on Friday as President Trump responded to new tariffs from China with a tweet saying he's demanding that American companies "immediately start looking for an alternative to China."

  • Chipmakers and Apple Tumble as Tariff Uncertainty Spikes
    Bloomberg

    Chipmakers and Apple Tumble as Tariff Uncertainty Spikes

    (Bloomberg) -- Semiconductor companies and Apple Inc. fell sharply on Friday, as the trade war between the U.S. and China continued to escalate.China’s Ministry of Finance said the country plans to levy retaliatory tariffs on another $75 billion of U.S. goods, pressuring the securities in pre-market trading. Their losses were extended following the open, after President Donald Trump subsequently said that he would announce his response Friday afternoon.Apple fell as much as 3.9%. The iPhone maker is heavily correlated to trade issues because China is both a major part of its supply chain and a notable market for its products. The company derived nearly 20% of its 2018 revenue from China, according to data compiled by Bloomberg.Chipmakers have been similarly volatile because of the trade war. The Philadelphia Semiconductor Index dropped 3.6% on Friday, and every member of the benchmark industry index was in negative territory.Among notable decliners, Qualcomm Inc. lost 3.3% while Nvidia Corp. was off 5% and Micron Technology shed 3.5%. Broadcom Inc. was down 4.9% and ON Semiconductor Corp. lost 5.4%.Technology stocks were the weakest-performing sector on Friday, with the S&P 500 information technology index down 2.4%. The S&P 500 overall fell 1.4%.(Adds Trump’s response in second paragraph, updates prices to market open)To contact the reporter on this story: Ryan Vlastelica in New York at rvlastelica1@bloomberg.netTo contact the editor responsible for this story: Catherine Larkin at clarkin4@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Broadcom Inc. (AVGO) Gains As Market Dips: What You Should Know
    Zacks

    Broadcom Inc. (AVGO) Gains As Market Dips: What You Should Know

    In the latest trading session, Broadcom Inc. (AVGO) closed at $287.62, marking a +0.04% move from the previous day.

  • The Battle for 5G Supremacy
    InvestorPlace

    The Battle for 5G Supremacy

    Mike's Note: As we've shown you for the past week, our friend and colleague Jeff Brown has his ear to the ground on what he's calling the biggest technological leap - and money-making opportunity - of the next decade: the rollout of 5G networks.Source: Shutterstock And as Jeff shows below, this is more than just a profitable investment trend. Read on to find out how the race to build 5G networks is a matter of national security… and why it's a must-win race for the United States…By Jeff Brown, Editor, Exponential Tech InvestorInvestorPlace - Stock Market News, Stock Advice & Trading TipsThe United States and China are locked in a winner-take-all economic struggle. * 10 Marijuana Stocks That Could See 100% Gains, If Not More And no, I'm not talking about the ongoing trade negotiations. It's something else.Whoever wins will be the economic powerhouse of the next decade. The stakes are that high.Let me tell you what I mean… Hostile TakeoverLast year, we almost saw a merger between technology firms Broadcom (NASDAQ:AVGO) and Qualcomm (NASDAQ:QCOM). Had it gone through, it would have been the largest tech deal to date.Broadcom had been pursuing Qualcomm since November 2017. It initially offered an unsolicited bid of $103 billion to acquire controlling interest of Qualcomm.Qualcomm resisted. So Broadcom took another route.It initiated a hostile takeover of Qualcomm. That's when an acquiring company attempts to bypass its target's board and purchases a controlling interest in the company directly from shareholders. Very often, this means offering to buy shares at a premium.At $117 billion, the new bid for Qualcomm would have represented the largest technology merger in history.But then the White House stepped in… President Trump blocked the merger. The president said that "credible evidence" suggested that the takeover would pose a risk to U.S. national security.The official details are classified. But I believe I know why the White House took this unprecedented step.At the heart of the president's decision to block the merger is fifth-generation (5G) wireless technology.And here's why that's important… The Coming Wave of 5GWhen you connect to the internet on your computer, smartphone, or smart TV, a vast physical communications infrastructure makes that connection possible.And over the years, our wireless networks - and the infrastructure that supports them - have evolved.It all started in the 1980s with first-generation (1G) networks. Compared to what's possible today, it didn't allow much. You could only place voice calls - there was no layer for carrying other types of data. And you had to use one of those brick-sized cell phones Gordon Gekko yaps into in the movie Wall Street.But from then on, a new network generation went live roughly every 10 years. Each provided faster download speeds and more applications. The most recent one, 4G, went live around 2011.Now we're shifting to the fifth generation of wireless networks - 5G. And it represents the largest leap in wireless technology to date. A Leap ForwardThe current 4G networks are a disappointment.The developers that built the 4G network thought it would deliver average download speeds of 100 megabits per second (Mbps). But in reality, many people see much lower speeds.[Megabits per second, or Mbps, is a common measurement for internet connection and download speeds. For example, to stream a high-definition video from Netflix, you need a download speed of at least 5 Mbps.]At the time of writing, the U.S. has an average download speed of about 16 Mbps with LTE connections. According to a 2018 OpenSignal report, we're in 62nd place, behind Romania (at 28 Mbps) and Finland (at 26.6 Mbps). Even Dracula and the reindeers have internet speeds faster than most Americans.But with 5G, the peak speed jumps to 10 gigabits per second (Gbps). One gigabit is 1,000 megabits. So at peak speed, 5G will be 1,000 times faster than the average 4G connection we have today.Even if we just assume that average 5G speeds would be 10% of their potential, we're still looking at 1,000 Mbps. That means that average 5G speeds will be 100 times faster than what we have today.With that kind of speed, you'll be able to download a two-hour movie in 10 seconds. Dropped phone calls and slow-loading web pages will be a thing of the past.Plus, some previously "sci-fi" tech will finally become a reality. Technologies like self-driving cars, virtual reality, and holographic projection will all operate over high-speed 5G connections. The applications are endless.5G is a game-changer because of all the technological innovation it will bring about. It'll be responsible for $12 trillion worth of new goods and services by 2035. That's about 70% of America's total GDP in 2018.And here's why the government considers the completion of 5G a matter of national security… Matter of National SecurityCountries that lead the way in deploying these networks will have a competitive economic advantage over other countries. And the technology companies in these "first-mover" countries will be the first to develop the hardware and software enabling these 5G wireless services.Right now, the government's fear is that China will set the 5G precedent.For context, Chinese company Huawei supplies the infrastructure and support for more than half of the 537 4G networks around the world. And suspicions have abounded for years about the company using its technology to spy on U.S. network traffic. And since 2018, tensions are reaching new highs.This led to Huawei being banned for a time from the U.S. and several other Western markets over spying concerns.The U.S. government sees it as an imperative that U.S. wireless networks are built out quickly - with U.S. and European technology - to ensure that the country's networks are less likely to fall victim to foreign espionage.That's why the Trump administration blocked the Broadcom/Qualcomm merger.You see, while Broadcom recently stated its intention to bring most of its business back to the U.S., the bulk of its business is still based in Singapore. And while Singapore is its own country, it's heavily controlled by Chinese Singaporeans.The concern was that Broadcom would force Qualcomm to cut back on its research and development into 5G, letting Huawei fill the void and making U.S. wireless networks vulnerable to cyberspying.This isn't wild speculation, either.The Committee on Foreign Investment in the United States, a government agency that oversees foreign investment in American companies, addressed this issue. It specifically mentioned the threat posed by Huawei in the 5G space when officially recommending the blocking of the Broadcom/Qualcomm merger.The Trump administration even threatened to take things one step further… Nationalized InfrastructureIn January 2018, leaked White House documents showed that the U.S. government was considering nationalizing the 5G network build-out - in other words, seizing control of wireless networks from AT&T (NYSE:T), Verizon (NYSE:VZ), and other service providers… and putting them in the hands of the government.I had a hunch at the time that this was just a warning… a way to light a fire under the U.S. companies involved in the 5G build-out.The Trump administration was saying, "Get out there and build these 5G networks quickly, or we'll do it for you."And I was right. Trump has since said he opposes nationalizing the U.S. 5G network.But sending a warning was a very smart move by the administration. And it worked.Verizon and AT&T - along with T-Mobile and Sprint, which are in the process of merging - are already building out 5G networks in dozens of cities around the country.The hope is to have the U.S. regain leadership in wireless network deployments, which will stimulate even stronger leadership in wireless network technology.If the U.S. fails, the government fears that America would be dependent on Chinese technology to make use of 5G. That would give China an enormous amount of leverage over the U.S.Not to mention, 5G is expected to create more than $12 trillion in wealth. Whoever sets the 5G precedent will be the economic powerhouse for the foreseeable future.This is a race the United States must win at all costs.Regards,Jeff Brown Editor, Exponential Tech InvestorP.S. The 5G race is far from over… In fact, it's just getting into full swing.That's why I'm hosting the 5G Investment Summit today, August 22 at 8 p.m. ET. I'll show you why investing alongside the 5G rollout is a once-in-a-decade opportunity. Key 5G stocks will soar 10X at least. I'll reveal how I spot these winners. And I'll even give you the name of my favorite 5G company on my watchlist. Reserve your spot here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks That Could See 100% Gains, If Not More * 11 Stocks Under $10 to Buy Now * 6 China Stocks to Buy on the Dip The post The Battle for 5G Supremacy appeared first on InvestorPlace.

  • Dividend Stocks: What to Buy amid Falling Treasury Yields
    Market Realist

    Dividend Stocks: What to Buy amid Falling Treasury Yields

    Currently, the global market is a mess. Investors want more conservative dividend stocks in defensive sectors like consumer staples and utilities.

  • Mind the Huawei Risk When It Comes to the MU Stock Price
    InvestorPlace

    Mind the Huawei Risk When It Comes to the MU Stock Price

    At its heart, the argument over Micron Technology (NASDAQ:MU) is a battle over how to value a cyclical stock. It's not an easy task. In a matter of quarters, the MU stock price went from being absurdly cheap -- Micron stock traded at less than 4x earnings at points last year -- to questionably expensive. Fiscal 2020 consensus EPS is just $2.53, implying a 17.5x forward P/E that's not all that attractive in the context of the semiconductor sector.Source: Charles Knowles / Shutterstock.com Even Wall Street can't make up its mind. As Barron's noted last week, analyst targets for the MU stock price range from $28 to $90. It's a company that earned $12+ in adjusted EPS in fiscal 2018, posted a $1 per share loss as recently as FY12, and is expected to see a two-year, approximately 80% decline in EPS in FY20. * 10 Marijuana Stocks That Could See 100% Gains, If Not More In terms of that argument, I wrote recently that I lean toward the bearish side. The recent rally in Micron stock looks ripe for profit-taking. Earnings may not be set to rebound any time soon. And I thought the Q3 report that sent the MU stock price skyrocketing was much weaker than headlines suggested.InvestorPlace - Stock Market News, Stock Advice & Trading TipsCyclical arguments aside, however, there's a risk to MU shares that might not be fully appreciated at the moment. Micron is exposed to the U.S.-China trade war in a way that goes beyond the standard macro exposure of most semiconductor stocks. News on that front thus is likely to create volatility in Micron stock in the near term. And if the news winds up being as bad as it appears, it could send MU shares back toward recent lows. The Huawei Problem for Micron StockThe Trump Administration has made a clear target of Chinese telecom equipment manufacturer Huawei. The White House effectively blacklisted the company earlier this year, citing security concerns. President Donald Trump himself said this week that he wasn't interested in allowing Huawei "to do business at all" with American companies, though the federal government soon after gave Huawei another 90-day extension.Huawei's tenuous status has been an issue for tech stocks, and particularly semiconductor stocks, for some time. Companies like Broadcom (NASDAQ:AVGO), Qorvo (NASDAQ:QRVO), and Intel (NASDAQ:INTC) all have seen revenue hits from ceasing or moderating sales to the networking giant. Micron's rival Western Digital (NASDAQ:WDC) announced in June that it had stopped doing business with the Chinese company altogether.For Micron, Huawei is a key customer. Per its 10-Q, 13% of revenue for the first three quarters of fiscal 2019 came from Huawei. And that's with lower-than-expected revenue so far this year to begin with. On its Q3 conference call, the company cited a $200 million impact to revenue in the quarter. Q4 guidance -- which was disappointing relative to expectations -- also took a hit. And the company wrote down $40 million in Huawei-related inventory. Lower Earnings Mean a Lower MU Stock PriceThe problem for Micron is that 13% of revenue doesn't necessarily mean 13% of profits. One only need look at YTD results to see that lower sales have a huge impact on earnings.Through the first three quarters, revenue is down over 15%. Adjusted EPS has declined 32% with a lower share count.Admittedly, lower DRAM and NAND memory pricing is a big factor. But losing 13% of revenue off roughly similar expense bases in R&D and G&A tends to depress margins and lead to amplified reductions in profit.In other words, this is a big risk for Micron stock. How Does This Play Out?To be fair, a permanent Huawei blacklist doesn't necessarily mean Micron's revenue will fall by 13%. As CEO Sanjay Malhotra noted on the Q3 call, Micron supplies Huawei rivals as well (presumably including Nokia (NYSE:NOK) and Ericsson (NASDAQ:ERIC). Those rivals would take market share ceded by Huawei -- and add to their purchases of memory from Micron.But it's still unclear that European countries, in particular, are going to follow the U.S. lead in banning the Chinese equipment maker. There will be some erosion if the U.S. moves forward in preventing its companies from selling to that company.It's also possible that, at some point, the ban will be lifted. The administration could be using Huawei as a bargaining chip. A broader trade war deal could include accommodation from Huawei, and any sort of resolution likely would move chip stocks, including Micron stock, higher.But such a resolution seems a long way off at this point. In the meantime, Micron earnings are likely to decline, and the MU stock price may well follow suit. Between cyclical risk and political risk, there are plenty of reasons to stay on the sidelines here. Even bulls might want to show some patience and see if geopolitical factors don't present a better entry point.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks That Could See 100% Gains, If Not More * 11 Stocks Under $10 to Buy Now * 6 China Stocks to Buy on the Dip The post Mind the Huawei Risk When It Comes to the MU Stock Price appeared first on InvestorPlace.

  • Motley Fool

    3 Top High-Yield Tech Stocks

    These three dependable tech stocks provide a decent balance of growth and income in the shadow of the escalating trade war.

  • Chip Companies to Gain as Trump Delays Huawei Ban
    Market Realist

    Chip Companies to Gain as Trump Delays Huawei Ban

    US Commerce Secretary Wilbur Ross granted a 90-day reprieve to Huawei on August 19, which came as a relief to chip companies.

  • Trump Blocks Tech Merger to Stimulate 5G Leadership
    InvestorPlace

    Trump Blocks Tech Merger to Stimulate 5G Leadership

    Chris' note: What do self-driving cars, artificial intelligence, and augmented reality have in common? There's one piece of bleeding-edge technology that unites them all…Source: Shutterstock Regular readers know I'm talking about 5G. It's one of the biggest trends on Jeff Brown's radar.Jeff is our go-to tech expert here at The Daily Cut. And this Thursday, August 22 at 8 p.m. ET, he's hosting a free 5G investment summit.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs you'll see, we're about to enter what Jeff calls the "Final Phase of the 5G Boom." If he's right, folks have a real shot at watching a series of small investments return 500%… 1,000%… and more. If you're serious about profiting from the 5G boom, you'll want to reserve your spot right here.But you don't have to wait until Thursday to learn more about 5G… and why Jeff believes it will be the most important tech trend over the next decade. Below, he shows why 5G is central to a global battle America must win. And the economic impact will be huge…The United States and China are locked in a winner-take-all economic struggle.And no, I'm not talking about the ongoing trade negotiations. It's something else.Whoever wins will be the economic powerhouse of the next decade. The stakes are that high.Let me show you what I mean…Hostile TakeoverLast year, we almost saw a merger between technology firms Broadcom (NASDAQ:AVGO) and Qualcomm (NASDAQ:QCOM). Had it gone through, it would have been the largest tech deal to date.Broadcom had been pursuing Qualcomm since November 2017. It initially offered an unsolicited bid of $103 billion to acquire controlling interest of Qualcomm.Qualcomm resisted. So Broadcom took another route.It initiated a hostile takeover of Qualcomm. That's when an acquiring company attempts to bypass its target's board and purchases a controlling interest in the company directly from shareholders. Very often, this means offering to buy shares at a premium.At $117 billion, the new bid for Qualcomm would have represented the largest technology merger in history.But then the White House stepped in… President Trump blocked the merger. The president said that "credible evidence" suggested that the takeover would pose a risk to U.S. national security.The official details are classified. But I believe I know why the White House took this unprecedented step.At the heart of the president's decision to block the merger is fifth-generation (5G) wireless technology.And here's why that's important…The Coming Wave of 5GWhen you connect to the internet on your computer, smartphone, or smart TV, a vast physical communications infrastructure makes that connection possible.And over the years, our wireless networks - and the infrastructure that supports them - have evolved.It all started in the 1980s with first-generation (1G) networks. Compared to what's possible today, 1G didn't allow much. You could only place voice calls - there was no layer for carrying other types of data. And you had to use one of those brick-sized cell phones Gordon Gekko yaps into in the movie Wall Street.But from then on, a new network generation went live roughly every 10 years. Each provided faster download speeds and more applications. The most recent one, 4G, went live around 2011.Now we're shifting to the fifth generation of wireless networks - 5G. And it represents the largest leap in wireless technology to date.A Leap ForwardThe current 4G networks are a disappointment. They're much slower than what the original developers thought the networks would deliver.Worst of all, the U.S. is in 62nd place when it comes to download speeds. That's going by a 2018 OpenSignal report.But with 5G, it's a different story. At peak speed, 5G will be almost 1,000 times faster than the average 4G connection we have today.We'll be going from an average of 16 megabits per second with current LTE connections… to 10 gigabits per second. (One gigabit is 1,000 megabits.)Even if we assume average 5G speeds will be 10% of their potential, we'd be looking at 1,000 megabits per second. That's almost 100 times faster than what we have today.With that kind of speed, you'll be able to download a two-hour movie in 10 seconds. Dropped phone calls and slow-loading web pages will be a thing of the past.Plus, some previously "sci-fi" tech will finally become a reality. Technologies like self-driving cars, virtual reality, and holographic projection will all operate over high-speed 5G connections. The applications are endless.5G is a game-changer because of all the technological innovation it will bring about. It'll be responsible for $12 trillion worth of new goods and services by 2035. That's about 70% of America's total GDP in 2018.And here's why the government considers the completion of 5G a matter of national security…Matter of National SecurityCountries that lead the way in deploying these networks will have a competitive economic advantage over other countries. And the technology companies in these "first-mover" countries will be the first to develop the hardware and software enabling these 5G wireless services.Right now, our government's fear is that China will set the 5G precedent.For context, Chinese company Huawei supplies the infrastructure and support for more than half of the 537 4G networks around the world. Suspicions have abounded for years about the company using its technology to spy on U.S. network traffic. And since 2018, tensions are reaching new highs.This led to Huawei being banned for a time from the U.S. and several other Western markets over spying concerns.The U.S. government sees it as an imperative that U.S. wireless networks are built out quickly - with U.S. and European technology - to ensure that the country's networks are less likely to fall victim to foreign espionage.That's why the Trump administration blocked the Broadcom/Qualcomm merger.While Broadcom recently stated its intention to bring most of its business back to the U.S., the bulk of its business is still based in Singapore. And while Singapore is its own country, it's heavily controlled by Chinese Singaporeans.The concern was that Broadcom would force Qualcomm to cut back on its 5G research and development, letting Huawei fill the void and making U.S. wireless networks vulnerable to cyberspying.This isn't wild speculation, either.The Committee on Foreign Investment in the United States is a government agency that oversees foreign investment in American companies. It officially recommended blocking the Broadcom/Qualcomm merger. And it specifically mentioned the threat Huawei posed in the 5G space.The Trump administration even threatened to take things one step further…Nationalized InfrastructureIn January 2018, leaked White House documents showed that the U.S. government was considering nationalizing the 5G network build-out.In other words, it wanted to seize control of wireless networks from AT&T (NYSE:T), Verizon (NYSE:VZ), and other service providers… and put them in the hands of the government.I had a hunch at the time that this was just a warning… a way to light a fire under the U.S. companies involved in the 5G build-out.The Trump administration was saying, "Get out there and build these 5G networks quickly, or we'll do it for you."And I was right. Trump has since said he opposes nationalizing the U.S. 5G network.But sending a warning was a very smart move by the administration. And it worked.Verizon and AT&T are already building out 5G networks in dozens of cities around the country. So are T-Mobile and Sprint, which are in the process of merging.The hope is for the U.S. to regain leadership in wireless network deployments. This will stimulate even stronger leadership in wireless network technology.If the U.S. fails, the government fears that America would depend on Chinese 5G technology. That would give China an enormous amount of leverage over the U.S.And remember, 5G is expected to create more than $12 trillion in wealth. Whoever sets the 5G precedent will be the economic powerhouse for the foreseeable future.This is a race the United States must win at all costs.Regards,Jeff Brown Editor, Exponential Tech InvestorP.S. The 5G race isn't over yet… That's why this Thursday I'm hosting a free 5G investment summit, The Final Phase of the 5G Boom.Key 5G stocks will soar 10X at least. And on August 22 at 8 p.m. ET, I'll show you how I spot these winners. I'll even give you the name of the top 5G company on my watchlist. If you're serious about investing in the 5G boom, you'll want to reserve your spot here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Trump Blocks Tech Merger to Stimulate 5G Leadership appeared first on InvestorPlace.

  • Broadcom Has Outlined an Equilateral Triangle So Be Prepared for a Breakout Soon
    TheStreet.com

    Broadcom Has Outlined an Equilateral Triangle So Be Prepared for a Breakout Soon

    Broadcom has formed an equilateral triangle formation on the bar charts. The daily On-Balance-Volume (OBV) line has been mostly flat from May suggesting a balance between bulls and bears. The Moving Average Convergence Divergence (MACD) oscillator is below the zero line in sell territory but it has narrowed towards a possible cover shorts buy signal.

  • GuruFocus.com

    Broadcom Inc (AVGO) President and CEO Hock E Tan Sold $5.4 million of Shares

    President and CEO of Broadcom Inc (30-Year Financial, Insider Trades) Hock E Tan (insider trades) sold 20,000 shares of AVGO on 08/15/2019 at an average price of $270.46 a share. Continue reading...

  • How To Trade Stocks: Why Counting Bases Is A Crucial Skill In Playing Long Stock Rallies
    Investor's Business Daily

    How To Trade Stocks: Why Counting Bases Is A Crucial Skill In Playing Long Stock Rallies

    Understand how to count bases. Semiconductor industry leader Broadcom shows how this chart-reading skill is useful in how to trade stocks with success.

  • U.S. to Ease Huawei Sanctions for Another 90 Days, Ross Says
    Bloomberg

    U.S. to Ease Huawei Sanctions for Another 90 Days, Ross Says

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The U.S. will extend for another 90 days a limited set of exemptions that had protected rural networks and other U.S. customers from a ban on doing business with China’s Huawei Technologies Co., Commerce Secretary Wilbur Ross said Monday.Some telecom companies in the U.S. are “dependent” on Huawei, and so a 90-day reprieve was deemed appropriate, Ross said in an interview with Fox Business’s Maria Bartiromo. Still, the U.S. also added more than 40 Huawei affiliates to a trade blacklist.“We’re giving them a little more time to wean themselves off,” he added. Ross said the next deadline will be around Nov. 19. He added that Commerce decided to place 46 more Huawei subsidiaries on its entity list.The announcement doesn’t address the wider national-security concerns about Huawei and answer the bigger question of whether U.S. chip companies and other major suppliers will be allowed to sell parts to China.Huawei said in a statement that the temporary relief “does not change the fact that Huawei has been treated unjustly. Today’s decision won’t have a substantial impact on Huawei’s business either way.” The move to add more of Huawei’s affiliates to the so-called Entity List “at this particular time, is politically motivated and has nothing to do with national security,” the company said.QuickTake: How Huawei Became a Target for GovernmentsPresident Donald Trump over the weekend indicated the U.S. was “doing very well with China, and talking” but also suggested he wasn’t ready to sign a trade deal.U.S. stocks rallied Monday after the Trump administration signaled progress on trade negotiations and Ross announced the extension. Huawei, China’s largest technology company by sales, has been at the heart of worsening tensions and been called a bargaining chip in thorny trade negotiations between Washington and Beijing. Trump had said he anticipated talking with Chinese President Xi Jinping “very soon” and the Huawei move may sweeten the tone of those discussions.Huawei, for its part, has been trying to carry on operations in face of U.S. sanctions on the sale of the vital technology. The company this month announced its in-house HarmonyOS, an open-source operating system that could one day serve as a replacement for Google Inc.’s Android if its access to that software is curtailed.Without Android or the numerous American silicon, technology and consultancy suppliers that Huawei does business with, many of its most promising product lines would either cease their rapid growth or be thwarted entirely.Rural AreasThe U.S. Commerce Department previously granted a three-month temporary license to Huawei’s U.S. customers shortly after the Trump administration blacklisted the Chinese company. That allowed telecom carriers in rural areas to continue using Huawei equipment and Google to provide only key Android security updates to Huawei phones.The latest extension came after Trump met in July with the chief executives of key Huawei suppliers from Alphabet Inc.’s Google and Broadcom Inc. to Intel Corp. and Qualcomm Inc. to discuss economic issues including a possible resumption of sales to Huawei. U.S. companies argued that Huawei will turn to non-American suppliers if sanctions persisted, hurting the U.S. in the long run. But trade talks with Beijing ground to a halt and China refused to resume purchases of American agricultural products.National SecurityThe announcement Monday came one day after Trump suggested that Huawei was unlikely to receive another extension, pushing back against news reports about an expected reprieve.“At this moment, it looks much more like we’re not going to do business,” Trump told reporters on Sunday in New Jersey. “I don’t want to do business at all, because it is a national security threat.”The president tied trade negotiations with the ongoing situation in Hong Kong, saying that a deal between the U.S. and China would be harder if there’s a violent conclusion to protests there because of concerns raised by U.S. lawmakers.Earlier this month, the trade war between the two countries intensified as the U.S. announced a next round of 10% tariffs on Chinese imports between Sept. 1 and Dec. 15. China responded with a boycott of American farm products and allowed its currency to weaken, signaling that this can help cushion the tariff blow.(Updates with Huawei reaction in fifth paragraph.)\--With assistance from Gao Yuan and Kasia Klimasinska.To contact the reporters on this story: Vlad Savov in Tokyo at vsavov5@bloomberg.net;Jordan Fabian in New York at jfabian6@bloomberg.net;Shawn Donnan in Washington at sdonnan@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Elizabeth Wasserman, Sarah McGregorFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • TheStreet.com

    Chipmakers Cash in as Shares Rise on Huawei Blacklist Reprieve

    Most big semiconductor stocks jumped after U.S. Commerce Secretary Wilbur Ross said he'll grant a 90-day reprieve allowing Huawei to continue buying components from U.S. firms.

  • Reuters

    Apple says it supports 2.4 million U.S. jobs

    Apple Inc said on Wednesday it was either directly or indirectly responsible for 2.4 million U.S. jobs, up 20% from the 2 million the technology company estimated in 2017. App-related jobs totaled 1.9 million, up by 325,000 from its previous estimate, the Cupertino, California-based company said in a news post on its website. Apple did not say how it arrived at its estimates or how the research was funded.

  • Broadcom Inc. (AVGO) Stock Sinks As Market Gains: What You Should Know
    Zacks

    Broadcom Inc. (AVGO) Stock Sinks As Market Gains: What You Should Know

    Broadcom Inc. (AVGO) closed at $268.64 in the latest trading session, marking a -1.08% move from the prior day.

  • Is Nvidia Stock A Buy Right Now? Here's What Earnings, Charts Show
    Investor's Business Daily

    Is Nvidia Stock A Buy Right Now? Here's What Earnings, Charts Show

    Chipmaker Nvidia is at the forefront of AI and machine learning, but earnings and share prices have dived. Here is what fundamental and technical analysis say about buying Nvidia stock now.

  • StockBeat: Nvidia in Malaise Despite Optimism Ahead of Earnings
    Investing.com

    StockBeat: Nvidia in Malaise Despite Optimism Ahead of Earnings

    Investing.com – Nvidia on Thursday struggled to regain its footing, following a drumming in the market a day earlier, even as analysts touted cautious optimism ahead of the chipmaker's results due later today.

  • InvestorPlace

    Should You Buy Nvidia Stock Ahead of Today’s Earnings? Not So Fast!

    Shares of Nvidia (NASDAQ:NVDA) have traded sideways as of late. Since my last article on the chip maker, NVDA stock has fallen from an open of $165.50 on July 2 to $156.05 share on August 13 then losing another $6 in yesterday's carnage .Source: Shutterstock So, with earnings due out today, is it time to buy NVDA stock?Not so fast! While the company has positive growth catalysts in the pipeline, the shares could be overvalued. NVDA stock trades at a discount to competitor Advanced Micro Devices (NASDAQ:AMD). But high expectations continue to be priced into Nvidia stock. With shares continuing to trade at a premium to broad line chip makers, now may not be the best time to buy into this one. Here's why I recommend some patience before making a move.InvestorPlace - Stock Market News, Stock Advice & Trading Tips What's Going on at NVDA?With NVDA stock, several factors come into play. Among them are the U.S.-China trade war and the global chip glut. But the biggest factor is the GPU war with AMD. Last month, Nvidia launched the RTX line to compete with AMD's family of Navi GPUs.Both chip makers are competing for dominance of the gaming market. Part of the battle is based on performance. But price has been the primary factor in the war. AMD may have gotten the better of Nvidia on price. After pushing Nvidia to cut prices, AMD caught them off guard again -- with another price reduction. * 7 Safe Dividend Stocks for Investors to Buy Right Now This price war underscores Nvidia's troubles in the gaming space. But what future catalysts will be a shot in the arm for the Nvidia stock price? Perhaps cloud gaming is the ticket to future growth. Nvidia's GeForce NOW enables PC gamers to stream more than 500 games from anywhere, using Nvidia's GPUs remotely. The service is currently in beta, but a million-plus players have signed up for the wait list. The subscription-based service could be a cash cow for Nvidia. But cloud gaming remains a work in progress. Widespread availability of 5G is required before cloud gaming reaches critical mass.Nvidia's other businesses face headwinds as well. Last quarter, the company projected continued weak sales for the data center segment. The analyst community also believes that the data center business has yet to turnaround. But if the company can beat expectations and provide an improved forecast, investors could see a boost in the Nvidia stock price.Much of this risk could already be factored into the Nvidia stock price. But this does not necessarily mean NVDA is undervalued. With this in mind, let's take a look at Nvidia stock's current valuation. Nvidia Stock is Not CheapNvidia stock continues to trade at a discount to AMD shares. NVDA currently trades at a forward price/earnings (forward P/E) ratio of 38, compared to AMD's 69.5 forward P/E. In terms of enterprise value/EBITDA (EV/EBITDA), NVDA trades at an EV/EBITDA ratio of 28.4, compared to AMD's EV/EBITDA ratio of 69.7.While NVDA trades at a lower valuation than AMD, I continue to believe that Nvidia stock is not cheap. NVDA trades at premium to broad line chip makers such as Intel (NASDAQ:INTC), which currently trades at a forward P/E of 11.5 and has an EV/EBITDA ratio of 7. Another broad line chip maker, Broadcom (NASDAQ:AVGO), trades at a forward P/E of 50.3, but at a lower EV/EBITDA ratio (14.2) than Nvidia. With the company's growth troubles, it is tough to justify the stock's current premium to the broad line chip names. NVDA may be a strong opportunity down the road, but not at the current price. * Stocks Under $7 to Invest in Now Bernstein analyst Stacy Rasgon agrees. Rasgon recently gave the stock a "market perform" rating, believing the shares' current valuation minimized potential upside. As he wrote in his client note, "We remain somewhat cautious into the print nonetheless, and believe better entry points may exist at later dates."Rasgon's price target is $150 a share. I believe NVDA stock could go materially lower. If NVDA continues to disappoint, shares could trade closer to the valuations of the broad line chip makers. Bottom Line on NVDA StockInvestors have beaten down NVDA stock but they're not yet at bargain levels. While the company's valuation is below arch rival AMD, Nvidia stock continues to trade at a fairly high valuation. More bad news could hit the price and present a stronger buying opportunity. But it could also be a warning sign to avoid the stock further. Take your time with NVDA. Wait until a better entry point, then make your move.As of this writing, Thomas Niel did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Growth Stocks to Buy for the Long Haul * 5 More Cloud Stocks With Plenty of Potential * 5 Clean Energy ETFs to Buy for 2019 The post Should You Buy Nvidia Stock Ahead of Today's Earnings? Not So Fast! appeared first on InvestorPlace.

  • Vishay Expands Semiconductor Offerings With New Power MOSFET
    Zacks

    Vishay Expands Semiconductor Offerings With New Power MOSFET

    Vishay Intertechnology (VSH) launches a 60 V TrenchFET Gen IV n-channel power MOSFET, SiSS22DN.

  • Silicon Valley stocks flash red as Dow posts worst day of 2019
    American City Business Journals

    Silicon Valley stocks flash red as Dow posts worst day of 2019

    Shares of Silicon Valley's biggest companies fell sharply on Wednesday as the Dow Jones Industrial Average closed out its worst day yet of 2019.

  • 2 Fast-Growing Chip Stocks With Solid Upside
    TipRanks

    2 Fast-Growing Chip Stocks With Solid Upside

    Investing is all about returns, and investors want to see their money work. The tech sector has long been known for spectacular return on investment (ROI) among the giant corporations. Just think about Amazon’s (AMZN) sky-high share price, or Microsoft’s (MSFT) trillion-dollar market cap – but the average tech stocks have shown themselves to be vulnerable to market pressures, especially from China. In today’s environment, with US-China trade tensions continuing to simmer and fears growing of a Chinese crackdown in Hong Kong, it only makes sense to expect tech stocks to suffer.But not all of them are. Here, we’ll look at two chip stocks that have been delivering for their shareholders, and have what it takes to succeed in these dynamic times. Flagging Microchip Technologies for a Bullish BreakoutThe semiconductor industry is broad, and Microchip Technologies (MCHP) has found its niche within it. The company focuses on integrated circuits, microcontrollers, and related processor chips for professional and home uses. MCHP’s products have a wide range of applications, from IoT to touchscreen technology to home appliances to the automotive, aerospace, and defense industries. It just goes to show that a narrowly focused product can have broader applications.And broader applications are good for profits. MCHP is up 25% year-to-date, beating the S&P 500’s 16% return, and in its recent fiscal Q1 earnings report beat the EPS estimate by 12.8%, on revenues that met expectations. In an added bonus for investors, MCHP has a history of regular dividend payments at 36 cents per share quarterly. While a modest payout, it’s a bit of icing on top of that year-to-date share appreciation.Wall Street’s top analysts are taking note of MCHP, acknowledging the company’s profitable niche and potential. 5-star Needham analyst Rajvindra Gill, who in January downgraded the stock, has since revised his stance and set it as a buying prospect. His $100 price target suggests an upside of 15% to the shares. (To watch Gill's track record, click here)Gill is not alone going bullish on Microchip. 5-star analyst Hans Mosesmann of Rosenblatt, wrote, “We reiterate our Buy rating for MCHP with a $115 price target…” That price target indicates a 32% upside. And writing from B. 4-star Riley FBR, Craig Ellis said, “Q/Q revenue growth midpoint, coupled with CEO Sanghi’s positive tone, embolden confidence growth is returning for chip suppliers…” Ellis set a bullish $120 price target, suggesting he sees room for a 38% upside potential.Overall, Microchip has a Strong Buy from the analyst consensus, based on 8 recent ratings including 7 buys and 1 hold. The average price target, $109, suggests an upside of 25% from the current share price of $90. (See MCHP's price targets and analyst ratings on TipRanks) Broadcom Stock Has 25% Upside, Says Merrill Lynch Broadcom (AVGO) Stock is up 9% so far this year, which underperforms the broader market indexes, but for return-minded investors AVGO’s dividend more than compensates the slower share gains. At 3.74%, the yield is double the S&P 500 average, and the high share price makes the payout $10.60 cents per share annualized.5-star Merrill Lynch analyst Vivek Arya took note of Broadcom’s recent acquisition efforts, specifically the company’s attempt to purchase cybersecurity company Symantec (SYMC). Arya writes, “In July, there were media reports of Broadcom being in talks to buy Symantec as a whole. The latest deal is reportedly for Symantec’s enterprise security business, which is a better fit for Broadcom than acquiring the entire company.” Arya goes on to note that Broadcom has a successful history of M&A, saying “the strategy has proved to be extremely effective in consistently generating free cash flow.” Arya’s approval of AVGO stock is reflected in $345 price target and 27% upside prediction on the stock. (To watch Arya's track record, click here)5-star analyst Mitch Steves, writing from RBC Capital, also takes a bullish stance on AVGO. In initiating coverage with a Buy rating last month, Steves said, “The stock offers potential for multiple expansion given the company's long-term earnings growth well into double digits and a healthy capital allocation.” Steves’ price target for Broadcom, $320, suggests a 18% upside.Broadcom’s analyst consensus rating is a Strong Buy, derived from 23 buy ratings and 7 holds given in the past three months. Shares are selling for $277 and the stock carries an average price target of $313, giving it an upside potential of 15%. (See AVGO's price targets and analyst ratings on TipRanks)

  • The $200K Club: NetApp's median employee gets a pay boost to join the salary ranks of Google, Netflix and Facebook
    American City Business Journals

    The $200K Club: NetApp's median employee gets a pay boost to join the salary ranks of Google, Netflix and Facebook

    NetApp Inc. this year paid its median employee just shy of $200,000 — a level that puts it on par with some of Silicon Valley's biggest companies and represents a 26 percent jump, year-over-year.

  • Huawei Hires Trade Lobbyists as Sales Slow in U.S.-China Fight
    Bloomberg

    Huawei Hires Trade Lobbyists as Sales Slow in U.S.-China Fight

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Huawei Technologies Co. hired the law firm Sidley Austin LLP to lobby on trade as the U.S. pressures allies to join it in blacklisting the Chinese telecom giant and the company finds itself increasingly mired in President Donald Trump’s trade war with Beijing.The lobbying, which began in July, will focus on export controls, trade sanctions “and other national security-related topics,” according to a disclosure filed with the U.S. Senate. The document shows that Huawei is deepening its ties to Sidley Austin, which is already working on the company’s legal challenges in the U.S., while also ramping up its lobbying presence.Huawei, which is under an existential threat after the Trump administration blocked it from buying American technology over national-security concerns, has been drawn into the latest escalation of the trade war.Only six weeks ago, following a meeting in Japan with Chinese President Xi Jinping, Trump said he’d delay imposing some restrictions on U.S. companies’ sales to Huawei. The U.S. even invited companies to apply for licenses under an exemption to the Huawei ban.But Bloomberg reported on Aug. 8 that the White House was holding off any decisions on those licenses. The delay follows a series of rapid-fire, tit-for-tat moves including Trump announcing plans to impose tariffs on $300 billion of Chinese imports in September and China halting purchases of U.S farm goods. The U.S. also declared China a currency manipulator.Deepens TiesSidley Austin is already defending Huawei and a U.S. affiliate against charges that they defrauded at least four banks by concealing business dealings in Iran in violation of U.S. sanctions.U.S. prosecutors are seeking to disqualify the company’s lead lawyer in the case, James Cole, because they say his former role as the No. 2 at the Justice Department gave him access to classified information that represents an “obvious conflict of interest.” A hearing has been scheduled in the matter in September.Meng Wanzhou, Huawei’s chief financial officer and the daughter of its billionaire founder, Ren Zhengfei, is also charged in the case. She remains free on bail in Vancouver while she fights extradition to the U.S.Sidley is also representing Huawei in a suit against the U.S. over seizure of telecommunications equipment during an investigation into whether the gear required export licenses. Neither Cole nor the lawyers listed in that lawsuit are among the lobbyists on the disclosure.The Chinese company is one of the world’s biggest purchasers of semiconductors. Continuing those sales is crucial to the fortunes of chipmakers such as Intel Corp., Qualcomm Inc. and Broadcom Inc., who sent their chief executives to meet with Trump in July.Huawei has seen a dramatic slowdown in sales growth as it deals with the U.S. campaign.Alphabet Inc.’s Google stopped providing Huawei with a version of its Android operating system, which lets apps run and provides mobile security on smartphones. That means Huawei, the world’s second-biggest smartphone seller, can no longer pre-install Google’s popular apps, like Gmail and YouTube, on Huawei devices.To fight back, Huawei last week unveiled an in-house operating system, called HarmonyOS, saying it can replace Android if Google’s software is barred from its future smartphones. But Ren also said the company needed a lot more time to build an apps ecosystem, a requirement for any operating software to thrive in the long run.American OnslaughtHuawei, which the U.S. says poses a risk because it must cooperate with Beijing’s espionage agencies under Chinese law, is kicking off a yearslong overhaul to create an “iron army” that can help it survive an American onslaught while protecting its lead in next-generation wireless, Ren warned in an internal memo seen by Bloomberg News.The U.S. says Huawei can build backdoors into its equipment and that it has stolen other companies’ intellectual property. The Shenzhen-based company counters that governments and customers in 170 countries use its equipment, which poses no greater cybersecurity threat than that of any communications technology vendor. Huawei says that the campaign results from Washington’s realization that the U.S. has fallen behind in developing fifth-generation mobile networks.Huawei, which had all but shut down its Washington lobbying operation at the end of 2018, has also recently hired the law firms of Steptoe & Johnson LLP and Jones Day as lobbyists. After Samir Jain, a Jones Day partner who served on President Barack Obama’s National Security Council, registered to lobby for the company, Trump criticized the move in a tweet. The company says Jain will help with legal efforts and not lobby.Sidley Austin also represents the U.S. division of Chinese video surveillance company Hangzhou Hikvision Digital Technology Co., Alibaba Group Holding Ltd. and organizations with ties to the governments of Hong Kong and Russia, according to disclosures. It also represents Bloomberg LP, the owner of Bloomberg News.\--With assistance from Ian King, Jenny Leonard, Shawn Donnan, Mark Bergen and Bill Allison.To contact the reporter on this story: Ben Brody in Washington at btenerellabr@bloomberg.netTo contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net, Jillian Ward, Paula DwyerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Why you may want to invest in semiconductors
    Yahoo Finance Video

    Why you may want to invest in semiconductors

    Yahoo Finance’s Adam Shapiro, Julie Hyman, and Brian Cheung join Hennion and Walsh Asset Management President and Chief Investment Officer Kevin Mahn and Villere Balanced Fund Portfolio Manager Lamar Villere.