|Day's Range||6.50 - 6.50|
U.S. stocks rose slightly in a choppy session of trading as investors considered major corporate bellwethers’ concerns that a slowing global growth environment was crimping their quarterly earnings results.
Against these expectations, however, the PHLX Semiconductor Index (NASDAQ: SOX) appears to be charging ahead. Since reporting Q2 earnings, AMD shares have risen around 2%, while INTC advanced 0.5%. Looking ahead, INTC is scheduled to report Q3 earnings results this Thursday, Oct. 24.
The following is an opinion editorial from Rich Uhlig of Intel Corporation. Quantum computing receives a lot of attention due to its potential to take on problems beyond the reach of today’s computers, such as new drug discovery, financial modeling and exploring how the universe works. Universities, governments and technology companies around the world are striving to achieve a commercially-viable quantum computing system.
(TXN) (ticker: TXN) gave a forecast that was much worse than expected in its Tuesday earnings report, with a new revenue estimate range that fell as much as a half-billion dollars lower than Wall Street’s consensus revenue estimate. The Philadelphia Semiconductor Index is up nearly 40% this year, continuing a roller-coaster ride as the semiconductor downturn has persisted. Shares of Texas Instruments tumbled 9% in premarket trading Wednesday, and other semi stocks fell as well, as Texas Instruments executives blamed broad-based weakness among its customers, plus ongoing trade issues.
Google said it has achieved a breakthrough in quantum computing research, saying an experimental quantum processor has completed a calculation in just a few minutes that would take a traditional supercomputer thousands of years.
Chipmaker Intel Corp has filed an antitrust lawsuit against a SoftBank Group Corp-owned investment company alleging the firm stockpiled patents to hold up technology companies with numerous lawsuits. The complaint filed late Monday in the U.S. District Court for the Northern District of California in San Jose alleged that Fortress Investment Group, which SoftBank bought in 2017 for $3.3 billion, acquired control of more than 1,000 U.S. technology patents. Intel said that Fortress and other companies it owns or controls filed lawsuits against the Santa Clara chipmaker claiming that nearly every Intel processor made since 2011 infringed patents the companies had obtained control of from NXP Semiconductors.
Thursday, October 24 marks a huge day for Intel (INTC) investors. The chip and GPU giant is set to report its third-quarter 2019 earnings after the closing bell.
Here is a sneak peek into how four technology stocks, namely, Intel, Twitter, Citrix and VeriSign, are poised ahead of their third-quarter 2019 earnings releases on Oct 24.
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Intel stock has been battered by product missteps, rising competition and a downswing in chip demand. Here is what the fundamentals and technicals say about the chipmaker's shares.
Intel Corp. is saddled with expectations to lead a hoped-for turnaround in the semiconductor market, but even unexpected growth in personal-computer sales are unlikely to show that a rebound has begun.
The recent run-up in semiconductor stocks may be finally ending, as Texas Instruments does not call a bottom to the downturn.
Since Intel last disclosed its results on July 25, the company’s stock (ticker: INTC) is roughly flat along with the S&P 500 index. • Wall Street analysts are predicting that the company will report third-quarter adjusted earnings of $1.23 per share and $18.05 billion of revenue. • Last Friday, Bernstein analyst Stacy Rasgon reaffirmed his Underperform rating for Intel stock, citing Taiwan Semiconductor Manufacturing’s advantage in chip manufacturing technology.
(Bloomberg) -- Semiconductor stocks in the U.S. tumbled after Texas Instruments raised alarms with a fourth-quarter revenue forecast that trailed the lowest estimate on Wall Street. Lynx Equity, including analysts KC Rajkumar and Jahanara Nissar, warned clients that the Dallas company’s miss was “not an auspicious start to the earnings seasons for semis.”Intel Corp., Xilinx Inc., Microchip Technology Inc., Analog Devices Inc. and Nvidia Corp. were among chipmakers that fell more than 2% in after-hours trading. Texas Instruments plunged as much as 11%.Texas Instruments is the first U.S. semiconductor maker to report earnings for the most recent quarter, at a time when chip stocks have surged on optimism that the U.S.-China trade war will reach a settlement and demand will improve. The Philadelphia Semiconductor Index has gained 39% in 2019.What will resonate with investors the most, says Lynx Equity, is the revelation that “most markets weakened further,” according to Texas Instruments chief executive officer Rich Templeton in a statement. Lynx expects “the broad-based semi sector to trade down in sympathy tomorrow.”While expectations for Texas Instruments were relatively subdued, its earnings results are closely watched by investors because of its broad customer base and geographic reach.(Adds Lynx Equity comments throughout)To contact the reporters on this story: Jeran Wittenstein in San Francisco at firstname.lastname@example.org;Kamaron Leach in New York at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Scott SchnipperFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The complaint filed late Monday in the U.S. District Court for the Northern District of California in San Jose alleged that Fortress Investment Group, which SoftBank bought in 2017 for $3.3 billion, acquired control of more than 1,000 U.S. technology patents. Intel said that Fortress and other companies it owns or controls filed lawsuits against the Santa Clara chipmaker claiming that nearly every Intel processor made since 2011 infringed patents the companies had obtained control of from NXP Semiconductors.
Market breadth remains supportive of all-time highs (ATHs) in major and minor stock indices. Bullishly, breadth for the majority of indices continues to lead price, as has been the case since the secular bull market began in 2009. Indeed, the average stock just doesn’t seem to care about negative headlines. How stocks react to good and bad news is a pretty good tell -- and right now, the market is simply ignoring a tough news flow. The S&P 500 (SPY) and the S&P 400 MidCap (MDY) advance/decline (AD) lines both moved to ATH’s last week. The NYSE common stock only and the S&P 600 AD lines are very close to ATH’s. At the same time, the S&P 400 remains almost 4% from its ATH from September 2018, and the S&P 600 is a remarkable 13% from its August 2018 ATH. As we have said, it’s hard to get too bearish with this underlying strength.
Intel (INTC) Q3 results are expected to have benefited from improvement in PSG, IoTG and Mobileye segments. However, decline in CCG, DCG and NSG is anticipated to have affected in the Q3 results.
The strategic alliance combines Corning's (GLW) wireless connectivity portfolio and Intel's cutting-edge technologies to boost the availability of 5G in buildings.
As most companies in this space have seen no negative earnings estimate revisions, semiconductor ETFs might continue to see smooth trading in the weeks ahead.