79.15 +2.53 (3.30%)
Pre-Market: 8:39AM EDT
|Bid||78.65 x 900|
|Ask||79.00 x 800|
|Day's Range||76.07 - 78.33|
|52 Week Range||49.10 - 90.34|
|Beta (3Y Monthly)||1.32|
|PE Ratio (TTM)||40.45|
|Earnings Date||Jul 31, 2019|
|Forward Dividend & Yield||2.48 (2.88%)|
|1y Target Est||96.59|
Stock fell Monday as the impact of the White House’s decision to blacklist Huawei rippled through markets Monday.
Huawei has more to worry about beyond Google's decision to suspend Android support . Bloomberg sources said that American chipmakers Intel, Qualcomm, Broadcom and Xilinx had told staff they wouldn't supply Huawei with parts "till further notice," leaving the Chinese tech giant without potentially vital components. Nikkei tipsters also claimed that Germany's Infineon had cut off "certain shipments" to Huawei out of caution, although a spokesperson since said that most of its products wouldn't be subject to the US blacklisting that had prompted companies to back away.
Chip stocks led stock futures higher Tuesday following a stay in U.S. trade measures against China's Huawei. But retailers including Home Depot lost ground.
A Look at NASDAQ’s Worst Performers YesterdayNASDAQ 100On May 20, the NASDAQ 100 Index continued to tank for the second consecutive day. In the last couple of days combined, it has lost nearly 3%. In the weeks ended May 10 and May 17, the NASDAQ
Marvell (MRVL) aims to enhance its product portfolio with the impending acquisition of Avera Semiconductors, which is expected to close by January 2020.
-- Oculus Quest Launches Today, Delivering an Immersive All-In-One Virtual Reality Gaming Experience Powered by Qualcomm Snapdragon -- SAN DIEGO , May 21, 2019 /PRNewswire/ -- Qualcomm Technologies, Inc., ...
Sprint and T-Mobile took another step toward getting their tortured $26 billion merger approved after the chairman of the FCC backed the deal. But the companies aren’t out of the woods yet.
The U.S. government has imposed heavy restrictions on Huawei, accusing the world's largest telecommunications equipment maker of being vulnerable to involvement in activities contrary to national security or foreign policy interests. Huawei denies this, saying Washington has produced no evidence to back up its claims and that independent testing of its equipment shows no vulnerability to potential Chinese espionage. Huawei Vice-President Catherine Chen told newspaper Corriere della Sera in an interview published on Tuesday that the company had been working in Europe for 10 to 20 years, collaborating closely with telecoms firms on developing 5G networks.
In commodities, crude oil gained 0.7% to $63.67 a barrel. Gold futures fell 0.1% to $1,275.45 a troy ounce, while the U.S. dollar index, which measures the greenback against a basket of six major currencies, rose 0.2% to 97.907.
BEIJING (AP) — Asian stocks were mixed Tuesday after anxiety over U.S. restrictions on sales to Chinese tech giant Huawei pulled Wall Street lower.
Although many investors were expecting a resolution to the trade war between the United States and China just a few months ago, it now seems that the trade war between the U.S. and China could last for a while. While numerous sectors are affected by the trade war, it seems that the semiconductor sector is arguably one […]
InterDigital and Qualcomm are the two major American holders of patents for wireless networking technology, including the 5G networks rolling out this year in China. Last week, President Donald Trump issued an executive order restricting the ability of U.S. firms to sell technology to Huawei, though officials on Monday eased some of those restrictions for 90 days.
Investing.com - Oil prices continued to rise on Tuesday in Asia, but gains were capped by concerns over the intensifying trade war between China and the U.S.
Investing.com - Asian markets were mixed in morning trade on Tuesday, with Chinese stocks moving higher as trade tensions between Washington and Beijing eased marginally.
The chip giant is engaged in a similar skirmish with Huawei over licensing fees, and it's one of several moving parts that Qualcomm investors must keep an eye on this week amid an escalating trade conflict between the U.S. and China. After telling employees on Monday that it will stop supplying Huawei until further notice, Qualcomm shares tumbled 5.87%.
Semiconductor ETFs Fall as US Chip Firms Stop Shipments to Huawei(Continued from Prior Part)The interdependence of the United States and China The United States is the biggest supplier and China is the biggest consumer of semiconductors in the
Google Cuts Ties with Huawei: How Will It Impact Chinese Firm?(Continued from Prior Part)Trump blacklisted HuaweiLast week on Thursday, the Trump administration added Huawei Technologies to a trade blacklist, which restricted US companies from
“It’s going to be long-term issue where we and the Chinese are going to have to figure out how to deal with one another, not just over months or years but even decades.” Yahoo Finance talks to Dr. Christopher Smart, Head of Barings Investment Institute to break down the latest in the U.S. China trade war.
Bessemer Trust's Rebecca Patterson on the tech trade pain. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Mark Tepper, Dan Nathan and Guy Adami.
Tech gets caught in the trade war crossfire. What the chip crush means for the markets. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Mark Tepper, Dan Nathan and Guy Adami.