|Bid||163.13 x 1800|
|Ask||167.83 x 1100|
|Day's Range||161.84 - 165.29|
|52 Week Range||151.58 - 197.31|
|PE Ratio (TTM)||4.62|
|Beta (3Y Monthly)||1.32|
|Expense Ratio (net)||0.47%|
Stocks pared losses after enduring a rollercoaster session ignited after the arrest of a Chinese telecommunications company executive muddled prospects of a U.S.-China trade resolution.
Global chip stocks tumbled on Thursday as the arrest of a top executive at Chinese tech giant Huawei renewed fears of an escalation in U.S.-China trade tensions.
Stocks pared some gains after optimism for a trade war truce between the U.S. and China had sent equities soaring earlier during Monday's session.
The stock market has undergone an intense selloff, and one of the sectors getting hit hardest is the semiconductor space. In other words, INTC stock has demonstrated an impressive resilience amid the recent market turbulence. The valuation of Intel stock is low, while the chip maker’s balance sheet is healthy and supported by strong cash flows.
Gerra expects Micron's core DRAM and NAND memory chip businesses to decelerate in pricing and performance over the next eight consecutive quarters. Micron's DRAM chips, or dynamic random-access memory, are used in desktop computers and servers, while its NAND flash memory is used in smartphones and solid-state drives.
In a pre-Thanksgiving rout, the broad market is feeling the pain of indigestion as the Dow Jones Industrial Average swallowed up to 500 points of losses, but the declines in the technology sector, specifically leveraged semiconductor exchange-traded funds (ETFs) like the Direxion Daily Semiconductor Bull 3X ETF (SOXL), could benefit from a dip in chips. For much of the year, SOXL was riding high on the strength of tech in the historic bull market run for U.S. equities, but it took a brunt of the semiconductor sector's punishment on Friday--down almost 7%--with its 300% exposure thanks to Nvidia missing on revenue for its third quarter earnings report. The losses continued to roil Nvidia on Monday as shares fell 9.3%, which in turn, caused the decline in SOXL by 8.73%.
NVIDIA tumbled as much as 20% ??? its worst one-day drop in more than a decade. The beaten down prices could be a solid buying point for investors.
Meeks indicates that the current correction weighing on tech names will likely accelerate, driven largely by continued losses for chip makers. "Right now, we're in the midst of what we call an inventory correction.
Nvidia outperformed analyst expectations in the earnings department, but missed on the revenue front, whiplashing semiconductor exchanged-traded funds (ETFs) in the process. Nvidia stock fell as much as 16% in Friday's early trading session, while semiconductor ETFs were taken down with it-- ProShares Ultra Semiconductors (USD) --down 5%, VanEck Vectors Semiconductor ETF (SMH) --down 2.34% and iShares PHLX Semiconductor ETF (SOXX) --down 3.30%. Leveraged ETF plays like the Direxion Daily Semiconductor Bull 3X ETF (SOXL) have been riding high on the strength of the technology sector in the historic bull market run seen in U.S. equities, but it took a brunt of the semiconductor sector's punishment on Friday--down almost 7%--with its 300% exposure.
Few sectors have been plagued by the trade dispute between the U.S. and China like technology has been. For example, President Donald Trump has pushed for restrictions on trade barriers with China, which might pose a threat to the sector. China is a key market for the global semiconductor industry, consuming more than $100 billion worth of semiconductors or roughly one-third of the world population.
NVIDIA (NVDA) and Applied Materials (AMAT) joined Texas Instruments (TXN), TSMC (TSM), and Advanced Micro Devices (AMD) in reporting weak earnings guidance for the December quarter. NVIDIA and Applied Materials’ earnings guidance missed analysts’ estimates, which sent the stock down 16.8% and 7.3% in the after-hours trading session on November 15.
Bulls cite Nvidia's leadership in the Artificial Intelligence inferencing space, a market that analysts expect will grow to reach $6.5 billion by 2025.
Semiconductor stocks and related exchange traded funds were among the better performing areas of the market Thursday as robust earnings results helped the sector rally. On Thursday, the VanEck Vectors ...
Bears at Bank of America Merrill Lynch were out with a note on Wednesday in which they downgraded shares of San Diego, Calif.-based semiconductor manufacturer Qualcomm from "buy" to "neutral." According to Bank of America's Tal Liani, even strong earnings will not be enough to offset softer smartphone demand and ongoing licensing disputes with global smartphone giants Apple Inc. ( AAPL) and Huawei Technologies Inc. “Our model suggests that management has exhausted most opportunities for P&L restructuring, yet earnings upside is not likely to be sufficient to increase the share price,” Liani wrote.
NVIDIA Corp.'s ( NVDA) stock has plunged 30% since reaching an all-time high this month. If that weren't enough, now the stock is facing a further 11% decline, according to technical analysis. NVIDIA is still expensive when compared to many other chip stocks.
Only the most defensive sectors escaped Wall Street's severe rout, which thumped chip stocks and most other equity ETFs Wednesday.
Unless you’ve been secretly living in a cave over the last few years, it’s easy to see how technology is changing our world. And it’s doing so at an exponential pace. Thanks to new advances in computing power, we are now able to do things that were considered science fiction only a few years ago. Leaps in machine learning, artificial intelligence and wireless connectivity are breathing life into new industries and disrupting old ones. The World Economic Forum has dubbed the movement the start of the Fourth Industrial Revolution.
Semiconductor stocks are having a bumpy 2018. While the sector is in the green overall, the chipmakers are trailing the Nasdaq Composite, as measured by the Invesco QQQ Trust (NASDAQ:QQQ) by a wide margin. The QQQ ETF is up 9% year-to-date, with the iShares PHLX Semiconductor ETF (NASDAQ:SOXX) up just half that for the year.
The recent weakness in shares of semiconductor manufacturer Nvidia Corp. ( NVDA) presents an opportunity for tech investors to buy the chip stock at a discount price, according to one team of bulls on the Street.