|Bid||227.95 x 200|
|Ask||228.46 x 400|
|Day's Range||227.45 - 232.10|
|52 Week Range||102.11 - 254.50|
|PE Ratio (TTM)||47.45|
|Earnings Date||May 7, 2018 - May 11, 2018|
|Forward Dividend & Yield||0.60 (0.26%)|
|1y Target Est||249.58|
Is "sell in May and go away" a reliable rule for how to invest in stocks? Amazon, Nvidia, Adobe and the general market have shown why that old maxim is speculation, not strategy.
Earlier this week Alibaba said will make its own chip available for access through its cloud. Google has developed chips for AI, and Facebook has a nascent chip effort. Chinese retailer and cloud infrastructure provider Alibaba BABA is the latest company to think up its own design for processors that can run artificial intelligence software.
For some years now, there has been a tension between the world’s largest tech companies—Alphabet, Amazon.com, Facebook, Apple, Microsoft, Baidu, and Alibaba Group Holding—and the chip companies they rely on, especially Intel and Nvidia. While the giants buy massive quantities of Intel’s (INTC) microprocessors, and Nvidia’s (NVDA) graphics chips, or GPUs, to power their data centers, they are also in an arms race to have the best artificial-intelligence-based machine-learning functions. Because of this, there was always the possibility the giants might decide to buy fewer off-the-shelf parts and make their own custom chips to get an edge on one another.
The markets hate uncertainty, and there is more than enough of that to go around right now. But while near-term prospects might look hazy, traders can always take the long view and look towards the industry ...
In the April Action Alerts PLUS members' call, Jim Cramer talked about why it's bad that Nvidia is now tied to cryptocurrencies. Watch now.
Key stock market index funds dropped Thursday as Apple and Intel offset a big gain from American Express on the Dow Jones industrial average.
The interest rate watch is on, as are concerns that inflation could gain steam sooner than expected. "Yep, it's race to be the first trillion dollar company and the handicapping shows an insanely close race," writes TheStreet's Jim Cramer.
The world's largest contract chipmaker posted its first-quarter results before the opening bell Thursday, disappointing investors with lower-than-expected revenue guidance. "Moving into second quarter 2018, continued weak demand from our mobile sector will negatively impact our business despite strength in cryptocurrency mining," said TSMC Chief Financial Officer Lora Ho in a statement.
An Asian manufacturer that makes chips for bitcoin mining blamed uncertainty over cryptocurrency mining among the reasons for its weaker than expected guidance for the rest of this year. Taiwan Semiconductor Manufacturing (TSMC) is the largest semiconductor foundry company in the world and also makes chips for leading technology firms such as Apple and Nvidia. "Even if the Bitcoin price stays the same in 2H18, we believe mining profits would drop rapidly," says Morgan Stanley analyst Charlie Chan.
Shares of tech giants Apple (AAPL) and Nvidia (NVDA) opened nearly 2% lower on Thursday after Taiwan Semiconductor Manufacturing (TSM), a key chip partner for both companies, posted lower-than-expected revenue guidance for the second quarter.
U.S. shares of Taiwan Semiconductor Manufacturing Company fell on Thursday after the chipmaker lowered its full-year revenue guidance.
Look for the artificial intelligence (AI) player to kick off fiscal 2019 with continued powerful performance in data center and gaming.
Taiwan Semiconductor Manufacturing gave disappointing sales guidance for its second quarter due to the weak smartphone market.
Yahoo Finance's Seana Smith on US stocks losing ground, Apple and Nvidia shares under pressure after chip partner issues weak guidance, Qualcomm slides on layoffs and Amazon shares jump after CEO Jeff Bezos announces Prime has more than 100 million members.
China’s commerce ministry says the trade fight with U.S. won’t have a big impact on its economy. Yahoo Finance’s Alexis Christoforous and Editor-in-Chief Andy Serwer have that story.
South Korea says Kim Jong-Un is no longer demanding U.S. troops leave South Korea ahead of talks. But President Trump says walking away from the talks is still on the table. Yahoo Finance’s Alexis Christoforous and Editor-in-Chief Andy Serwer have more.