Super Micro craters after earnings and revenues miss
is down double digits after posting fiscal fourth-quarter results that missed on the top and bottom lines. For the three months ending June 30, the AI server company reported: Adjusted diluted earning...
Navitas Semiconductor slumps as Nvidia halo effect fails to show up in its sales outlook just yet
, the tiny semiconductor company that went parabolic in late May after earning a place in supply chain, is tumbling more than 15% after reporting second-quarter results. The numbers themselves weren’...
Microsoft and Meta’s earnings are making every part of the AI supply chain surge
I didn’t hear no bell. Two knockout earnings reports from tech heavyweights, and , aren’t just causing their stocks to soar this morning — they’re lifting the entire AI complex. These companies are b...
Nvidia and Broadcom drive entire S&P 500 rally as Morgan Stanley ups price targets
As of 11 a.m. ET, all of the rise in the on Wednesday can be attributed to just two companies: and . Morgan Stanley analyst Joseph Moore raised his price targets on these stocks, to $200 from $170 ...
Marvell Technology soars as Morgan Stanley ups price target to $80
is roaring higher in early trading, up nearly 10% to lead the Nasdaq 100, with Morgan Stanley boosting its price target on the stock to $80 from $73. Analyst Joseph Moore, who maintained his “equal we...
White-hot Chinese demand is spurring Nvidia to order even more H20s: Report
Chinese demand for processors is so strong that the chip designer is tearing up its two-week-old plans in order to sell even more AI GPUs to the world’s second-largest economy. That’s the skinny of a...
Cadence spikes after semi design company beats on earnings and sales while hiking full-year guidance
Solid second-quarter results are propelling semiconductor software and hardware seller sharply higher in the after-hours session. President and CEO Anirudh Devgan called the quarter “exceptional,” an...
Samsung soars after Elon Musk says Tesla signed a deal to buy $16.5 billion in new AI chips
Shares of Samsung Electronics had their best day of the year, rising 6.8% during trading in South Korea after the electronics giant announced a $16.5 billion chip manufacturing deal. Loose terms of th...
Intel’s job cuts can’t distract Wall Street
Usually job cuts are just the thing to warm Wall Street’s heart. But disclosure that it plans to shed more than 20,000 additional jobs by the end of the year — made as part of its Q2 earnings report ...
Intel dips on Q2 report, positive sales forecast
rose in the after-hours session Thursday after it reported a sixth straight quarterly loss that was much deeper than Wall Street analysts had expected, but offered a better-than-expected sales forecas...
Wall Street awaits Intel’s turnaround update
Wall Street is eagerly awaiting earnings from after the close Thursday, with analysts and shareholders hoping that newly installed CEO Lip-Bu Tan, who took over in March, will offer some tangible evi...
Why CoreWeave announcing the date of its Q2 earnings actually matters
, the recently IPO’d provider of access to Nvidia’s GPUs, announced on Wednesday that it will be releasing earnings on August 12 after the market closes . Normally, we would not write about companies ...
Google’s new capex guidance is music to Broadcom’s ears
The hyperscalers’ capex outlooks are the AI chip designers’ earnings outlooks. To that end, Alphabet boosted its outlook for capital expenditures in 2025 to about $85 billion in its release of Q2 earn...
Texas Instruments: Here are some very good earnings. Traders: ¯\_(ツ)_/¯
A great second quarter isn’t appeasing traders of , the company that makes semiconductors and (much less lucratively) the calculators you used in high school. TI posted earnings per share of $1.41 and...
Report: Weeks after raising $10 billion, Musk seeking another $12 billion for xAI to buy Nvidia GPUs
Fresh off a $10 billion funding round and an embarrassing episode involving its Grok model declaring itself “MechaHitler,” Elon Musk’s xAI needs even more cash for GPUs for its massive data center ex...
TSMC surges on record quarterly profit and raised outlook
is up more than 4% in early trading, after the world’s leading chip supplier posted NT$398.3 billion (~$13.5 billion) in net profit for Q2, beating forecasts and up 60.7% from last year, and raised it...
Semiconductor industry keystone ASML tumbles after saying growth in 2026 isn’t guaranteed
Shares of , the second-biggest company in Europe and a critical choke point in the semiconductor design process , are tumbling despite second-quarter results that surpassed every analyst’s estimates f...
S&P 500 slips as Nvidia’s surge spares benchmark indexes from a bludgeoning
Chipmakers got a lift from the ability to send AI processors to China once again, but that was only enough to stave off a much bigger decline for the S&P 500 in a session where the lion’s share of con...
MP Materials soars again on Apple investment
is up 11% premarket after a report that plans to invest $500 million in the operator of the only US rare earths mine as part of its $500 billion US expansion . Aptly named US rare earth supplier is ...
“This is a huge win for tech stocks”: Ives on US relaxing AI chip sales to China
and are leading a massive rally in chip stocks this morning after indicating that they’re able to start selling AI chips that had been under export restrictions to China once again . As of 8:30 a.m. ...