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When you think about memory chips, you might think of South Korea. That’s because semiconductor companies Samsung Electronics and SK Hynix dominate that market. But Micron Technology, Inc. (MU) has been gaining momentum. The Idaho-based company is the only US manufacturer of cutting-edge DRAM ...
Micron (MU) reported third quarter results on Wednesday after the closing bell. Adjusted earnings per share (EPS) came in at $25.11 (compared to analyst estimates of $20.49), and revenue came in at $41.46 billion (compared to analyst estimates of $35.69 billion). CFRA Research senior vice president and equity analyst Angelo Zino chats with Yahoo Finance about the results.
Air Products & Chemicals (NYSE:APD) is a stock worth owning for decades because it sells an essential, contractually locked-in product into every corner of the global industrial economy and has raised its dividend for 44 consecutive years. For a retirement investor who has been whipsawed by thematic trades, this is the kind of position that ... 1 High-Yielding Industrial Juggernaut to Buy and Never Sell
Whether the questions are technical or fundamental in nature, markets are wondering more and more about this new industrial revolution.
Micron Technology forecast quarterly revenue above Wall Street estimates on Wednesday, signaling that insatiable demand for AI-related infrastructure will continue to drive strong demand for its memory chips. Shares of the company rose around 4% in extended trading. The company expects fourth-quarter revenue of $50 billion, plus or minus $1 billion, compared with analysts' average estimate of $43.58 billion, according to data compiled by LSEG.
Qualcomm is expected to use its investor day on Wednesday to lay out a push beyond its core smartphone business into the fast-growing, but highly competitive, market for AI data center chips. Analysts expect the San Diego-based company to name new customers for its AI chips as it tries to gain a foothold in a market dominated by Nvidia. The shift reflects mounting pressure in the smartphone market, where Qualcomm is one of the world’s largest chip suppliers to Android device makers.
The reported plan comes as memory-chip profits rebound on AI demand.
Four straight down sessions have erased more than $900 billion in equity value, with the proximate cause tracing to Seoul. The Kospi fell nearly 10% in its worst session in years, and SK Hynix and Samsung both plunging more than 12% the day after SK Hynix overtook Samsung as Korea’s most valuable company. Layered on ... $900 Billion Just Vanished as Korean Chip Stocks Crater, but the Squawk Crew Isn’t Sold on an AI Breakdown
SK Hynix, the giant South Korean chipmaker, formally filed on Wednesday to list its stock on the Nasdaq, in what would be another multibillion-dollar, AI-related IPO. The company, which primarily makes memory chips, plans to raise $29 billion, reports said. SK Hynix is the largest company in South Korea's Kospi index, representing nearly 28% of the index's weighting, according to FactSet.
BNY industry head of ETFs Ben Slavin chats with Yahoo Finance's Julie Hyman about Korea's KOSPI Index (^KS11), what the recent market action means for levered exchange-traded funds (ETFs), and why Big Tech ETFs are booming.
Arm Holdings stock is dropping once more, but that isn’t stopping analysts from hiking price targets.
The South Korean company is aiming to raise tens of billions of dollars as it battles to meet soaring demand for memory chips.
Massive repurchase plan could boost shareholder returns.
U.S. stock futures were mostly higher after AI-bubble fears prompted a two-day slide in tech shares.
The South Korean company is aiming to raise tens of billions of dollars as it battles to meet soaring demand for memory chips.
(Bloomberg) -- The volatility in South Korea’s benchmark equity index has become so extreme that investors and analysts are likening the market’s surging intra-day swings to the meme-stock frenzy.Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some Roles‘FOMO Really Got Me’: Taiwanese Go Deep Into Debt to Amp 100% Stock RallySpaceX Falls for Third Day, Erases $600 Billion in Market ValueKorean Stocks Tumb
Nasdaq futures were up after the selloff halted a boom in AI-related stocks. Micron Technology earnings after the close will be closely watched.
(Bloomberg) -- SK Hynix Inc. is looking to raise 45.45 trillion won ($29.4 billion) by selling depositary receipts on the Nasdaq exchange.Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some Roles‘FOMO Really Got Me’: Taiwanese Go Deep Into Debt to Amp 100% Stock RallySpaceX Falls for Third Day, Erases $600 Billion in Market ValueKorean Stocks Tumble 10% as Extreme Volatility Rattles InvestorsThe company
Tech stocks looked set to claw back some losses on Wednesday as investors bought the dip following a global selloff that dragged down shares in chip makers including Intel and Micron. Nasdaq 100 futures rose 0.5%. Dow Jones Industrial Average futures slid 95 points, or 0.2%.
Micron’s fourth-quarter outlook will be closely watched. The red-hot memory stock needs a big number.
KOSPI's early 4% rebound faded as SK Hynix reversed sharply, pulling the index back toward 8,300 ahead of Micron's earnings.
Asian stocks were mixed on Wednesday following a sell-off in big technology stocks from Asia to Wall Street. U.S. stock futures were also trading mixed, as global investors monitor market movements in Japan and South Korea, which have seen big gains in recent months on the global AI boom but both fell sharply on Tuesday. Samsung Electronics was up 3.7% after Tuesday’s 12.3% plummet.
(Bloomberg) -- Leveraged exchange-traded funds tracking Samsung Electronics Co. or SK Hynix Inc. were likely forced to sell a combined $6 billion of the Korean chipmakers’ shares Tuesday to maintain leverage ratios, underscoring how such products can amplify market moves, according to Bloomberg Intelligence. Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some Roles‘FOMO Really Got Me’: Taiwanese Go Deep
The memory chip superstar will deliver a highly anticipated earnings report Wednesday afternoon.
South Korean stocks bounced back Wednesday from the previous day's rout, while the rest of Asia battled to recover from a region-wide sell-off amid lingering concern about the AI spending boom.While no specific catalyst was blamed for the selling, analysts said it illustrated the growing concern on trading floors about the extended valuations of tech firms, who have been the key driver of a rally to record highs in several markets globally.
SK Hynix's overtaking of Samsung Electronics to become South Korea's most valuable firm was the culmination of 14 years of bets that brought it skepticism and scorn but ultimately put it at the centre of the global AI gold rush. In 2012, conglomerate SK Group acquired Hynix Semiconductor in a deal that was considered financially irresponsible. Samsung, in contrast, was valued at more than 10 times SK Hynix and was the global leader in Dynamic Random-Access Memory (DRAM), a memory type that powers laptops and smartphones.
Apple's artificial intelligence story isn't fading after its Worldwide Developers Conference. If anything, Wall Street is still going deeper into what Apple showed, what it promised, and how these new AI tools can change the company’s growth story and impact its stock price. Analysts are ...
Samsung Electronics plans a share buyback programme worth 90 trillion won ($58.61 billion) after agreeing to give a bonus in stock to employees following recent wage talks, the Yonhap News Agency reported on Wednesday. The memory-chip maker will soon announce details on the plan, Yonhap said, citing unidentified industry sources. Management and union last month reached a pay deal under which Samsung is expected to set aside about 10.5% of its operating profit for special bonuses for the chip division in the form of stocks, sparking concerns over inequality at the company.
South Korea's government is in talks with Samsung Electronics and SK Hynix over plans for the next phase of large-scale investments in semiconductor production facilities, an official said on Wednesday, adding an announcement on a new chip cluster would be made soon. "Exponential and explosive" growth in demand for chips driven by the AI industry could require the two companies to speed up ongoing construction of new chip facilities by more than 10 years to 2034-2035, presidential policy adviser Kim Yong-beom told a discussion panel.
Shares of data storage manufacturer Seagate (NASDAQ:STX) fell 6% in the afternoon session after a report that South Korea's SK Hynix is slowing its high-bandwidth memory (HBM) expansion rattled the AI-chip complex.
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