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Taiwan's Foxconn raises guidance for second-quarter outlook
Reuters62d agoneutral
Taiwan's Foxconn raises guidance for second-quarter outlook

Taiwan's ‌Foxconn ‌said on Friday ​that its second-quarter performance is ‌likely to ⁠be well above ⁠its previously anticipated ​forecast ​of "significant" ​growth. Foxconn, which ‌is Nvidia's biggest server maker and Apple's ‌top ​iPhone ​assembler, ​does not ‌provide numeric guidance ​for ​its outlook. (Reporting ​by ‌Ben Blanchard; Editing ​by Christopher ​Cushing)

Nvidia CEO sees robotics as next major sector in South Korea
Reuters62d agoneutral
Nvidia CEO sees robotics as next major sector in South Korea

Nvidia CEO Jensen Huang said on Friday that ‌he sees robotics as the next ‌major sector in South Korea. He was talking to reporters ​after arriving at Gimpo airport in South Korea on a flight from Taiwan. Huang said he had meetings scheduled ⁠with Hyundai, LG, SK, Samsung and Naver during his trip.

Morgan Stanley makes bold new call on Micron stock
TheStreet63d agoneutral
Morgan Stanley makes bold new call on Micron stock

Investors in Micron Technology (MU) stock have laughed all the way to the bank over the past year, especially those who bought into the AI memory story early. Putting the rally in context, Micron stock has gained almost 100% in the past month alone and over 350% over the past six months, ...

This Chip Stock Made a Comeback After Broadcom Earnings
The Wall Street Journal63d agoneutral
This Chip Stock Made a Comeback After Broadcom Earnings

Most chip stocks stayed lower today after Broadcom's guidance sparked a slump in the industry, but Marvell Technology wasn't one of them. The company, which recently got a high-profile endorsement from Nvidia CEO Jensen Huang, saw its shares bounce back Thursday to finish 4.

TSMC Forecasts Sustained AI Chip Demand
Investor's Business Daily63d agoneutral
TSMC Forecasts Sustained AI Chip Demand

TSM stock rose on Thursday after the company's annual shareholders' meeting. At the meeting, Chief Executive C.C. Wei said the contract chipmaker, better known as TSMC, won't be able to fulfill demand over the next few years, even as more manufacturing capacity comes online, Bloomberg reported. "It will be a long time before we can meet customer demand," Wei said.

Jim Cramer sounds the alarm on Marvell
TheStreet63d agoneutral
Jim Cramer sounds the alarm on Marvell

A single comment from Nvidia chief executive Jensen Huang added tens of billions of dollars to Marvell Technology’s (MRVL) market value in one trading session. Huang predicted that Marvell would become the next company to reach a $1 trillion valuation. Traders reacted instantly, pushing the stock ...

Can Wall Street Absorb $3.5 Trillion in New IPOs? SpaceX and Anthropic Could Trigger the Biggest Liquidity Stress Test
24/7 Wall St.63d agoneutral
Can Wall Street Absorb $3.5 Trillion in New IPOs? SpaceX and Anthropic Could Trigger the Biggest Liquidity Stress Test

The stock market has spent the past two years rewarding one theme above all others: artificial intelligence. Capital has flowed into a relatively small group of companies, pushing the valuations of AI leaders to levels few investors would have imagined in 2023. But what happens when two of the world’s most anticipated private companies suddenly ... Can Wall Street Absorb $3.5 Trillion in New IPOs? SpaceX and Anthropic Could Trigger the Biggest Liquidity Stress Test

How to Maximize Dividend Income in Retirement Before RMDs Change the Math
24/7 Wall St.63d agoneutral
How to Maximize Dividend Income in Retirement Before RMDs Change the Math

At the 24% federal bracket, a portfolio throwing off $40,000 in high-yield dividend income hands roughly $9,600 to the IRS every year when those shares sit in a taxable account treated as ordinary income. For investors in the gap years between retirement and RMD age 73, that drag compounds quietly until required minimum distributions force ... How to Maximize Dividend Income in Retirement Before RMDs Change the Math

Broadcom stock sinks. Are AI earnings expectations 'insatiable'?
Yahoo Finance Video63d agoneutralVIDEO
Broadcom stock sinks. Are AI earnings expectations 'insatiable'?

Broadcom (AVGO) stock sinks further in Thursday trading despite topping estimates for fiscal second quarter earnings and revenue, while also outpacing forecasts on third quarter guidance. Northwestern Mutual Wealth Management Company CIO Brent Schutte joins Yahoo Finance Senior Reporters Ines Ferré and Brooke DiPalma in assessing Broadcom's post-earnings stock reaction compared to other AI players.

Main Street Capital in a Roth IRA: Why the ‘O of BDCs’ Belongs in Your Tax-Free Account
24/7 Wall St.63d agoneutral
Main Street Capital in a Roth IRA: Why the ‘O of BDCs’ Belongs in Your Tax-Free Account

Business development companies (BDCs) pay distributions that are taxed mostly as ordinary income, not qualified dividends. For an investor in the 24% federal bracket (income over $105,700 single, $211,400 married filing jointly), that means roughly a quarter of every BDC payment held in a taxable account walks out the door at tax time. Few names ... Main Street Capital in a Roth IRA: Why the ‘O of BDCs’ Belongs in Your Tax-Free Account

Here Are Thursday’s Top Wall Street Analyst Research Calls: Broadcom, CMS Energy, Commercial Metals, FedEx Freight, Medtronic, Murphy Oil, Sherwin-Williams, TeraWulf, and More
24/7 Wall St.63d agoneutral
Here Are Thursday’s Top Wall Street Analyst Research Calls: Broadcom, CMS Energy, Commercial Metals, FedEx Freight, Medtronic, Murphy Oil, Sherwin-Williams, TeraWulf, and More

Pre-Market Stock Futures: Futures are trading mixed after the AI/Datacenter/Storage/Technology rally took a day off on Wednesday. By the close, all of the major indices finished the day down in a big way. The same issues that have added pressure to stocks once again showed up at the party, as rising interest rates and oil ... Here Are Thursday’s Top Wall Street Analyst Research Calls: Broadcom, CMS Energy, Commercial Metals, FedEx Freight, Medtronic, Murphy Oil, Sherwin-Williams, TeraWulf, and M

Broadcom tumbles as revenue miss clouds AI boom bets
Reuters63d agoneutral
Broadcom tumbles as revenue miss clouds AI boom bets

Broadcom shares sank about 12% in premarket trading on Thursday, a day after the company missed quarterly revenue ‌views and disappointed investors' lofty expectations of stronger momentum from the ‌AI boom. The chipmaker could lose more than $285 billion in market cap at the current price of $418.83, if ​losses hold. Broadcom vies with Nvidia, whose graphics processors remain the gold standard for AI workloads, underscoring intensifying competition at the top of the AI chip market.

Nvidia CEO mounts charm push in South Korea with TV talk show, baseball appearances
Reuters63d agoneutral
Nvidia CEO mounts charm push in South Korea with TV talk show, baseball appearances

When Nvidia CEO Jensen Huang makes his second visit to South Korea in just seven months this week, it won't be only to meet top memory chip and robotics executives, but ‌to throw the first pitch at a baseball game and appear on a TV talk show. Samsung Electronics and SK Hynix between them make about 70% of the ​memory needed for AI chips like Nvidia's. And the country's strength in manufacturing and robotics sets it up to be a key player in physical AI, where AI is embedded in robots, cars and factories. "Nvidia's dependence on South Korean suppliers is rising," Jeff Kim, an analyst at Seoul-based KB Securities, wrote in a research note.