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Intel and other semiconductor companies were falling back on Tuesday morning after a Monday rally that sent multiple chip stocks to all-time highs. Intel was down 3% in premarket trading after having more than doubled in the past month through Monday’s close. Demand for artificial-intelligence infrastructure has boosted chip stocks across the board.
Tech stocks looked set to drop on Tuesday, as investors took the opportunity to lock in some profit following a stellar rally in chip stocks. Futures tracking the Nasdaq 100 were 0.7% lower. Red-hot Intel and Micron Technology both slid by about 2% and Qualcomm, which hit a record high on Monday, was down by a similar amount.
UNH, MRK and QCOM drew focus as analysts highlighted growth drivers, pipeline strength and expanding AI and automotive opportunities.
QUALCOMM Incorporated (NASDAQ:QCOM) is included among the 10 Best Robinhood Stocks to Buy According to Billionaires. On May 9, Tigress Financial Partners raised its price recommendation on QUALCOMM Incorporated (NASDAQ:QCOM) to $280 from $270. It reiterated a Buy rating on the shares. The firm said it sees Qualcomm as an “increasingly compelling investment opportunity” as […]
FTSE 100 down 39 points at 10,230 UK gilts near recent highs amidst possible Starmer exit Intertek received higher offer from private equity suitor Vodafone, Imperial Brands, Wickes report results 2.49pm: US stocks open lower Wall Street has joined in the selling party. The...
Qualcomm CEO Cristiano Amon is joining a U.S. business delegation on President Donald Trump's upcoming summit trip to China for talks with Xi Jinping. The delegation, which also includes leaders from Tesla and Apple, is focused on pursuing business agreements and discussing U.S. access to the Chinese market. The visit is expected to touch on semiconductor export rules and commercial ties between the U.S. and China. For investors watching NasdaqGS:QCOM, this trip sits at the intersection of...
Days before its fiscal second-quarter earnings report on May 14, Applied Materials (AMAT) unveiled a new co-innovation partnership with TSMC, the world's most important chipmaker, to be conducted inside Applied's new $5 billion EPIC Center in Silicon Valley. It is the largest U.S. investment ever ...
The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +0.19%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.19%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.29%. June E-mini S&P futures (ESM26 ) rose +0.18%, and June E-mini Nasdaq futures...
The phrase, emerging from Southeast Asia, is the best way to describe the market action on Monday. The S&P 500 rose 0.2% while the tech-heavy Nasdaq was up 0.1%. Investors had seen the S&P 500 and Nasdaq finish at a record last week as well.
A series of bullish catalysts just launched Qualcomm stock to record highs.
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GF Securities sees AMD, Intel and Qualcomm benefiting from rising AI server demand.
Qualcom Surges on Bold 2028 Data Center Chip Bet and AI Demand Wave
More than a dozen top U.S. business leaders will travel to China for President Trump’s visit this week with Chinese President Xi Jinping, representing various American industries from finance to manufacturing.
Qualcomm stock surged Monday and is on pace for its first record close since 2024 as enthusiasm around AI chips and data-center demand continues to build.
By Karen Freifeld WASHINGTON, May 11 (Reuters) - Nvidia CEO Jensen Huang is not going to Beijing during President Donald Trump's trip to China this week, a person familiar with the matter said on
Market Catalysts Host Julie Hyman and Yahoo Finance Senior Reporter Brooke DiPalma track several of the day's top trending stock tickers, including memory chip stocks Micron Technology (MU), Intel (INTC), and Qualcomm (QCOM) opening at record highs; shares of Moderna (MRNA) and Novavax (NVAX) reacting to concerns around the hantavirus; and Constellation Energy (CEG) affirming its full-year guidance after beating first quarter earnings estimates.
Elon Musk, Apple's Tim Cook, GE Aerospace's Larry Culp and Boeing's Kelly Ortberg will join U.S. President Donald Trump on his visit to China this week, a White House official told Reuters. Others taking part include Meta's Dina Powell McCormick, Blackrock's Larry Fink, Blackstone's Stephen Schwarzman, Cisco's Chuck Robbins, Micron's Sanjay Mehrota, Mastercard'ss Michael Miebach, Qualcomm's Christiano Amon and Visa's Ryan McInerney, the official said.