Jim Cramer named Intel his top chip stock pick, placing it above Nvidia due to strong fundamentals and recent analyst upgrades. Intel's shares jumped 9.27% to $116.96 following a shift from a sell to buy rating by analysts. The company reported solid Q1 FY2026 results with 7.2% revenue growth and a 22% increase in its Data Center and AI segment. Strategic investments from Nvidia, SoftBank, and U.S. government support, along with Intel's role in Nvidia's new systems, underscore its comeback in the CPU market. Despite a high forward P/E ratio reflecting ongoing turnaround efforts, Intel's stock has surged nearly 190% year-to-date, signaling renewed investor confidence.
Asian semiconductor stocks experienced a significant decline following a sell-off in US chipmakers, with SK Hynix shares dropping over 9% in Seoul after an earlier 8% rally. The sell-off reflects concerns over AI spending and profit-taking after a st...
Sanjeev Sharma forecasts the S&P 500 will finish 2026 slightly below its starting point due to weak consumer fundamentals like stagnant wage growth, high inflation, elevated gas prices, and rising interest rates. His disposable income-based model hig...
The Direxion Daily Technology Bull 3X ETF (TECL) is rated Buy due to easing inflation and a positive outlook for the Nasdaq-100, driven by growing AI infrastructure investments and increasing influence of smaller AI-related companies beyond the major...
Intel Foundry has begun high-volume manufacturing of select Intel Core Ultra Series 3 processors, known as Panther Lake, using ASML's High NA EUV lithography on the Intel 18A process node. This marks a key milestone in semiconductor manufacturing, de...
The Direxion Daily Semiconductor Bull 3X Shares (SOXL) surged nearly 293% year-to-date but recently fell about 30% in the last month, including a sharp 16% drop in one day. SOXL uses leverage to triple daily semiconductor index returns, but this also...
