Chip stocks, including Intel and Texas Instruments, are bouncing back after a 20% decline, lifting the Nasdaq ahead of crucial earnings reports this week. Alphabet's move to develop AI chips is boosting tech sentiment, but the market remains cautious as earnings will determine if this is a genuine recovery or just short-covering. Meanwhile, geopolitical risks rise with Yemen's Houthi naval blockade threat to Saudi Arabia, adding energy supply concerns amid ongoing Fed rate hike fears. The Nasdaq's short-term trend is down, with Friday's low acting as a pivot point for potential recovery or further decline.
Intel reported its strongest revenue growth in over 15 years, fueled by rising AI demand, better manufacturing yields, and improved pricing. The company raised capital expenditure plans due to long-term customer commitments, signaling demand-driven c...
Tesla and SpaceX announced plans to build Terafab, a large advanced semiconductor factory in Grimes County, Texas, with an initial $16.8 billion investment. The facility will be the largest manufacturing building on Earth, spanning over 100 million s...
SoftBank reported a fiscal Q1 net profit of 347.3 billion yen ($2.2 billion), surpassing analyst expectations of 120.23 billion yen, despite an 18% year-on-year decline. The profit was driven by a 1.3 trillion yen ($8.2 billion) gain from its stake i...
The Direxion Daily Semiconductor Bull 3X Shares (SOXL) ETF gained 460.92% over the past year, far exceeding the 126.59% rise of its underlying semiconductor index due to daily compounding in a trending market. However, recent volatility showed the ri...
The Open Secure AI Alliance (OSAA), led by Nvidia and comprising over 120 companies, has created the Shared AI Findings Exchange (SAFE) to improve AI cybersecurity. The group, managed by The Linux Foundation, presented proposals for confidential inci...
