chipmakers

The U.S. semiconductor industry has hit a monumental milestone, amassing a combined market capitalization of $5.5 trillion as of Thursday. This achievement hypothetically positions the U.S. chipmaker industry as the world’s third-largest economy, surpassing Japan and trailing only behind the...

The U.S. stock market’s Wednesday session is a historic one, as both the S&P 500 and the Nasdaq 100 indices closed at record high levels, driven by increased investor confidence in artificial intelligence-driven growth expanding from the tech sector to the broader market. The S&P 500...

Wall Street rallied Wednesday as the services activity gauge indicated a stronger-than-expected expansion in May, pushing back fears of an economic slowdown which surfaced in recent days. Sentiment among service providers marked the highest monthly growth since August 2023, driven by robust...

NVIDIA Corp. (NASDAQ:NVDA) has been the standout tech stock of the past year, leading the Nasdaq 100 index in the performance ranking. The chipmaker giant has seen an astounding 186% surge since the end of May 2023, fueled by skyrocketing demand for chips in artificial intelligence development....

Wall Street resumed trading after the Memorial Day holiday with a familiar trend, as major chipmaker stocks significantly outperformed the broader market. Nvidia Corp. (NASDAQ:NVDA) shares surged over 6% to $1,128, reaching new all-time highs. Elon Musk's xAI plans to build a supercomputer...

Seasoned Wall Street investor Ed Yardeni, founder and CEO of Yardeni Research, has boldly rebranded the Magnificent Seven giants as the “Magnificent One,” referring only to Nvidia Corp. (NASDAQ:NVDA) as the key driver of this year’s market gains. Yardeni noted that the...

Tech stocks in the Nasdaq 100, as tracked by the Invesco QQQ Trust (NASDAQ:QQQ), soared to record highs during the week, marking their fifth consecutive week of gains — the longest streak since January — driven by Nvidia Corp.‘s (NASDAQ:NVDA) exceptional earnings report. Shares of the...

On Thursday, Wall Street opened the session with significant milestones as the S&P 500 and the Nasdaq 100 indices surged to new record highs. This rebound was driven by Nvidia Corp. (NASDAQ:NVDA), which soared 9% to $1,034 per share following outstanding earnings results and optimistic guidance...

Goldman Sachs has increased its one-year price forecast for Nvidia Corp. (NASDAQ:NVDA) from $1,100 to $1,200. Analysts Toshiya Hari maintains a ‘Buy’ rating after the chipmaker reported remarkable earnings for the first quarter (Q1) of the year. Hari also highlighted that Nvidia’s...

Nvidia Corp. (NASDAQ:NVDA) is in the spotlight this week as it prepares to report its first-quarter 2024 earnings on Wednesday. This announcement marks the first anniversary of its remarkable first-quarter 2023 earnings, which ignited an AI-driven rally in the chipmaker industry. The consensus...

The global supply of high-performance memory chips is expected to remain constrained throughout 2024, driven by the soaring demand for artificial intelligence technology. What Happened: The supply of high-end memory chips is projected to remain tight due to the exponential demand for AI technology...

The Biden administration has revoked export licenses that previously allowed major American semiconductor manufacturers, Intel Corp. (NASDAQ:INTC) and Qualcomm Inc. (NASDAQ:QCOM), to supply essential chips to Huawei. This decision, as confirmed by the Commerce Department to the Financial Times on...

Goldman Sachs revised its 12-month price target for Nvidia Corporation (NASDAQ:NVDA) to $1,100. That’s up from the previous $1,000, maintaining a ‘Buy’ rating. This update follows an increase in earnings projections for 2025 through 2027. Analysts continue to praise Nvidia’...

The semiconductor rally has soared past previous peaks witnessed during the dot-com bubble era, as Bank of America’s chief investment strategist Michael Hartnett observed in his latest report, ‘The Flow Show.’ The PHLX Semiconductor Sector Index, which monitors the performance of...

Investors are setting their sights on two pivotal events scheduled for Wednesday. At 2:00 p.m. ET, the Federal Reserve will release the minutes from its latest Federal Open Market Committee Meeting. Following the close of Wall Street’s trading session, Nvidia Corp., the S&P 500’s...