US-China chip war graphic Wong Yu Liang | Moment | Getty Images China remains an essential market for most American chipmakers despite Washington’s efforts to restrict chip sales to the country and amid Beijing’s push for self sufficiency in the semiconductor sector. Data from S&P Global showed that U.S. chip giants Intel, Broadcom, Qualcomm and Marvell Technology … Read more
It was another win for the bulls this week. Wall Street started the month of December higher Friday — building on November’s rally, which broke a three-month losing streak. November really lived up to its stellar reputation, with monthly gains of nearly 8.8% for the Dow , about 8.9% for the S & P 500 … Read more
Rafael Henrique | Sopa Images | Lightrocket | Getty Images Nvidia and a number of other chipmakers saw shares fall Tuesday morning after the U.S. announced new restrictions on exports of artificial intelligence chips to China. Shares of chip stocks have boomed in the last year due to the increased demand for AI products and … Read more
The U.S. Department of Commerce announced Tuesday that it plans to prevent the sale of more advanced artificial intelligence chips to China in the coming weeks. The U.S. government says the new rules are intended to close loopholes that popped up after last year’s restrictions on AI chip exports went into effect. Shares of chip … Read more
Matt Murphy, CEO, Marvell Expertise Scott Mlyn | CNBC Shares of Marvell Expertise continued a big in a single day rally Friday, surging about 32% off the again of quarterly earnings outcomes that beat on the highest and backside strains. On Thursday, the chipmaker posted 31 cents in adjusted earnings per share for the primary … Read more