Broadcom CEO says the semiconductor sector has hit bottom

semiconductor stocks
From Jeremy C. Owens: Semiconductor stocks were collectively trading about 3.5% higher Friday morning, after Broadcom Inc. AVGO, +10.09% results calmed some fears about the sector and the company's chief executive said that a downturn had reached its bottom. The PHLX Semiconductor Index SOX, +3.09% rose 3.5% in the first hour of trading and all 30 components were trading higher, led by Broadcom, which was up more than 11%. After Broadcom released earnings that were slightly better than expected Thursday after markets closed, Chief Executive Hock Tan said in a conference call, "We expect our semiconductor business to bottom in the second fiscal quarter driven almost entirely by the seasonal drop in Wireless. But looking to H2, we are confident the semiconductor business will resume very meaningful growth." That sentiment mirrors what other executives have said about a current down cycle for chip sales, including Microchip Technology Inc.MCHP, +2.31% CEO Steve Sanghi, who called a bottom last week and has a history of correctly predicting swings in the semiconductor sector. Besides Broadcom, chip-equipment stocks were hot, with Lam Research Corp.LRCX, +4.47% MKS Instruments Inc. MKSI, +7.77% ASML Holdings NVASML, +4.44% and Applied Materials Inc. AMAT, +3.85% increasing more than 4% Friday morning. The PHLX Semiconductor Index has declined 5% in the past year amid concerns about the chip sector, as the S&P 500 index SPX, +0.41% has gained 2.2%.
NYSE:SMH March 15, 2019 11:57am

Semiconductor sector climbs after Nvidia announces acquisition of Mellanox

nvidia stock
From Al Root: Nvidia is buying semiconductor maker Mellanox Technologies for $6.9 billion in an all-cash, cloud-computing-focused deal that could signal better days on the horizon for semiconductor stocks.
NYSE:SMH March 11, 2019 2:26pm

As the Semiconductor Sector Recovers, Which Stocks To Watch

semiconductor stocks
From Patrick Seitz: Finding the best semiconductor stocks to buy involves understanding the health of the markets that buy chips for their products.
NYSE:SMH February 28, 2019 3:07pm

Will The Technology Sector Recovery Continue Throughout 2019?

technology sector
From Nalak Das: After a disappointing 2018, Wall Street has been gaining momentum steadily in 2019. The technology sector, which bore the brunt of market volatility in 2018, has been recovering impressively so far this year. On Feb 22, the Technology Select Sector SPDR (XLK), one of the 11 sectors of the S&P 500 index, gained a significant 1.3%.
NASDAQ:QQQ February 27, 2019 3:36pm

A.I. Will Add $15 Trillion To The World Economy By 2030

increasing stocks
From Frank Holmes:

Artificial intelligence (AI) is no longer the stuff of science fiction. The technology is already disrupting multiple industries, many of which impact you on a daily basis. Own an iPhone X? Its facial recognition system is powered by AI. Ever been redirected by Google Maps because of an accident or construction ahead? You guessed it: AI.

ETF BASIC NEWS February 26, 2019 12:36pm

Morgan Stanley says tech stocks could offer another subpar performance

morgan stanley stock
From Evie Liu: Technology was one of the last sectors to be hit by 2018's volatility, but it suffered particularly badly in the fourth-quarter selloff. Tech stocks could offer another subpar performance when the market's momentum fades again, according to Morgan Stanley .
NASDAQ:QQQ

Semiconductor ETF sees large Inflow

money flowing bills
From ETF Channel: Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
NYSE:SMH February 15, 2019 3:49pm

The Nasdaq is on the verge of ending its longest bear market since 1991

nasdaq logo
From Mark Decambre: The Nasdaq Composite Index, often used as a proxy for the health of technology and internet-related stocks, on Wednesday was on the verge of ending its longest bear market, by one measure, since 1991.
NASDAQ:QQQ February 13, 2019 1:15pm

Cybersecurity Sector Rallies on Stronger-Than-Expected Earnings

2019 Stocks increase
From Sweta Killa: Cyber security stocks have been rallying lately on stronger-than-expected earnings. On a year-to-date basis, the stocks have crushed the broader market. Most of the cybersecurity firms beat the Zacks Consensus Estimate for both earnings and revenues and offered robust guidance.
NYSE:HACK February 11, 2019 4:16pm

Semiconductor stocks fall after Goldman Sachs warns that ‘fundamentals remain very soft’

semiconductor stocks
From Thomas Franck:
NYSE:SMH February 8, 2019 3:48pm

Video Game stocks are collapsing after reporting earnings

gaming
From Sara Salinas:
NYSE:GAMR February 6, 2019 3:40pm

Global sales of Semiconductors reached a record high in 2018

From Wallace Witkowski: Global sales of semiconductors reached a record high in 2018, reaching a trillion chips sold for the first time, even as growth tapered off in the second half of the year, according to the Semiconductor Industry Association on Monday. Sales of chips grew 13.7% to $468.8 billion worldwide in 2018 compared with 2017 sales. "Global demand for semiconductors reached a new high in 2018, with annual sales hitting a high-water mark and total units shipped topping 1 trillion for the first time," said John Neuffer, SIA president and chief executive, in a statement. "Market growth slowed during the second half of 2018, but the long-term outlook remains strong." The largest category of sales went to memory chips with $158 billion in sales, the fastest growing category at an increase of 27.4%, SIA said. Of those memory sales, DRAM sales products increased 36.4%, while sales of NAND flash products increased 14.8%. DRAM, or dynamic random access memory, is the type of memory commonly used in PCs and servers, while NAND chips are the flash memory chips used in USB drives and smaller devices such as digital cameras. In December, Micron Technology Inc. MU, -0.98% the largest U.S. maker of memory chips, forecast quarterly revenue that was nearly $1 billion less than Wall Street was estimating as the industry deals with oversupply issues. Micron shares, while up 23% in 2019, are down 4% over the past 12 months, compared with an 11% year-to-date gain in the PHLX Semiconductor Index SOX, +0.05%which is down 2.6% over the past 12 months. Compared to the broader market, the S&P 500 index SPX, +0.34% is up 7.9% for the year and down 2.1% over the past 12 months, and the tech-heavy Nasdaq Composite Index COMP, +0.91% is up 10% for the year and up 0.9% over the past 12 months.
NYSE:SMH February 4, 2019 1:32pm

Chip Stocks slide after Nvidia’s warning

nvidia stock
From Tomi Kilgore: Semiconductor stocks took a premarket dive Monday, after Nvidia Corp.NVDA, -15.02% cut its fourth-quarter revenue and gross margin outlook, citing weakness in its gaming and datacenter businesses. Shares of Advanced Micro Devices Inc. AMD, -7.11% sank 7.3% ahead of the open, after being down 0.5% just prior to Nvidia's warning, while Intel Corp.'s stock INTC, -1.46% dropped 2.0%, extended a loss of 0.8% just before the warning. Last week, Intel reported fourth-quarter total revenue, including data center revenue, that missed expectations. Micron Technology Inc. shares MU, -2.25% fell 5.4%, after being down 1.1% just before Nvidia's warning. Nvidia's stock plunged 15% in premarket trade, while the VanEck Vectors Semiconductor ETF SMH, -2.17% dropped 4.0%. The chip ETF has rallied 8.0% over the past three months, while the S&P 500SPX, -1.16% has edged up 0.2%.
NYSE:SMH January 28, 2019 1:31pm

Semiconductor stocks report earnings, provide a sigh of relief for the technology sector

Technology Sector
From Emily Bary: Investors concerned about the big swoon for tech stocks at the end of last year received welcome news Wednesday afternoon.
NYSE:SMH January 24, 2019 1:23pm

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