Semiconductor Equipment

Chinese chipmaker Yangtze Memory Technologies Corp ousted American employees in core tech positions following the U.S. embargo on China.  Several U.S. citizens and green card holders in China had already left the memory chip producer, the Financial Times reported. Some...

U.S. stocks traded higher, with the Dow Jones gaining more than 100 points on Thursday. Here are some big stocks recording gains in today’s session. Skillz Inc. (NYSE: SKLZ) gained 22.6% to $1.08. Skillz is expected to release its Q3 results after the close of the market on Wednesday,...

(Thursday Market Open) Rates are taking off and British Prime Minister Liz Truss just resigned, shifting focus from positive earnings news that’s provided support. With that news arriving before the open, stock index futures backtracked slightly and yields climbed again.  That said...

Good Morning Everyone! Remember, in the short-term there's always a reason to sell. But we’re not short-term players. Price as of 4 pm EST, 10/19/22; % YTD MARKET UPDATE 10Y yield: hit year-to-date highs Fed Pivot? Maybe Pause? Bullard expects the Fed to end its front loading of...

Lam Research Corporation (NASDAQ: LRCX) shares are trading higher by 0.98% to $333.33 after the company reported better-than-expected first-quarter EPS and sales figures and issued guidance. What Happened? Lam Research reported quarterly earnings of $10.42 per share, which beat the...

The focus for investors and traders will shift from the inflation data last week to rates, earnings, and economic data this week.  Let’s begin with the last of the three: we have a handful of closely-watched data points that could move markets. Today, the NY Manufacturing data is...

Morgan Stanley analyst Joe Moore remained in line on U.S. semiconductors, recognizing obvious cyclical challenges that he thinks are partly priced in but still material uncertainty about where estimates can bottom.  He notes that most U.S. semiconductor companies have not yet guided down...

The U.S. weighed restricting access of American chipmaking equipment to memory chip makers in China, including Yangtze Memory Technologies Co Ltd, Reuters reports. The crackdown would involve barring the shipment of U.S. chipmaking equipment to factories in China that manufacture advanced...

Mizuho raised the price target for QUALCOMM Incorporated (NASDAQ: QCOM) from $168 to $175. QUALCOMM shares fell 3.7% to $147.80 in pre-market trading. Barclays raised the price target on Humana Inc (NYSE: HUM) from $500 to $570. Humana shares fell 0.7% to $475.00 in pre-market trading. BMO...

U.S. equities wobbled to start arguably the busiest week of earnings of the quarter. Monday kicked off the final week of trading for the month of July, and despite initial overall weakness (particularly in the Nasdaq), the largest indices are pacing for their best month of the year. In the month of...

Chipmaking stocks are bleeding post Micron Technology, Inc's (NASDAQ: MU) cautious Q4 guidance.  Piper Sandler saw DRAM, and NAND pricing decline, affecting Micron as mobile and notebook end-markets face continued weakness based on inSpectrum's June...

Piper Sandler cut Lam Research Corporation (NASDAQ: LRCX) price target from $627 to $596. Lam Research shares fell 1.8% to $472.61 in pre-market trading. SVB Leerink boosted the price target on Anthem, Inc. (NYSE: ANTM) from $483 to $555. Anthem shares rose 0.1% to $530.00 in pre-market...

Jefferies analyst Mark Lipacis' analysis of transistor count in CPUs supported his thesis of secular demand for wafer fab equipment. CPU die sizes have increased by 5x - 9x for Intel Corp (NASDAQ: INTC) and Apple Inc (NASDAQ: AAPL) over three to five years.  He...

Piper Sandler analysts Weston Twigg and Harsh Kumar jointly noted that inSpectrum released its January monthly memory contract pricing data, which indicated DRAM 8Gb DDR4 fell 8% month-over-month and that NAND 256Gb TLC dropped 1% on a month-over-month basis.  The analysts, who...