Stock Track | Lumentum Plummets 7.31% Intraday on Sector Weakness and CPO Mass Production Delay Concerns
Lumentum Holdings Inc. (LITE) saw its stock price plummet 7.31% during intraday trading on Monday.The sharp decline was attributed to broad weakness in the communication equipment sector and renewed...
Wrong. Russell index rebalance are forcing institutes to buy and sell, triggering algorithmic stop loss hunting
Semiconductor Stocks Decline in Premarket Amid Concerns Over Chip Demand and Potential OpenAI IPO Delay
Semiconductor stocks are broadly lower in premarket trading as investors worry whether robust chip demand can be sustained following widespread price increases for Apple and Xbox products....
Micron Technology's stock experienced a significant intraday decline of 5.02% on Thursday, contributing to a broader downturn across the semiconductor sector. The memory-chip maker's shares retreated...
Movement Alert｜Micron Technology Overnight Decline 3.11%, Semiconductor Sector Broadly Sells Off Amid Overbought Technical Signals
On June 4, Micron Technology declined 3.11% overnight, trading at $1055.01/share, with trading volume of $31.997 million. The pullback came amid a broad semiconductor sector selloff, with Broadcom...
Not much choice if china refuses to use nvdia chips
Nvidia Doubles Down on Taiwan With $150 Billion Investment. Turns Back on China. -- Barrons.com
Nvidia is brushing aside concerns over the vulnerability of Taiwan in the chip supply chain, as it plans to spend $150 billion annually with Taiwanese suppliers.Nvidia CEO Jensen Huang announced the huge spending plan at an event in Taipei to celebrate the launch of the chip maker's new campus in Taiwan on Tuesday.Huang noted that Nvidia is already spending around $100 billion a year annually in Taiwan, the home of its most important supplier Taiwan Semiconductor Manufacturing. He didn't give a time frame for the boost to its investment.Huang is in Taiwan ahead of the Computex conference, the annual event which acts as a showcase for the self-ruled island's technology industry and a reminder of its vital place in global supply chains.Nvidia's vote of confidence is an important one, amid persistent concerns that Beijing will one day move against Taiwan, which China considers its own.Those worries have intensified recently after President Donald Trump suggested earlier this month he migh
Trump Threatens Iran on Hormuz Fee as Israel Strikes Lebanon
President Donald Trump said he was “optimistic” about a deal with Iran but later threatened Tehran over charging fees in the Strait of Hormuz, as Israeli strikes in Lebanon and the continued closure...