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☆ Chip stocks have been through wild swings, but analysts still like these names — giving one 97% upside
▼ + stars: | 2024-09-12 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Semiconductor stocks have been volatile. Last Friday, the VanEck Semiconductor ETF fell 11.6% in a day. Investors might be wondering: What's the outlook for semiconductor stocks — which have been boosted by artificial intelligence — and are there pockets of buying opportunity? It expects orders for PCs and general servers to improve next year as AI-driven demand picks up. As for memory chips, supply is set to remain tight at least till the first half of 2025, thanks to investments in high-bandwidth memory, Morningstar said.

Persons: Morningstar, GlobalWafers Organizations: VanEck Semiconductor, SK Hynix, Micron Technology, Morningstar, Edge, Samsung, Screen CNBC, Van Eck Semiconductor Locations: United States

☆ Here are Thursday's biggest analyst calls: Apple, Nvidia, Roku, Meta, Oracle, Broadcom, Micron & more
▼ + stars: | 2024-09-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +4 min

Wells Fargo initiates Blackrock as overweight Wells Fargo said the asset manager is well positioned. " Bernstein reiterates Nvidia & Broadcom as top ideas Bernstein said both stocks remain top picks at the firm and that margin fears are overdone. Bernstein reiterates Oracle as a top idea Bernstein said it sees "increasing revenue growth" for Oracle. " Morgan Stanley reiterates Amazon, Alphabet and Meta as overweight Morgan Stanley said the three internet giant's are well positioned in the ad market. Morgan Stanley reiterates Apple as overweight Morgan Stanley named Apple to its Vintage Values list as a stock to own for the next 12 months.

Persons: Wells, Wells Fargo, Stephens, Bernstein, Blackwell, Morgan Stanley, Goldman Sachs, Goldman, Jefferies, McDonald's, it's, Wolfe, Apple, Raymond James Organizations: Simon Property Group, SPG, Blackstone, Apollo, TPG, SF, APO, Blackrock, Nvidia, Broadcom, Oracle, Bank of America, Diageo, of America, Barclays, TAM, CTV, FedEx, UBS, Costco, " Bank of America, Apple, Micron

☆ Jim Cramer names chip stocks to buy on the dip
▼ + stars: | 2024-09-09 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Monday recommended three chip stocks to buy at a discount: Micron , AMD and Arm . "I think the chip stocks have sold off way too hard," he said. The chip sector has retreated in recent weeks, with SMH , a prominent semiconductor exchange-traded fund, down more than 18% from its 52-week high in July, according to FactSet. Micron : Cramer called Micron "the market leader in memory chips," and said the hyperscalers building out data centers need memory. He added that he thinks the stock is currently cheap based on its earnings estimates for the next fiscal year.

Persons: CNBC's Jim Cramer, FactSet, Cramer, —, stoking, AMD's Organizations: Micron, AMD, Nvidia, Apple

☆ Stocks making the biggest moves midday: Cleanspark, Vaxcyte, Unity Software and more
▼ + stars: | 2024-09-03 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Cleanspark released its mining update for August, which showed that it mined 478 bitcoins last month. Vaxcyte – Shares were recently up more than 36% and earlier hit a record high after the vaccine company reported positive results from the Phase 1/2 study for its 31-valent pneumococcal conjugate vaccine candidate. Semiconductor stocks – Shares of some of the biggest chipmakers fell during the first trading session of the month. Last week, shares fell 19% on news of its filing delay and Hindenburg's disclosed short position. United States Steel – Shares fell around 6% after Vice President Kamala Harris opposed the planned sale of U.S. Steel to Japan's Nippon Steel at a Labor Day rally for union members in Pittsburgh.

Persons: Cleanspark, Vaxcyte, Leerink, Morgan Stanley, Redfin, Charles Liang, Hindenburg's, Hindenburg, Kamala Harris, Harris, Lisa Kailai Han, Pia Singh, Jesse Pound, Fred Imbert, Michelle Fox Organizations: Leerink Partners, Boeing, Riley Securities, Semiconductor, KLA, Nvidia, Micron Technology, Taiwan Semiconductor Manufacturing, Broadcom, Hindenburg, Securities and Exchange, United States Steel, Steel, Japan's Nippon Steel, Labor, U.S Locations: Wells, U.S, Pittsburgh, American

☆ Cramer says the time to buy Home Depot is before a Fed rate cut — plus, takes on 4 more stocks
▼ + stars: | 2024-08-13 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +1 min

"You buy Home Depot before a rate cut, so I mean, it's ridiculous that this stock was down 15. That's just a knucklehead thing to do," Jim Cramer said. On Holding : Shares have been volatile after the Swiss shoemaker reported a better-than-expected quarter but maintained its full-year profit outlook. While analysts maintained their buy-equivalent rating on the stock, they warned that the memory chipmaker could see an increase in inventory, as well. "I like someone who is buying back" their own stock, Cramer said, referring to Micron's recent announcement that it restored its share repurchase program after pausing it in December 2022.

Persons: Jim Cramer's, That's, Jim Cramer, Cramer, Baxter, Carlyle, Hormel Organizations: CNBC, Club, Hormel, Citigroup, Micron Technology Locations: Swiss

☆ Podcast: Japan's quest for the most powerful microchip leads semiconductor revival
▼ + stars: | 2024-08-13 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +25 min

At the end of [the] 1980s, Japanese companies accounted for like 51% of the global semiconductor market. So by doing this ... one thing undercut Japanese semiconductor chip makers' competitiveness in the global market. Another thing [is] that [it] forced open [the] Japanese semiconductor market to foreign players, and this creates opportunity for the U.S., South Korea and Taiwan. And Japanese companies are trying to both develop their own capacity but also attract phone companies to establish fabs there. So by collaborating with international companies, Japanese companies can leverage their existing technology and manufacturing techniques to expand their global share as well.

Persons: Tom Chitty, Fei Xue, Tom Chitty Well, Arjun, Kharpal Fei, Reagan, Arjun Kharpal, Fei, it's, TSMC, Fei Xue Yes, Rapidus, Arjun Kharpal Fei, they're, there's, ASML, you've, He'd, Tom Chitty Fei, Arjun Arjun Kharpal, Tom, Tom Chitty We'll Organizations: TSMC, Rapidus Corporation, Samsung, Economist Intelligence Unit, Economist Intelligence, The Economist, Economist, East, International Relations, U.S, U.S ., Taiwan Semiconductor Manufacturing, IBM, Apple, EV, Japan, Nvidia, Micron, Sony, Nintendo, Canon, South, Samsung Electronics, Tokyo, Screen Holdings Locations: Japan, Taiwan, U.S, Netherlands, Tokyo, beyondthevalley@cnbc.com, East Asia, Fei Xue Japan, South Korea, Japan's, Kyushu, Kumamoto Prefecture, TSMC, That's, China, Kumamoto

☆ Tuesday's rapid fire: Home Depot, On Holding, Baxter, Hormel Foods and Micron
▼ + stars: | 2024-08-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTuesday's rapid fire: Home Depot, On Holding, Baxter, Hormel Foods and MicronCNBC's Jim Cramer on Tuesday offered his thinking on five stocks outside the Investing Club portfolio.

Persons: Baxter, Jim Cramer Organizations: Hormel Foods, Micron

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Qualcomm, Robinhood, Starbucks, Disney & more
▼ + stars: | 2024-08-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Monday's biggest calls on Wall Street: UBS reiterates Nvidia as buy UBS said it's sticking with Nvidia shares heading into earnings later this month. Wolfe downgrades Qualcomm to peer perform from outperform Wolfe said Apple's internal modem use is finally having an effect on Qualcomm. Jefferies upgrades Par Technology to buy from hold Jefferies said it's bullish on shares of the "pure-play" restaurant tech platform. " Deutsche Bank upgrades Eli Lilly to buy from hold Deutsche upgraded the stock following earnings last week. Bank of America upgrades Churchill Downs to buy from neutral Bank of America said it likes the racing company's growth pipeline.

Persons: Morgan Stanley, Disney, it's, Wolfe, Qualcomm, Wedbush, it's bullish, Jefferies, Walmart Evercore, Piper Sandler, Piper, HOOD, Goldman Sachs, Mills, Goldman, Canaccord, Mizuho, Cummins, Wells, PRU, Eli Lilly, Churchill, Jim Anderson Organizations: UBS, Nvidia, RBC, Ardent Health, Ardent Health Partners, Inc, Qualcomm, Jefferies, Technology, Walmart, HSBC, GE Vernova, GE, Micron, MU, Elliott, Bank of America, Liberty Global, underperform Bank of America, Liberty, Prudential, Allstate, Deutsche Bank, Deutsche, of America, " Bank of America Locations: Asia, Cupertino, Wells, Churchill

While keeping his outperform rating, Vijay Rakesh chopped $10 off his price target to $145. The Oreo maker should see above-average earnings growth, Jordan said, and the stock itself is a high-quality core holding. — Alex Harring 5:50 a.m.: UBS lays out earnings expectations for Nvidia UBS is remaining bullish on Nvidia heading into the artificial intelligence giant's earnings report. Analyst Timothy Arcuri reiterated his buy rating and $150 price target heading into earnings expected later this month. His price target of $23, up from $20, implies a gain of 28.3% over the next 12 months.

Persons: Piper Sandler, Vijay Rakesh, Rakesh, Alex Harring, Shaun Kelley, Kelley, — Alex Harring, Eli Lilly, Eli Lilly's, James Shin, Shin, Jefferies, Samad Samana, Samana, Goldman, Goldman Sachs, Mills, Leah Jordan, Jordan, Kraft Heinz, Timothy Arcuri, Arcuri, Patrick Moley, Morley, HOOD, Fred Imbert Organizations: CNBC, UBS, Mizuho, Micron, Seagate Technology, Western, Bank of America, Gaming, Consumer, Terre Haute, Kentucky Derby, Deutsche Bank, Par Technology, Jefferies, Conagra Brands, Hershey, Nvidia UBS, Nvidia Locations: Churchill, Northern, Northern Virginia, Kentucky, Robinhood

☆ Goldman says buy these cheap stocks with healthy fundamentals during this sell-off
▼ + stars: | 2024-08-12 | by ( John Melloy | ) www.cnbc.com time to read: +1 min

"If economic fears continue to fade and the market becomes more micro-driven in coming months, then the recent sell-off represents an attractive opportunity to buy stocks with healthy fundamentals at valuation discounts," wrote Goldman chief U.S. equity strategist David Kostin and team in a note to clients Friday. Goldman screened for stocks that have seen their earnings estimates ratchet up since the start of the third quarter, but posted weak relative returns during the last week. Goldman noted that cyclical stocks underperformed defensive names last week, showing that "macro" is driving equity returns. Once investors' focus returns to normal, stocks with strong fundamentals and valuations like those on this list will start to benefit, the firm argues. "If the data confirm our economists' optimistic view, investors will likely pivot back to focusing on alpha opportunities rather than market betas."

Persons: Goldman Sachs, David Kostin, Goldman Organizations: Goldman, Micron, Systems

☆ On paper the stock market should be great, not on a knife's edge. But that's the opportunity
▼ + stars: | 2024-08-11 | by ( Jim Cramer | ) www.cnbc.com time to read: +13 min

For example, this season started with the banks roaring higher on great numbers, legitimately great numbers led by a phenomenal Bank of America quarter. The later just made no sense because it is pulling away from Intel on the low end and if Nvidia really does have production problems then AMD is the de facto winner. In fact, the only stock that didn't suffer from an Nvidia relation, Apple, got through earnings without too much trouble. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: —, techs, We've, Warren Buffett, Buffett, industrials Eaton, Donald Trump, we've, execs, I've, Kamala Harris, Trump, Jim Cramer's, Jim Cramer, Jim, Rob Kim Organizations: Federal Reserve, of America, Bank of America, Club, Apple, Fed, SL Green, Boston Properties, Nvidia, Arista Networks, Micron, Dell, Hewlett Packard Enterprise, Devices, Intel, AMD, Accenture, Deloitte, McKinsey, White, Jim Cramer's Charitable, CNBC Locations: Lowe's

— President Joe Biden signed the CHIPS and Science Act into law on Aug. 9, 2022, authorizing nearly $53 billion to rebuild the nation’s semiconductor industry. A Purdue University summer program gives undergrads hands-on experience in the chip-development process. The domestic semiconductor manufacturing workforce has dropped from a peak of 714,500 in 2001 to 392,100 as of July, according to government data. In addition, the CHIPS Program Office, run out of the Commerce Department, has announced major commitments for research and development, including workforce skilling, with a $5 billion package unveiled in February. Some of the students in Purdue University’s inaugural STARS program last summer, which began with about 70 trainees.

Persons: Joe Biden, Robert Zhang, doesn’t, ” Zhang, Feichi Huang, Mark Lundstrom, Purdue University Bill Wiseman, ”, Lundstrom, Sujai, Shivakumar, “, that’s, Taylor Roundtree, there’s Organizations: WEST LAFAYETTE, Purdue University, Semiconductors, Intel, Texas, STARS, Purdue, U.S, McKinsey & Co, Semiconductor Industry Association, Micron, Commerce Department, McKinsey, South, SK Hynix, Apple, Nvidia, TSMC, Center for Strategic, International Studies . Universities Locations: Ind, Syracuse , New York, Phoenix, U.S, Taiwan, Korea, Japan, Singapore, West Lafayette , Indiana, South Korean, United States, “

☆ Razor-thin solar panels could be ‘ink-jetted’ onto your backpack or phone for cheap clean energy
▼ + stars: | 2024-08-09 | by ( Kara Fox | ) edition.cnn.com time to read: +5 min

Today’s solar panels that use silicon cells, by comparison, typically covert up to 22% of sunlight into power. Another important factor fueling solar’s rise is its growing efficiency in converting the sun’s energy. But Wang noted that the research group is not advocating for the end of solar farms. “I wouldn’t say we want to eliminate solar farms because obviously we need lots of areas or surfaces to generate sufficient amount of solar energy,” he told CNN. Some coatings in lab settings have dissolved or broken down over short periods of time, so are regarded as less durable than today’s solar panels.

Persons: aren’t, Junke Wang, Martin Small, Wood Mackenzie, Wang, ”, Henry Snaith, Snaith Organizations: CNN, Oxford, Oxford University's Physics, Oxford University Physics Locations: Germany

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Micron, Amazon, Apollo Global & more
▼ + stars: | 2024-08-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Tuesday's biggest calls on Wall Street: Stifel initiates GE Healthcare as buy Stifel said it's bullish on shares of the GE spin-off. Rosenblatt reiterates Nvidia as buy Rosenblatt said concerns about delays in the company's Blackwell chip are overdone. " JPMorgan downgrades Carlyle Group to neutral from overweight JPMorgan said it sees better value elsewhere. Morgan Stanley reiterates Apple as overweight Morgan Stanley said Monday's DOJ ruling on Alphabet is a negative for Apple. JPMorgan upgrades Sonic Automotive to overweight from neutral JPMorgan said investors should buy the dip in the auto company.

Persons: Stifel, it's, Morgan Stanley, Rosenblatt, Blackwell, JPMorgan, Carlyle, Piper Sandler, Piper, Palantir, KeyBanc, D.A, Davidson, Apple, GOOGL, SAH, underperform Macquarie Organizations: GE Healthcare, GE, Taiwan Semiconductor, JPMorgan, Barclays, Nvidia, Blackwell, Royal, JPMorgan downgrades Carlyle Group, Bank of America, Artificial Intelligence, Micron, Apollo, of America, Apollo Global Management, APO, Meta, Retail Media, DOJ, Apple, Aspen, Sonic Automotive, SS, UBS, Walmart, Northland, Honest, Honest Company, Macquarie, underperform Locations: Royal Caribbean, GOOGL, EVs, China

☆ World’s Five Leading Chipmakers Have Now Promised U.S. Investment
▼ + stars: | 2024-08-06 | by ( Ana Swanson | Madeleine Ngo | ) www.nytimes.com time to read: +1 min

The Biden administration said on Tuesday that it would award up to $450 million in grants to a South Korean chipmaker, SK Hynix, to help build its new chip facility in Indiana, in what officials described as a milestone in rebuilding the U.S. semiconductor manufacturing industry. With the announcement, the United States now has commitments from all five of the world’s leading-edge semiconductor manufacturers to construct chip plants in the United States with financial assistance from the administration, Commerce Secretary Gina M. Raimondo said in a call with reporters on Monday. The Biden administration previously announced that it had reached agreements with Intel, Taiwan Semiconductor Manufacturing Company, Samsung and Micron to help fund investments in the United States. “These are the only companies in the world capable of producing leading-edge chips at scale,” she said. SK Hynix announced in April that it had committed to investing $3.87 billion in a facility in West Lafayette, Ind.

Persons: Biden, Gina M, Raimondo Organizations: SK Hynix, Intel, Taiwan Semiconductor Manufacturing Company, Samsung, Micron, ” SK Hynix Locations: Korean, Indiana, United States, West Lafayette, Ind

☆ Stocks making the biggest moves midday: Robinhood, Nvidia, Intel and more
▼ + stars: | 2024-08-05 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Crypto stocks — Several bitcoin-related names were hit following the cryptocurrency's drop below $50,000 for the first time since February. Apple — The tech stock dropped more than 5% in the broad market sell-off after news that Warren Buffett's Berkshire Hathaway dumped half its stake in the iPhone maker. Palantir — The software stock fell more than 4% ahead of the company's s quarterly results. Tech stocks — Major tech names dropped during Monday's sell-off. According to LSEG, analysts are expecting a loss of 26 cents per share on revenue of $192 million.

Persons: Robinhood, MicroStrategy, Warren, Berkshire Hathaway, Tyson, Tyson Foods, —, Samantha Subin, Yun Li, Sarah Min, Darla Mercado Organizations: Nvidia, Computer, Micro Computer, Semiconductor, VanEck Semiconductor, Micron Technology, Taiwan Semiconductor Manufacturing, Arm Holdings, Apple, Oracle, Tech, Microsoft, Facebook, Meta, Intel —, FactSet, GameStop Locations: Berkshire, Omaha, FactSet .

☆ Three-Stock Lunch: Boeing, Moderna and Micron
▼ + stars: | 2024-08-02 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree-Stock Lunch: Boeing, Moderna and MicronScott Nations, president of Nations Indexes, joins CNBC's 'Power Lunch' to discuss three stocks: Boeing, Moderna, and Micron.

Organizations: Boeing, Moderna, Micron Scott Nations, Nations, Micron

☆ The chip industry uses as much water as the city of Hong Kong. Now factories are working to be more sustainable.
▼ + stars: | 2024-07-31 | by ( Helen Li | ) www.businessinsider.com time to read: +7 min

According to an S&P Global analysis, the global semiconductor industry consumed as much water in 2021 as the city of Hong Kong. Water consumption for chip fabs and data centers will rise as the demand for chips grows. The chip fabs stored the TCE underground, but tanks sometimes ruptured, leaking the chemical into the local groundwater and soil. Now, chip fabs must work with local governments to meet water management and waste disposal requirements. Several researchers are investigating ways to reduce and recycle water in chip manufacturing.

Persons: —, Prakash Govindan, Steve Proehl, Packard, Govindan, he's, fabs, Paul Westerhoff, TSMC, Jensen Huang, Huang, Anuradha Murthy Agarwal, Agarwal Organizations: Service, Business, Intel, AMD, Philips, Hewlett, Environmental, Agency, Arizona State University, Micron, Nvidia, MIT's Materials Research Laboratory Locations: Hong Kong, Taiwan, American, Santa Clara , California, Valley's Santa Clara County, . Arizona, Colorado, Phoenix, Denver

☆ Levoit LVAC-200 cordless vacuum review: A powerful stick vac with value that exceeds its budget-friendly price
▼ + stars: | 2024-07-29 | by ( Pauline Lacsamana | Jaclyn Turner | ) www.businessinsider.com time to read: +16 min

Levoit LVAC-200 Cordless Stick Vacuum Levoit's cordless stick vacuum offers great performance for the price. AdvertisementOur review of the Levoit LVAC-200 Cordless VacuumThe Levoit LVAC-200 is lightweight and easy to use, plus it can stand on its own, without a dock. This rings true for the Levoit LVAC-200 Cordless Vacuum. The LVAC-200 Cordless Vacuum is compact but packs a major punch with performance almost on par with the high-end vacuums I've tried. Some purchase-worthy alternatives are our best overall and budget-friendly picks, the Shark Stratos Cordless Vacuum and Hoover OnePWR Evolve Pet Elite Cordless Vacuum, respectively.

Persons: I'm, Levoit, Pauline Lacsamana, isn't, it's, Dyson, vacuums I've, scratchers, Cheerios, It's, I've, Sophia Carlisle, we've, Stratos, Hoover OnePWR, Hoover, Ken Doty Organizations: Business, Eco, micron, Shark, Hoover

☆ America's demand for skilled electricians is entering a boom cycle
▼ + stars: | 2024-07-27 | by ( Bob Woods | ) www.cnbc.com time to read: +10 min

Every year, nearly 10,000 electricians either retire or change careers, but only about 7,000 new ones enter the field. "We're benefitting from a generation that's looking past high school and is not seeing a career going through the traditional four-year college pathway. Contributing to that shift are high school guidance counselors like Steve Schneider, who has advised students for 28 years, currently at Sheboygan South High School in Wisconsin. It offers high school students hands-on training alongside workers from local companies, introducing them to skilled trades and other occupations, which can lead to an apprenticeship after graduation. Among LATTC's 12,000 students, 4,600 are currently enrolled in electrician training, he said, adding that tuition is around $1,000 a year.

Persons: —, David Long, They're, Adrian Sauceda, We've, Sauceda, Thayer Long, IEC's Thayer Long, Steve Schneider, Schneider, Kohler, NECA's David Long, Bill Elarton, Selig, Alan Marzullo, Marzullo, NECA's Long Organizations: Bureau of Labor Statistics, BLS, National Electrical Contractors Association, International Brotherhood of Electrical Workers, Independent Electrical Contractors, IEC, Sheboygan South High School, Rockline Industries, Inspire Wisconsin, NECA, Electrical Training Alliance, Department of Labor, Los Angeles Trade, Technical College, Syracuse University's College of Professional Studies, Consortium, Micron Technology, Local, Micron Locations: U.S, Wisconsin, Sheboygan, America, Clay , New York

☆ Buy top tech stocks like Apple ahead of their results before it's too late, Bank of America says
▼ + stars: | 2024-07-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +4 min

The investment bank says stocks like Apple are table-pounding buys ahead of quarterly results this week. CNBC Pro combed through Bank of America research to find buy-rated tech stocks with more room to run. Apple Bank of America recently raised its price target on the iPhone maker to $256 from $230. Shopify Time to buy shares of the Canadian provider of websites for businesses, according to Bank of America. Analyst Brad Sills recently upgraded Shopify to buy from neutral as a "more balanced growth & margin profile" take hold.

Persons: Wamsi Mohan, Apple, Mohan, GenAI, Brad Sills, Sills, Shopify, Sachin Salgaonkar, Mark Murphy, Satya Kumar, Samir Organizations: Bank of America, CNBC, Microsoft, Apple, Micron Technology, Sea, Apple Bank of America, Apple Vision, Micron Locations: Bank, Shopify, U.S, Singapore, Southeast Asia, Asia, Brazil, Boston, New York

☆ Stocks making the biggest moves premarket: Coursera, WW International, DexCom, Deckers and more
▼ + stars: | 2024-07-26 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Dexcom — The medical device stock plummeted more than 36% after the company posted a second-quarter revenue miss. The company's $579 million revenue was also lower than the consensus estimate of $597 million. Coursera — The online course provider stock surged 26% after Coursera posted second-quarter revenue of $170 million, which exceeded the $164 million analysts had expected, according to LSEG. 3M — The industrials giant added nearly 7% after posting second-quarter adjusted earnings of $1.93 and adjusted revenue of $6.02 billion. Charter's $13.69 billion revenue also exceeded the $13.59 billion analysts had expected.

Persons: George Kurtz, LSEG, Dexcom, Boston Beer, Coursera, Bristol Myers, Morgan Stanley, —, Alex Harring, Sarah Min, Jesse Pound Organizations: Semiconductor, Nvidia, Broadcom, Devices, Qualcomm, Micron Technology, Boston Beer, Boston, Mohawk Industries, Mohawk, Bristol Myers Squibb, Bristol, Revenue, Norfolk Southern, Charter Communications

☆ Nvidia supplier SK Hynix posts highest quarterly profit in 6 years on AI chip leadership
▼ + stars: | 2024-07-25 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +3 min

A man walks past a logo of SK Hynix at the lobby of the company's Bundang office in Seongnam on January 29, 2021. SK Hynix, one of the world's largest memory chipmakers, on Thursday said second-quarter profit hit its highest level in 6 years as it maintains its leadership in advanced memory chips critical for artificial intelligence computing. Here are SK Hynix's second-quarter results compared with LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate:Revenue: 16.42 trillion Korean won (about $11.86 billion), vs. 16.4 trillion Korean won16.42 trillion Korean won (about $11.86 billion), vs. 16.4 trillion Korean won Operating profit: 5.47 trillion Korean won, vs. 5.4 trillion Korean wonOperating profit in the June quarter hit its highest level since the second quarter of 2018, rebounding from a loss of 2.88 trillion won in the same period a year ago. The South Korean giant supplies high-bandwidth memory chips catering to AI chipsets for companies like Nvidia. High-bandwidth memory chip supplies have been stretched thanks to explosive AI adoption fueled by large language models such as ChatGPT.

Persons: LSEG, SK Kim, Kim Organizations: SK Hynix, SK Hynix's, Nvidia, SK, Daiwa, Micron, Samsung Locations: Seongnam

☆ Stocks are being routed as tech undergoes a re-rating. Here are the key drivers behind the shakeup
▼ + stars: | 2024-07-25 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

The stock market is facing several issues: a tech re-rating, a slower economy, a seasonally weak period and an uncertain presidential outcome. Big cap tech is getting re-rated This is what happens when the market gets top-heavy in technology. Prices for megacap tech stocks have run up dramatically in hopes of outsized earnings. Regardless, investors have been re-rating tech stocks for many weeks now. Technology stocks have been toppy for some time.

Persons: Sundar Pichai, he'd, Goldman Sachs, Goldman, Matt Bartolini, Kamala Harris, Sam Stovall, Trump Organizations: Technology, Cloud Computing, Semiconductor, P Technology, X Social Media, Semiconductors, Micron, Qualcomm, Nvidia, Broadcom, SPDR, SPDR Americas Research, State, Trump, Democratic Locations: SPDR Americas

☆ U.S. Secretary of Commerce talks domestic chip production: 'There's no place to be reckless here or play politics'
▼ + stars: | 2024-07-25 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

In a Thursday interview with CNBC's Jim Cramer, U.S. Secretary of Commerce Gina Raimondo stressed the importance of domestic chip production and said the country is on track to meet its end-of-decade goal. "My boss, President Biden, has been crystal clear on this topic, and I think there's no place to be reckless here or play politics with this," Raimondo said. The Biden Administration's CHIPS act allocated billions to encourage semiconductor companies to manufacture their products in the U.S., with recipients including Intel , Micron , Samsung and Taiwan Semiconductor . "American businesses were in search of cheap capital and cheap labor and profits, so everything went overseas—China, Taiwan, etcetera," Raimondo said. "Except, we wake up now, and we find that whether it's chips or critical minerals or components, we're vulnerable.

Persons: CNBC's Jim Cramer, Gina Raimondo, President Biden, Raimondo Organizations: Biden, Intel, Micron, Samsung, Taiwan Semiconductor, U.S Locations: U.S, Taiwan, China

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