DIRS.INFO The most relevant business & tech news

☆ Stephen Mandel's Lone Pine doubles down on Big Tech and chip stocks to ride on the rebound
▼ + stars: | 2023-02-16 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Lone Pine Capital doubled down on technology stocks in the fourth quarter, just in time to benefit from the big rebound, a new regulatory filing showed. Stephen Mandel's hedge fund significantly increased its holdings in Microsoft and Amazon , making them top bets at the end of the fourth quarter, the filing showed. Mandel founded Lone Pine Capital in 1997 and boasts one of the best long-term track records in the industry. Mandel is one of the so-called "Tiger Cubs," mentored by legendary hedge fund pioneer Julian Robertson. Lone Pine increased its exposure in the semiconductor industry last quarter.

☆ Here are Warren Buffett's latest moves to the Berkshire Hathaway stock portfolio
▼ + stars: | 2023-02-14 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The Omaha-based conglomerate slashed its shares in Bank of New York Mellon by 60% in the fourth quarter to a bet worth $1.1 billion. Meanwhile, it also cut its US Bancorp stake by 90% to $291 million by the end of 2022. The filing reflects moves made in the fourth quarter and holdings as of the end of 2022. The chip stock gained nearly 9% in the fourth quarter, but the rebound in the new year was even more dramatic with shares up over 30% year to date. Meanwhile, Buffett's Chevron stake dipped marginally last quarter, worth $29.3 billion at the end of the fourth quarter, the filing showed.

☆ Jim Cramer's Investing Club meeting Tuesday: Consumer prices, Nvidia, Linde
▼ + stars: | 2023-02-14 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. BofA analysts increased their price target on Nvidia stock to $255 a share from $215. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Here’s our February rapid-fire update on all 34 stocks in Jim Cramer’s Investing Club portfolio
▼ + stars: | 2023-02-05 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +12 min

Here's a rapid-fire update on all 34 stocks in Jim Cramer's Charitable Trust, the holdings we manage in the CNBC Investing Club. J & J is a good stock to get into ahead of the impending split into two companies: consumer brands and pharma/medical technology. The company reported a good quarter and guidance, while fundamentals are solid ahead of the split. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Jim Cramer's top 10 things to watch in the stock market Thursday: Fed, peak earnings, META
▼ + stars: | 2023-02-02 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. 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. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Jim Cramer's top 10 things to watch in the market Wednesday: Fed Day, AMD, Snap signal
▼ + stars: | 2023-02-01 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Fed Day: The central bank is expected to raise the interest rates by a quarter-point to the range of 4.50% to 4.75%. UBS downgrades Snap (SNAP) to hold from buy with an unchanged price target of $10, and says business is really soft. Club stock Humana (HUM) topped earnings estimates Wednesday morning with revenue in line, great guide. In its quarterly report Wednesday, the exercise equipment said subscription revenue better than hardware sales, noted significant outperformance for connected fitness. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ AMD shares jump as earnings defy collapse seen at Intel
▼ + stars: | 2023-02-01 | by ( Aditya Soni | ) www.reuters.com time to read: +2 min

Feb 1 (Reuters) - Shares of Advanced Micro Devices Inc (AMD.O) rose nearly 7% on Wednesday after the U.S. chipmaker's upbeat earnings showed that it was making up for a personal-computer slump with gains in the lucrative data center market. The data center market has slowed in recent months due to lower spending from recession-wary businesses, but AMD's faster and smaller chips have allowed it to gain ground on Intel. "AMD can continue to beat Intel in the data center space due to its leading design," said Lucas Keh, semiconductors analyst at Third Bridge. J.P. Morgan pegged AMD's share gain in the server market this year at 5 to 7 percentage points to between 28% and 30%. "First quarter should be the bottom for us in PCs and then grow from there into the second quarter and then into the second half," Su said.

☆ We are reassured by AMD CEO's confidence in the chipmaker's data-center business
▼ + stars: | 2023-02-01 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +4 min

In general, investors are relieved that AMD still expects data-center growth in 2023 despite mounting economic pressures. AMD's data-center outlook isn't perfect. For the first quarter, in particular, AMD expects data-center sales to be lower than the $1.7 billion it recorded in the fourth quarter of 2022. The unpleasant PC experience caused AMD's warning about data-center inventory hurdles to raise the Club's eyebrows. AMD expects that continue to again in 2023.

☆ Earnings playbook: Apple and Google-parent Alphabet lead the busiest week of reports
▼ + stars: | 2023-01-29 | by ( Fred Imbert | ) www.cnbc.com time to read: +14 min

Tuesday General Motors is set to report earnings before the bell, followed by a conference call at 8:30 a.m. What history shows: Data from Bespoke Investment Group shows GM beats earnings expectations 85% of the time. McDonald's is set to report earnings before the bell, with company leadership set to hold a call 8:30 a.m. What history shows: Qualcomm has either beaten or matched analysts' earnings expectations in the last 32 quarters, according to FactSet. Alphabet is set to report earnings after the close, followed by a conference call at 4:30 p.m.

☆ Here's what Intel's terrible results mean for longtime rival and Club holding AMD
▼ + stars: | 2023-01-27 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

When Advanced Micro Devices (AMD) reports quarterly earnings next week, the Club holding's results should not look nearly as bad as longtime rival Intel 's (INTC) dismal numbers. But the magnitude of the Intel's disappointment stems from many company-specific factors, including lost market share to chip peers such as AMD. This multi-quarter, industrywide problem will likely show up in the fourth-quarter results AMD is scheduled to release after Tuesday's close. Implications for AMD Morgan Stanley said it believes Intel's results are "cautious" for peers, especially AMD. Bank of America sees Intel's results as "only incrementally negative" for AMD, partially because the analysts believe AMD's inventory correction in the second half of the year was larger than Intel's.

☆ Intel stock tumbles over 10% after brutal results
▼ + stars: | 2023-01-27 | by ( Rohan Goswami | ) www.cnbc.com time to read: +1 min

Pat Gelsinger, CEO, of Intel Corporation, testifies during the Senate Commerce, Science, and Transportation hearing on semiconductors titled Developing Next Generation Technology for Innovation, in Russell Senate Office Building on Wednesday, March 23, 2022. Intel shares continued to slide on Friday, falling 10% in premarket trading, after the company reported dismal quarterly and full-year results. The chipmaker's tepid quarterly numbers, with a 32% year-over-year revenue decline and a net loss of $664 million for the fourth quarter of 2022, took both analysts and investors by surprise. Analysts did not mince words, cutting price targets almost across the board. Rosenblatt maintained its sell rating for Intel and lowered its price target from $20 to $17.

☆ UK competition watchdog probes $61 bln Broadcom-VMware deal
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +1 min

Jan 25 (Reuters) - Britain's competition regulator said on Wednesday it had started the first phase of an investigation into U.S. chipmaker Broadcom Inc's (AVGO.O) $61 billion acquisition of cloud-computing firm VMware Inc (VMW.N). The Competition and Markets Authority (CMA) said in November it was investigating whether the deal between the two U.S.-listed companies could substantially hurt competition in Britain, adding that it had until March 22 to decide. The Broadcom-VMware deal was one of the biggest announcements globally in 2022, marking the chipmaker's attempt to diversify into the enterprise software segment. Broadcom and VMware did not immediately respond to Reuters' requests for comment. Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Dhanya Ann Thoppil and Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

☆ Texas Instruments signals expanding pain for chipmakers with somber forecast
▼ + stars: | 2023-01-25 | by ( Chavi Mehta | ) www.reuters.com time to read: +2 min

Jan 24 (Reuters) - Texas Instruments (TXN.O) forecast first-quarter revenue and profit largely below Wall Street targets on Tuesday, as an economic downturn threatens to shackle demand from the chipmaker's so far resilient markets. Order cancellations rose during the fourth quarter, head of investor relations Dave Pahl told analysts in an earnings call. Total revenue fell 3% to $4.67 billion in the quarter, compared with estimates of $4.62 billion. Texas Instruments expects revenue of $4.17 billion to $4.53 billion in the first quarter, the mid-point of which is lower than estimates of $4.41 billion, according to Refinitiv data. It expects current-quarter earnings per share between $1.64 and $1.90, the mid-point of which also fell short of expectations of $1.87.

☆ Bullish analyst note gives troubled chipmakers a much needed boost. Here's our view
▼ + stars: | 2023-01-23 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

In the back half of 2023, analysts expect an acceleration in capex spending in both the U.S., "and potentially in China." Also supportive of AMD shares, the analysts believe that the PC inventory glut should bottom out in the current quarter. QCOM YTD mountain Qualcomm (QCOM) YTD peformance One key driver of end market improvement is headwinds in China turning to tailwinds in the second half of the year. We continue to hold that view and note again that much of the Barclays analysts' optimism is predicated on their second-half 2023 view. (Jim Cramer's Charitable Trust is long QCOM, AMD, NVDA, EMR, CAT.

☆ Earnings playbook: What investors can expect out of Tesla, Microsoft and Boeing
▼ + stars: | 2023-01-22 | by ( Fred Imbert | ) www.cnbc.com time to read: +11 min

Tuesday Johnson & Johnson is set to report earnings before the bell, followed by a conference call at 8:30 a.m. What history shows: Johnson & Johnson has beaten earnings expectations 95% of the time, according to Bespoke Investment Group. Wednesday Boeing is set to report earnings before the bell, followed by a call with analysts at 10:30 a.m. What history shows: FactSet data shows Boeing has posted a greater-than-expected loss in the last five quarters. Tesla is set to report earnings after the close, with management set to hold a call at 5:30 p.m.

☆ Texas Instruments replaces CEO Rich Templeton with current operating chief Haviv Ilan
▼ + stars: | 2023-01-19 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Texas Instruments on Thursday announced that its CEO for almost 19 years, Rich Templeton, will step down on April 1 as Haviv Ilan, its chief operating officer, replaces him. But Texas Instruments had carried out a similar plan in 2018 that backfired. "Crutcher resigned due to violations of the company's code of conduct," Texas Instruments said at the time. Ilan arrived at Texas Instruments in 1999 by way of the company acquisition of the Israeli wireless startup Butterfly. Before becoming operating chief at Texas Instruments, he had been senior vice president of its analog signal chain and high-performance analog divisions.

☆ Qualcomm says its move beyond smartphones is working. We're waiting to see the results
▼ + stars: | 2023-01-17 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +4 min

Qualcomm CEO Cristiano Amon said Tuesday the chipmaker's move beyond smartphones is working — but we want to see the Club holding's upcoming earnings report before we rethink our cautious approach. In a similar way, Qualcomm also is expanding its presence in the automotive industry as cars become more technologically advanced. Amon also downplayed the company's reliance on Apple, which has been working to replace Qualcomm's chips with its own 5G modem chip . The Club has generally adopted a cautious approach to Qualcomm in recent months, particularly after that November earnings print with weak guidance. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Apple to replace key Broadcom chip with in-house design - Bloomberg News
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: +2 min

Jan 9 (Reuters) - Apple Inc (AAPL.O) plans to replace a Broadcom Inc (AVGO.O) chip from its devices with an in-house design in 2025, Bloomberg News reported on Monday, citing people familiar with the matter. Apple plans to replace Broadcom's Wi-Fi and Bluetooth chip, according to the Bloomberg News report, which added that Apple is the U.S. chipmaker's largest customer. The Cupertino, California-based company accounts for about 20% of Broadcom's revenue. Apple's decision is likely to hit Broadcom revenue by about $1 billion to $1.5 billion, said Stacy Rasgon, an analyst with financial services firm AB Bernstein. Apple and Broadcom did not immediately respond to a Reuters request for comments.

☆ This dividend stock fund is beating the market. Here's its strategy and positions
▼ + stars: | 2023-01-10 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

The firm's Integrity Dividend Harvest Fund ended 2022 down just 1.45%, while the broader market saw its worst year since 2008. So far in 2023, Integrity Dividend has gained more than 5%, while the S & P is up only a little more than 1%. IDHIX 1Y mountain Integrity Dividend Harvest I outperformed the S & P 500 in 2022. The stock, which gained more than 19% last year, has a 3.65% dividend yield. "They're pointing to 6% to 7% long-term annual earnings growth, along with dividends growing in lockstep to their earnings," Radke said.

☆ Chip woes short-circuit Samsung's best laid plans
▼ + stars: | 2023-01-06 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, Jan 6 (Reuters Breakingviews) - South Korea's Samsung Electronics (005930.KS) can only defy gravity for so long. The worse-than-expected earnings guidance throws cold water on the chipmaker's aggressive supply and capital expenditure spending plans laid out in October. Analysts at Citi reckon Samsung’s memory chip capex this year will be roughly $25 billion, more than 10% lower than their earlier forecast. Samsung's best laid plans are starting to go astray. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Wall Street expects robust gains for these 10 Club stocks in 2023
▼ + stars: | 2023-01-03 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

After recently highlighting Club holdings that analysts tapped as their top picks for 2023, we wanted to take the Street's temperature on our stocks in a different way. Humana Percentage of analysts with a buy/overweight rating: 80% Upside to average price target: 19.5% Humana is the only Club holding besides Halliburton to post share gains in 2022 and land on Tuesday's top-10 screen. Salesforce Percentage of analysts with a buy/overweight rating: 78% Upside to average price target: 47.2% Add Salesforce to the list of beaten-up tech stocks that most analysts expect to recover in 2023. Advanced Micro Devices Percentage of analysts with a buy/overweight rating: 76% Upside to average price target: 35.7% Of the 10 stocks on this list, AMD saw the biggest decline in 2022. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

☆ TSMC starts volume production of most advanced chips in Taiwan
▼ + stars: | 2022-12-29 | by ( ) www.reuters.com time to read: +2 min

TAINAN, Taiwan, Dec 29 (Reuters) - Chipmaker Taiwan Semiconductor Manufacturing Company Ltd (TSMC)(2330.TW), began mass production of its most advanced chips in southern Taiwan on Thursday and the company's chairman said it would continue to expand capacity on the island. The long-awaited mass production of chips with 3-nanometre technology comes as attention focuses on the world's largest contract chipmaker's investment plans at home and abroad. TSMC has a dominant position as a maker of advanced chips used in technology from cellphones to fighter jets. Taiwan's government has dismissed concerns about a "goodbye to Taiwan" trend for the chip industry, saying the island's position as a major semiconductor producer and maker of the most advanced chips is secure. TSMC said it was working to build factories for the next generation 2-nanometre chips, which were planned to be manufactured in northern and central Taiwan.

☆ Wall Street names these 20 Club stocks as top picks for 2023. Here's the list and our takes
▼ + stars: | 2022-12-29 | by ( Paulina Likos | ) www.cnbc.com time to read: +16 min

Club take: We've pared back our position in AMD this year as the semicondcutor company worked through its inventory correction. The company has to do more in terms of managing its costs, but it will likely be a priority in 2023. Analysts described growth outlooks in these segments as "robust" and expect them to drive revenue growth and margin expansion. BofA calls the Club stock a "top tier operator" and expects the company to grow revenue in the coming year despite fears of an economic downturn. Analysts expect to see strong data center growth next year, a business they said could reach $20 billion by 2023.

☆ Wall Street tumbles as Fed sparks recession fears
▼ + stars: | 2022-12-15 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +4 min

The Fed projected continued rate hikes to above 5% in 2023, a level not seen since a steep economic downturn in 2007. "What the market is saying is if you continue this way, a recession is basically a done deal." Money market participants expect at least two 25 bps rate hikes next year and borrowing costs to peak at about 4.9% by midyear, before falling to around 4.4% by year-end. All the 11 major S&P 500 sectors were in the red, with communication services (.SPLRCL) and technology stocks (.SPLRCT) falling about 4% as the worst performing on the session. The S&P 500 posted one new 52-week high and seven new lows; the Nasdaq Composite recorded 51 new highs and 289 new lows.

The Fed's policy-setting committee projected it would continue raising rates to above 5% in 2023, a level not seen since a steep economic downturn in 2007. Money market participants currently expect at least two 25 bps rate hikes next year and borrowing costs to peak at 4.9% in the first half, before falling to around 4.4% by the year end. Wall Street's main indexes have staged a strong recovery since hitting 2022 lows in October on hopes of a less aggressive Fed, but the rally stalled in December on the back of mixed economic data and worrying corporate forecasts. Investors also digested economic data on Thursday that showed a steeper-than-expected decline in retail sales in November and the number of Americans filing for unemployment benefits falling last week, indicating a tight labor market. The S&P index recorded no new 52-week highs and four new lows, while the Nasdaq recorded 24 new highs and 120 new lows.

Search resuls for: "chipmaker's"

25 mentions found