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☆ ASML just gave us a first glimpse into how U.S. chip export curbs will dent its China sales
▼ + stars: | 2024-10-16 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

An ASML icon is being displayed on a circuit board, alongside the flags of the USA and China, in this photo illustration taken in Brussels, Belgium, on January 4, 2024. ASML on Tuesday offered the first glimpse into how U.S. restrictions on exports of its advanced chip manufacturing tools to China will impact its sales in the Asian country. The Netherlands-based chip equipment maker said in its earnings report Tuesday, which was released a day early due to a "technical error," that it expects net sales for 2025 to come in between 30 billion euros and 35 billion euros ($32.7 billion and $38.1 billion). ASML is a critical part of the global chip supply chain. While third-quarter net sales at the firm reached 7.5 billion euros — beating expectations — net bookings came in at 2.6 billion euros ($2.83 billion), the company said.

Persons: ASML, AMSL, Roger Dassen Organizations: Nvidia, Taiwan Semiconductor Manufacturing, CNBC, Intel, Samsung, UBS Locations: USA, China, Brussels, Belgium, Netherlands

☆ Stocks making the biggest moves premarket: Morgan Stanley, Cisco, ASML and more
▼ + stars: | 2024-10-16 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Cisco Systems — The networking technology stock added nearly 2% on the heels of a Citi upgrade to buy from neutral. The firm's earnings came in at $1.88 per share, versus the $1.58 expected by a LSEG analyst poll. Revenue was $15.38 billion versus the $14.41 billion consensus estimate. United also announced a $1.5 billion share buyback, its first since before the pandemic. J.B Hunt Transport Services — Shares jumped more than 7% after the company's third-quarter results topped expectations.

Persons: Novocure, Morgan Stanley —, accidently, J.B, Hunt, LSEG, — CNBC's Sean Conlon, Alex Harring, Sarah Min, Michelle Fox, Hakyung Kim Organizations: Cisco Systems, Citi, U.S . Food, Drug Administration, Revenue, United Airlines, United, Hunt, — Locations: U.S

☆ CNBC Daily Open: Bullish sentiment and broadening rally – markets are in a good place
▼ + stars: | 2024-10-16 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Spencer Platt | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineDespite markets falling Tuesday, there's still plenty to like about their current state. Weighed down by ASML's 16% dive and a report by Bloomberg on potential AI-chip export controls, semiconductor stocks like Nvidia and AMD fell 4.7% and 5.2% respectively. Still, investors are the most bullish in four years, according to the October BofA Global Fund Manager Survey.

Persons: DJI, Spencer Platt, there's, They're, Michael Hartnett, Mary Daly, who's, Dow, Piper, Craig Johnson, –, Jeff Cox, Samantha Subin, Yun Li, Lisa Kailai Han, Alex Harring Organizations: AMD, New York Stock Exchange, Getty, CNBC, ASML's, Bloomberg, Nvidia, Semiconductor, Nasdaq, Dow Jones, Dow, Survey, U.S . Federal Reserve, San Francisco Fed, Federal Locations: U.S, Beijing

☆ Intel is a security risk for China, says influential industry group
▼ + stars: | 2024-10-16 | by ( ) edition.cnn.com time to read: +3 min

Beijing Reuters —Intel products sold in China should be subject to a security review, the Cybersecurity Association of China (CSAC) said on Wednesday, alleging the US chipmaker has “constantly harmed” the country’s national security and interests. “It is recommended that a network security review is initiated on the products Intel sells in China, so as to effectively safeguard China’s national security and the legitimate rights and interests of Chinese consumers,” CSAC said. Last year, CAC barred domestic operators of key infrastructure from buying products made by US memory chipmaker Micron Technology Inc (MU) after deeming the company’s products as having failed its network security review. A similar security review on Intel products could negatively impact the company’s revenues, over a quarter of which came from China last year. “This poses a great security threat to the critical information infrastructures of countries all over the world, including China … the use of Intel products poses a serious risk to national security,” CSAC said.

Persons: ” CSAC, ”, Dan Coatsworth, AJ Bell Organizations: Beijing Reuters, Intel, Cybersecurity Association of China, Cyberspace Administration of China, CAC, Micron Technology Inc, Washington, US National Security Agency, NSA, Nvidia Locations: Beijing, China

☆ Stock market today: Dow jumps 337 points to fresh record as US stocks rise on solid earnings
▼ + stars: | 2024-10-16 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Stocks rose on Wednesday after traders took in a handful of strong corporate earnings reports. Chip stocks wavered after Tuesday's selloff, with eyes on TSMC ahead of earnings. AdvertisementUS stocks rose on Wednesday as traders took in strong earnings results to bounce back from a sell-off in the chip sector in the previous session. Stocks, though, are on par for another strong quarter of earnings results. The S&P 500 is on track to report 7% year-per-year earnings growth for the third quarter, according to estimates from FactSet.

Persons: Morgan Stanley, Tuesday's selloff, —, ASML Organizations: United Airlines, Service, Dow Jones, Micro Devices, Investors, Nvidia Locations: FactSet, Here's

☆ An incoming 'M&A supercycle' wouldn't just be a win for dealmakers
▼ + stars: | 2024-10-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, Goldman Sachs' earnings result might be a sign of the long-awaited return of M&A . The big storyM&A for allWin McNamee/Getty ImagesDon't look now, but M&A might finally be coming back. Goldman Sachs, Wall Street's perennial M&A king, smashed analysts' third-quarter expectations , notching $3 billion in profits. One analyst took things a step further, floating the idea of an "M&A supercycle" once the money that's been sitting on the sidelines finally gets put to work.

Persons: —, Goldman Sachs, Win McNamee, Insider's Reed Alexander, David Solomon, that's, Jenny Chang, Rodriguez, Mariana Bazo, Tyler Le, TSMC, Biden, Donald Trump, Elon Musk, TK, Alex Brandon Elon Musk, Kamala Harris, Alain Tascan, Jeet Shroff, Shroff, Morgan Stanley, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi Organizations: Business, Service, LaGuardia Airport, Getty, BI, Monetary Fund, Chartered, Apple, Bloomberg, Google, Trump, PAC, America PAC, AP, Trump PAC, Epic, Discover Financial Services Locations: Midtown Manhattan, China, lockstep, New York, London

☆ Chipmakers tumble as ASML forecast cut issues a growth warning to the sector
▼ + stars: | 2024-10-15 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Chip stocks tumbled Tuesday, with NVDA and AMD down 5% and ASML plunging 16%. The sector was also rattled by reports that the US is weighing a cap on chip exports. Other chip stocks followed, with NVDA dipping almost 5%, AMD falling 5.3%, and Broadcom tumbling 3.5% around midday Tuesday. Flows into AI stocks slowed over the summer as investors expressed worries about returns on huge spending on AI. AdvertisementReports that the US is weighing a cap on chip exports from American chipmakers only compounded the industry's tumultuous start to the week.

Persons: —, ASML, SMCI, Christophe Fouquet, Biden, Nvidia — Organizations: NVDA, AMD, Service, Semiconductor, Broadcom, Bloomberg, Investment, Nvidia Locations: Dutch, €, American, East, Africa, Asia, China

☆ Nvidia stock jumps after CEO Jensen Huang says 'demand for Blackwell is insane'
▼ + stars: | 2024-10-03 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Nvidia stock rose as much as 5% on Thursday after CEO Jensen Huang noted strong demand for its Blackwell GPU. AdvertisementNvidia stock jumped as much as 5% on Thursday following comments from CEO Jensen Huang about the strong demand the company is experiencing for its next-generation Blackwell GPU chips. "Demand for Blackwell is insane," Huang said in an interview with CNBC on Wednesday after the market close. Advertisement"Blackwell is in full production, Blackwell is as planned," Huang said. Huang emphasized in the interview that Nvidia has its fingerprints all over various layers of the computing stack, from GPU chips to software to networking components.

Persons: Jensen Huang, Huang, Blackwell, —, Larry Ellison, Ellison, Elon Musk, Hopper, we're Organizations: Blackwell, Nvidia, Service, CNBC, Oracle

☆ Wall Street is turning less bullish on tech darling ASML for several key reasons
▼ + stars: | 2024-09-09 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

Analysts at major Wall Street banks are getting more cautious on chip darling ASML , raising concerns about the critical chip equipment maker's demand outlook. Earlier this week, investment bank UBS downgraded ASML to "neutral" and cut its price target on the stock to 900 euros ($1,000.78) from 1,050 euros previously. Other Wall Street banks have subsequently come out with their own respective analyses on ASML — and they're more downbeat than they were before. The bank remains bullish on the stock, though, keeping ASML in its top pick for EU semiconductor equipment stocks. UBS cautioned ASML's machines could face a slowdown in demand due to an "architecture shift" to gate all around architecture, or GAA.

Persons: Morgan Stanley, ASML, ASML's, Morgan Stanley's, EUV, Biden, Christophe Fouquet, Jefferies Organizations: UBS, Intel, Bank of America, ASML's, Samsung, Nvidia, SK Hynix, Base Management, Dutch, Citi, Investment Locations: ASML, U.S, China, New York

☆ Japanese chip equipment firms count on China sales amid U.S. moves to block high-end exports to Beijing
▼ + stars: | 2024-09-06 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +1 min

That share increased to nearly 50% in the first quarter of financial year 2025 compared with 39.3% in the same period last year. Screen Holdings , meanwhile, generated as much as 43% of its total sales from China in the financial year ended March 2024, up from 19% in financial year 2023. That share rose to 51% in the first quarter of the current financial year from 23% in the same period last year. The company expects China sales share to be at 41% for the fiscal year ending in March 2025. The large business of Japanese chip companies in China underscores the challenge that the U.S. ally faces in balancing White House's demands with its domestic economic interests.

Persons: Yuichi YAMAZAKI, YUICHI YAMAZAKI Organizations: Tokyo University, Getty Images, U.S ., Tokyo, Screen Holdings, Department of Commerce Locations: Tokyo, AFP, China, U.S

☆ UBS just downgraded critical chip firm ASML on expectations of a demand 'normalization'
▼ + stars: | 2024-09-04 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Critical chip equipment supplier ASML is set to face softer demand from buyers of its products in the coming years — and the artificial intelligence boom won't be enough to offset these downside risks, according to analysts at investment bank UBS . Such memory chip makers include Samsung and Nvidia supplier SK Hynix. ASML is behind a key technology involved in chip manufacturing known as EUV, or extreme ultraviolet radiation. DRAM is a type of memory chip that's needed for a computer to function. Shares of the company were down more than 6% Wednesday, alongside a raft of other chip stocks , following a deep slide in Nvidia shares Tuesday .

Persons: ASML Organizations: UBS, Samsung, Nvidia, SK Hynix, U.S, CNBC Locations: ASML, China, Netherlands, U.S

☆ Nvidia said a new product every year was the key to winning the Gen AI race. Now it's faltering at the first hurdle.
▼ + stars: | 2024-08-05 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

The rollout of Nvidia's next-generation of AI chips, Blackwell, is going to be delayed according to media and industry analyst reports. Smaller cloud firms that have built their businesses on Nvidia chips could be affected by the delay too. Each new generation of AI chips promises step changes in computing capacity, speed and efficiency, allowing for faster computations and larger models. Taiwan Semiconductor Manufacturing Company, Nvidia's manufacturing partner, is using a relatively new process to manufacture the Blackwell chips. Some Blackwell chips have begun shipping to customers and production will still increase in the second half of the year.

Persons: —, Blackwell, Semianalysis, Hopper, Jensen Huang, Huang, there's, Nvidia's Blackwell, Bernstein Organizations: Service, Blackwell, Business, Nvidia, Meta, Microsoft, Google, AMD, Taiwan Semiconductor Manufacturing Company, Reuters, Bank of America Locations: Semianalysis

☆ Jimmy Carter says he hopes to vote for Kamala Harris
▼ + stars: | 2024-08-03 | by ( Joe Sutton | Kaanita Iyer | ) edition.cnn.com time to read: +1 min

CNN —Former President Jimmy Carter, the oldest living president, is hoping to vote for Kamala Harris during the November elections, his grandson said. “I’m only trying to make it to vote for Kamala Harris,” the 99-year-old former president said, according to his grandson, Jason Carter, who relayed a conversation Carter had with his son Chip earlier this week to the Atlanta Journal-Constitution. CNN has reached out to the Carter Center for a statement. Jason Carter said in May the 39th president is “coming to an end” when providing an update on his health. By the former president’s side was his wife of 77 years, Rosalynn Carter, who passed away in November, just days after entering hospice care.

Persons: Jimmy Carter, Kamala Harris, “ I’m, Jason Carter, Carter, Chip, Rosalynn Carter, CNN’s Michelle Shen Organizations: CNN, Atlanta Journal, Carter, Accords Locations: Egypt, Israel, Georgia

☆ Japan stock sell-off shows a 'fundamental shift' is underway, Goldman Sachs' equity strategist says
▼ + stars: | 2024-08-02 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

A pedestrian looks at an electronic stock board outside a securities firm in Tokyo, Japan, on Tuesday, Dec. 25, 2018. Japan's stock markets have hit a six-month low, declining for two straight days, after the Bank of Japan raised benchmark interest rates to their highest level since 2008. Speaking to CNBC's "Squawk Box Asia," Bruce Kirk, chief Japan equity strategist at Goldman Sachs said that the Japanese market rally had reached a "transitional phase." Yes, there's a fundamental shift taking place in the market, but it's not unusual," Kirk said. "I think people are now looking for areas that are more domestic demand focused, and that's really putting the interest back on Japan's small [and] mid-caps."

Persons: Bruce Kirk, Goldman Sachs, Kirk Organizations: Bank of Japan, Nikkei, CNBC Locations: Tokyo, Japan

☆ Why chip stocks are on an absolute tear today
▼ + stars: | 2024-07-31 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +2 min

Nvidia is getting a boost from that and surging after being renamed Morgan Stanley's top semi pick. AdvertisementChip stocks were rallying across the board on Wednesday, driven by a big earnings beat from AMD and Morgan Stanley naming Nvidia a top stock pick. Other stocks getting a lift included ASML (up 11%), Qualcomm (up 6%), and Samsung (up 4%). In addition to riding AMD's wave higher, Nvidia was renamed Morgan Stanley's top semiconductor stock pick. "Through those concerns, the earnings environment is likely to remain strong, for NVIDIA and for the whole AI complex," the analysts said.

Persons: Morgan Stanley's, —, Morgan Stanley, Morgan Organizations: Nvidia, AMD, Service, Morgan, Qualcomm, Samsung, NVIDIA Locations: China, Netherlands, Japan, South Korea

☆ The US is about to introduce a new rule to clamp down on AI chip equipment exports to China, Reuters reports
▼ + stars: | 2024-07-31 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

The Biden Administration is reportedly to introduce new powers to block exports to Chinese chipmakers. The rule aims to curb China's AI development but excludes shipments from key allies, per Reuters. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. The new rules would affect countries including Israel, Taiwan, Singapore and Malaysia, Reuters reported Wednesday, citing two sources familiar with the rule.

Persons: — Organizations: Biden Administration, Reuters, Service Locations: Netherlands, Israel, Taiwan, Singapore, Malaysia

☆ Major global chip equipment makers' China revenue share has doubled since U.S. imposed export controls
▼ + stars: | 2024-07-24 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — Four of the world's largest semiconductor equipment manufacturers, including ASML , have seen the share of their China revenue more than double since late 2022, Bank of America analysts said in a report Monday. "China accelerated its purchase of semi manufacturing equipment since the U.S. imposed tighter export restrictions in October 2022, aiming to develop its own semi manufacturing capability," the report said. The research found the companies' China revenue more than doubled from 17% of their total revenue in the fourth quarter of 2022 to 41% in the first quarter of 2024. The U.S. in October 2022 started imposing sweeping export controls on U.S. sales of advanced semiconductors and related manufacturing equipment to China. Last week, Bloomberg reported, citing sources, that the Biden administration was considering broader restrictions on semiconductor equipment exports to China that could affect non-U.S. companies.

Persons: Biden Organizations: BEIJING, Bank of America, Lam Research, KLA Corp, Materials, Bloomberg, VanEck Semiconductor Locations: China, U.S, Beijing

The best Samsung Galaxy Z Flip 6 screen protectors are scratch-resistant and include an installation tool for straightforward application. Among the best Samsung Galaxy Z Flip 6 screen protectors, our top pick from previous testing is the Zagg Glass Elite screen protector, an ultra-durable model that effectively prevents all forms of accidental damage. Learn moreFAQsAdvertisementDoes the Samsung Galaxy Z Flip 6 need a screen protector? While the Samsung Galaxy Z Flip 6's interior display has a pre-installed screen protector, its cover screen lacks one. Check out our guide to the best Samsung Galaxy Z Flip 6 cases for our top models from past testing.

Organizations: Samsung, Business

☆ We're buying more of this chipmaker that's been overly punished in the tech sell-off
▼ + stars: | 2024-07-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Following the trade, Jim Cramer's Charitable Trust will own 350 shares of AMD, increasing its weighting to 1.63% from 1.4%. There's also been a rotation out of secular growth and AI stocks and into companies that benefit more from future interest rate cuts. And due to this week's sell-off, AMD shares are now trading around their lowest levels since May. 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.

Persons: Jim Cramer's, Wednesday's, Biden, Donald Trump, There's, Let's, It's, We've, Lisa Su, Jim Cramer, Jim Organizations: AMD, Taiwan Semiconductor Manufacturing Company, Republican, CNBC Locations: China, Taiwan

☆ These stocks are seeing big insider selling recently, including 2 major AI plays
▼ + stars: | 2024-07-05 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Both executives made their sales under 10b5-1 trading plans. Trades were made under a 10b5-1 trading plan adopted in March and are part of ongoing sales. Trades were made under a 10b5-1 trading plan adopted in February. Trades were made under a 10b5-1 trading plan enacted last September. Trades were made under a 10b5-1 trading plan dating from last August.

Persons: VerityData, Jensen Huang, Timothy Archer, Shantanu Narayen, Kenneth Miller, Verity, James Brock, David Lougee, Lougee, —, Nick Wells Organizations: Nvidia, Lam Research, Adobe, Juniper Networks, Consol Energy

☆ AI data centers could add 3 New York Cities of demand to the power grid in 2 years
▼ + stars: | 2024-07-03 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +6 min

So far, the only part of Earth AI seems hell-bent on dominating is the power grid. AI data centers are doubling the pace of electricity demand growth in the US to the extent that demand could exceed supply in just two years without action, according to Bernstein Research. The potential shortfall could mean higher prices for the computing power AI developers of all sizes are clamoring for, along with ample opportunity for investors willing to build up supply. How are AI companies planning aheadIt's not just the total power needed for AI computing infrastructure, it's the unique cadence of the power need and the cooling AI chips require. Amazon is clearing some of these hurdles by colocating some data centers with nuclear power sites.

Persons: —, that's, catchup, Bernstein, Jensen Huang, Huang, Agrawal, we're, Andrew Feldman, Feldman Organizations: Service, Bernstein Research, Business, Nvidia, Vertiv, Lambda, Cerebras Systems Locations: UAE, South Africa, Kenya, Nigeria, Egypt, Iceland

☆ An options trade that wins if the red-hot chip trade cools off in the second half
▼ + stars: | 2024-06-28 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

Although Micron (MU) has not had Nvidia's meteoric performance, it has been a stellar stock, doubling in the last year and up over 50% in 2024. The AI boom has buoyed memory chips higher as these chips have become a more important component for artificial intelligence accelerators. However, the possibly unrealistic bar now being set for AI earnings reports saw Micron drop more than 7% on high volume. I want to express a short-term bearish view in Micron as I believe further profit-taking will occur in the third quarter. Micron is one of the largest semiconductor companies in the world, specializing in high-bandwidth memory and storage chips.

Persons: Long Organizations: Micron, Nvidia, JPMorgan, MU, CNBC, NBC UNIVERSAL Locations: CapEx

☆ Nvidia's half-a-trillion dollar wipeout leaves global chip stocks volatile
▼ + stars: | 2024-06-25 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Global semiconductor stocks saw volatile trading on Tuesday after a slump in shares of Nvidia during the previous session. ASML is a key player in the global semiconductor market. ASMI , meanwhile, was up 0.4% while Soitec rose 0.4%, reversing losses earlier in the day as Nvidia shares recovered. Asian semiconductor shares also had a volatile day. Taiwanese chip firm MediaTek's shares fell 1.8%, while South Korean firm Samsung slipped 0.3%.

Persons: chipmaking giant's, ASMI Organizations: Nvidia Corporation, Nvidia, chipmaking, South, Samsung, SK Hynix Locations: Taipei, Taiwan, Europe, Asia, U.S, Switzerland

☆ Hedge funds are dumping tech stocks, especially chip names, heading into the second half
▼ + stars: | 2024-06-25 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Hedge funds are rotating out of tech stocks, especially winning chipmakers, after strong gains in the first half, according to data from Goldman Sachs' prime brokerage . The Wall Street investment bank said chip stocks now make up 4.3% of overall net exposure on its prime book, down from a five-year high of 5.8% at the start of June. The sale of tech stocks by hedge funds coincided with a retreat in the sector, led by Nvidia , the biggest beneficiary from the artificial intelligence boom so far. The stock fell about 6.7% Monday, adding to its 4% decline last week that snapped an eight-week winning streak. While hedge funds dumped tech names, they were rotating into financial stocks for a second straight week and at the fastest pace since December, Goldman said.

Persons: Goldman Sachs, Goldman, Jensen Huang Organizations: Technology, Goldman . Semiconductor, Nvidia, Microsoft Locations: U.S

☆ Voyager 1 resumes study of uncharted cosmic territory after computer glitch
▼ + stars: | 2024-06-18 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

Currently the farthest spacecraft from Earth, Voyager 1 stopped communicating coherently with mission control in November 2023. However, data from Voyager 1’s four science instruments, which study plasma waves, magnetic fields and particles, remained elusive. On May 19, the Voyager team sent a command to the spacecraft to start returning science data. Now, all four instruments are beaming back usable science data, according to an update shared by NASA on June 13. )”Long-lived space missionsMeanwhile, Voyager 1 is back to doing what it does best: Sharing insights from uncharted cosmic territory.

Persons: “, ” Long, Suzanne Dodd, ” Dodd Organizations: CNN, NASA, Voyager, Jet Propulsion Laboratory, JPL, Neptune Locations: Pasadena , California

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