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☆ CNBC Daily Open: Wall Street rebounds, investors to monitor earnings and inflation data
▼ + stars: | 2024-08-12 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

Traders work on the floor of the New York Stock Exchange during morning trading on May 31, 2024 in New York City. This 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. Asia markets climb higherAsia-Pacific markets were mostly higher on Monday ahead of U.S. economic data later in the week. [PRO] Distinct marketWhile U.S. and Japanese indexes fell sharply amid recent volatility, the MSCI China index rose slightly, reinforcing China's distinct market status despite slower growth.

Persons: Disney, Indiana Jones, Donald Trump, Sen, Elizabeth Warren, Elon Musk, Elon Musk's, Warren, Tesla, Robyn Denholm, Musk, Hai Precision Industry —, —, Australia's, Hong Organizations: New York Stock Exchange, CNBC, Wall, Dow Jones, Nasdaq, Magic, Hollywood, Inc, Animal Kingdom, Trump, Trump Media, SpaceX, Twitter, Hai Precision Industry, SK Hynix, China's CSI, U.S Locations: New York City, U.S, Magic Kingdom, Disney's California, Friday's, Asia, Pacific, Taiwan, Australian, China

— 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, “

Japan stocks rebounded sharply on Tuesday after the Nikkei 225 and the Topix dropped over 12% in the previous session. The Bank of Japan raising rates to their highest level since 2008 on July 30 caused the yen to strengthen to a seven-month high, pressurizing stocks. Markets globally were also spooked by fears of a U.S. recession stoked by a weaker-than-expected jobs report. Real wages in Japan also grew 1.1% in June compared with a year ago, the first time that wages have risen in 26 months. Strong wage growth offers more room for the Bank of Japan to tighten its monetary policy.

Persons: Topix, Korea’s Kospi, Hong, Australia’s, Brent, Dow Organizations: Nikkei, Bank of, Softbank Group Corp, U.S ., South Korean, Samsung Electronics, chipmaker SK Hynix, China’s CSI, . West Texas, Bank of Japan, Reserve Bank of Australia, Dow, Nasdaq Locations: Japan, Asia, Pacific, Bank of Japan, U.S

The upscale shopping district of Ginza in Tokyo, Japan, on Saturday, May 4, 2024. Japan stocks rebounded sharply on Tuesday after the Nikkei 225 and the Topix dropped over 12% in the previous session. Other Asia-Pacific markets also opened higher. Japan's Nikkei 225 — which saw its largest loss in the previous session since the 1987 Black Monday crash — and the broad-based Topix gained over 10%. The rebound comes after South Korean markets were halted temporarily on Monday after circuit breakers activated.

Persons: Topix, Korea's Kospi, Australia's, Brent Organizations: Nikkei, U.S ., Softbank Group Corp, South, South Korean, Samsung Electronics, chipmaker SK Hynix, . West Texas Locations: Ginza, Tokyo, Japan, Asia, Pacific

☆ 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

☆ Intel shares plunge 28%, dragging down global chip stocks
▼ + stars: | 2024-08-02 | by ( Arjun Kharpal | Arjun Kharpal Is A Senior Correspondent For Cnbc In London. | ) www.nbcnews.com time to read: +2 min

Global semiconductor stocks fell Friday after a lackluster set of results from U.S. chip firm Intel sent its shares cratering, and a global market sell-off weighed on some of the biggest names in the tech sector. A number of major U.S. chip names also dropped on Friday in U.S. premarket trade, with Nvidia trading around 4% lower. The DOJ is looking at complaints that the chip giant allegedly abused its market dominance in artificial intelligence chips, The Information reported. Adding to the pressure on chip stocks is a global equity sell-off that began in the U.S. and has fed its way through to Asia and Europe. The VanEck Semiconductor ETF, which includes major names in the sector, closed roughly 6.5% lower in the U.S. on Thursday.

Persons: ”, prem Organizations: Intel, Nvidia, U.S . Department of, DOJ, NVIDIA, CNBC, Taiwan Semiconductor Manufacturing, Samsung, SK Hynix, midafternoon, Infineon, AMD, Qualcomm, Nasdaq, VanEck Semiconductor Locations: U.S, Asia, Taiwan, South Korea, TSMC, Europe, Netherlands

☆ Intel's 22% share plunge drags down global chip stocks from TSMC to Samsung
▼ + stars: | 2024-08-02 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Pat Gelsinger, chief executive officer of Intel Corp., speaks during the Computex conference in Taipei, Taiwan, on Monday, June 4, 2024. Intel shares fell 21.51% at 04:37 a.m. In Asia, Taiwan Semiconductor Manufacturing Co. — known as TSMC — closed 4.6% lower in Taiwan, and Samsung was also more than 4% lower at the end of the session in South Korea. TSMC is the world's biggest manufacturer of chips, while Samsung is the largest memory semiconductor firm globally. Samsung rival SK Hynix, which supplies U.S. giant Nvidia, also fell sharply to close more than 10% lower.

Persons: Pat Gelsinger, Gelsinger, Annabelle Chih Organizations: Intel Corp, Nvidia Corp, Bloomberg, Getty, Intel, Taiwan Semiconductor Manufacturing, Samsung, SK Hynix, Nvidia Locations: Taipei, Taiwan, U.S, Asia, South Korea, TSMC

☆ Samsung second-quarter operating profit soars 1,458% as AI demand remains strong; results top estimates
▼ + stars: | 2024-07-31 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +3 min

Revenue: 74.07 trillion Korean won (about $53.45 billion) vs. 73.74 trillion Korean won74.07 trillion Korean won (about $53.45 billion) vs. 73.74 trillion Korean won Operating profit: 10.44 trillion Korean won vs 9.53 trillion Korean won Samsung's revenue for the quarter ended June jumped 23.42% from a year earlier, while operating profit soared 1,458.2%. For the second half, Samsung said it expects the demand from server AI to stay strong across server products including HBM and SSD. The firm added that expanding capacity to meet demand for HBM and server DRAM could further constrain supply of conventional memory chips. Memory momentumHBM memory chips are crucial for AI chips – which have seen a huge demand enabled by the AI boom. The South Korean electronics giant saw record losses in 2023 as the industry reeled from a post-Covid slump in demand for memory chips and electronics.

Persons: Joan Cros, CLSA, SK Kim Organizations: Samsung, Mobile, Getty, Nurphoto, Samsung Electronics, Korean, SK Hynix, Nvidia, SK, Daiwa, Markets, Business Locations: Barcelona, Spain, LSEG, Korean

☆ Nvidia supplier SK Hynix to build $6.8 billion chip plan in South Korea
▼ + stars: | 2024-07-26 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

SK Hynix logo displayed on a phone screen as seen in this illustration photo taken in Krakow, Poland on January 30, 2023. Memory chip giant SK Hynix on Friday said it plans to invest 9.4 trillion Korean won ($6.8 billion) to build a new semiconductor manufacturing plant in an emerging chip hub in South Korea. Earlier this year, SK Hynix committed 120 trillion won to build 4 fabs in the Yongin cluster. South Korea is also home to Samsung, the world's biggest memory chip maker. SK Hynix has been riding the AI wave and its partnership with Nvidia, this week reporting that second-quarter profit came in at its highest level in six years.

Persons: SK Hynix Organizations: SK Hynix, SK Hynix's, South Korea's SK Hynix, Nvidia, SK, Samsung Locations: Krakow, Poland, South, Seoul, South Korea

☆ SK Hynix stock: Today's correction is a 'buying opportunity,' analyst says
▼ + stars: | 2024-07-25 | 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 EmailSK Hynix stock: Today's correction is a 'buying opportunity,' analyst saysSanjeev Rana, CLSA head of Korea research, says the Nvidia supplier's stock "is taking a big hit today. I don't think this is related to results," adding that the company's "sequential earnings growth should be very strong" in the coming quarters.

Persons: Sanjeev Rana, CLSA Organizations: SK Hynix, Nvidia Locations: Korea

☆ 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

☆ Asia chip stocks tumble amid news the U.S. may consider trade curbs
▼ + stars: | 2024-07-18 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +1 min

Chip stocks in Asia tumbled on Thursday following a tech selloff on Wall Street amid reports the U.S. may be considering tighter export restrictions. TSMC's suppliers also took a hit, with Japanese machinery companies Tokyo Electron slumping almost 9% while Screen Holdings fell more than 8%. Any sort of tariffs and curbs to trade are going to impact these chip companies. South Korean chip stocks were not spared. Samsung Electronics slid by nearly 2%, while SK Hynix tumbled nearly 5% and SK Square plunged nearly 10%.

Persons: Biden, Organo, Ayako Yoshioka Organizations: Bloomberg, Taiwan Semiconductor Manufacturing, Screen Holdings, Samsung Electronics, SK Hynix, SK Square Locations: U.S, China, Asia, Tokyo

☆ Morgan Stanley says memory stocks are set for 'new highs' and names its top picks
▼ + stars: | 2024-06-27 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Morgan Stanley analysts say they are expecting the computer memory sector to hit new highs over the rest of 2024, despite investors "generally" not being comfortable buying such stocks at such lofty prices. Aside from their attractive valuations, memory stocks are expected to see a lift in demand on the back of stronger usage of artificial intelligence-powered applications, infrastructure, tools and services, the analysts added. Top pick and overweight-rated stocks SK Hynix , the South Korean chipmaker, is Morgan Stanley's "top pick." Both stocks trade on the Korean Exchange and in the iShares MSCI South Korea ETF (SK Hynix has a 10.7% weight while Samsung Electronics has a 22.2% weight). Morgan Stanley is overweight on the stock and gives it a price target of $86, or nearly 12% upside.

Persons: Morgan Stanley, Shawn Kim, Morgan Stanley's, — CNBC's Michael Bloom Organizations: SK Hynix, Samsung Electronics, South Korean, SK Hynix —, Samsung, Korean Exchange, Western Locations: Korean, Korea

☆ Tech giants bet next-generation optical networks will reduce AI's climate impact, aid 6G transition
▼ + stars: | 2024-06-25 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

IOWN Global Forum is a global group aiming to develop technical standards for all-photonics networks. "Mobile traffic is growing more and more every day," Katsuhiko Kawazoe, chair of the IOWN Global Forum, told CNBC via email. "Data centers are becoming bigger and bigger, and hyperscale data centers are a struggle for societies' carbon reductions," Kawashima said. "To deploy antennas, we need optical fiber to connect antennas to radio data centers," Kawashima explained. For now, the IOWN Global Forum is working toward achieving its main goals by 2030.

Persons: —, Kawazoe, Gonzalo Camarillo, OpenAI's, Kawashima, Banks, NTT's Kawashima Organizations: Getty, Microsoft, Google, Intel, Sony, IOWN, photonics, NTT, Ericsson, Nokia, SK Hynix, CNBC, IOWN Global, NTT Corporation, Mitsubishi, Netflix, Amazon, 5G

☆ 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

☆ 'Outsized winners': Morgan Stanley names global stocks to tap the 'upgrade supercycle' in a corner of AI
▼ + stars: | 2024-06-19 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

The market is underestimating one corner of artificial intelligence, according to Morgan Stanley. The innovation in the sector is set to drive AI chip capabilities, said Morgan Stanley. Morgan Stanley says it sees "outsized winners" in Japan, South Korea and the European Union. Taiwan TSMC : Morgan Stanley noted the Taiwanese semiconductor firm is a major provider of CoWoS technology, a type of packaging technology. Japan Morgan Stanley says it favors Disco and Advantest the most out of all the companies in Japan that are producing equipment for advanced packaging.

Persons: Morgan Stanley, That's, Amkor, TSMC, — CNBC's Michael Bloom Organizations: Engineers, European Union, United, Semiconductor Assembly, Test Services, Apple, ACM Research, SK Hynix, SK Hynix's Locations: Japan, South Korea, United States, Arizona, Taiwan

☆ Asia-Pacific markets rebound as Wall Street rallies overnight; Australia holds rates
▼ + stars: | 2024-06-18 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

A pedestrian and jogger pass the Reserve Bank of Australia (RBA) building, during a partial lockdown imposed due to the coronavirus, in Sydney, Australia, on Monday, May 18, 2020. David Gray | Bloomberg | Getty ImagesAsia-Pacific markets rebounded on Tuesday as Wall Street rallied overnight, with investors assessing the Reserve Bank of Australia's interest rate decision. The RBA held its benchmark interest rate at 4.35% for its fifth straight meeting, saying that inflation "remains above target and is proving persistent." The RBA also noted that the economic outlook remained "uncertain," with recent data signaling that achieving the inflation target was unlikely to be smooth. Automaker Hyundai also hit a fresh record, gaining about 1.62% on news that it plans to list its India unit in Mumbai.

Persons: David Gray, Kazuo Ueda, Akio Toyoda, Kospi Organizations: Reserve Bank of Australia, Bloomberg, Getty, Wall Street, Bank, Japan's Nikkei, Reuters, Bank of Japan, Toyota, Samsung Electronics, SK Hynix, Hyundai, CSI Locations: Sydney, Australia, Asia, Pacific, Mumbai, Hong

☆ Americans tired of sky-high borrowing costs will be disappointed this week
▼ + stars: | 2024-06-10 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

New York CNN —Another month, another hot jobs report that has Wall Street wondering when the Federal Reserve will finally cut interest rates. On the other, it puts long-awaited interest rate cuts from the Federal Reserve on the back burner. Before the Bell: Do you think the Fed could lower its projection for three quarter-point rate cuts this year? Is it concerning that the European Central Bank and Bank of Canada have begun cutting rates before the Fed? A Samsung spokesperson told CNN that, “there is no impact on production and management activities” as a result of the one-day walkout.

Persons: Bell, Nate Thooft, I’m, that’s, Yoonjung Seo, —, Son Woomok, Matt Egan, Lina Khan, Beam, Robinson Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Manulife Investment Management, Reserve, European Central Bank, Bank of Canada, European Central Bank and Bank of Canada, Workers, Samsung Electronics, Nationwide Samsung Electronics Union, CNN, Reuters, Samsung, SK Hynix, Micron Technology, Federal Trade Commission, Southern, Biden, FTC, Politico Locations: New York, South Korea, Miami, United States

☆ Samsung Electronics’ workers in South Korea go on strike for the first time ever
▼ + stars: | 2024-06-07 | by ( Yoonjung Seo | Diksha Madhok | ) edition.cnn.com time to read: +2 min

Seoul CNN —A labor union at Samsung Electronics in South Korea said many workers went on strike Friday, marking the first such walkout in the smartphone and chipmaking giant’s 55-year history. The Nationwide Samsung Electronics Union (NSEU) said last week that its 28,000 members — just under a quarter of the company’s total workforce in the country — would stage a one-day strike on June 7, following failed negotiations over pay and bonus arrangements. A Samsung spokesperson told CNN that, “there is no impact on production and management activities” as a result of the one-day walkout. The vast majority of the world’s advanced microchips are made in just two places: Taiwan and South Korea. Taiwan’s industry is larger and more dominant, something South Korea is keen to challenge.

Persons: —, Son Woomok, Anthony Wallace, chipmaker Organizations: Seoul CNN, Samsung Electronics, Nationwide Samsung Electronics Union, CNN, Reuters, Samsung, SK Hynix, Micron Technology, Getty, Intel Locations: Seoul, South Korea, AFP, Taiwan

☆ This 'quasi monopoly' chip stock will drive AI trend for the next decade, says fund manager
▼ + stars: | 2024-06-06 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

European chip stock ASML "is almost in a quasi-monopoly position" to drive developments in artificial intelligence over the next decade, according to fund manager Marcus Morris-Eyton. Its customers include TSMC , which makes the AI chips designed by Nvidia , AMD and Intel , as well as Samsung and SK Hynix . Shares fell by 7% on the day as the company provided what analysts labeled "soft" guidance for the current quarter. Earlier this week, the company opened a test laboratory for its next-generation lithography equipment with Belgium chip research firm Imec. "Ultimately, if you need AI, if you need [electric vehicles], if you need data centers, you need more chips," Morris-Eyton added.

Persons: Marcus Morris, that's, ASML, It's, Francois, Xavier Bouvignies, Tammy Qiu, Didier Scemama, Marie Ganneval, Eyton, Morris Organizations: Nvidia, AMD, Intel, Samsung, SK Hynix, U.S, Infineon, BE Semiconductor, Wall Street, UBS, of America, AllianceBernstein's, ASML, CNBC Locations: United States, TSMC, Belgium, Veldhoven, Netherlands, ASML

☆ ASML, Belgium's Imec open laboratory to test newest chip-making tool
▼ + stars: | 2024-06-03 | by ( ) www.cnbc.com time to read: +1 min

ASML , the biggest maker of equipment used to manufacture semiconductors, said on Monday it has opened a test laboratory for its High NA EUV lithography equipment, together with Belgium chip research firm Imec. Among chip manufacturers, only TSMC, Samsung, Intel and memory specialists SK Hynix and Samsung are able to manufacture using ASML's current generation of extreme ultraviolet or EUV machines. The new High NA tool allows for up to 60% better resolution, and is expected to lead to new generations of smaller, faster chips. ASML repeated on Monday that it expects customers to begin commercial manufacturing with the tool in 2025-2026. To date ASML has only shipped one other test machine, to Intel in the United States, which plans to use the tool in its 14A process in 2025.

Persons: ASML Organizations: ASML, Samsung, Intel, SK Hynix Locations: Veldhoven, Netherlands, Belgium, United States

☆ South Korean tech conglomerate SK Inc. surges 16% after chair's $1 billion divorce settlement
▼ + stars: | 2024-05-30 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Chey Tae-won, billionaire and chairman of SK Group, prepares to leave after speaking during the Nikkei Forum Future of Asia in Tokyo, Japan, on Thursday, May 23, 2024. Shares of SK Inc., one of South Korea's biggest conglomerates, surged as much as 16% on Thursday after a court reportedly ordered the company's chairman to pay $1 billion to his wife in a divorce lawsuit. Chey Tae-won was told by a Seoul court to pay 1.38 trillion Korean won to his estranged wife, Roh Soh-yeong. Prior local reports suggested Roh was seeking around 2 trillion won as part of a settlement and some of Chey's shares in SK Inc. The final settlement is lower, perhaps explaining the jump in SK Inc. shares, which eventually closed more than 9% higher in Seoul.

Persons: Chey Tae, Roh, yeong, Chey, Roh Tae Organizations: SK Group, Nikkei, SK Inc, CNBC, SK Hynix, SK Telecom, South Locations: Asia, Tokyo, Japan, South, Seoul

☆ Morgan Stanley picks global stocks to ride the Nvidia boom — and gives 4 more than 50% upside
▼ + stars: | 2024-05-29 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Investor darling Nvidia is dominating headlines once again after its earnings last week surpassed expectations on the back of the artificial intelligence boom. Morgan Stanley notes that the reaction to Nvidia's first quarter results is "very telling on how much buying power still exists in the market." Here are seven of Morgan Stanley's overweight-rated stocks to play these AI themes: Overweight-rated stocks Among Morgan Stanley's list of AI stock opportunities are South Korean tech giant SK Hynix and Taiwanese chipmaker Taiwan Semiconductor Manufacturing Company . SK Hynix stocks are held in the iShares MSCI South Korea ETF (8.4% weight) and Franklin FTSE South Korea ETF (8.3% weight). Shares in TSMC are included in the iShares MSCI Taiwan ETF (25.1% weight) and Franklin FTSE Taiwan ETF (22.2% weight) Beyond the headline-makers, Morgan Stanley also sees potential in Japanese manufacturer Advantest Corp .

Persons: Morgan Stanley, Nvidia's, Hopper, Morgan Stanley's, Morgan, Goldman Sachs, — CNBC's Michael Bloom Organizations: Nvidia, SK Hynix, Taiwan Semiconductor Manufacturing Company, Korea ETF, Franklin FTSE, Franklin FTSE South Korea ETF, Advantest Corp, Japan Equity, JPMorgan BetaBuilders Japan, Alchip Technologies, Technology, Memory Technology, Micronics Locations: Asia, Korean, Korea, Franklin FTSE South, Taiwan, Franklin FTSE Taiwan

☆ Nvidia and more: Citi names global stocks to play the semiconductor boom
▼ + stars: | 2024-05-28 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

The global semiconductor industry is set to experience "groundbreaking changes," Citi said, naming stocks to play the theme. Here are six stocks from Citi's list, which stand out for having substantial upside potential, according to FactSet's consensus price targets. Nvidia Among Citi's list of top stocks is investor darling Nvidia . Samsung Electronics and SK Hynix South Korean tech giants Samsung Electronics and SK Hynix also made Citi's list. Citi also noted that SK Hynix is looking forward to stronger supplies of HBM3E chips through to 2025, "in line with the customer's roadmap."

Persons: Atif Malik, ASMPT, Kevin Chen, Takayuki Naito, Ibiden, Hynix, Peter Lee, — CNBC's Michael Bloom Organizations: Citi, Nvidia, Tokyo Stock Exchange, Franklin FTSE, Franklin FTSE Hong Kong ETF, BlackRock Future Tech ETF, Samsung Electronics, SK Hynix South, SK Hynix, Korea ETF, Franklin FTSE South Korea ETF Locations: Hong Kong, Franklin FTSE Hong, SK Hynix South Korean, Korea, Franklin FTSE South

☆ Samsung Electronics names new chief for semiconductor business as AI chip race heats up
▼ + stars: | 2024-05-21 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

Samsung Electronics named a new head for its semiconductor business on Tuesday, as the firm strives to lead the AI chip race. The firm aims "to strengthen its competitiveness amid an uncertain global business environment," Samsung Electronics said, adding that Jun has extensive experience leading the company's memory and battery manufacturing divisions. Samsung is in intense competition with SK Hynix to produce the most advanced memory chips in the market to ride the AI wave. The memory chip market is currently dominated by Samsung, SK Hynix and Micron — the world's top three suppliers. SK Hynix has been leading on the high-bandwidth memory front, having been the sole supplier of HBM3 chips to Nvidia , which is at the forefront of AI chips.

Persons: Young Hyun, Kyehyun Kyung, Kazunori Ito Organizations: Samsung Electronics, Samsung Advanced Institute of Technology, Samsung, SK Hynix, Micron, Nvidia, Morningstar

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