Four years ago, Japanese conglomerate SoftBank (OTC: SFTBY) acquired British chip designer ARM Holdings for $32 billion in a bold expansion into the semiconductor market. But SoftBank is now reportedly mulling an IPO or sale of ARM to raise cash after a streak of poor investment
Shares of Taiwan Semiconductor Manufacturing Co Ltd (TSMC) jumped on Monday after U.S. chipmaker Intel signaled it may stop manufacturing its own chip components.
What happened
Shares of Advanced Micro Devices (NASDAQ: AMD) jumped 16.5% on Friday after rival Intel (NASDAQ: INTC) said it would delay the launch of its newest processor chips.
The S&P 500 Index (SNPINDEX: ^GSPC) closed down 20 points, or 0.62%, on July 24, a second-straight sell-off to close the week lower than it started for the first time in almost a month. Today's decline was driven by worries that tensions between the U.S. and China are risin
The stock market had another losing session on Friday, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) and Nasdaq-100 both fell around 1% on the day. That was slightly worse than other large-cap stock benchmarks, but the underperformance wasn't as significant as it has been in pas
Wall Street retreated on Friday, heading into the weekend with a broad sell-off due to weak earnings, surging coronavirus cases and geopolitical uncertainties.
Wall Street retreated on Friday, heading into the weekend with a broad sell-off due to weak earnings, surging coronavirus cases and geopolitical uncertainties.
What happened
Shares of Intel (NASDAQ: INTC) plummeted on Friday, following the release of its second-quarter earnings report and conference call. As of 3:20 p.m. EDT, Intel's stock was down more than 16%.
Wall Street retreated on Friday as weak earnings sparked a pre-weekend selloff that was also fed by surging coronavirus cases and geopolitical uncertainties.
U.S. stocks were set to fall for the second straight day on Friday as friction between United States and China and fears over rising U.S. COVID-19 cases dampened demand for risky assets.
Shares of Intel slumped and its rivals surged on Friday after the U.S. chipmaker signaled it may give up manufacturing its own components after falling far behind schedule developing its newest technology.
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
Technology stocks dragged Wall Street's main indexes lower on Friday on the back of Sino-U.S. tensions and fears over rising U.S. COVID-19 cases, putting the S&P 500 on track to erase all of its gains for the week.
In early trading on Friday, shares of Advanced Micro Devices (AMD) topped the list of the day's best performing components of the Nasdaq 100 index, trading up 11.2%. Year to date, Advanced Micro Devices registers a 44.5% gain.
In early trading on Friday, shares of Advanced Micro Devices (AMD) topped the list of the day's best performing components of the S&P 500 index, trading up 10.3%. Year to date, Advanced Micro Devices registers a 43.2% gain.