|
Technology
|
Semiconductor Sector Faces Turbulence: Nvidia, Broadcom, Intel, ...
2024-09-07 09:00:08
Tech
Stocks
Business

Semiconductor Sector Faces Turbulence: Nvidia, Broadcom, Intel, and ASML in Focus

Image used under license from Shutterstock.com

This week witnessed a significant downturn in the semiconductor industry, with Nvidia, Broadcom, Intel, and ASML experiencing notable stock declines. Nvidia, in particular, saw a 14% drop, the most significant since January 2022, triggered by concerns over its position in the Dow Jones Industrial Average.

Analysts are closely monitoring tech spending and diversification given the recent sell-off. Additionally, Nvidia's stock flirted with key technical levels, reflecting investor unease amid lingering effects from the second-quarter results and a DOJ probe.

Meanwhile, Intel grapples with a crisis, facing competition from Nvidia and TSMC. Amidst uncertainties, Intel aims to transform into a leading foundry with substantial support.

Lastly, Nvidia, once the most valuable tech company, is now under a US Justice Department antitrust probe, causing a $279 billion market cap loss and a 9.5% stock plunge. Challenges loom for Nvidia post-record highs, with experts advising caution amidst the current lack of positive catalysts.

Related news on that topic:

Navigating the AI Trade: TSMC Supplier's Growth, Nvidia's ... Broadcom's Potential

Scientech Corp., a vital TSMC supplier, remains optimistic about AI chip demand despite Nvidia's recent financial stumble. With innovative technology and a solid market share, Scientech anticipates continued growth. Meanwhile, Broadcom emerges as a beacon of hope in the AI trade, with strong AI-related sales forecasted to boost investor confidence. Nvidia's challenges include slowing growth and valuation concerns, despite recent sales successes. Broadcom, though cautious about non-AI sales, raises its AI revenue estimate due to increased demand for custom chips. The semiconductor sector, amidst ups and downs, proves resilient, with Broadcom poised to outperform and benefit from the AI trend.

Nvidia's Antitrust Woes and Market Impact: A Summary

Nvidia faces a DOJ antitrust probe over AI chip dominance, resulting in a $279 billion stock market plunge, raising concerns over preferential treatment and market control. The US Justice Department investigates Nvidia's RunAI acquisition, pricing strategies, and customer prioritization, impacting its leading position in AI hardware. Despite record sales, Nvidia's stock declines, signaling potential challenges ahead. Experts warn of a market cycle peak, with implications for broader stock trends and inflation. Google battles an antitrust lawsuit from Yelp, adding to tech industry turmoil.

Read 4 more recent news on this topic

The press radar on this topic:

The Street
8. September 2024 um 12:04

Veteran fund manager unveils startling Nvidia stock forecast TheStreet Daily Newsletter

Finance
Technology
Economy
Nvidia, the AI powerhouse, faces slowing growth and valuation concerns. Its Q3 revenue guidance shows a slowdown, and its stock price is trading 10% below its June peak despite the S&P 500 reaching new highs. Concerns include supply-demand imbalance, AI adoption pace, and production challenges. Nvidia's profit margins have peaked, and the success of its Blackwell chips is crucial to justify its valuation, which has a trailing P/E of 74 and a forward P/E of 43. However, Nvidia's Q2 results showed..
The Street
9. September 2024 um 16:04

Intel's future suddenly may be in doubt TheStreet Daily Newsletter

Technology
Economy
Finance
Once a tech titan, Intel now faces a crisis: plummeting stock, layoffs, suspended dividends. Competitors like Nvidia and TSMC dominate chip design and manufacturing. Intel's CEO aims to make it a top foundry, aided by $8.5B in grants and $11B in loans from the Biden Administration, and investments from Brookfield and Apollo. But progress is slow, and the company's AI chip Gaudi trails Nvidia's $20B quarterly sales. Intel's 56-year history is in jeopardy as it struggles to adapt, failing to rec..
The Street
9. September 2024 um 23:05

Analysts revisit Broadcom stock price targets after Q3 earnings TheStreet Daily Newsletter

Economy
Technology
Finance
Broadcom CEO Hock Tan expects an AI investment 'upcycle' that could surpass previous cycles, driven by the need to upgrade servers, storage, and networking connectivity across the ecosystem to manage AI workloads. Analysts have mixed views on Broadcom's earnings, with some remaining bullish on the company's long-term AI revenue story.
Yahoo Finance
6. September 2024 um 21:01

Why Nvidia and Chip Stocks Just Had Their Worst Week in More Than 2 Years

Finance
Technology
Economy
Nvidia shed 14% in the holiday-shortened trading week, about as much as Intel, which faced reports it could lose its spot in the Dow Jones Industrial Average. The chip stock slump was the biggest weekly decline since January 2022.
CW

Account

Waiting list for the personalized area


Welcome!

InfoBud.ai

infobud.ai is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Spotlighting today's most mentioned stocks in the media. Uncover the stories making waves in the stock market:

A closer look at the individuals who are leading today's news narratives. Find out what makes them the center of attention.

Exploring the five locations receiving the most media attention in the last 24 hours. Discover what puts these places in the global spotlight

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!

News

All News
Politics
Technology
Economy
Business
Climate

About

About Us
Team + Mission

Legal

Cookie Settings
Disclaimer
Legal Notice
Data Privacy

Contact

Contact