December 27, 2021
“Chip stocks have shined amid global semiconductor shortages, but some of the biggest names are looking pricey… Cheap Chips These are the cheapest stocks in the PHLX Semiconductor Sector index based on price to estimated 2022 earnings. Name/ Ticker Forward P/E… Continue Reading…
August 26, 2021
“U.K. car production plummeted to a new low last month, marking the worst July performance for the industry since 1956, according to a trade group. The Society of Motor Manufacturers and Traders said Thursday that U.K. manufacturers built just 53,438 vehicles in… Continue Reading…
July 6, 2021
“Nintendo on Tuesday announced a new version of its popular Switch game console. The new model has a larger and more colorful screen and will be available on Oct. 8 for $349.99. That price is a premium over the $299.99 for the… Continue Reading…
May 14, 2021
“The ongoing semiconductor chip shortage is now expected to cost the global automotive industry $110 billion in revenue in 2021, according to consulting firm AlixPartners. The forecast is up by 81.5% from an initial forecast of $60.6 billion, which the New York-based… Continue Reading…
April 9, 2021
“General Motors is temporarily shutting down more auto plants, leading to tight inventories at dealerships and higher prices for customers. The global chip shortage is to blame.The company announced it would shut production at two US plants — in Spring… Continue Reading…
September 14, 2020
“Chipmaker Nvidia has agreed to buy Arm Holdings, a designer of chips for mobile phones, from SoftBank in a deal worth $40 billion, the companies announced Sunday. The deal will include $21.5 billion in Nvidia stock and $12 billion in cash, including $2 billion payable at… Continue Reading…
September 12, 2020
“Samsung shares could rally over 40% in the next year, according to one analyst who sees TV and smartphone sales rebounding sharply in the near-term and a boost in the chip division. SK Kim, analyst at Daiwa Capital Markets, raised his… Continue Reading…
July 7, 2020
“The South Korean conglomerate said on Tuesday that it expects to make an operating profit of roughly 8.1 trillion won ($6.8 billion) for the three months that ended in June. That’s up nearly 23% from the same period a year… Continue Reading…
March 11, 2020
“Dow Jones industrial average tumbled 700 points, or about 3 percent, at the open. Standard & Poor’s 500 futures sank 2.8 percent and the Nasdaq fell 2.4 percent… Saudi Arabia on Wednesday announced its first oil production increase in a… Continue Reading…
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