$NVIDIA(NVDA.US)$shares advanced, tracking gains across the chipmaking industry, after an almost 60% surge in$Taiwan Semiconductor(TSM.US)$'s revenue fueled optimism that the sector can grow earnings fast enough to keep up with soaring market value. Chipmakers rallied, with the PHLX Semiconductor Index's 0.9% gain outperforming the$S&P 500 Index(.SPX.US)$'s 0.1% rise and the$NASDAQ 100 Index(.NDX.US)$'s 0.2% increase....
Yesterday (17 April) trading session, there was a slight green movement, but most of the trading session on NYSE show mostly negative performance, with the volume of trades being below average. We saw some early attempts to buy the dip, but the market did not manage to keep up the upward momentum. Indices closing in their lows but still reflecting an overall downside. NASDAQ lost more than 1% and S&P 500 lost 0.58%, these was lar...
joe black8 :
criminal investigation, means money laundering. Amat sells to China launders the money which reflects on earnings. Hence earnings are not what they seem to be without illegal profits from selling to China
The semiconductor space has been surging over the past three months on improving demand from chips suppliers, data centers, PC manufacturers, and mobile phone producers, as well as reopening in China. However, mixed quarterly results from well-known players slowed down the rally in the sector lately While Intel$Intel(INTC.US)$and Qualcomm$Qualcomm(QCOM.US)$disappointed investors, Texas Instruments$Texas Instruments(TXN.US)$, Lam Res...