Latest measures to revitalize the chip industry! The USA has launched a $1.6 billion chip packaging research subsidy program.

According to Zhitong Finance APP, the US government is launching a $1.6 billion funding competition for chip packaging research and development projects, marking the latest attempt to revive the US semiconductor industry. Laurie E. Locascio, deputy secretary for standards and technology at the US Department of Commerce, said the funds come from the 2022 Chips and Science Act and will be used for research in five areas. Besides supporting research, officials also hope to provide funds for prototype development. Packaging -- the process of packaging chips to protect them and connect them to devices -- is an important part of the chip industry. The United States accounts for only 3% of global capacity.

Zhitong Finance32minutes ago

Top Gap Ups and Downs on Tuesday: BABA, TTE, MUFG and More

Gaps can show signals that something important has happened to the fundamental or the psychology of traders that accompanies this market movement.

Moomoo News54minutes ago

Express News | US Launches $1.6B Competition For Chip Packaging Research Initiatives

Benzinga12:32 ET

Citigroup suggests that investors take profits on overinflated ai concept stocks.

According to Citigroup's strategist, there are no signs that the rally of AI stocks will weaken, but based on historic experience, it is time to realize profits for large-cap stocks. Strategy analysts including Drew Pettit said that confidence in AI-related stocks is at its highest level since 2019, and they expect that most of these companies will generate free cash flow beyond what analysts are predicting. Such data usually indicates that there will be "significant volatility" in the future. They also said that while there may not currently be signs of a price bubble, the rise of certain stocks is "concerning." The AI frenzy has driven the stock market to reach a record high this year.

環球市場播報Jul 9 09:35 ET

Taiwan Semiconductor, with a market capitalization of trillions, is about to face its financial report test. Here are seven focus points.

Next Tuesday, global chip foundry giant Taiwan Semiconductor will release its second-quarter financial report. According to media compiled data, the market is currently expecting the company's second-quarter revenue to increase by 36% year-on-year, marking the fastest growth since the fourth quarter of 2022. Amid strong bullish sentiment, Taiwan Semiconductor's stock price hit a new record high during regular trading hours of the U.S. stock market, and the company's market cap briefly surpassed 1 trillion U.S. dollars. Analysts from JPMorgan, Gokul Hariharan and Robert Hsu, maintained a 'shareholding' rating for Taiwan Semiconductor and raised its target price for 2025 to NT$1,080 in a research report released on July 7th.

wallstreetcnJul 9 09:28 ET

Today's Analyst Rating | Apple Price Target Raised to $260 by Melius Research, New Street Initiates Coverage on Microsoft With Target Price of $570

Jul 9, Wall Street analysts have updated their stock ratings today including $Apple(AAPL.US)$ and $Microsoft(MSFT.US)$.

Moomoo NewsJul 9 09:00 ET · Ratings