Taiwan Semi Sets 2026 Launch for A16 Chip Technology, Aiming to Outpace Intel in Speed
TSMC announced new chip manufacturing technology A16 will start production in 2026, challenging Intel. Stock gained 62% in last 12 months.
Spotify Stock Sheds All Gains After Q1 Earnings, But Analysts Are Impressed With the Performance
Spotify reported strong Q1 earnings with revenue of $3.95B, beating expectations. Analysts raise price target and predict growth in 2024.
AI Server Market Is Expanding Rapidly – Analysts Highlight Super Micro Computer’s Importance In The Game
KeyBanc analyst Thomas Blakey initiated coverage on Super Micro Computer Inc (NASDAQ:SMCI) with a Sector Weight rating.
Samsung’s Latest 3D NAND Memory Chips Transform AI Data Centers and Mobile Devices
Samsung starts mass production of 286-layer NAND flash memory chips, with 33% faster data speeds and 10% lower power consumption. Big tech companies like Alphabet and Apple are major customers.
Rogers Comm’s Q1 Earnings Exceed Expectations Driven by Wireless Strength
Rogers Communications Inc reported strong Q1 2024 results, with revenue up 28% and EPS beating expectations. It also declared a quarterly dividend.
Silicon Labs ‘Still In Early Stages Of Recovery,’ CEO Says Citing Sharp Revenue Drop
Silicon Laboratories reported fiscal first-quarter 2024 sales of $106.4 million, down 56.9% year-over-year.
TE Connectivity Beats Q2 Earnings Estimates, Sees Growth in Orders Across All Segments
TE Connectivity reported Q2 2024 net sales of $3.97B, down 5% Y/Y but beating consensus. EPS of $1.86 also beat consensus. Orders were $4B, up 6% Q/Q. Company expects Q3 net sales of $4.0B and EPS of $1.85. Stock gained 12% in last year. Exposure through SHOC and MOTO ETFs. TEL trading lower at $142.00 premarket.
Amphenol Stock Gains After Q1 Print, What’s Going On?
Amphenol Corp. (NYSE: APH) reported 9% sales growth to $3.256B and $0.80 EPS, beating consensus. Board approved $2B stock repurchase plan.
AT&T’s Q1 Operating Cash Flow and Free Cash Flow Got A Boost – Does It Make A Case For Higher Dividends?
AT&T reported Q1 operating revenues of $30.03B, down 0.4%, missing consensus of $30.54B. Adjusted EPS of $0.55 beat consensus of $0.54. Mobility segment saw 741K wireless net adds. AT&T reiterated FY24 outlook of Wireless service revenue growth of 3%, Broadband revenue growth of 7%+, and adjusted EPS of $2.15-$2.25.
Elon Musk’s Big Bet: Tesla to Ramp Up AI Development with Nvidia’s Powerful Chips
Tesla may install 85K Nvidia H100 chips by year-end, surpassing Amazon and Google as a major customer. Musk's AI initiatives rely on these chips.