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Onsemi Plunges 18% as Weak Guidance Overshadows Q3 Earnings
US chipmaker Onsemi's stock crashed 18.6% at the market open after the company issued poor Q4 guidance.
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chip
Market Analysis
Nvidia-Backed Chipmaker Ayar Labs Secures $500M Funding at $3.75B Valuation
The Nvidia-supported chipmaker closed a $500 million Series E round, pushing total funding close to $1 billion.
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Intel’s Q3 Earnings Show Chipmaker’s Turnaround Plans Are Working
Shares of Intel surged 11% at Friday's market open following an upbeat Q3 2023 report.
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Broadcom Shares Down 5.8% Premarket After $14.2M Fine
Broadcom's shares fell nearly 6% in the Thursday premarket after South Korea regulators slapped a $14 million fine on the company.
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Qualcomm Shares Up 2.7% as Apple Extends Chip Deal for 3 More Years
Qualcomm's shares opened 2.7% higher on Monday after extending its 5G chip deal with Apple until 2026.
Market Analysis
AI Firms Scramble for Power as Chip Demand Outpaces Supply
AI companies are seeking additional computing power amid a new chip shortage.
Market Analysis
How the AI Boom Could Be Nvidia’s “iPhone Moment”
Nvidia has projected $11 billion in sales for the current quarter, far above Wall Street estimates of around $7.2 billion.