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Stocks Mixed Ahead of Fed Chair Warsh
Barchart27d agoneutral
Stocks Mixed Ahead of Fed Chair Warsh

The S&P 500 Index ($SPX ) (SPY ) is up by +0.17% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up by +0.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -0.18%. E-mini S&P futures (ESU26 ) are up +0.10%, and September E-mini...

Applied Materials forecasts quarterly revenue above estimates
Reuters42d agobearish
Applied Materials forecasts quarterly revenue above estimates

Applied Materials forecast ‌fourth-quarter revenue ‌above Wall Street expectations ​on Thursday, betting that unabated demand for ‌advanced AI ⁠chips will continue to ⁠fuel robust spending on ​its semiconductor ​manufacturing ​equipment. The company ‌forecast quarterly revenue of around $10.25 billion, plus or minus $500 million, compared ‌with ​analysts' average ​estimate ​of $9.54 ‌billion, according to data ​compiled ​by LSEG.

BofA’s $1.18T cloud forecast puts 3 chip stocks in focus
TheStreet51d agoneutral
BofA’s $1.18T cloud forecast puts 3 chip stocks in focus

Applied Materials (AMAT), Lam Research (LRCX), and KLA (KLAC) sell machines used to manufacture and inspect processors and memory chips. Cloud providers purchase finished processors and memory for artificial intelligence data centers. Chip manufacturers may need more factory equipment when server ...

KLA Shares Drop Despite Q4 Earnings Beat as Guidance Fails to Impress Investors
InvestorsHub57d agoneutral
KLA Shares Drop Despite Q4 Earnings Beat as Guidance Fails to Impress Investors

KLA Corporation (NASDAQ:KLAC) reported stronger-than-expected fiscal fourth-quarter results, but its shares fell more than 10% in pre-market trading on Wednesday after investors focused on a cautious near-term outlook and guidance that offered only limited upside. The semiconductor equipment manufacturer posted earnings per share of $1.

KLA Q4 Earnings Call Highlights
MarketBeat57d agoneutral
KLA Q4 Earnings Call Highlights

KLA (NASDAQ:KLAC) reported record June-quarter revenue and raised its outlook for the wafer equipment market, citing accelerating investment in artificial intelligence infrastructure, leading-edge logic, high-bandwidth memory and advanced packaging. Chief Executive Officer Rick Wallace said revenue

Reuters58d agoneutral
KLA Corp forecasts upbeat quarter on sustained AI investment

KLA Corp forecast first-quarter revenue and profit above Wall Street estimates on Tuesday, betting that continued ‌investment in AI infrastructure would sustain strong demand for ‌its chipmaking tools. Shares of the California-based company, however, fell 8% in extended trading. They have done risen over 57% so far this year.

Stocks Rally on Fed-Friendly CPI Report
Barchart72d agobullish
Stocks Rally on Fed-Friendly CPI Report

The S&P 500 Index ($SPX ) (SPY ) today is up +0.30%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.60%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.97%. September E-mini S&P futures (ESU26 ) are up +0.28%, and September E-mini Nasdaq futures...

Bloomberg84d agoneutral
Chip Stocks Off to Rough Start in Third Quarter With 2-Day Skid

(Bloomberg) -- Semiconductor stocks are starting the third quarter with their worst two-day selloff in nearly a month. Most Read from BloombergExxon to Change Name for First Time in Decades After RedomicileMeta Is Planning a Cloud Business to Sell AI Computing PowerGermany Rejects Trump’s Demands for NATO Loyalty to WashingtonRussia Indicates Ukraine Fired Long-Range Ballistic MissileKrafton Agrees to Pay ‘Subnautica 2’ Bonuses as Developer’s CEO ResignsThe Philadelphia Stock Exchange Semiconduc