Chip stocks tanked as pandemic demand for electronics slumped, but there are still some winners

After two years of unprecedented chip gross sales and demand associated to the COVID-19 pandemic, a long-feared reversal has struck the semiconductor trade, but some markets are still performing strongly — for now. Wall Street analysts have been expecting a turnaround in the chip sector for months. And as pandemic-era shortages eased and clients understand […]

Continue Reading

Verizon has ‘few palatable choices,’ analyst says in downgrade

Verizon Communications Inc. is in a “particularly difficult position” given present wireless-industry tendencies, and that dynamic has one analyst taking a extra downbeat view on the shares. MoffettNathanson analyst Craig Moffett minimize his score on the telecommunications inventory to underperform from market carry out Thursday, writing that he continues to see “no easy answers” for […]

Continue Reading

Cisco Earnings Are Coming. Supply-Chain Issues Aren’t the Only Thing to Watch.

Textual content measurement Cisco shares closed up 0.4% on Tuesday, at $46.77, off 26% for 2022. Angel Garcia/Bloomberg Traders are eagerly awaiting the newest outcomes from know-how bellwether Cisco to get an replace on the state of enterprise spending. The maker of networking and safety merchandise is slated to report its fiscal fourth-quarter numbers after […]

Continue Reading

Unity Stock Tumbles After Board Rejects AppLovin’s Buyout Bid

Textual content measurement Unity Software program would not assume AppLovin’s provide was in one of the best pursuits of its shareholders. David Paul Morris/Bloomberg Videogaming firm Unity Software  on Monday rejected AppLovin’s  $17.54 billion takeover provide and stated it will transfer forward with its merger with ironSource , an Israeli software program firm that helps […]

Continue Reading

Berkshire Hathaway Bought Apple, Chevron Inventory, Sold GM, Verizon

Textual content measurement Warren Buffett’s Berkshire Hathaway made modest inventory purchases within the second quarter. Paul Morigi/Getty Pictures for Fortune/Time Inc Berkshire Hathaway added to its stakes in Apple , Chevron , Occidental Petroleum , and Activision Blizzard within the second quarter, in keeping with a regulatory filing late Monday. Berkshire Hathaway (ticker: BRKb ) bought […]

Continue Reading