Analyst Ivan Feinseth attributes the revision to the company’s accelerating momentum in artificial intelligence, cloud computing, and its digital video platform, YouTube.
President Donald Trump asserted that the United States is currently leading the artificial intelligence (AI) race against China. He attributed this to the impact of tariffs and the nation's energy policies.
Shares of power conversion and control solutions provider Vicor Corporation (NASDAQ:VICR)
fell 1.8% in the afternoon session after the major indices continued to retreat (Nasdaq -1.5%, S&P 500 -1.2%) amid profit-taking and renewed concerns about tariffs. The decline was not unique to Vicor, as the wider technology sector faced significant downward pressure. This sector-wide slump appears to be driven by a combination of investor profit-taking, following a strong year-to-date performance for chipmakers, and fresh uncertainty regarding tariffs. The PHLX Semiconductor Index, which is up 14% for the year, has lost nearly 2% in the last five days. The tech-heavy Nasdaq Composite also dropped 1.9%, with numerous other chip stocks like Lam Research and Qualcomm seeing declines of over 3%, underscoring the negative sentiment sweeping across the industry.
Wall Street stumbled on Tuesday, with broad losses by midday in New York as investors turned risk-off amid mounting concerns over lofty valuations, seasonal headwinds and fiscal strains.
QUALCOMM (QCOM) aligns with Peter Lynch's GARP strategy, showing strong EPS growth, a low PEG ratio, and robust financial health for long-term investors.
Qualcomm currently trades at $160.46 per share and has shown little upside over the past six months, posting a middling return of 4.5%. The stock also fell short of the S&P 500’s 10.5% gain during that period.
Market swings can be tough to stomach, and volatile stocks often experience exaggerated moves in both directions.
While many thrive during risk-on environments, many also struggle to maintain investor confidence when the ride gets bumpy.
Stocks drifted down from all-time highs after the July PCE inflation reading; the expectation for rate cuts now hinges on next week’s August jobs report
Shares of semiconductor manufacturing equipment maker KLA Corporation (NASDAQ:KLAC)
fell 2.8% in the afternoon session after a broad sell-off in the semiconductor sector and U.S. restrictions on chip equipment sales to China.
Putting Scarlett Johansson on a list of the most influential names in AI over Elon Musk drew backlash for TIME last year. The magazine made sure to include Musk this year.
Apple building a moat, securing supply and erecting a firewall against Trump's tariffs. First-mover advantage in chips and U.S investments shield them from rivals and political storms.
Artificial intelligence (AI) continues its remarkable trajectory, solidifying its position as the preeminent technological force driving unprecedented productivity gains and unlocking vast new revenue streams across virtually every industry. This isn't just a buzzword; it's a profound economic transformation, with companies deeply embedded in software, cloud services, and semiconductors reaping
