Cfoto | Future Publishing | Getty ImagesAsia’s semiconductor and associated stocks slipped Wednesday morning, following a steep plunge in Nvidia’s share price in the U.S. overnight.In the U.S., chipmaker Nvidia plunged more than 9% in regular trading, leading semiconductor stocks lower amid a sell-off on Wall Street. Economic data published Tuesday resurfaced jitters about the health of the U.S. economy. Nvidia shares continued sliding in post-market trading Tuesday, falling 2%, after Bloomberg reported that the company received a subpoena from the Department of Justice as part of an antitrust investigation.Nvidia’s value chain extends to South Korea, namely, memory chip maker SK Hynix and conglomerate…
Author: usaeverydaylife
Chris Verrone, Strategas head of technical and macro research, joins ‘Fast Money’ to give his health care playbook. Source link
Indian Prime Minister Narendra Modi during the launch of BJP membership campaign on Sept. 2, 2024 in New Delhi, India.Hindustan Times | Hindustan Times | Getty ImagesIndian Prime Minister Narendra Modi is set to meet his Singapore counterpart Lawrence Wong this week marking his first trip to the city-state since he won a historic third term in office in June.Modi will also be meeting Singapore President Tharman Shanmugaratnam, Senior Minister and former Prime Minister Lee Hsien Loong, and Emeritus Senior Minister Goh Chok Tong during his two-day visit.”Singapore has consistently been a friend of India in the region, and has…
After focusing on the top half of the playoff bracket last week, it’s time to check in on a surprisingly spirited race for the eighth seed. With about two weeks left in the regular season, seven playoff teams are essentially set in stone, though the matchups aren’t yet set.There is drama at the bottom of the postseason bracket. Chicago has been in a tailspin since the Olympic break, relinquishing what had been a comfortable lead over the lottery teams. The Sky have lost six in a row, suffering from the absence of Chennedy Carter (illness) and already without Marina Mabrey…
A view of NVIDIA headquarters in Santa Clara of Silicon Valley, California, United States on August 28, 2024. Tayfun Coskun | Anadolu | Getty ImagesThis report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.What you need to know todayNvidia sinksNvidia shares plummeted 9.5% Tuesday, erasing nearly $300 billion from its market capitalization. Other chipmakers were affected too: The VanEck Semiconductor ETF sank 7.5%. Nvidia’s slide continued in extended training, falling 2% after it was…
The final trades of the day with the Fast Money traders. Source link
Investment strategist Anthony Doyle has flagged one Dutch chip stock to play the booming AI trend — and it’s not ASML . Instead, Doyle, who’s head of investment strategy at the Sydney-headquartered Firetrail Investments, likes BE Semiconductor Industries , which supplies semiconductor assembly equipment. Doyle described BE Semiconductor as a “less favored way to play the boom in AI hardware.” It produces the equipment needed for the hybrid bonding process, which forms the permanent bond between chips or wafers. BE Semiconductor holds a 90% market share in the hardware manufacturing space, Doyle added, and counts chipmaking giant Taiwan Semiconductor Manufacturing…
By going chalk, United States captain Jim Furyk has created intrigue ahead of this month’s Presidents Cup.Furyk selected Nos. 7-12 on the team standings for his six captain’s picks, announced on Tuesday. The move means Ryder Cup captain Keegan Bradley will be playing for Team USA for the first time in a decade, but longtime American stalwart Justin Thomas will be left at home.The other American picks were Sam Burns, Russell Henley, Max Homa, Brian Harman and Tony Finau. Scottie Scheffler, Xander Schauffele, Collin Morikawa, Wyndham Clark, Patrick Cantlay and Sahith Theegala were the six automatic selections to the team.The…
Employees work at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, Jan. 4, 2024.Bloomberg | Bloomberg | Getty ImagesAsia-Pacific markets plunged on Wednesday, led by Japan’s Nikkei 225 after U.S. tech stocks sold off and weak U.S. economic data sparked recession fears.Japan’s Nikkei 225 was down 3.06%, leading losses in Asia, while the broad based Topix was down 2.42%.South Korea’s Kospi lost 2.59% on its open, as well as the small cap Kosdaq, which saw a 3.05% loss.Australia’s S&P/ASX 200 lost 1.37%.Hong Kong’s Hang Seng index futures were at 17,487, lower than…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., August 30, 2024. Brendan McDermid | ReutersStocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox.Here’s what CNBC TV’s producers were watching as the three major averages started September on a losing note, and what’s on the radar for the next session.NvidiaOn Tuesday, Nvidia lost more market value than any other stock in a single day: $279 billion. That’s a big number. CNBC’s…
