Qorvo logo of a US semiconductor company is seen displayed on a smartphone and pc screen.Sopa Images | Lightrocket | Getty ImagesShares of semiconductor supplier Qorvo, which counts on Apple for an outsized amount of revenue, plunged in extended trading after the company warned of potentially flat sales to its “largest customer.”Qorvo’s stock initially popped after the company reported better-than-expected fiscal third quarter earnings. Here’s how the company did compared with analysts’ expectations based on a survey by LSEG:Earnings per share: $1.61, adjusted, vs. $1.20 expectedRevenue: $916 million vs. $902 million expectedQorvo, which makes radio frequency chips used by smartphone…
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Anne Wojcicki, co-founder and chief executive officer of 23andme Inc., during the South by Southwest (SXSW) festival in Austin, Texas, US, on Friday, March 10, 2023. Jordan Vonderhaar | Bloomberg | Getty ImagesEmbattled genetic testing company 23andMe said on Tuesday that it’s started exploring strategic alternatives for a second time, which could include a sale of the company or its assets, a restructuring or a business combination.The stock, which lost 82% of its value last year, fell 10% in extended trading and was briefly halted.The announcement coincided with the release of 23andMe’s third-quarter results. Revenue in the company’s consumer services business…
We’re still three months away from the 2025 NFL Draft, but with the early round order set for all but the Super Bowl participants and practices underway for all-star events such as the Shrine Bowl and Senior Bowl, it’s evaluation season.Plenty of questions remain. Will a third quarterback join likely top-10 picks Shedeur Sanders and Cam Ward in Round 1? Would Tennessee trade out of the top spot if a QB-desperate team makes an aggressive offer? Or, if the Titans stay put, would they take a quarterback or lean toward Abdul Carter or Travis Hunter?The Athletic’s Nick Baumgardner (making the…
Fund manager Dan Niles has thrown cold water over Nvidia’s tentative recovery from Monday’s share price fall, warning that the chipmaker’s stock might not have hit the bottom.Shares in Nvidia slid 16.9% on Monday after Chinese startup DeepSeek claimed its free, open-source large language model was built in just two months costing $6 million, a fraction of the cost borne by other major players.These developments have sparked concerns over how much money big tech companies will invest in AI, hitting the shares of Nvidia, a key AI chipmaker.”Nobody questions whether Nvidia is the undisputed king and chips. What they’re questioning is how much capex…
Check out the companies making headlines in extended trading: Starbucks — The coffee chain gained more than 2% after better-than-expected quarterly results. Starbucks notched fiscal first-quarter earnings of 69 cents per share on revenue of $9.40 billion, while analysts polled by LSEG were looking for 67 cents in earnings per share and $9.31 billion in revenue. Same-store sales declined for the fourth consecutive quarter, however. F5 — The application security company surged 12% after the firm issued a better-than-expected revenue outlook for the second quarter. F5 forecasts revenue in the current quarter to be in the range between $705 million…
The power stocks most exposed to artificial intelligence sold off steeply Monday, as some investors fear that models developed in China could prove more energy efficient, potentially undermining the thesis that electricity demand in the U.S. will surge as the tech sector builds out data centers. But the sell-off does not take into account the broader context of power demand growth in the U.S., said Shahriar Pourreza, senior managing director of power and utilities at Guggenheim Securities. “What we’re telling people is it’s a little too early. It’s a bit of a knee-jerk reaction,” Pourreza told CNBC on Monday. Investors…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Traders work on the floor of the New York Stock Exchange during morning trading on Aug. 20, 2024.Michael M. Santiago | Getty ImagesStock futures were slightly lower on Tuesday evening as investors turned toward the first Federal Reserve interest rate decision of 2025.Futures tied to the Dow Jones Industrial Average inched down 28 points, or 0.06%. Nasdaq 100 futures slipped 0.2%, while S&P 500 futures declined nearly 0.2%.During regular trading Tuesday, tech stocks led the S&P 500 higher and brought the Nasdaq Composite to a 2% gain. The two indexes made a comeback after incurring sharp losses on Monday in…
A woman walks down the stairs in front of the U.S. Capitol building, ahead of the presidential inauguration of Donald Trump, in Washington on Jan. 15, 2025.Marko Djurica | ReutersThe Trump administration is offering millions of federal workers the option to accept buyouts through a government-wide “deferred resignation” program if they resign by Feb. 6.Those who accept the offer will receive pay and benefits through Sept. 30, according to a draft email obtained Tuesday by NBC News.The sweeping buyouts are being offered to “make sure that all federal workers are on board with the new administration’s plan to have federal…
American chef and content creator Chad Kubanoff moved to Vietnam a decade ago, with the intention of leaving within a year. Instead, he fell in love with the food, culture and people — and has made Ho Chi Minh City’s District 7 his home. Kubanoff revealed some of his favorite places to eat in the neighborhood.American chef and content creator Chad Kubanoff moved to Vietnam a decade ago, with the intention of leaving within a year.Instead, Kubanoff fell in love with the food, culture and people — and has made Ho Chi Minh City his home.Vietnam’s largest metropolis is divided into 16…
