US Stock Reports, Quotes and News
In the first quarter, China\’s sovereign fund, Central Huijin Investment, made significant purchases of blue-chip stocks to support the country\’s faltering stock market, buying over 300 billion yuan ($41.42 billion) worth of exchange-traded funds (ETFs).
By Nupur Anand, Svea Herbst-Bayliss and Tatiana Bautzer
Super Micro Computer, Inc. (NASDAQ:SMCI) stock has experienced a notable pullback today, declining by more than 13% from Thursday’s close. This downturn comes amidst broader movements in the semiconductor sector, influenced by recent reports and guidance from key industry players.
By Echo Wang and Abigail Summerville
In a Thursday note to clients, analysts at Lynx Equity Strategies said the firm believes semiconductor chip stocks, including NVIDIA (NASDAQ:NVDA), \”have ways to go to the downside.\”
Bernstein analysts said Thursday that Apple (NASDAQ:AAPL) “appears serious” about building its AI expertise, particularly when it comes to on-device AI technologies.
Elon Musk\’s recent announcement regarding Tesla (NASDAQ:TSLA)\’s entry into India signals a significant stride towards bolstering the country\’s electric vehicle (EV) ecosystem. Despite India\’s relatively small EV market, comprising only 2% of total vehicle sales in 2023, the potential for growth remains immense. The premium segment, encompassing vehicles priced over US$35,000, constitutes a mere 2% of the market, yet projections indicate a substantial rise in high-income households and overall passenger vehicle sales over the next decade. Here\’s what Morgan Stanley (NYSE:MS) has to say.
Analysts at Mizuho said in a research note Thursday that they believe there is one semiconductor chip stock that can turn market sentiment higher or lower quickly.
In the dynamic realm of India\’s automotive industry, two formidable titans, Maruti (NS:MRTI) and Hyundai (OTC:HYMTF), reign supreme. A recent report by Bernstein showcased their journey through the ever-evolving landscape of passenger vehicles (PVs) that embodies a saga of innovation, competition, and adaptation.
Investing.com — Discover Financial Services reported mixed first-quarter results Wednesday as earnings missed, but revenue beat analyst forecasts.
Apple (NASDAQ:AAPL) has registered a nearly 10% decline in iPhone shipments in Q1 2024 as the broader smartphone market experienced a resurgence, according to market data from IDC.