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SMIC Faces Key Earnings and Acquisition Vote in Busy Week Ahead
Semiconductor Manufacturing International Corp. will release unaudited financial results on Feb. 10, followed by a shareholder vote on Feb. 12 to acquire the remaining 49% stake in subsidiary SMNC.
Qualcomm Shares Edge Higher Amid Memory Chip Supply Squeeze
Qualcomm stock rose 0.8% to $137.34 as the company navigates a memory-chip shortage impacting smartphone manufacturers. Investors are monitoring smartphone production plans and potential iPhone pricing adjustments.
MediaTek Shares Slide 3.4% Ahead of Holiday; Firm Doubles Data Center Investment
MediaTek shares fell 3.4% to NT$1,710 as markets closed for the weekend. The chip designer reported higher Q4 sales but lower net income, while announcing plans to double its investment in data center chips and advanced packaging.
Arm Stock Surges on AI Data Center Optimism, Faces Smartphone Headwinds
Arm Holdings shares rallied sharply Friday, extending a two-day rebound as chip stocks gained on AI infrastructure spending hopes, though memory constraints threaten smartphone royalty revenue.
Zhongji Innolight Dips Ahead of Earnings Amid AI Infrastructure Focus
Zhongji Innolight shares fell nearly 4% on Friday despite forecasting a potential 128% profit surge for 2025, with traders eyeing supply constraints and upcoming results.
ADI Director's Stock Sale Precedes Key Earnings, Economic Data
Analog Devices director Ray Stata sold 6,250 shares ahead of the company's fiscal Q1 report and upcoming U.S. payrolls and CPI data. ADI shares closed slightly lower Friday.
AMD Surges 8% in Friday Rebound as AI Chip Rally Gains Steam
AMD shares jumped 8.3% to $208.44, leading a semiconductor rally fueled by optimism over sustained AI infrastructure spending. Investors now eye upcoming economic data and Nvidia's earnings.
Intel Shares Surge on AI Demand and China Supply Constraints
Intel stock climbed nearly 5% to $50.59 as AI-driven data center spending boosts chip sector. Supply delays in China and a potential investment in AI startup SambaNova Systems add momentum.
SK hynix Dips as KOSPI Rally Halts; AI Demand Fuels Memory Pricing Pressure
SK hynix shares fell 0.36% to 839,000 won, mirroring a 1.4% drop in the KOSPI which ended a six-week winning streak. Investors are monitoring AI-driven memory demand and potential price increases flagged by Apple.
Micron Shares Rally on UBS Target Boost, Memory Shortage Seen Extending to 2027
Micron Technology stock gained 3.1% to close at $394.69 after UBS raised its price target to $450, citing memory supply constraints that may persist through 2027.