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ICLR News30 articles
S&P 500 Edges Higher After Tech Rebound; Semiconductor Rout Eases
S&P 500 futures edge up 0.13% as Micron and SanDisk rebound after a semiconductor-driven selloff. SpaceX bond demand surges, Intel's foundry premium holds, and Wendy's faces dividend pressure.
Lam Research and Kulicke & Soffa Rally on AI-Driven Semiconductor Demand
Lam Research (LRCX) and Kulicke & Soffa (KLIC) shares surge on strong AI chip demand and earnings optimism, while Block (SQ) shows undervaluation potential amid high P/E ratios.
Qnity Electronics Surges 7% in Broad Semiconductor Rally
Qnity Electronics climbed 7.2% in heavy trading as semiconductor suppliers rallied broadly ahead of the Juneteenth market closure.
VanEck Semiconductor ETF Hits New Peak as AI Chip Stocks Rally
SMH surged to a new high of $646.27 as AI chip stocks rallied, with Lam Research, Marvell, and ASML leading the gains. The ETF is up 72% year-to-date.
Navitas Semiconductor Plunges 9% on $500M Stock Sale, Director Exit
Navitas Semiconductor shares fell 9% after unveiling a $500M stock sale program, overshadowing its AI power-chip story. Director Ranbir Singh also resigned, intensifying supply and governance worries.
Tech Stocks Rebound as AI and Semiconductor Names Lead Monday's Rally
U.S. stocks rebounded Monday as AI and semiconductor stocks led gains, with the Nasdaq Composite rising 1.27%. Citigroup raised its S&P 500 target to 8,100, but Goldman Sachs warned of a potential Fed rate hike.
POET Technologies Shares Plunge 23% Amid Semiconductor Rout and Execution Concerns
POET Technologies shares tumbled 23% to $11.86 on Friday as the semiconductor sector sold off sharply. Investors are assessing execution risks following a $400 million capital raise, a $50 million Lumilens order, and Marvell's canceled purchase orders.
Valens Semiconductor Plunges 38% as Strong Jobs Data Triggers Broad Chip Selloff
Valens Semiconductor shares crashed 38% after May payrolls surged, triggering a broad chip selloff. Despite beating Q1 revenue guidance, the stock fell with the sector.
Sivers Semiconductors Faces Market Test After Weak Q1 and Index Inclusion
Sivers Semiconductors shares closed at 68.95 crowns Friday, down 1.8% for the day and 5.4% for the week, but up over 1,500% year-to-date. The company reported a 22% drop in Q1 sales and a wider adjusted EBITDA loss. Sivers joins the OMX Stockholm Benchmark Index on Monday.
Sivers Semiconductors Surges Over 1,700% Before Short Sellers Pounce on Sales Miss
Sivers Semiconductors reported a 22% drop in Q1 net sales, missing estimates, as short interest surged to 17% of free float. Shares still up over 1,700% year-to-date.
Intel Surges 3% on AI Hopes and U.S. Semiconductor Push
Intel shares jumped 3.1% to $123.52 on Tuesday, driven by AI chip demand and U.S. semiconductor production bets.
Sivers Semiconductors Gains on MSCI Inclusion, Defense Contract
Sivers Semiconductors shares traded near 84-85 SEK on Monday, ahead of MSCI small-cap inclusion on May 29 and Q1 results, supported by a $6.6M defense contract extension.
Navitas Semiconductor Surges 37% in a Week Amid AI Data Center Bet
Navitas Semiconductor shares surged 37% over the past week, closing at $29.25 on Friday after a 19.98% gain, driven by AI data center exposure and a capital structure deal.
Sivers Semiconductors Surges 31% Ahead of MSCI Switch and Q1 Results
Sivers Semiconductors shares jumped 31% in a week, fueled by MSCI index inclusion, a $6.6 million defense contract extension, and board nominations, with Q1 results due May 29.
Credo Soars on AI Infrastructure Deal, Semiconductor Rally
Credo shares surged 13% Friday after its active electrical cables were selected for Rebellions' AI cluster, riding a broader semiconductor rally ahead of June 1 earnings.
GCT Semiconductor Soars 41% on 5G Deal and Revenue Surge
GCT Semiconductor shares surged 41% to $2.58 after a 287% revenue jump and a satellite communications deal, though the company faces cash burn and going-concern doubts.
TSMC Projects $1.5T Semiconductor Market by 2030 as AI Demand Surges
TSMC now expects the global semiconductor market to exceed $1.5 trillion by 2030, fueled by AI. The company also outlined aggressive capacity expansion and advanced packaging milestones.
GCT Semiconductor Surges Premarket on Revenue Surge and 5G Chipset Growth
GCT Semiconductor shares jumped 14.21% in premarket Monday after a 287.1% revenue surge and 58% sequential growth in 5G chipset shipments, though the company faces financing challenges.
Navitas Semiconductor Faces Crucial Week After Volatile AI Rally
Navitas Semiconductor closed at $21.32, down 4.48% on Friday but up 17.14% for the week after raising $122M via an at-the-market stock sale. Investors await the May 19 J.P. Morgan tech conference.
Silicon Motion Holds Ground Amid Nasdaq Dip, Conference Circuit Ahead
Silicon Motion shares rose 2.5% for the week, outperforming the Nasdaq's 1.5% decline. Strong Q1 earnings and raised analyst targets provide support as the company heads to key investor conferences.
GCT Semiconductor Faces Scrutiny Over 5G Ramp-Up and Cash Concerns
TD Securities reveals a 4.6% beneficial ownership in GCT Semiconductor, primarily via deep out-of-the-money warrants. The company's 5G chipset shipments rose 58% but revenue remains modest, and liquidity concerns persist.
Navitas Semiconductor Raises $122M in ATM Offering Amid AI Power Push
Navitas Semiconductor raised $122 million through an ATM offering, leveraging AI power-chip hype. Q1 revenue fell to $8.6 million, while shares dropped 6.4%.
Sivers Semiconductors Restates Losses, Delays Q1 Report Amid Nasdaq Dual-Listing Plans
Sivers Semiconductors restated its 2024 and 2025 accounts with wider losses and delayed its Q1 report to May 29 as it prepares for a potential Nasdaq New York dual listing.
Sivers Semiconductors Soars on MSCI Inclusion and Nasdaq Listing Ambitions
Sivers Semiconductors shares surged 31.3% after MSCI added it to the Sweden small-cap index. The company is also pursuing a dual listing on Nasdaq New York and raising capital.
Semiconductor ETFs Plunge as Inflation Data Shakes AI Chip Rally
Leveraged semiconductor ETF SOXL plunged 12.4% as inflation data hit AI chip rally. SMH, SOXX, and FTXL fell 3.5-4.5%.
Navitas Semiconductor Files $125M Stock Sale After India GaN Launch
Navitas Semiconductor files for a $125M stock sale after its shares jumped 24% on the news of a GaN product launch in India with Cyient.
GCT Semiconductor Shares Jump on Satellite 5G Platform Deal Ahead of Q1 Earnings
GCT Semiconductor shares rose to $1.88 after hours on a satellite reference-platform deal. Q1 earnings due May 12 with expected loss of 13 cents per share on $1.77M revenue.
ON Semiconductor Raises $1.3B via Convertible Notes, Eyes Buyback and Growth
ON Semiconductor priced $1.3 billion in zero-coupon convertible notes due 2031, using $331.9 million for share buybacks, as the chipmaker signals a cyclical recovery and AI-driven demand.
Navitas Semiconductor Surges as AI Data Center Pivot Accelerates
Navitas Semiconductor shares surged 15% to $18.20 after Q1 revenue rose 18% sequentially to $8.6 million, driven by growth in AI data center and grid markets. Needham raised its price target to $21.
Semiconductor ETF SMH Rebounds on AI Demand, but Valuation Concerns Loom
SMH ETF rebounds as AMD's strong forecast boosts AI chip rally, but high valuations and potential demand slowdown remain risks.