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ICON News30 articles
Semiconductor ETFs Surge 2% as Chip Stocks Outperform Nasdaq
The XSD semiconductor ETF rose over 2% while the Nasdaq slipped 0.1%, highlighting robust chip sector breadth ahead of the CPI report.
GCT Semiconductor's 5G Chip Shipments Surge 71%, Yet Revenue Dips Sequentially
GCT Semiconductor shipped over 5,100 5G chipsets in Q2, up 71% sequentially, but revenue fell 49% to $971K, sending shares down 13.1% after hours.
ON Semiconductor Q2 Beats Estimates, Cash Flow Surge Raises Questions
ON Semiconductor shares gained after Q2 results beat expectations, with revenue and EPS surpassing consensus. However, the company's cash flow growth was aided by working capital changes, raising sustainability concerns.
Samsung's Semiconductor Unit Drives 99.7% of Q2 Profit, Stock Jumps 27%
Samsung's Q2 profit soared, with chips making up 99.7% of operating earnings. The stock jumped 27% on Friday, but analysts warn of concentration risks.
Semiconductor ETFs Surge: SOXX Outpaces SMH as Nvidia Weighting Gap Widens
SMH gained 6.5% but underperformed SOXX's 8.4% rise on Thursday, as Nvidia's 21.7% SMH weighting limited gains. Broader participation lifted SOXX.
Semiconductor surge lifts US stocks, but market breadth remains mixed
US stocks rose Tuesday as the chip index jumped 4.9%, but market breadth remained uneven. The Nasdaq gained 1.29% and the S&P 500 added 0.81%.
Chip Selloff Wipes Out a Third of 2026 Semiconductor Index Gains
The Nasdaq declined 1.19% as a chip selloff erased 35% of the semiconductor index's 2026 gains. TSMC, Netflix, and Intuitive Surgical fell.
Arm Holdings Plunges 7.5% as Rich Valuation Exacerbates Semiconductor Rout
Arm Holdings dropped 7.5%, losing $21.9 billion in market cap, as its elevated valuation of 301x earnings magnified a broader semiconductor decline.
Semiconductor ETF Plunges Below Key Support Despite TSMC's Record Earnings
The VanEck Semiconductor ETF fell 4.2% to $565.69, breaching key support, as a broad selloff in chip stocks outweighed Taiwan Semiconductor's record earnings.
Tower Semiconductor Surges 11% on Japan Expansion and Upgraded 2028 Profit Outlook
Tower Semiconductor closed up 11.24% after unveiling a $1 billion Japan expansion and a 60% boost in its 2028 net profit target to $1.2 billion.
Falcon 9 Booster Transports Semiconductor Pods on Starlink Mission
SpaceX's latest Starlink launch doubled as a test for semiconductor production in space, carrying two Besxar Fabships on the Falcon 9 booster.
Himax Slips in Holiday-Shortened Week as Semiconductor Index Tumbles
Himax Technologies fell 7.65% in a holiday-shortened week, tracking the semiconductor sector's decline. A planned investee sale could bring a pre-tax gain of $23 million to $24 million, potentially exceeding Q2 profit per ADS.
Sivers Semiconductors Bounces Back Above Issue Price After Capital Infusion
Sivers Semiconductors stock recovered to SEK 57.40 after its SEK 700 million placement, though trading volume reached 3.1 times the new shares sold.
Sam's Club Rotisserie Chicken Tops Consumer Reports, Challenging Costco's Iconic $5 Deal
Sam's Club has been named the top pick for rotisserie chicken by Consumer Reports, edging out Costco on price and taste, as Walmart's club segment posts strong Q1 results.
Silicon Motion Shares Slip as Upside Tightens After Record Run
Silicon Motion shares slipped 6.14% to $305.28 on Friday, ending the week down 9.4% from Monday's close, as the stock now trades just 1.8% below the average analyst target, suggesting limited upside.
Semiconductor Slump Hits Wall Street as Tech Giants Hold Steady
Wall Street saw a split Friday as chip stocks tumbled but megacap platforms held firm, with the SOXX dropping 4.67% and Micron falling 4.17% after a previous surge.
ON Semiconductor Plunges 14% on Synaptics Stock Deal; Target Shares Rally
ON Semiconductor shares dropped 14.2% premarket after announcing an all-stock deal to buy Synaptics, erasing about $6.6 billion in market cap. Synaptics shares gained 4.5%.
Navitas Semiconductor Plunges 14.5% Amid Chip Sector Rout and Dilution Fears
Navitas Semiconductor dropped 14.5% to $18.30 after a sector-wide chip selloff and investor concerns over high AI-driven valuations, with Zacks noting its 97x forward sales multiple and recent $500 million at-the-market stock sale filing.
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.