Delaware AG, others file motion to enforce court order to unfreeze federal funding
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Raw Video: Protesters gather to object to Trump administration's policies
Protesters march around at Legislative Hall in Dover to object to President Donald Trump's recent executive orders and policies. 2/5/25
Delaware Attorney General Kathy Jennings joined a coalition of 23 attorneys general on Friday who say President Donald Trump's administration is not complying with a court order to unfreeze federal funds needed for critical programs and services.
In withholding the nearly $3 trillion that had already been approved by Congress, the coalition says many states could face cash shortfalls, making it difficult to administer basic programs such as funding for health care and food for children.
"These funds are not monopoly money and this is not a game," Jennings said in a statement released in the final minutes of the business week. "Each and every one of these dollars represent promises that the United States made to Americans. Real people are suffering and will continue to suffer incredible damages from the disruption of these vital funds."
BACKGROUND: Delaware DOJ moves forward with lawsuit against President Trump's federal grant freeze
The coalition is trying to enforce a temporary restraining order issued on Jan. 31 by a federal judge in Rhode Island that blocked Trump's order pausing federal grants to states and cities. U.S. District Judge John McConnell's ruling was issued despite a Jan. 29 memo about the president's order being rescinded.
While the memo was rescinded, a White House press secretary posted on X that the rescission of the memo was not a rescission of the federal funding freeze.
McConnell, on Thursday, said he stood ready to enforce his order blocking the president's administration from freezing federal grants, loans and other financial assistance. During a virtual court hearing that day, the judge said state agencies had a "rightful concern" that they were still not able to fully access money nearly a week after he issued his temporary restraining order.
MORE: Trump holds back billions in funding despite court ruling, states tell judge
The pausing in funding means public safety, health care, preschool, health research, housing and infrastructure are on the chopping block, Jennings said.
"This is reckless, callous and an incredible insult to the American people, including the millions who voted for President Trump," she said.
The states' filing further highlights the harm Delaware and other states face if funds under the Inflation Reduction Act and Infrastructure, Investment, and Jobs Act (also known as the Bipartisan Infrastructure Law) are not allocated as required by statute, her office said.
By way of example, Jennings said the Delaware Department of Natural Resources and Environmental Control received an email Tuesday from the U.S. Department of Energy, one of its federal grantors, requesting receipt of its earlier directive to cease federal funding, creating confusion and uncertainty regarding Delaware's ability to draw on obligated federal funds.
Other agencies have encountered even more serious disruptions, she said.
As of Wednesday, the Delaware Department of Health and Social Services still could not access grant funds to protect children under the age of 6 from lead paint poisoning.
Amid evidence that the Trump administration has continued to block or delay these specific funding categories, the attorneys general filed a motion to ensure these critical funds are swiftly disbursed so that states can put them to use to protect the health, safety, and well-being of their residents, Jennings' said.
Other attorneys general making up the coalition are from Arizona, California, Colorado, Connecticut, Hawaii, Illinois, Maine, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New Mexico, New York, North Carolina, Oregon, Rhode Island, Vermont, Washington and Wisconsin.
Send tips or story ideas to Esteban Parra at (302) 324-2299 or eparra@delawareonline.com.
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With Alphabet, investors are looking for signs that AI investments are starting to pay off as the company pours billions into the technology. A federal judge's decision that could force the company to sell Google Chrome will also be in focus. Read more: Full earnings coverage in our live blog Meanwhile, investors will scour Wednesday's flurry of quarterly earnings for more insight into how Corporate America is coping with tariffs, after Texas Instruments' (TXN) soft guidance fed fears. Highlights on the docket include Chipotle (CMG), AT&T (T), IBM (IBM), and Alaska Air (ALK). US stocks climb at the open US stocks rose at the market open on Wednesday. The Dow Jones Industrial Average (^DJI) rose roughly 0.6%, while the S&P 500 (^GSPC) moved up 0.3%. The tech-heavy Nasdaq Composite (^IXIC) nudged up around 0.2%. The gains followed a mixed day for stocks Tuesday. Gold wavers as Trump's deal with Japan eases trade concerns The price of gold (GC=F) retreated on Wednesday after a three-day rally as President Trump's trade deal with Japan relieved some demand for the safe-haven asset. Gold prices pared some losses, however, once it became clear that the European Union is preparing over $100 billion in tariff countermeasures. Gold futures fell 0.18% to $3,437 ahead of the opening bell. Silver futures (SI=F), meanwhile, rose 0.6% to $39.80 an ounce, the highest since 2011. Bloomberg reports: Read more here. Trump readies new hands-off AI 'action plan' President Trump is expected to release an AI "action plan" on Wednesday, said to outline how the US can win in the global AI race by taking a hands-off regulatory approach. The plan is likely to cover how to make it easier to export AI technology and to lower barriers to domestic development, going by a draft reported by Reuters. A clutch of supporting executive orders expected this week could include one that could draw legal challenges, notes Yahoo Finance's Alexis Keenan: Read more here. AT&T subscribers surge, but the stock is sliding premarket AT&T (T) stock fell over 3% in premarket trading despite the telecom provider reporting a huge subscriber beat. Reuters reports: Read more here. How the dropping dollar could scramble Trump's agenda President Trump has said he is "never going to let the dollar slide." But his agenda is making that complicated, Yahoo Finance's Ben Werschkul reports: Read more here. Good morning. Here's what's happening today. Economic data: MBA mortgage applications (July 18); Existing home sales (June) Earnings: Alphabet (GOOGL, GOOG), Tesla (TSLA), Chipotle (CMG), Alaska Airlines (ALK), AT&T (T), Fiserv (FI), Freeport-McMoran (FCX), GE Vernova (GEV), General Dynamics (GD), Hasbro (HAS), IBM (IBM), O'Reilly Automotive (ORLY), QuantumScape (QS) Here are some of the biggest stories you may have missed overnight and early this morning: AT&T stock slides despite subscriber surge; Tesla, Google on deck Trump gets Japan deal, but EU digs in with $100B response How the dollar's drop could scramble Trump's agenda Trump to launch hands-off 'action plan' to win AI race Google earnings on deck: AI results wanted, not just hype The protein boom is only beginning Krispy Kreme, GoPro jump as meme stock rally continues AT&T beats profit estimates as bundled plans boost subscribers Hilton lifts 2025 profit forecast on US demand recovery The protein boom is only beginning Yahoo Finance's Hamza Shaban reports in today's Morning Brief: Read more here. Enphase stock slides on warning of hit from Trump policies Shares in Enphase Energy (ENPH) fell after its third quarter revenue forecast fell short, as the US solar company pointed to headwinds from President Trump's policies. The solar equipment maker said Trump's import tariffs had hit its gross margin, after the US in April finalized steep duties on solar cells from Southeast Asia. At the same time, Enphase faces the fallout from Trump's cuts to tax incentives in the renewable energy sector. It said it expects the US residential solar market to shrink 20% next year as tax credits for homeowners end under Trump's sweeping budget legislation. Bloomberg reports: Read more here. Trending tickers: Krispy Kreme, GoPro and Constellation Energy Corporation Here are some top stocks trending on Yahoo Finance in premarket trading: Krispy Kreme (DNUT)`stock rose 22% before the bell boosted by their names trending on social media a day after retail traders snapped up Kohl's (KSS) shares. Camera maker GoPro (GPRO) shares rose 43%, per Reuters short interest in the stock recently stood at 7.7%. Investor interest in heavily shorted stocks has grown after Kohl's jumped 38% on Tuesday amid heavy retail buying. Constellation Energy Corporation (CEG) stock rose 4% premarket after PJM Interconnection released results from its 2026-2027 capacity auction. The grid operator set record prices at $329.17 per megawatt-day, raising total capacity costs to $16.1 billion from $14.7 billion last year. Tesla Q2 earnings preview: 3 things to watch Tesla (TSLA) is slated to report second quarter earnings on Wednesday against an uncertain backdrop for its core auto business and robotaxi rollout. Tesla stock pared some of its losses earlier in the year, as tariffs and a volatile relationship between CEO Elon Musk and President Trump weighed on the company. But the stock is still down about 17% year to date. Yahoo Finance's Pras Subramanian previews three key areas to watch when the EV maker reports: Read more here. Meme stocks are on the move again The return of meme stock mania doesn't appear like it will end on Wednesday. Some of the highest-trending ticker pages on Yahoo Finance this morning are meme crowd favorites Kohl's (KSS), Rocket (RKT), and Krispy Kreme (DNUT). As of 6 a.m. ET, Rocket and Krispy Kreme are each up double-digit percentages in premarket. "The phenomenon of meme stocks isn't going away. I feel like the genie's out of the bottle. And it's just become a way for a certain subset of everyday investors to trade, and that's completely fine," Ritholtz Wealth Management strategist Callie Cox said on Yahoo Finance's Opening Bid (watch below). Makes sense! Texas Instruments stock plunges as guidance disappoints Given how hard the stock market has rallied, any company reporting guidance that is perceived as subpar will get punished. A good example of that will play out with Texas Instruments (TXN) in today's session. The stock is getting pounded premarket, down 12% after third quarter guidance on earnings per share that was 14 cents below consensus on the low end. TXN blamed weak demand in the auto market (heard the same in GM's (GM) outlook on Tuesday). Executives at the key chipmaker for producers of cars and factory equipment said they didn't know how much of the second quarter's jump in revenue was down to customers trying to get ahead of tariffs, per Reuters. Whatever the case, TXN's outlook is putting pressure on similar names in the space: Microchip (MCHP), Analog Devices (ADI), NXP Semiconductors (NXPI), and On Semi (ON). Japanese auto stocks surge as US announces lower-than-expected tariffs Shares of Japanese automakers pumped after U.S. President Donald Trump announced a trade deal with Japan, lowering the previously discussed 25% auto tariffs on Japanese vehicles to 15%. Honda (HMC) surged 9.8%, Toyota (TM) jumped 13.9%, Nissan (7222.T) gained over 5%, and Mazda (7261.T) soared 17.7%. Mitsubishi Motors (7211.T) rose over 12%. According to Japan's NHK, the revised tariff structure includes a 12.5% cut plus a 2.5% 'Most Favored Nation' base rate. The move comes as Japanese auto exports to the US have suffered, plunging 26.7% in June. Trump hailed the deal as the 'largest Deal ever,' claiming Japan would invest $550 billion in the US and allow greater access to its markets, including for American autos, trucks, and agricultural goods. Trending tickers in after-hours trading Texas Instruments, Inc. (TXN) Texas Instruments, a leading chipmaker with the broadest product list in the field, saw its share value drop over 11.6% in after-hours trading. The stock has seen 46% gains in the year to date following a boom in purchases with each wave of tariff announcements. The rapid cooling-off occurred when the executive team announced they were unaware how much of the increase in revenue had been dependent on consumers attempting to circumvent the hike in prices from Trump's tariffs. Enphase Energy, Inc. (ENPH) Solar equipment provider Enphase Energy saw a drop of over 7.2% in the company's stock value in extended trading. With 5% of the market share in the solar equipment field Enphase acts as an early indicator for the impact that Trump's removal of tax credits will have upon the industry. Enphase are pointing towards a 20% drop in the residential market. Read more here. Analog Devices, Inc. (ADI) Shares in semiconductor maker Analog Devices saw a drop of over 4.1% after-hours, erasing gains from the month so far. The company specializes in chips that convert real world input into electrical signals, processing sound, light, temperature, pressure and motion. Investors have been eyeing ADI's earnings reports, still not due for another month. US stocks climb at the open US stocks rose at the market open on Wednesday. The Dow Jones Industrial Average (^DJI) rose roughly 0.6%, while the S&P 500 (^GSPC) moved up 0.3%. The tech-heavy Nasdaq Composite (^IXIC) nudged up around 0.2%. The gains followed a mixed day for stocks Tuesday. US stocks rose at the market open on Wednesday. The Dow Jones Industrial Average (^DJI) rose roughly 0.6%, while the S&P 500 (^GSPC) moved up 0.3%. The tech-heavy Nasdaq Composite (^IXIC) nudged up around 0.2%. The gains followed a mixed day for stocks Tuesday. Gold wavers as Trump's deal with Japan eases trade concerns The price of gold (GC=F) retreated on Wednesday after a three-day rally as President Trump's trade deal with Japan relieved some demand for the safe-haven asset. Gold prices pared some losses, however, once it became clear that the European Union is preparing over $100 billion in tariff countermeasures. Gold futures fell 0.18% to $3,437 ahead of the opening bell. Silver futures (SI=F), meanwhile, rose 0.6% to $39.80 an ounce, the highest since 2011. Bloomberg reports: Read more here. The price of gold (GC=F) retreated on Wednesday after a three-day rally as President Trump's trade deal with Japan relieved some demand for the safe-haven asset. Gold prices pared some losses, however, once it became clear that the European Union is preparing over $100 billion in tariff countermeasures. Gold futures fell 0.18% to $3,437 ahead of the opening bell. Silver futures (SI=F), meanwhile, rose 0.6% to $39.80 an ounce, the highest since 2011. Bloomberg reports: Read more here. Trump readies new hands-off AI 'action plan' President Trump is expected to release an AI "action plan" on Wednesday, said to outline how the US can win in the global AI race by taking a hands-off regulatory approach. The plan is likely to cover how to make it easier to export AI technology and to lower barriers to domestic development, going by a draft reported by Reuters. A clutch of supporting executive orders expected this week could include one that could draw legal challenges, notes Yahoo Finance's Alexis Keenan: Read more here. President Trump is expected to release an AI "action plan" on Wednesday, said to outline how the US can win in the global AI race by taking a hands-off regulatory approach. The plan is likely to cover how to make it easier to export AI technology and to lower barriers to domestic development, going by a draft reported by Reuters. A clutch of supporting executive orders expected this week could include one that could draw legal challenges, notes Yahoo Finance's Alexis Keenan: Read more here. AT&T subscribers surge, but the stock is sliding premarket AT&T (T) stock fell over 3% in premarket trading despite the telecom provider reporting a huge subscriber beat. Reuters reports: Read more here. AT&T (T) stock fell over 3% in premarket trading despite the telecom provider reporting a huge subscriber beat. Reuters reports: Read more here. How the dropping dollar could scramble Trump's agenda President Trump has said he is "never going to let the dollar slide." But his agenda is making that complicated, Yahoo Finance's Ben Werschkul reports: Read more here. President Trump has said he is "never going to let the dollar slide." But his agenda is making that complicated, Yahoo Finance's Ben Werschkul reports: Read more here. Good morning. Here's what's happening today. Economic data: MBA mortgage applications (July 18); Existing home sales (June) Earnings: Alphabet (GOOGL, GOOG), Tesla (TSLA), Chipotle (CMG), Alaska Airlines (ALK), AT&T (T), Fiserv (FI), Freeport-McMoran (FCX), GE Vernova (GEV), General Dynamics (GD), Hasbro (HAS), IBM (IBM), O'Reilly Automotive (ORLY), QuantumScape (QS) Here are some of the biggest stories you may have missed overnight and early this morning: AT&T stock slides despite subscriber surge; Tesla, Google on deck Trump gets Japan deal, but EU digs in with $100B response How the dollar's drop could scramble Trump's agenda Trump to launch hands-off 'action plan' to win AI race Google earnings on deck: AI results wanted, not just hype The protein boom is only beginning Krispy Kreme, GoPro jump as meme stock rally continues AT&T beats profit estimates as bundled plans boost subscribers Hilton lifts 2025 profit forecast on US demand recovery Economic data: MBA mortgage applications (July 18); Existing home sales (June) Earnings: Alphabet (GOOGL, GOOG), Tesla (TSLA), Chipotle (CMG), Alaska Airlines (ALK), AT&T (T), Fiserv (FI), Freeport-McMoran (FCX), GE Vernova (GEV), General Dynamics (GD), Hasbro (HAS), IBM (IBM), O'Reilly Automotive (ORLY), QuantumScape (QS) Here are some of the biggest stories you may have missed overnight and early this morning: AT&T stock slides despite subscriber surge; Tesla, Google on deck Trump gets Japan deal, but EU digs in with $100B response How the dollar's drop could scramble Trump's agenda Trump to launch hands-off 'action plan' to win AI race Google earnings on deck: AI results wanted, not just hype The protein boom is only beginning Krispy Kreme, GoPro jump as meme stock rally continues AT&T beats profit estimates as bundled plans boost subscribers Hilton lifts 2025 profit forecast on US demand recovery The protein boom is only beginning Yahoo Finance's Hamza Shaban reports in today's Morning Brief: Read more here. Yahoo Finance's Hamza Shaban reports in today's Morning Brief: Read more here. Enphase stock slides on warning of hit from Trump policies Shares in Enphase Energy (ENPH) fell after its third quarter revenue forecast fell short, as the US solar company pointed to headwinds from President Trump's policies. The solar equipment maker said Trump's import tariffs had hit its gross margin, after the US in April finalized steep duties on solar cells from Southeast Asia. At the same time, Enphase faces the fallout from Trump's cuts to tax incentives in the renewable energy sector. It said it expects the US residential solar market to shrink 20% next year as tax credits for homeowners end under Trump's sweeping budget legislation. Bloomberg reports: Read more here. Shares in Enphase Energy (ENPH) fell after its third quarter revenue forecast fell short, as the US solar company pointed to headwinds from President Trump's policies. The solar equipment maker said Trump's import tariffs had hit its gross margin, after the US in April finalized steep duties on solar cells from Southeast Asia. At the same time, Enphase faces the fallout from Trump's cuts to tax incentives in the renewable energy sector. It said it expects the US residential solar market to shrink 20% next year as tax credits for homeowners end under Trump's sweeping budget legislation. Bloomberg reports: Read more here. Trending tickers: Krispy Kreme, GoPro and Constellation Energy Corporation Here are some top stocks trending on Yahoo Finance in premarket trading: Krispy Kreme (DNUT)`stock rose 22% before the bell boosted by their names trending on social media a day after retail traders snapped up Kohl's (KSS) shares. Camera maker GoPro (GPRO) shares rose 43%, per Reuters short interest in the stock recently stood at 7.7%. Investor interest in heavily shorted stocks has grown after Kohl's jumped 38% on Tuesday amid heavy retail buying. Constellation Energy Corporation (CEG) stock rose 4% premarket after PJM Interconnection released results from its 2026-2027 capacity auction. The grid operator set record prices at $329.17 per megawatt-day, raising total capacity costs to $16.1 billion from $14.7 billion last year. Here are some top stocks trending on Yahoo Finance in premarket trading: Krispy Kreme (DNUT)`stock rose 22% before the bell boosted by their names trending on social media a day after retail traders snapped up Kohl's (KSS) shares. Camera maker GoPro (GPRO) shares rose 43%, per Reuters short interest in the stock recently stood at 7.7%. Investor interest in heavily shorted stocks has grown after Kohl's jumped 38% on Tuesday amid heavy retail buying. Constellation Energy Corporation (CEG) stock rose 4% premarket after PJM Interconnection released results from its 2026-2027 capacity auction. The grid operator set record prices at $329.17 per megawatt-day, raising total capacity costs to $16.1 billion from $14.7 billion last year. Tesla Q2 earnings preview: 3 things to watch Tesla (TSLA) is slated to report second quarter earnings on Wednesday against an uncertain backdrop for its core auto business and robotaxi rollout. Tesla stock pared some of its losses earlier in the year, as tariffs and a volatile relationship between CEO Elon Musk and President Trump weighed on the company. But the stock is still down about 17% year to date. Yahoo Finance's Pras Subramanian previews three key areas to watch when the EV maker reports: Read more here. Tesla (TSLA) is slated to report second quarter earnings on Wednesday against an uncertain backdrop for its core auto business and robotaxi rollout. Tesla stock pared some of its losses earlier in the year, as tariffs and a volatile relationship between CEO Elon Musk and President Trump weighed on the company. But the stock is still down about 17% year to date. Yahoo Finance's Pras Subramanian previews three key areas to watch when the EV maker reports: Read more here. Meme stocks are on the move again The return of meme stock mania doesn't appear like it will end on Wednesday. Some of the highest-trending ticker pages on Yahoo Finance this morning are meme crowd favorites Kohl's (KSS), Rocket (RKT), and Krispy Kreme (DNUT). As of 6 a.m. ET, Rocket and Krispy Kreme are each up double-digit percentages in premarket. "The phenomenon of meme stocks isn't going away. I feel like the genie's out of the bottle. And it's just become a way for a certain subset of everyday investors to trade, and that's completely fine," Ritholtz Wealth Management strategist Callie Cox said on Yahoo Finance's Opening Bid (watch below). Makes sense! The return of meme stock mania doesn't appear like it will end on Wednesday. Some of the highest-trending ticker pages on Yahoo Finance this morning are meme crowd favorites Kohl's (KSS), Rocket (RKT), and Krispy Kreme (DNUT). As of 6 a.m. ET, Rocket and Krispy Kreme are each up double-digit percentages in premarket. "The phenomenon of meme stocks isn't going away. I feel like the genie's out of the bottle. And it's just become a way for a certain subset of everyday investors to trade, and that's completely fine," Ritholtz Wealth Management strategist Callie Cox said on Yahoo Finance's Opening Bid (watch below). Makes sense! Texas Instruments stock plunges as guidance disappoints Given how hard the stock market has rallied, any company reporting guidance that is perceived as subpar will get punished. A good example of that will play out with Texas Instruments (TXN) in today's session. The stock is getting pounded premarket, down 12% after third quarter guidance on earnings per share that was 14 cents below consensus on the low end. TXN blamed weak demand in the auto market (heard the same in GM's (GM) outlook on Tuesday). Executives at the key chipmaker for producers of cars and factory equipment said they didn't know how much of the second quarter's jump in revenue was down to customers trying to get ahead of tariffs, per Reuters. Whatever the case, TXN's outlook is putting pressure on similar names in the space: Microchip (MCHP), Analog Devices (ADI), NXP Semiconductors (NXPI), and On Semi (ON). Given how hard the stock market has rallied, any company reporting guidance that is perceived as subpar will get punished. A good example of that will play out with Texas Instruments (TXN) in today's session. The stock is getting pounded premarket, down 12% after third quarter guidance on earnings per share that was 14 cents below consensus on the low end. TXN blamed weak demand in the auto market (heard the same in GM's (GM) outlook on Tuesday). Executives at the key chipmaker for producers of cars and factory equipment said they didn't know how much of the second quarter's jump in revenue was down to customers trying to get ahead of tariffs, per Reuters. Whatever the case, TXN's outlook is putting pressure on similar names in the space: Microchip (MCHP), Analog Devices (ADI), NXP Semiconductors (NXPI), and On Semi (ON). Japanese auto stocks surge as US announces lower-than-expected tariffs Shares of Japanese automakers pumped after U.S. President Donald Trump announced a trade deal with Japan, lowering the previously discussed 25% auto tariffs on Japanese vehicles to 15%. Honda (HMC) surged 9.8%, Toyota (TM) jumped 13.9%, Nissan (7222.T) gained over 5%, and Mazda (7261.T) soared 17.7%. Mitsubishi Motors (7211.T) rose over 12%. According to Japan's NHK, the revised tariff structure includes a 12.5% cut plus a 2.5% 'Most Favored Nation' base rate. The move comes as Japanese auto exports to the US have suffered, plunging 26.7% in June. Trump hailed the deal as the 'largest Deal ever,' claiming Japan would invest $550 billion in the US and allow greater access to its markets, including for American autos, trucks, and agricultural goods. Shares of Japanese automakers pumped after U.S. President Donald Trump announced a trade deal with Japan, lowering the previously discussed 25% auto tariffs on Japanese vehicles to 15%. Honda (HMC) surged 9.8%, Toyota (TM) jumped 13.9%, Nissan (7222.T) gained over 5%, and Mazda (7261.T) soared 17.7%. Mitsubishi Motors (7211.T) rose over 12%. According to Japan's NHK, the revised tariff structure includes a 12.5% cut plus a 2.5% 'Most Favored Nation' base rate. The move comes as Japanese auto exports to the US have suffered, plunging 26.7% in June. Trump hailed the deal as the 'largest Deal ever,' claiming Japan would invest $550 billion in the US and allow greater access to its markets, including for American autos, trucks, and agricultural goods. Trending tickers in after-hours trading Texas Instruments, Inc. (TXN) Texas Instruments, a leading chipmaker with the broadest product list in the field, saw its share value drop over 11.6% in after-hours trading. The stock has seen 46% gains in the year to date following a boom in purchases with each wave of tariff announcements. The rapid cooling-off occurred when the executive team announced they were unaware how much of the increase in revenue had been dependent on consumers attempting to circumvent the hike in prices from Trump's tariffs. Enphase Energy, Inc. (ENPH) Solar equipment provider Enphase Energy saw a drop of over 7.2% in the company's stock value in extended trading. With 5% of the market share in the solar equipment field Enphase acts as an early indicator for the impact that Trump's removal of tax credits will have upon the industry. Enphase are pointing towards a 20% drop in the residential market. Read more here. Analog Devices, Inc. (ADI) Shares in semiconductor maker Analog Devices saw a drop of over 4.1% after-hours, erasing gains from the month so far. The company specializes in chips that convert real world input into electrical signals, processing sound, light, temperature, pressure and motion. Investors have been eyeing ADI's earnings reports, still not due for another month. Texas Instruments, Inc. (TXN) Texas Instruments, a leading chipmaker with the broadest product list in the field, saw its share value drop over 11.6% in after-hours trading. The stock has seen 46% gains in the year to date following a boom in purchases with each wave of tariff announcements. The rapid cooling-off occurred when the executive team announced they were unaware how much of the increase in revenue had been dependent on consumers attempting to circumvent the hike in prices from Trump's tariffs. Enphase Energy, Inc. (ENPH) Solar equipment provider Enphase Energy saw a drop of over 7.2% in the company's stock value in extended trading. With 5% of the market share in the solar equipment field Enphase acts as an early indicator for the impact that Trump's removal of tax credits will have upon the industry. Enphase are pointing towards a 20% drop in the residential market. Read more here. Analog Devices, Inc. (ADI) Shares in semiconductor maker Analog Devices saw a drop of over 4.1% after-hours, erasing gains from the month so far. The company specializes in chips that convert real world input into electrical signals, processing sound, light, temperature, pressure and motion. Investors have been eyeing ADI's earnings reports, still not due for another month. 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