Latest news with #chipmaker
CNA
4 days ago
- Business
- CNA
Nvidia insiders sold over $1 billion in stock amid market surge, FT reports
Nvidia insiders sold over $1 billion worth of company stock in the past year, with a notable uptick in recent trading activity as executives capitalize on surging investor interest in artificial intelligence, the Financial Times reported on Sunday. More than $500 million of the share sales took place this month as the California-based chips designer's share price climbed to an all-time high, the report said. Jensen Huang, Nvidia's chief executive, started selling shares this week for the first time since September, the SEC filing showed. Nvidia's stock hit a record on Wednesday, and the chipmaker reclaimed the crown as the world's most valuable company after an analyst said the chipmaker was set to ride a "Golden Wave" of artificial intelligence. Its latest gains reflect the U.S. stock market's return to the "AI trade" that fueled massive gains in chip stocks and related technology companies in recent years on optimism about the emerging technology. Nvidia did not immediately respond to a Reuters request for comment. Nvidia's shares have rebounded over 60 per cent from their closing low on April 4, when Wall Street was reeling from President Donald Trump's global tariff announcements. U.S. stocks, including Nvidia, have recovered on expectations the White House will reach trade deals to soften the tariffs.
Yahoo
4 days ago
- Business
- Yahoo
Nvidia insiders sold over $1 billion in stock amid market surge, FT reports
(Reuters) -Nvidia insiders sold over $1 billion worth of company stock in the past year, with a notable uptick in recent trading activity as executives capitalize on surging investor interest in artificial intelligence, the Financial Times reported on Sunday. More than $500 million of the share sales took place this month as the California-based chips designer's share price climbed to an all-time high, the report said. Jensen Huang, Nvidia's chief executive, started selling shares this week for the first time since September, the SEC filing showed. Nvidia's stock hit a record on Wednesday, and the chipmaker reclaimed the crown as the world's most valuable company after an analyst said the chipmaker was set to ride a "Golden Wave" of artificial intelligence. Its latest gains reflect the U.S. stock market's return to the "AI trade" that fueled massive gains in chip stocks and related technology companies in recent years on optimism about the emerging technology. Nvidia did not immediately respond to a Reuters request for comment. Nvidia's shares have rebounded over 60% from their closing low on April 4, when Wall Street was reeling from President Donald Trump's global tariff announcements. U.S. stocks, including Nvidia, have recovered on expectations the White House will reach trade deals to soften the tariffs. Melden Sie sich an, um Ihr Portfolio aufzurufen.
Yahoo
6 days ago
- Business
- Yahoo
Micron Stock Climb After Crushing Q3 Estimates, Lifts AI-Driven Outlook
June 26 - Micron Technology (NASDAQ:MU) saw its stock rise about 3% in pre-market trading on Thursday after delivering stronger-than-expected results for its fiscal third quarter, boosted by soaring demand for AI-related memory products. Warning! GuruFocus has detected 5 Warning Sign with MU. For the three months ending May 29, the company posted adjusted earnings of $1.91 per share on $9.3 billion in revenue. Both figures came in well above analyst expectations of $1.61 per share and $8.85 billion in revenue, respectively. The chipmaker's high-bandwidth memory (HBM) revenue climbed nearly 50% compared to the previous quarter, setting a new internal record. Data center sales also doubled from the same period last year, helping push DRAM revenue to its highest level ever. Micron reported a gross margin of 37.7% on an adjusted basis. Free cash flow stood at $1.95 billion for the quarter, reflecting strong operational efficiency. Looking forward, the company expects fiscal Q4 earnings to range between $2.35 and $2.65 per share, while revenue is projected between $10.4 billion and $11 billion. Both guidance midpoints came in significantly ahead of Wall Street forecasts. Micron's upbeat performance underscores how rising AI adoption is fueling demand across its memory portfolio. A conference call with investors is scheduled for later Wednesday. Based on the one year price targets offered by 34 analysts, the average target price for Micron Technology Inc is $124.90 with a high estimate of $172.00 and a low estimate of $60.00. The average target implies a downside of -1.84% from the current price of $127.25. Based on GuruFocus estimates, the estimated GF Value for Micron Technology Inc in one year is $150.54, suggesting a upside of +18.30% from the current price of $127.25. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Down More Than 30% This Year, Could This Struggling Artificial Intelligence Stock Be a Bargain Buy Right Now?
Marvell Technology nosedived earlier this year after providing disappointing guidance. Tariffs and economic uncertainty continue to weigh on the California-based chipmaker. Its valuation has come way down, which could make it more appealing now to investors. 10 stocks we like better than Marvell Technology › Many artificial intelligence (AI) stocks are trading at sky-high valuations and can look too expensive to buy today. But there's one AI stock that has recently been struggling, and it could be an attractive buy on weakness. Shares of Marvell Technology (NASDAQ: MRVL) are down a whopping 32% since the start of the year after the company's recent performance and guidance underwhelmed investors and analysts. It's off by more than 40% from its 52-week high of $127.48. The tech company develops application-specific integrated circuits (ASICs) which its customers can use as custom chips in their data centers. They can be cost-effective alternatives to Nvidia's GPUs, which are designed to serve broader, more generic needs and workloads. But despite a huge opportunity in AI, Marvell's stock hasn't been doing well of late. Could it be a bargain buy in a red-hot AI market, or are there problems that should keep you away from buying this stock right now? It hasn't been a bad year for AI stocks as a whole. The Roundhill Generative AI & Technology ETF has risen by 13% so far in 2025. Even the S&P 500 is up close to 2% after plunging well into negative territory following the U.S. announcement of global tariffs in April. The big issue is that when Marvell released its results earlier in the year, investors weren't thrilled with the chipmaker's guidance, and it perhaps wasn't as rosy as it should have been. Some analysts were hoping for $2 billion in revenue for the first quarter (which ended on May 3). Instead, the company's forecast was for around $1.88 billion, so a sell-off ensued. The good news is that Q1 sales came in a little better than expected at nearly $1.9 billion. For the current quarter, management is now expecting net sales of around $2 billion. While the stock is up since the release of its most recent results, it hasn't been able to recover from the sell-off that took place earlier in the year. Shares of Marvell were already beginning to decline before its guidance miss earlier in the year, likely due to its inflated valuation. The stock had been an expensive buy, trading at a forward price-to-earnings (P/E) multiple of more than 40 (based on analyst expectations). At such a high premium, analysts are expecting the company to not only post strong numbers, but also to provide a strong guidance. Currently, however, Marvell stock trades at a forward P/E of 26, which is only slightly higher than the 23 times forward P/E of the average stock on the S&P 500. With Marvell generating revenue growth in excess of 60% in its most recent quarter, the higher premium may very well be justifiable if it can maintain a high level of growth. But the risk is that tariffs and potentially slowing economic conditions could affect its top and bottom lines in the near future. Should that happen, this stock could once again start to look very expensive. Given the ongoing investments into AI and the need for custom AI chips, Marvell is a stock that can bounce back and generate good returns for investors who buy today, as demand is likely to be strong in the years ahead. The big uncertainty revolves around the economy, including what happens with tariffs and whether hyperscalers cut back on AI investments due to worsening macroeconomic conditions. If you're willing to hold on amid all that, then the stock could indeed be a good buy right now and worth hanging on to. I don't think Marvell is cheap enough that I'd call it a bargain buy, but for long-term investors, the price may be right to add it to your portfolio and simply hang on. Before you buy stock in Marvell Technology, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Marvell Technology wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $687,731!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $945,846!* Now, it's worth noting Stock Advisor's total average return is 818% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 David Jagielski has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool recommends Marvell Technology. The Motley Fool has a disclosure policy. Down More Than 30% This Year, Could This Struggling Artificial Intelligence Stock Be a Bargain Buy Right Now? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Verge
6 days ago
- Automotive
- The Verge
Intel is closing its automotive chipmaking business
Intel is shutting down its business dedicated to making processors for cars. In a memo seen by The Oregonian, Intel tells workers that it plans to lay off 'most' employees in the division, citing plans to shift focus to its 'core client and data center portfolio.' 'As part of this work, we have decided to wind down the automotive business within our client computing group,' Intel writes in the memo. 'We are committed to ensuring a smooth transition for our customers.' Intel didn't immediately respond to The Verge's request for comment. Over the years, Intel has invested heavily in its automotive business, which builds chips that power a car's infotainment system, instrument clusters, and other controls. Intel's technology runs in more than 50 million vehicles, and up until now, it seemed set on expanding its reach. Last year, it announced new AI-enhanced chips for cars that will help improve a vehicle's navigation system and voice assistant. It revealed plans to bring its Arc GPU to cars as well. Intel also acquired the self-driving car technology company Mobileye for $15 billion in 2017. Mobileye later went public as a standalone company, but Intel still owns a majority stake. Intel's newly appointed CEO, Lip-Bu Tan, said in April that the company would need to 'reduce the size' of its workforce in the second quarter of 2025 as part of plans to get the chipmaker back on track. The company also informed employees of layoffs coming to its foundry business as well, according to The Oregonian, and a recent WARN (Worker Adjustment and Retraining Notification) notice in California suggests layoffs impacting 107 employees at its Santa Clara headquarters.
