Invesco PHLX Semiconductor ETF(SOXQ.US)

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Invesco PHLX Semiconductor ETF

SOXQ.US

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News

Broadcom (NASDAQ:AVGO) Shares Up 2.5% - Here's Why

Broadcom (NASDAQ:AVGO) shares rose 2.5% to $351.71 amid positive analyst sentiment regarding AI demand and institutional buying, notably from Cathie Wood’s ARK. KeyCorp raised its price target to $500, while Bernstein dismissed AI competition fears. However, concerns over a $4.5B debt issuance, insider selling, and geopolitical risks from China’s ban on Broadcom’s cybersecurity products have tempered investor sentiment. Analysts maintain a consensus 'Buy' rating with an average price target of $438.61, following strong quarterly earnings that exceeded expectations.

Market Beat·33 Minutes ago

AVGO

+2.53%

Market Beat·33 Minutes ago

AVGO

+2.53%

Top 5 US Stock Gainers/Losers (>100B) (1.16)

Novo Nordisk AS(NVO) rose 9.12%, with a trading turnover 2.6 Billion USD, and a year-to-date rose 22.5%. Micron Tech(MU) rose 7.76%, with a trading turnover 16.9 Billion USD, and a year-to-date rose 27.1%. Constellation Energy(CEG) fell 9.82%, with a trading turnover 2.8 Billion USD, and a year-to-date fell 12.9%. AppLovin(APP) fell 6.3%, with a trading turnover 4.9 Billion USD, and a year-to-date fell 15.6%.

Top Gainers & Losers·1 Hours ago

Top Gainers & Losers·1 Hours ago

Micron breaks ground on humungous NY DRAM fab after beating bats and tree huggers

Micron has commenced construction on a $100 billion chip fabrication facility in New York, expected to create 50,000 jobs and significantly boost US DRAM production by 2030. The project, which faced environmental delays, will include measures to protect local bat and bird populations. The facility is part of a larger plan to address memory shortages driven by AI demand, with the first two fabs operational by 2030 and additional ones by 2041. Micron secured $6.1 billion in federal funding to support this expansion.

The Register·2 Hours ago

+7.76%

The Register·2 Hours ago

+7.76%

Micron's stunning stock gains are encapsulated by this milestone

Micron Technology is poised to reach a $400 billion market cap, just weeks after surpassing $300 billion, driven by strong demand for memory chips amid the AI boom. Shares rose over 6% to trade above $356, with a closing price of $355.39 needed to achieve this milestone. Analysts predict continued price increases for memory products due to constrained supply and heightened demand from AI developers. Notably, board member Mark Liu's recent purchase of over 23,000 shares signals confidence in Micron's growth potential. The stock has gained 13% this year.

Dow Jones·2 Hours ago

+7.76%

Dow Jones·2 Hours ago

+7.76%

US FTC to scrutinize Big Tech's talent acquisition deals, Bloomberg News reports

The U.S. Federal Trade Commission (FTC) is investigating big tech companies that hire employees from startups instead of acquiring them outright, as this practice may circumvent antitrust reviews. FTC Chairman Andrew Ferguson highlighted concerns over these 'acqui-hires' in a Bloomberg interview, noting that recent deals by Nvidia, Microsoft, Meta, and Amazon have drawn regulatory scrutiny. Ferguson attributed the rise in such practices to the Biden administration's stringent antitrust enforcement.