Good news for chip stocks–well, for some chip stocks
In November global chip sales rose for the first time in more than a year. Global semiconductor revenue added up to $48 billion in November, a 5.3% increase from a year earlier, according to the Semiconductor Industry Association. Sales rose a more moderate 2.9% from...
Selling Intel out of Jubak Picks to take profits ahead of PC sales weakness
I will sell Intel (INTC) out of my Jubak Picks Portfolio tomorrow, April 12. The position was up 14.55% as of the close on April 11 since I added it on February 8, 2023. Intel is set to report on April 27 and it will be an ugly quarter with Wall Street looking for a...
Intel cuts dividend by 66%, stock drops just 2.26% on the day
So it wasn’t much of a surprise to most investors–although some of us were hoping that Intel (INTC) would hold its dividend steady after a big bond offering in the last few weeks. But today Intel cuts its dividend by 66% to 12.5 cents a share from a prior...
Odds rise that Intel will keep its dividend after bond sale, adding the stock to my Jubak Picks Portfolio
The possibility that Intel (INTC) would cut its dividend has been hanging over the stock price since the company announced one of the ugliest quarters I’ve seen in a while on January 26. No question why. Intel’s adjusted free cash flow was a negative...
Selling TSM out of my long-term 50 Stocks and Millennial portfolios on China fears
I hate to do this. Taiwan Semiconductor Manufacturing (TSM) is the premier chip manufacturer in the world and I see the company continuing to grow revenue from the increasing demand for smaller and more powerful chips. And I certainly hate to sell a stock that’s...
Selling ASML Holding today in an effort to get ahead of the trade war with China
Today I’m selling ASML Holding (ASML) out of my long-term 50 Stocks Portfolio. My take on Asmel hasn’t changed: this is one of the key chip equipment companies in the drive to produce smaller and denser chips. What has changed in the market and the global...
It’s a new trade war with China and this one is really, really serious
If you liked the Trump administration’s trade war with China, you’ll love the Biden administration’s new, more dangerous, escalated version. Rather than slapping tariffs on Chinese goods, and inviting retaliatory tariffs by China on American...
AMD gives disappointing chip guidance again
After the close today October 6, Advanced Micro Devices (NASDAQ) announced that its preliminary estimate of revenue for the third quarter would be just $5.6 billion. That’s well below Wall Street forecasts of $6.71 billion. On the news shares of Advanced Micro...
Micron’s revenue warning is shot across the bow of chip equipment makers
Yesterday, September 29, after the close of trading DRAM chipmaker Micron Technology (MU) reported fiscal fourth-quarter earnings of $1.35 a share and adjusted earnings of $1.45 a share. That was down from $2.42 a share in adjusted earnings in the fiscal fourth...
Please Watch My YouTube Video: Quick Pick Nvidia
My one-hundred-and-ninetieth YouTube video: “Quick Pick Nvidia” went up today. This week’s Quick Pick: Nvidia (NASDAQ: NVDA). I believe Nvidia will be the dominant chip stock for the next decade–but the stock is struggling during this bear...
Please watch my new YouTube video: Quick Pick Intel
My one-hundred-and-seventieth YouTube video: “Quick Pick Intel” went up today. Intel (INTC) has had a bad year. In fact, you can argue that Intel has had “bad years.” The company has fallen behind both Taiwan Semiconductor and Advanced Micro...
Please watch my newest YouTube video: Quick Pick Wolfspeed
My one-hundred-and-sixty-seventh YouTube video “Quick Pick Wolfspeed” went up today. My latest Quick Pick is Wolfspeed (WOLF), a cutting-edge chipmaker developing semiconductors beyond silicon. It’s not profitable yet and that gives me pause in the...
Chip makers say tough days ahead–I’m selling TSM and NXPI out of Jubak Picks
The chip boom is over–or at least coming to an end. Gartner has cut its outlook for revenue growth in 2022 to just 7.4%. That’s down from a forecast of 14% growth for chip revenue three months ago. Garner sees chip revenue falling 2.5% in 2023. And you...
Rally or rotation? I vote for rotation
In the last week Technology stocks, and chip stocks in particular, have staged a very impressive rally off of a really low base. Nvidia (NVDA), for example, is up 17.43% in the week that ended on July 21. That still leaves the stock down 39.43% for the year. Advanced...
Today chip stocks climbed on prospect for Senate vote on $50 billion subsidy bill
The bill, known as the Chips for America Act, is a pared-down version of a broader set of competition measures and would authorize $52 billion in grants and loans for chip manufacturers, as well as a new, four-year 25% investment tax credit for chip making. Senate...
Taiwan Semiconductor raises revenue forecast–China worry not priced in so far
Taiwan Semiconductor Manufacturing (TSM), the world’s largest independent chip producer, expects revenue to grow about 30% in 2022. Sales growth this year should accelerate from 2021’s 24.9% (in dollar terms), Chairman Mark Liu said at the company’s annual...
AMD reports solid earnings beat after close on May 3
After the close on May 3, Advanced Micro Devices (AMD) reported first-quarter earnings of $1.13 a share, excluding one-time items. Wall Street analysts had projected earnings of 92 cents a share for the quarter. Sales rose 71% to $5.9 billion, topping projections of...
More disruptions to the global chip supply chain-I’ll do some trimming in the sector tomorrow by selling ASML, LRCX, and IFNNY
Right now investors and traders are getting a crash course in how vulnerable global supply chains are to disruption–especially when they become really extended. And how a supply chain disruption can ripple out in unexpected directions thanks to the complexity of...
Want to know what stocks and sectors will rise and fall and when? Watch the lags
If the Ukraine war drags on into May, how quickly will grain prices retreat to something like normal? To answer that question–and similar queries for fertilizer, for chip production, and other sectors–pay attention to the lags: how much time it will take...
Nvidia beats on earnings and revenue after the close–stock trades flat after pre-earnings run
After the close today, Nvidia (NVDA) reported fourth quarter earnings of $1.32 a share (versus analyst projections of $1.22) and revenue of $7.6 billion (versus expectations for $7.42 billion). As of 4:45 the stock has trading down $1.09 in the after-hours market. In...
Back to the races: S&P 500 up 2.08% this morning as Omicron fears abate
Here we go again. It’s not that we really have any more information about the Omicron Variant–we certainly don’t know what its effects will be on global economic acuity–but just as fears that the Covid-19 variant would send the world back into...
Taiwan Semiconductor beats on earnings, flags continued tight chip supply throughout 2022
Taiwan Semiconductor Manufacturing (TSM), the dominant independent chip manufacturer in the world, reported earnings today, October 14, of $1.08 per share for the September quarter. Wall Street analysts hd expected earnings of $1.04 a share. The stock closed up 2.35%...
Apple reportedly to cut iPhone 13 production targets on chip shortage
This doesn’t help a chip sector already in a correction and on the verge of breaking major technical support. (The iShares Semiconductor ETF (SOXX) fell 1.25% yesterday to $435. That’s well below the 50-day moving average at $459 and just slightly above...
It’s already correction time in the chip sector
The Philadelphia Semiconductor Index is now down 8.7% from its September 16 peak. The slump comes as investors and traders sell on fears of supply-chain problems in the sector and especially in the memory chip market. The drop has left the index testing its 200-day...
Selling Advanced Micro Devices out of Jubak Picks tomorrow, September 30
With supply chain “glitches” continuing to shred revenue and earnings forecasts for technology companies such as Micro Technology (MU) on Tuesday of this week, I think the risk/reward trade off from a high momentum chip stock such as Advanced Micro Devices...
Signs of a rocky earnings season to come in Micron Technology warning
Earnings season (for the third quarter for most companies) starts on October 13, two Wednesdays from today, when big banks such as JPMorgan Chase (JPM), Bank of America (BAC) and Wells Fargo (WFC) report their results for the period that ends on September 30....
Global chip (and I’m not talking Pringles) shortage gets worse
The global semiconductor shortage is getting worse as the Delta variant creates production delays in Malaysia, Vietnam, and the Philippines. That’s a new set of bottlenecks. Some automakers that had managed to avoid big shutdowns in production during earlier...
Click your heels together and repeat, “There is no inflation”
Taiwan Semiconductor Manufacturing (TSM), which makes chips for everybody and everything, plans to raise prices on its silicon by 10% to 20% in 2022, DigiTimes reported today. The company will raise prices on “mature-technology chips” manufactured on 16...
Nvidia finally trades at post-split price and gains 4.29% today
Nvidia (NVDA) finally began trading at a price adjusted for the stock’s announced 4 for 1 split. At the close the shares traded at $194.10, a gain of $7.98 a share (or a pre-split $31.92 gain), up 4.29% on the day. The solid move higher bodes well for...Jim’s Daily Email Alerts:
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