The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
Qualcomm (QCOM) Dips More Than Broader Market: What You Should Know
U.S. stock market close: The Nasdaq has fallen from historic Top Reversal, while the Dow has declined for the sixth consecutive day.
① The Nasdaq China Golden Dragon Index rose by 0.18%, with China Concept Stocks showing mixed performance; ② Google is collaborating with Samsung to develop a headset device, with the first product expected to be launched next year; ③ Apple is reportedly set to start producing a key wireless chip currently supplied by Broadcom next year; ④ Adobe fell nearly 14%, as the company's full-year performance guidance was below expectations.
Express News | Qualcomm: CTO James Thompson will retire on February 3, 2025.
Apple is reportedly set to begin production next year of a key wireless chip currently provided by Broadcom.
Apple's ambition to use self-developed components in its devices will include a shift to using its own developed Bluetooth and Wi-Fi Connection Chips starting next year, replacing some parts currently provided by Broadcom. According to informed sources, this chip, codenamed Proxima, has been in development for several years and is now planned to begin production in 2025. Like other self-developed chips from Apple, Proxima will be produced by partner Taiwan Semiconductor. This plan is independent of Apple's highly anticipated plan to replace Qualcomm's wireless modem, but the two components will eventually work together. Informed sources said that Apple...
Qualcomm Unusual Options Activity
Google Unveils New OS, Headset With Samsung
Express News | Google: First Device With Android Xr, Code Named Project Moohan & Built by Samsung, to Be Available for Purchase Next Year
Express News | Google: For Qualcomm Partners Like Lynx, Sony and Xreal, Opening a Path for the Development of a Wide Array of Android Xr Devices
HiBy Launches R6 Pro MAX
Express News | Qualcomm has appointed BAAZIZ ACHOUR as Chief Technology Officer.
Express News | Qualcomm: James Thompson to Retire as CTO
Express News | Qualcomm Announces DR. Baaziz Achour Appointed Chief Technology Officer-Elect
Qualcomm Announces Dr. Baaziz Achour Appointed Chief Technology Officer-Elect
Express News | LambdaTest has raised $38 million in funding, with participation from Qualcomm Venture Capital.
Why Is QUALCOMM Incorporated (QCOM) the Best Self-Driving Technology Stock to Buy According to Hedge Funds?
NVIDIA, AMD, and Intel have rarely joined forces to invest in a photonic chip company.
Source: Semiconductor Industry ObserverIn recent years, with the fierce competition in AI escalating, both traditional and emerging processor giants have been engaged in intense competition surrounding CPUs, GPUs, and AI accelerators. In particular, the three iconic giants AMD, Intel, and NVIDIA are under close scrutiny due to their rivalry, which includes the chase and counterattack of latecomers, the fierce rise of new markets, and the reluctance of old giants to fall behind. It is well known that these three companies are involved in both overt and covert battles over artificial intelligence and PCs. However, recently, these three companies have rarely joined forces to invest in a company called
Counterpoint: In the third quarter, the Global Semiconductors Industry revenue reached 158.2 billion USD, with a year-on-year growth of 17%.
In the third quarter of 2024, the Global Semiconductors Industry revenue grew by 17% year-on-year, reaching 158.2 billion dollars, mainly driven by demand for AI technology and the recovery of the memory industry.
The NASDAQ broke through 0.02 million points for the first time, Tesla led a group of tech giants to a new high, and Bitcoin climbed to 0.1 million dollars
The Dow and Apple fell, the Nasdaq rose nearly 2%, Tesla and Google rose nearly 6%, with Meta, Amazon, and Netflix all reaching new highs. Nvidia rose more than 3%, and Broadcom rose nearly 7%. At one point, ultra-microcomputers fell more than 8%. The decline narrowed, and Fanduo turned up more than 11%. The US CPI for November is betting on cutting interest rates next week. Interest rate cuts may be suspended in January next year. US dollar and US bond yields will rebound in V shape, and spot gold will be the highest in five weeks. The yen dived below 152, and the offshore renminbi once fell more than 300 points to 7.29 yuan. After the Bank of Canada cut interest rates sharply, Canadian dollar and Canadian bond yields turned up, and oil prices rose by about 2%.
Qualcomm Insider Sold Shares Worth $1,665,781, According to a Recent SEC Filing