The most talked about and market moving research calls around Wall Street are now in one place. Here are today’s research calls that investors need to know, as compiled by The Fly. Top 5 Upgrades: Baird upgraded Circle Internet (CRCL) to Outperform from Neutral with an unchanged price target of $110. Baird views Circle’s current…
By Siddarth S and Kanchana Chakravarty (Reuters) -Applied Materials (AMAT) shares slid 6% before the bell on Friday as the chip equipment maker forecast reduced spending in China next year due to stringent U.S. export curbs. The U.S. government has cracked down on foreign companies, especially from China, that use subsidiaries and affiliates to circumvent…
A bipartisan group of American lawmakers is pushing for a “dramatic” expansion of export controls on chip manufacturing equipment to China and alignment from US allies in restrictions, according to a report released on Tuesday. Their efforts come amid concern that US President Donald Trump is compromising national security in pursuit of a trade deal…
Technicians at an Applied Materials Inc. facility in Santa Clara, California. (Bloomberg) — Applied Materials Inc., the largest US maker of machinery used to manufacture semiconductors, said an expansion of rules that restrict the export of its products to China will take another chunk out of its revenue. Most Read from Bloomberg The US Commerce…
OpenAI CEO Sam Altman has warned that export controls alone are not an effective strategy to curb China’s development of artificial intelligence (AI). He’s absolutely right. China’s rapid ascendancy in the global AI race is becoming increasingly evident, driven by its strategic focus on engineering, application-driven development and alignment with national policy. While the US…
A technician works on a computer at the Applied Materials Inc. facility in Santa Clara, California. (Bloomberg) — Applied Materials Inc. suffered the worst single-day stock decline in five years after giving a disappointing sales and profit forecast, renewing concerns that the US trade dispute with China is weighing on demand. Most Read from Bloomberg…
By Jaspreet Singh (Reuters) -Applied Materials forecast fourth-quarter revenue and profit below estimates on Thursday, citing weak demand in China and erratic orders from customers facing uncertainty due to tariffs, sending its shares down nearly 13% in extended trading. President Donald Trump’s ongoing tariff negotiations and certain export restrictions to China have made it more…
US stock futures were mixed on Friday as Wall Street tempered its rate-cut hopes and awaited July’s retail sales report. Futures attached to the Dow Jones Industrial Average (YM=F) rose around 0.7%. Futures attached to the benchmark S&P 500 (ES=F) were flat and futures attached to the tech-heavy Nasdaq 100 (NQ=F) fell below the flatline….
Apple (AAPL) revealed plans to invest an additional $100 billion in US manufacturing commitments during a press event at the White House with President Trump on Wednesday. The move follows Apple’s prior $500 billion investment in US spending, which includes working with partners to build an AI server plant in Texas. Shares of Apple climbed…