Can Rivian (RIVN) Stock Finally Transform from an EV Caterpillar into a Market Butterfly?

Can Rivian (RIVN) Stock Finally Transform from an EV Caterpillar into a Market Butterfly?

Rivian Automotive’s (RIVN) electric SUV and pickup truck models look great, but its stock value isn’t as alluring. The company’s shares have been down 90% since its IPO in 2021. With internal mechanics spluttering and industry-wide challenges mounting, RIVN looks like a bit of a caterpillar for investors. Low demand, supply constraints, and ongoing cash…

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Taiwan Semiconductor Manufacturing Co Ltd (TSM) Q3 2024 Earnings Call Highlights: Strong ...

Taiwan Semiconductor Manufacturing Co Ltd (TSM) Q3 2024 Earnings Call Highlights: Strong …

Revenue: USD23.5 billion for Q3 2024, above guidance. Revenue Growth: 12.8% sequential increase in NT. Gross Margin: 57.8%, increased by 4.6 percentage points sequentially. Operating Margin: 47.5%, increased by 5 percentage points sequentially. EPS: TWD12.54 for Q3 2024. ROE: 33.4% for Q3 2024. Cash and Marketable Securities: TWD2.2 trillion (USD69 billion) at the end of…

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Micron fuels chip stock rally as AI demand powers revenue forecast

Micron fuels chip stock rally as AI demand powers revenue forecast

By Arsheeya Bajwa (Reuters) – Micron Technology surged 15% on Thursday in premarket trading, leading a rally in chip stocks after its strong revenue forecast signaled robust demand for semiconductors used to power generative AI technology. The company, whose high-bandwidth memory chips (HBM) are used in Nvidia’s popular artificial intelligence processors, was set to add…

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