Activist investor Jana has stake in Wolfspeed, urges sale
Activist investor Jana Partners has built a "significant" position in semiconductor firm Wolfspeed, according to a letter to Wolfspeed's board viewed by CNBC.
Source: cnbc.com
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TSMC posts fastest monthly revenue growth since 2022 on AI chip boom
TSMC posted a surge in revenue in March as it cashes in on a continuing artificial intelligence boom powered by high-end chips.
Source: cnbc.com
Bank of America says MRVL is ready for its AI moment. Buy it before event next week
Marvell Technology will reap the benefits from artificial intelligence, Bank of America predicts.
Source: cnbc.com
This 'hidden AI gem' can surge 80%, Baird says
Baird added Semtech to its "fresh pick" list and reiterated its outperform rating and $40 price target.
Source: cnbc.com
South Korea prepares $57 billion corporate financial support program
South Korea has prepared a financial support program for companies increasing investment in key sectors and businesses struggling following interest rate hikes.
Source: cnbc.com