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Top News In குறைக்கடத்திகள் ஆம்ப் குறைக்கடத்தி உபகரணங்கள் Today - Breaking & Trending Today

General Motors Blasts Earnings Forecasts, Repeats Profit Guidance

Original:
General Motors (
GM) - Get Report posted much stronger-than-expected first quarter earnings Wednesday, while confirming its full-year profit guidance even as chip shortages bloated its overall inventory and clipped free cash flow.
General Motors said adjusted diluted 2.25 per share, up 262% from the same period last year and more than double the Street consensus forecast of $1.04 per share. Group revenues, General Motors said, slipped modestly from last year to $32.47 billion, coming in just shy of analysts estimates.
Looking into the 2021 financial year, GM said it expects profits closer to higher end of its $10 billion to $11 billion range, or $4.5 to $5.25 per share, including first half total of around $5.5 billion. ....

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Semiconductor Watchlist: AMD Is Dominating the Semiconductors

See buy or sell recommendations for Nvidia, Qualcomm, NXP, Broadcom, Taiwan Semiconductor, Intel, and more semiconductor stocks. ....

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AMD Shares Gain on Outlook Boost as Chip Supply Chains Improve

Advanced Micro Devices shares surged higher Wednesday after the chipmaker forecast solid current-quarter sales and a robust full-year outlooked pinned on improving demand and a loosening of tensions in the global semiconductor supply chain. ....

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Apple Pledges $430 Billion in U.S. Investment Over 5 Years

Original:
Apple (
AAPL) - Get Report unveiled sweeping plans on Monday to invest more than $430 billion in the U.S. and create more than 20,000 new jobs over the next five years as part of its push to be less reliant on global chains.
The Cupertino, Calif.-based tech giant said it plans to accelerate its U.S. investments by growing its teams and adding to its production and infrastructure focused on next-generation silicon development and 5G innovation across nine U.S. states, including California, Colorado, Massachusetts, Texas, Washington and Iowa.
It also is spending more than $1 billion to create a new East Coast campus in North Carolina. The commitment is roughly 20% higher than the company’s original five-year goal of $350 billion that it set in 2018, Apple said in a statement. ....

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Semiconductor Watchlist: Nvidia Challenges Intel and AMD

Semiconductor Watchlist: Nvidia Challenges Intel and AMD
See buy or sell recommendations for Qualcomm, Nxp, Broadcom, Taiwan Semiconductor, and more semiconductor stocks.
Author:
Apr 15, 2021 9:06 AM EDT
The semiconductor sector remained hot in the first quarter of 2021, returning more than 12% and positioning itself among the market s leaders.
The rally could continue well into the summer, wrote David Dierking of ETFFocus on TheStreet. If you were on the wrong side of the semiconductor trade in Q1 and you held the Direxion Daily Semiconductor Bear 3x Shares ETF (SOXS) throughout, you would have lost more than 45%, he added.
However, the recent semiconductor chip storage made some waves in the sector. President Joe Biden hosted a semiconductor summit at the White House Monday to discuss the shortage impacting many industries, including the auto industry. ....

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