Semiconductor production equipment company Kulicke & Soffa NASDAQ:KLIC will be reporting earnings this Wednesday after the bell. Here’s what you need to know.Kulicke and Soffa beat analysts’ revenue expectations last quarter, reporting revenues of $242.6 million, up 49.8% year on year. It was a stu…
What Happened? A number of stocks fell in the afternoon session after TSMC paired topline strength with a free cash flow-compressing capital expenditure reset, compounding a sector-wide selloff that began with ASML the day before. TSMC shares fell roughly 4% in the morning session despite a record…
What Happened? A number of stocks jumped in the afternoon session after a cooler-than-expected June inflation report and a surprise capital expenditure warning from IBM appeared to validate AI hardware demand.June core CPI printed flat month-over-month (2.6% year-over-year versus a 2.9% forecast…
What Happened? A number of stocks fell in the afternoon session after investors took profits following the chip sector's strong rally in the first half of the year as Middle East tensions escalated. SK Hynix shares fell over 5% in South Korea following its strong Nasdaq debut the previous week.The…
What Happened? A number of stocks jumped in the afternoon session after semiconductor stocks rebounded amid dip buying following a recent selloff, as reports revealed that China may ease restrictions on advanced Nvidia AI chip imports.Following sessions of profit-taking that dragged down the entire…
