Intel Corporation (NASDAQ: INTC)’s stock price fell 3.6% during Wednesday’s trading session, reaching as low as $20.49 before finishing at $20.56. This fall occurred despite much lower trading activity, with only 32.9 million shares changing hands—66% less than the typical daily volume of 97.7 million. Wall Street Analysts Respond to Intel’s Struggles: Several brokerage companies…
Super Micro Computer has been on a rollercoaster ride in 2024, with impressive gains early on before a sharp selloff. After spiking owing to rising AI infrastructure demand, the stock had a massive crisis when Hindenburg Research accused the business of accounting trickery. The upheaval escalated when Ernst & Young, SMCI’s auditor, left, raising worries…
Tesla, long the unchallenged leader in the electric vehicle (EV) sector, is currently seeing a significant fall in global sales. While the brand remains synonymous with EV innovation, new statistics show that Tesla’s image is deteriorating, notably in Europe and Australia, as CEO Elon Musk’s political ties have sparked controversy. Tesla’s challenges in Europe: According…
Intel (NASDAQ: INTC) boldly drives to recover semiconductor market supremacy with its breakthrough 18A manufacturing process. As part of the company’s ambitious Intel Foundry plan, this cutting-edge technology can challenge industry heavyweights TSMC and Samsung, changing the worldwide chip landscape. Breaking down Intel’s 18A technology: The 18A (18-angstrom) technique marks a significant advancement in semiconductor…
Super Micro Computer Inc. (NASDAQ: SMCI) is riding the AI wave, but its stock has been anything but stable. Despite strong revenue growth and increasing demand for its high-performance AI servers, the company is experiencing sharp market fluctuations, leaving investors questioning what’s next. Super Micro has positioned itself as a key player in AI computing,…
Tesla is making a major push into the energy storage business, announcing plans to build a massive new Megafactory near Houston, Texas. This latest expansion signals the company’s growing ambitions beyond electric vehicles, as it aims to become a dominant force in renewable energy and battery storage solutions. The Houston-area facility will focus on producing…
As Palantir Technologies (NYSE: PLTR) enjoys a strong rally, a recent insider stock sale is catching investor attention. A Palantir director has sold $1.74 million worth of shares, sparking speculation about whether this is simply a routine sale or a signal that the stock may be overheating. Palantir’s stock has been on an upward trajectory,…
Intel has successfully defended itself against a shareholder lawsuit that accused the company of misleading investors about its foundry business strategy. A judge dismissed the case, removing a potential legal obstacle as Intel continues to expand its semiconductor manufacturing operations. The lawsuit, filed by a group of investors, claimed that Intel had overstated its ability…
Shares of General Motors (GM), Ford (F), and Stellantis (STLA) surged after former President Donald Trump announced a temporary pause on auto tariffs, offering much-needed relief to U.S. automakers. The decision comes as a major win for Detroit’s Big Three, easing fears of rising production costs and potential price hikes that could have hurt both…
Elon Musk, the CEO of Tesla, has criticized India’s high automobile import taxes, which may reach 110%, as among the world’s highest. Under a potential trade agreement between the two countries, the United States wants India to remove tariffs on auto imports. However, sources told the news channel that while the administration is considering more…