|Day Low/High||116.51 / 118.94|
|52 Wk Low/High||55.72 / 142.00|
Telcos and cable companies appear to be stepping up their capital spending as COVID-19 lockdowns lead network traffic to spike.
Let's review the charts and indicators.
In a challenge to Broadcom and others, Cisco plans to sell a new switching/routing processor and license its routing software to other hardware makers.
Prices have been in an uptrend the past 12 months for the California-based chip name.
The deal drives home the importance of cutting-edge optical component and module technology to networking hardware vendors. It also might strengthen Cisco's sales pitch to cloud giants.
Analog chip suppliers, optical component firms and chip equipment makers could be among the firms that see M&A interest if trade tensions continue to ease.
It's far from certain that the Commerce Department plans to subject chip sales to Huawei to government review will lead to a full-blown sales ban.
Backed by favorable Prime sign-up and renewal data, the e-commerce and cloud giant is betting on everything from Yankees broadcast rights to a costly Lord of the Rings series.
The charts and indicators are looking bullish. Let me show you.
Business isn't great right now for these companies. But there's a good chance it'll be better in a year or two.
If you look hard enough, you can still find quality chipmakers sporting moderate valuations.
A string of downbeat earnings reports suggests weak telecom capital spending will take a toll on many companies. That includes some optical component high-flyers.