|Day Low/High||108.48 / 110.42|
|52 Wk Low/High||67.62 / 113.50|
The bond market is running the show? The answer would be... as much if not more than anything else... again.
Possibly due to worries about the fixed costs attached to their business models, many fab-owning chip suppliers with meaningful growth opportunities are still trading at low valuations.
NXP and many other chip stocks still trade at reasonable valuations. But the group's margin of safety has diminished some following recent gains, and industry news remains pretty mixed.
After the market close, we have a number of earnings reports coming at us, and one of my standard practices is to make a list as to which companies are reporting, and what's expected. This way, as the results hit the tape, I can perform a quick tria...
The real threat here would be if the Fed were fooled by domestic economic data that remains better than bad, from properly preparing for a very uncertain future.
There still appears to be plenty of interest among chip developers in further consolidation, and the easing of export restrictions on Huawei might make them less worried about Chinese regulators.
As chip stocks gain nearly across the board following numbers from Micron that weren't exactly stellar, it's worth remembering how low valuations for many names had gotten.
Broadcom's Huawei mess is at the heart of Trump's disregard for what happens to American businesses.
The tech giant's reported effort to create a wearable that can detect human emotions shows how it's hardware efforts are swelling, and also its willingness to bet on projects that are far from guaranteed to succeed.
Given the sidestepping of trade restrictions for the European chipmakers, they could be poised to fill the void left by larger U.S. competitors that have long been dominant in the region.
Nvidia still needs China's approval for the buyout of Mellanox.
Trade worries have by themselves affected the Chinese sales of many tech companies.
Nvidia's biggest acquisition is in the hands of Chinese regulators at an inopportune time.
The Dutch chipmaker issued better-than-expected sales guidance, thanks in part to good exposure to several chip markets seeing healthy growth.
How all this, plus things like the housing market's New Home Sales, are helping support the market.
I am spying more upside potential in a name that has become the red-headed stepchild of the semiconductor space.
The German and Japanese governments have both issued rulings that lower the odds of Huawei and ZTE's equipment being used within local 5G networks.
Is the semi space in for another round of M&A?
NXPI has its hands in two of the strongest growth sectors of tech in terms of usage and need for innovation.
But most important, networking is on fire - the internet of things and that's so terrific for everyone.
It signals the glut in chips may be done with, which is good news for most of the semiconductor names.
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.
It's the group to buy every time you hear that trade talks might falter simply because it has much more going for it than just China or cellphones.
The market can still go higher, but the time has come for the slope of price discovery to normalize a bit.
The beaten down semiconductors are building up some serious momentum.