|Day Low/High||91.05 / 92.38|
|52 Wk Low/High||79.22 / 141.60|
But despite earnings beat, guidance was a bit soft for the tech company.
XLNX's earnings miss is not because of poor product sales, sagging 5G demand, missing the market or even losing out to competition -- it's because of the politics around Huawei.
Though major chip suppliers shared both good and bad news in October, on the whole the positives outweighed the negatives.
The GPU giant has steadily grown its addressable market, in part by creating end-to-end solutions that pair its chips with complementary software.
A trade deal still seems far away, so check your China exposure, again, as earnings season approaches.
But whether the Chinese will make concessions will remains to be seen. So far, they have not given an inch, and they have the most to lose.
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.
XLNX is poised to clearly break its May lows, which should open the way to future declines, so defer purchases.
After Facebook posted a great report yet saw its shares decline in morning trading Thursday, investors may be nervous about how Amazon, Alphabet and others fare after releasing their results.
Semiconductor strength and Mario Draghi's dovishness could be catalysts that help build on momentum.
Watch closely as the government opens a broad antitrust investigation into unidentified leading online technology platforms
Much of the money that Microsoft is investing in startup OpenAI will likely go towards AI computing systems featuring Nvidia GPUs.
The chip manufacturing giant, whose clients include Apple, Nvidia, AMD and Qualcomm, just reported strong June sales and beat its Q2 revenue guidance.
The chip sector could get hit hard if a trade deal doesn't happen at the G20 summit.
Talks between Washington and Beijing unlikely to end tariffs, but what would be worse? If the Fed chief dropped his guard on a single tweet.
The Taiwanese chip manufacturing giant has a blue-chip client list and is intent on maintaining its manufacturing technology edge. And its valuation looks reasonable.
Is the temporary license granted for U.S. exports to Huawei part of the ongoing attempt to reach a trade deal -- or is it early stages of what might end up as a protracted cold war?
Not all semiconductor stocks are poised to experience the same headwind from Huawei.
Buying right now, without seeing the close, feels like a greater risk to bulls than sitting on your hands for a day or two.
CRM is still suffering, but a number of other cloud stocks are still hot. Here is how to play it.
This chip stock plunged plunged 7.7% Thursday.
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.
It's ironic. Had the Chinese let Facebook, Amazon, Netflix and Alphabet in, there could have been some massive retaliation for Huawei. But they never did.
The gap to the downside last month on heavy volume has made a bearish impression on me.