Previous Close | 0.4100 |
Open | 0.4100 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 37.50 |
Expire Date | 2023-12-15 |
Day's Range | 0.4100 - 0.4100 |
Contract Range | N/A |
Volume | |
Open Interest | N/A |
In the battle of this semi-cap leader against an up-and-coming networking star, who comes out on top?
In the wake of an economic pullback since August 2023, businesses are increasing their investments in artificial intelligence (AI), leading to a robust performance of AI semiconductor stocks. This trend has created an opportunity for long-term investors to acquire shares in key players such as semiconductor equipment leader Lam Research (NASDAQ:LRCX) and Marvell (NASDAQ:MRVL) Technology.
Qualcomm (NASDAQ:QCOM), the American semiconductor giant, is set to reduce its workforce at its research and development (R&D) facility in Shanghai, China, as it navigates a challenging period marked by ongoing technology tensions between the US and China, as well as a slump in smartphone sales. The planned downsizing measures are expected to be implemented primarily in the fiscal fourth quarter, according to Chinese news service Yicai Global on Monday.