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Samsung, STMicroelectronics, Stellantis: 3 Stocks In Foucs

Brad Smith
·Host

Samsung (005930.KS) reports progress made in a supply deal for its AI chips with Nvidia (NVDA)

STMicroelectronics (STM) cut its full-year revenue forecast as the semiconductor company topped third quarter earnings estimates from Wall Street.

Lastly, automaker Stellantis (STLA) saw third quarter net revenue decline 27% year-over-year.

To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

This post was written by Luke Carberry Mogan.

Video Transcript

We're taking a closer look at some trending tickers this morning and we're doing it in 30 seconds each.

Let's go.

First up, we've got Samsung shares on your screen moving higher fractionally right now, the tech giant saying it's making progress on a supply deal for its A I chips with a major customer and referring to NVIDIA there.

So shares reacting positively up fractionally as of right now.

And one of the huge that this is kind of signaling here is that they're falling more into favor with one of the largest, of course major players in A I as of right now, but they're still trying to get back into the market for high bandwidth memory chips here.

One of the other major stories that we're tracking here, ST Micro well, shares are in the red right now by about 1.3% the chip maker forecasting its full year revenue to come at the lower end of its forecasted range shares reacting negatively as of right now and there you're taking a look at ST Micro on your screen.

One of the other things that is jumping out to JP Morgan Chase, they were out with a note after this, they cut the fiscal year 2025 estimates significantly earlier this week based on indications today that cut was perhaps not enough.

Jp Morgan went on to say and lastly, let's take a look at shares of STIs the carmaker posting a 27% drop in revenue for its third quarter.

But they did highlight progress in cutting us inventories shares right now.

They are still in positive territory.

They're up by about 3.5%.

As of right now on a uh Euros basis, it fell to about 33 billion on issues including model delays there.