Latest Stories
Why Are Intel (INTC) Shares Soaring Today
Shares of computer processor maker Intel (NASDAQ:INTC) jumped 7% in the afternoon session after the Biden-Harris Administration announced that the company (Intel) has been awarded up to $3 billion in direct funding under the CHIPS and Science Act for the Secure Enclave program. The CHIPS and Science Act is a U.S. government initiative to boost domestic semiconductor production and cut reliance on foreign suppliers.
Nova (NVMI) Stock Trades Down, Here Is Why
Shares of semiconductor quality control company Nova (NASDAQ:NVMI) fell 8.8% in the afternoon session after Citigroup analyst Atif Malik downgraded the stock's rating from Buy to Neutral and lowered the price target from $273 to $224. Malik cites a shift in preference for consumables (Like Entegris, which produces special chemical items used in the semiconductor manufacturing process) and wafer start stocks (companies that produce raw materials, including wafers for chip production) over equipment manufacturers like Nova. Despite seeing Nova as a key player in the growing 3D devices market and benefiting from advanced packaging, he is concerned about the sustainability of its performance due to weaker wafer fab equipment (WFE) spending in 2025.
Why Is Lattice Semiconductor (LSCC) Stock Rocketing Higher Today
Shares of semiconductor designer Lattice Semiconductor (NASDAQ:LSCC) jumped 12.7% in the morning session after the company announced the appointment of Dr. Ford Tamer as Chief Executive Officer. Tamer replaced Esam Elashmawi, who had served as Interim CEO since June 2024. Elashmawi will continue in his role as Chief Strategy and Marketing Officer.