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#Semiconductor industry

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Nvidia Shares Drop 5% Ahead of High-Stakes Independent Spy Probe
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Nvidia Shares Drop 5% Ahead of High-Stakes Independent Spy Probe

Key Highlights The Nvidia board has initiated an independent external probe into Jensen Huang’s past interactions with a former Megaspeed executive, aiming to maintain transparency and limit board liability. Nvidia faces mounting pressure from a new shareholder class action lawsuit filed by Mark Kistenmacher alongside a Congressional summons for a closed-door briefing on November 18. ...

AI Chip Stocks Rebound After Global Market Rout, Raising Fears of a Bursting Bubble
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AI Chip Stocks Rebound After Global Market Rout, Raising Fears of a Bursting Bubble

Key Highlights: Global equity markets suffered widespread declines, with Taiwan’s benchmark sliding over 8%, South Korea’s KOSPI dropping 6%, and the US Tech 100 proxy falling more than 5.5% over the week. Mounting political scrutiny on data centers and rising debt financing costs are pressuring the artificial intelligence trade, driving market strategist Steve Sosnick to ...

Intel Shares Plunge 23% as Weak Guidance Overshadows Q3 Earnings Beat
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Intel Shares Plunge 23% as Weak Guidance Overshadows Q3 Earnings Beat

Key Highlights: Intel Foundry revenue jumped 58% year-over-year to $6.7 billion on improved yields, while Client Computing Group revenue fell 5% to $8.1 billion. Weak fourth-quarter guidance targets revenue between $15.0 billion and $16.0 billion alongside an EPS projection of $0.25, significantly below Wall Street consensus. Intel shares dropped 23% in after-hours trading, wiping out ...