Semiconductor stocks in South Korea soared during Thursday's trading session following the earnings release of of U.S. chipmaker Micron Technology overnight, which bested expectations.
Even though the U.S. chipmaker gave a forecast for its fiscal third quarter that was below Wall Street's expectations, the company predicted that demand will likely begin growing again by the fourth quarter. "Tech was one of the worst performing sectors last year. Year-to-date, it is one of the best performing sectors," said Nigam, attributing some of the recent tech gains to a"rebound" from last year's losses.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Micron sees memory chip recovery coming later in year, shares riseU.S. chipmaker Micron Technology Inc on Wednesday said it sees a recovery in the...
Source: Reuters - 🏆 2. / 97 Read more »
Micron stock ticks higher as results top lowered Wall Street expectationsMicron Technology Inc. shares ticked higher in the extended session Wednesday after the memory chip maker topped lowered Wall Street expectations. Micron...
Source: MarketWatch - 🏆 3. / 97 Read more »
South Korean watchdog cuts fine on Qualcomm after decade-old legal battleSouth Korea's antitrust regulator has lowered a decade-old penalty imposed ... Hi
Source: Reuters - 🏆 2. / 97 Read more »
Hundreds of South Korean hotel guests were secretly filmed and live-streamed onlineHundreds of hotel guests in South Korea were secretly filmed and live-streamed online. Cameras were hidden inside digital TV boxes, wall sockets and hairdryer holders, police say. “sally walker” by iggy azalea is now available: • spotify: • itunes/apple music: • youtube: Disgusting. What type of hotel would film their guests & who would watch online? This is disgusting.
Source: CNN - 🏆 4. / 95 Read more »
South Korean pension fund deals blow to Elliott in Hyundai fightElliott Management received a potentially fatal blow in its proxy fight to shake... Oh, that's some protectionism I can get behind. Get outta there, Elliott!
Source: Reuters - 🏆 2. / 97 Read more »
2 K-pop stars in sex scandals being questioned by South Korean policeSeungri, a member of Big Bang, and Jung Joon-young have both announced their retirement amid investigations into the interlocking sex scandals. What do they do The Big Bang Gang. seungri :/
Source: NBCNews - 🏆 10. / 86 Read more »
Sex scandal sweeps through South Korean music industryA singer and television celebrity in South Korea has admitted to secretly filming and sharing sex videos. I hope this won't further hamper nuclear weapons negotiations with North Korea. It’s time to “kill the rich” ABC so late on this news
Source: ABC - 🏆 471. / 51 Read more »
Hyundai Motor, Kia to invest $300 million in India's OlaSouth Korean automakers Hyundai Motor Co and Kia Motors Corp will together inves... Still Pappu will say Job less youth.
Source: Reuters - 🏆 2. / 97 Read more »
In wake of Hanoi summit, South Korea's Moon left with less room to maneuverIn wake of Hanoi summit, South Korea's Moon left with less room to maneuver by HeeShin They need to reunite Korea together and ignore America. Boot our soldiers out and boot our ships away from their ports. Reuters has it America...
Source: Reuters - 🏆 2. / 97 Read more »
Forget Falling Chip Prices, Micron Stock Is CheapEven though chip prices continue to fall, the big chip maker’s shares are oversold amid early signs of stabilization.
Source: MarketWatch - 🏆 3. / 97 Read more »