Latest news with #RafaelSotomayor
Yahoo
01-05-2025
- Business
- Yahoo
Why NXP Semiconductors N.V. (NXPI) Went Down On Tuesday
We recently published a list of . In this article, we are going to take a look at where NXP Semiconductors N.V. (NASDAQ:NXPI)stands against other companies that were heavily sold down. Wall Street's main indices finished stronger on Tuesday, buoyed by the influx of more corporate earnings results. The Dow Jones grew by 0.75 percent, the S&P 500 rose by 0.58 percent, and the Nasdaq was up by 0.55 percent. Despite the wider market optimism, 10 companies managed to register declines, predominantly due to investors exercising caution coupled with companies' dismal earnings performance during the past quarter. In this article, we have identified Tuesday's 10 worst-performing stocks and detailed the reasons behind their drop. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. A close-up of a semiconductor component, highlighting its complex design. NXP Semiconductors N.V. (NASDAQ:NXPI) NXP Semiconductors saw its share prices fall by 6.94 percent on Tuesday to end at $182.62 apiece as investor sentiment was dampened by its dismal earnings performance and its chief executive's decision to step down. In its latest earnings release, NXP Semiconductors N.V. (NASDAQ:NXPI) said that net income attributable to shareholders for the first quarter of the year fell by 23 percent to $490 million from $639 million year-on-year, while revenues were down by 9 percent to $2.8 billion from $3.1 billion in the same comparable period. In the same statement, NXP Semiconductors N.V. (NASDAQ:NXPI) said that its president and CEO, Kurt Sievers, has stepped down to pursue retirement. He was replaced by Rafael Sotomayor as president effective April 28, 2025. 'Rafael has been an integral part of creating and shaping NXP's strategy and enabling the company's success. We are confident he is ideally suited to assume the role of President and CEO at NXP, and to execute the company's vision for leadership in the intelligent systems at the edge within the Automotive and Industrial & IoT end markets,' the company said. Overall, NXPI ranks 3rd on our list of companies that were heavily sold down. While we acknowledge the potential of NXPI as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than NXPI but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
30-04-2025
- Business
- Yahoo
Latest News In AI Chips - AI Revolution MediaViz Enhances Image Processing Power
MediaViz AI has launched its most advanced platform, enhancing the capabilities and efficiency of AI-driven media curation and analysis. The platform boasts features including accelerated processing speeds of 60,000 images per hour per AI node and innovative similarity detection for managing large image sets. These advancements aim to streamline business workflows, reduce costs, and offer deeper insights into media by leveraging human-centric AI models. The integrated API supports seamless AI integration, empowering businesses to automate processes and make strategic decisions based on visual data. In other market news, was a notable mover up 3.4% and finishing the session at CN¥76.82. At the same time, trailed, down 6.9% to end the day at $182.62. NXP announced on Monday that Rafael Sotomayor, previously executive vice president, will succeed Kurt Sievers as CEO after Sievers' retirement in October. NXP Semiconductors is rapidly expanding in automotive electrification to boost future revenues. Click through to explore the detailed narrative on NXP's strategic positioning. For more on AI Chips and their market dynamics, don't miss our Market Insights article on DeepSeek's R1 model's disruptive impact—time is of the essence! finished trading at $109.02 up 0.3%. Trend Micro announced new AI-powered threat detection capabilities built on NVIDIA technology two days ago. ended the day at $96.06 down 0.3%. This week, AMD presented at the OCP EMEA Summit in Dublin, highlighting insights from Chief Firmware Architect Raj Kapoor. ended the day at $20.34 down 0.8%. On Tuesday, Intel collaborated with Equus Compute Solutions and Arqit Quantum to introduce a quantum-safe architecture for secure mobile communications. Dive into all 47 of the AI Chip Stocks we have identified, like Tokyo Electron, LONGi Green Energy Technology and GlobalFoundries, right here. Seeking Other Investments? This technology could replace computers: discover the 21 stocks are working to make quantum computing a reality. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sources: Simply Wall St "MediaViz AI Launches AI Platform for Unmatched Media Curation and Analysis" from MediaViz AI on GlobeNewswire (published 29 April 2025) Companies discussed in this article include SHSE:688008 NasdaqGS:NVDA NasdaqGS:AMD NasdaqGS:INTC and NasdaqGS:NXPI. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Time of India
29-04-2025
- Business
- Time of India
NXP's CEO to retire this year, insider Sotomayor to take over
NXP Semiconductors NV said on Monday CEO Kurt Sievers would retire by the end of the year, and insider Rafael Sotomayor would succeed him. Shares of the company fell more than 7% in extended trading following underwhelming forecast and beat. Sotomayor will take on the role of the president effective Monday, and will become the CEO in October. NXP forecast second-quarter revenue slightly above Wall Street expectations, while posting quarterly revenue that beat estimates by a small margin. "We are operating in a very uncertain environment influenced by tariffs with volatile direct and indirect effects," Sievers said in a statement. NXP provides manufacturers with chips and other technology essential for high-speed digital processing utilized in sectors like automotive, manufacturing, telecommunications and the Internet of Things (IoT). The Eindhoven, Netherlands-based firm expects second-quarter revenue in the range of $2.8 billion to $3 billion, with a midpoint that is above analysts' average estimate of $2.87 billion, according to data compiled by LSEG. For the first quarter ended March 30, NXP posted revenue of $2.84 billion, compared to an estimate of $2.83 billion. Revenue from its communication and infrastructure segment fell 21% to $315 million in the quarter. Its chips are also used by firms in the industrial and mobile phone industries. Industrial and IoT revenue fell 11%, while the automotive segment fell 7%. NXP, which is the biggest maker of computer chips for cars, said in February it would acquire AI firm Kinara in an all-cash deal valued at $307 million.
Yahoo
28-04-2025
- Business
- Yahoo
NXP Announces New CEO, Warns of ‘Very Uncertain Environment'
(Bloomberg) — announced a new chief executive officer as part of its quarterly earnings report and warned that the chipmaker was navigating 'a very uncertain environment' due to tariffs. Newsom Says California Is Now the World's Fourth-Biggest Economy NYC's Congestion Toll Raised $159 Million in the First Quarter New York City Transit System Chips Away at Subway Fare Evasion At Bryn Mawr, a Monumental Plaza Traces the Steps of Black History The Last Thing US Transit Agencies Should Do Now CEO Kurt Sievers will retire from the company late this year, the Dutch chipmaker said in a statement on Monday. Rafael Sotomayor, a current NXP executive, will take the president role immediately — on the way to becoming the new CEO on Oct. 28. The shares tumbled more than 8% in late US trading. They had been down 5.6% this year through the close. As part of the report, NXP forecast that revenue will decline to $2.8 billion to $3 billion in the second quarter. That compares with an average analyst estimate of $2.86 billion, according to data compiled by Bloomberg. NXP and peers such as STMicroelectronics NV and Infineon Technologies AG have struggled with weak demand for mature chips used in electric cars or smartphones. Customers are still working through stockpiles of semiconductors they accumulated after the Coronavirus pandemic. Tariffs announced by US President Donald Trump threaten to add further upheaval to the industry, even as it shows signs of recovering. The company said it has a 'cautious optimism' that it can continue to navigate a challenging market. 'We are operating in a very uncertain environment influenced by tariffs with volatile direct and indirect effects,' NXP said. First-quarter revenue fell 9% to $2.84 billion, and adjusted diluted earnings per share in the period were $2.64 a share. Analysts had estimated $2.83 billion in sales and $2.60 a share in earnings. STMicro said last week that the first quarter represented the bottom of the market and forecast revenue in this period that was higher than analysts expected. Though tariffs have cast a pall over European chipmakers, the companies could benefit from a short-term boost in demand as customers place orders before potential new taxes are levied. For the year, European chipmakers including NXP 'might see meaningful risk,' Bloomberg Intelligence analyst Ken Hui wrote in a note this month. The Trump administration 'reciprocal' tariffs could turn global semiconductor-market growth negative in 2025, he said. Consensus expectations had been for more than 10% growth. Despite the downturn, NXP invested in acquisitions this year. The company agreed to buy Austrian software maker TTTech Auto for $625 million in January to develop more solutions for software-defined vehicles. NXP also announced the takeover of Kinara, a developer for processing units enabling AI applications, for $307 million in February. The departure of Sievers, who has been CEO since 2020, was 'a purely personal decision and is not related to any disagreement with the board,' NXP said. Sotomayor joined the company in 2014 from Broadcom Inc. (Updates with more from the report in eighth paragraph.) As More Women Lift Weights, Gyms Might Never Be the Same Why US Men Think College Isn't Worth It Anymore Healthy Sodas Like Poppi, Olipop Are Drawing PepsiCo's and Coca-Cola's Attention Eight Charts Show Men Are Falling Behind, From Classrooms to Careers The Mastermind of the Yellowstone Universe Isn't Done Yet ©2025 Bloomberg L.P. Sign in to access your portfolio
Bloomberg
28-04-2025
- Business
- Bloomberg
NXP Announces New CEO, Warns of ‘Very Uncertain Environment'
By Updated on Save NXP Semiconductors NV announced a new chief executive officer as part of its quarterly earnings report and warned that the chipmaker was navigating 'a very uncertain environment' due to tariffs. CEO Kurt Sievers will retire from the company late this year, the Dutch chipmaker said in a statement on Monday. Rafael Sotomayor, a current NXP executive, will take the president role immediately — on the way to becoming the new CEO on Oct. 28.
