Latest news with #semiconductor
Yahoo
a day ago
- Business
- Yahoo
Why Navitas Followed Last Week's Monster Gain With Another This Week
Navitas rallied again this week after raising more money. Normally equity raises cause a stock to go down, so why was this one different? Navitas was able to sell stock at much higher prices on the heels of last week's Nvidia partnership announcement. 10 stocks we like better than Navitas Semiconductor › Shares of Navitas Semiconductor (NASDAQ: NVTS) rallied as much as 59.2% this week, before settling into a 22.2% gain through Thursday trading, according to data from S&P Global Market Intelligence. Navitas rocketed roughly 150% last week on the back of an announcement that its gallium nitride (GaN) and silicon carbide (SiC) chips would be used in Nvidia's next-generation Kyber data center infrastructure, which will house the upcoming Nvidia Rubin systems set to hit the market in 2027. This week, Navitas followed up that gain by selling stock at those newly high prices. While news of shareholder dilution is normally a negative for a stock, in this case, investors cheered the capital raise, as it now de-risks this small-cap company. On Tuesday, May 27, Navitas filed with the Securities and Exchange Commission (SEC) for an at-the-market stock sale program, in which it could sell stock to raise money on the open market through Jefferies investment bank, for up to $50 million. In the filing, Navitas also disclosed that it had exhausted its prior $50 million program. Normally, raising money through selling stock would cause a negative reaction from the market; however, it appears investors are cheering Navitas raising cash, which will extend the company's runway to when the Kyber systems will begin to be implemented. In the previous quarter, Navitas saw its revenue decline 40%, with operating losses of $25.3 million. The company also had just $75 million in cash on the balance sheet. So, raising cash at better prices appeared to de-risk the near-term outlook. When a small company inks a big partnership with Nvidia, that's a recipe for a potential boom. However, it's unclear how much revenue Navitas is going to see from this partnership, or when. After all, Navitas was just one of several power chip providers named in the Kyber effort, per Nvidia's blog. Therefore, investors interested in high-upside, high-risk situations in the artificial intelligence sector should continue to follow this story. If anything, the power demands of next-generation AI chips appear to need SiC and GaN chips in greater amounts, expanding Navitas' end market beyond electric vehicles. Before you buy stock in Navitas Semiconductor, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Navitas Semiconductor wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $638,985!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $853,108!* Now, it's worth noting Stock Advisor's total average return is 978% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Billy Duberstein and/or his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Jefferies Financial Group and Nvidia. The Motley Fool has a disclosure policy. Why Navitas Followed Last Week's Monster Gain With Another This Week was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Ambarella First Quarter 2026 Earnings: Beats Expectations
Revenue: US$85.9m (up 58% from 1Q 2025). Net loss: US$24.3m (loss narrowed by 36% from 1Q 2025). US$0.58 loss per share (improved from US$0.93 loss in 1Q 2025). Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 8.2%. Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in the US. Performance of the American Semiconductor industry. The company's shares are down 15% from a week ago. It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Ambarella, and understanding them should be part of your investment process. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) 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. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
2 days ago
- Business
- Bloomberg
TSMC Evaluates Building Advanced Chip Plant in the UAE
Taiwan Semiconductor Manufacturing Co. is evaluating building an advanced production facility in the United Arab Emirates and has discussed the possibility with officials in President Donald Trump's administration, according to people familiar with the matter, a potentially major bet on the Middle East that would only come to fruition with Washington's approval. The company has had multiple meetings in recent months with Steve Witkoff, the US special envoy to the Middle East, and officials from MGX, an influential investment vehicle overseen by the UAE president's brother, the people said. Those conversations are a continuation of talks that began under President Joe Biden's administration but had died down by the end of his term.
Wall Street Journal
3 days ago
- Business
- Wall Street Journal
Microchip Technology Narrows Outlook on Higher Bookings
Microchip Technology MCHP 1.13%increase; green up pointing triangle raised the low ends of its sales and earnings guidance for its fiscal first quarter, thanks to higher-than-expected bookings. The semiconductor provider now expects sales to be $1.045 billion to $1.07 billion in the quarter ending June 30, a tighter range than previous guidance of $1.025 billion to $1.07 billion.
South China Morning Post
4 days ago
- Business
- South China Morning Post
Chinese, EU semiconductor firms discuss supply-chain security amid ‘bullying'
Semiconductor representatives from China and Europe have come together at a government-hosted meeting in Beijing to explore deeper collaboration and enhance supply-chain resilience after the United States stepped up tech curbs on China. Advertisement Representatives from more than 40 companies in the semiconductor supply chain, both upstream and downstream, attended Tuesday's meeting, along with representatives from China's Ministry of Commerce (Mofcom), the China Semiconductor Industry Association, and the European Union Chamber of Commerce. 'At present, the security and stability of the global semiconductor production and supply chain are facing serious challenges,' the commerce ministry said in a statement on Tuesday. '[We] resolutely reject unilateralism and bullying practices.' The meeting took place as tensions between China and the US over microchips have recently escalated, with Beijing showing a strong determination not to cede any more ground in the stand-off. The meeting featured vows to safeguard the security and stability of the global semiconductor supply chain in which China and Europe are key players, the ministry statement said, adding that greater cooperation would serve both their interests. Advertisement China will continue to deepen high-level openness and 'provide a fair, stable, transparent, and predictable policy environment for enterprises', it said.
