Cointime

Cointime

Download App
iOS & Android
Home / Point

US Premarket: Philadelphia Semiconductor Index Extends Gains, Intel Leads

On July 31, against the backdrop of robust earnings from Microsoft and Amazon significantly boosting AI capital expenditure and demand expectations, the Philadelphia semiconductor sector continued its sharp rebound from the previous day in premarket trading, with memory chips and logic chips performing particularly well. As of the time of writing, Intel was up about 6.0%, AMD up about 4.0%, Micron Technology up about 3.5%, Marvell up about 2.0%, NVIDIA up about 2.0%, Lam Research up about 1.8%, Applied Materials up about 1.5%, TSMC up about 1.5%, KLA up about 1.2%, and Broadcom up about 1.0%.

Comments

All Comments

Recommended for you

  • WTI crude oil rises 2.00% intraday, now at $84.31/barrel

    WTI crude oil rose 2.00% intraday, now reported at $84.31/barrel. (Jin Shi)

  • Sources: U.S. Treasury Tells Banks It May Intervene in Yen Market on Friday

    July 31, according to market sources, informed sources revealed that the U.S. Treasury has notified banks that it may intervene in the yen market on Friday. (Jin Shi)

  • USD/JPY plunges about 100 pips in short term, US may intervene in forex market

    On July 31, the USD/JPY pair plunged about 100 pips in the short term before slightly rebounding, now reporting 159.61. The US dollar index DXY fell more than 15 points in the short term, now reporting 100.2. Earlier reports said that the US Treasury has notified banks that it may intervene in the yen market on Friday and asked banks to prepare for "future actions."

  • Fed Dissenters: Rate Hikes Needed to Curb Stubborn Inflation

    On July 31, this week, two Federal Reserve officials voted against the decision to hold interest rates steady and warned that if they act too slowly in tackling inflation, they may later be forced to take more aggressive policy measures. Cleveland Fed President Hammack said in a statement on Friday: 'The longer high inflation persists, the more difficult and costly it may become to bring it back down.' Minneapolis Fed President Kashkari said in another statement that he 'would prefer to gradually tighten policy while further data on inflation and employment trends come in' to address the risk of persistently high inflation. Both Fed officials noted that the factors currently driving inflation include multiple supply shocks. Hammack said she sees pressure on the demand side of the economy as well. Kashkari said the Fed's policy tools can effectively address supply-side inflation, just as they did in the late 1970s and early 1980s. He and Hammack both noted that the overall economy remains strong, with unemployment at a low level. (Jin Shi)

  • Cleveland Fed President Hammack: Not Convinced Inflation Will Reach 2% on Its Own

    On July 31, Cleveland Fed President Hammack stated that the current policy stance is not restrictive enough. Inflationary pressures are not solely driven by supply-side factors. She is not convinced that inflation will return to 2% on its own. The longer inflation remains elevated, the higher the cost of bringing it down.

  • Brent Crude Oil Rises Above $88 per Barrel, Up 1.30% Intraday

    On July 31, Brent crude oil stood above $88 per barrel, up 1.30% intraday.

  • Circle Receives Trust Charter from New York State Department of Financial Services

    On July 31, Circle received a trust charter from the New York State Department of Financial Services.

  • Space-Eyes to Go Public via $638 Million SPAC Deal

    Market news: Sources reveal that defense technology company Space-Eyes, backed by Donald Trump's son Eric Trump, will go public through a $638 million special purpose acquisition company (SPAC) deal. (Jin10)

  • Report: US and Israel Discuss Possible Land Blockade on Iran

    On July 31, according to The Daily Telegraph, the United States and Israel are discussing the possibility of imposing a land blockade on Iran. The proposal is one of several options being considered by Trump and Netanyahu, aimed at further increasing economic pressure on Iran. The plan could require the US and Israel to pressure Iran's neighboring countries and regional partners to tighten or even close border crossings, restricting Iran's import and export trade flows. Retired three-star Lieutenant General Sean MacFarland said that although a land blockade is "almost impossible to achieve," "if you deprive Iran of the ability to trade... then you are economically isolating it. That is the way to make them capitulate. Economic means are the most straightforward approach, but they must include a military action component." Iran borders Iraq, Turkey, Pakistan, Afghanistan, Turkmenistan, Armenia, and Azerbaijan, which means US and Israeli leaders would have to persuade these countries to cooperate, many of which are not their allies. A land blockade on Iran could target key border crossings, such as Incheh Borun and Sarakhs-Sarakhs, which connect Iran and Turkmenistan.

  • GigaDevice Plans to Repurchase Shares for 1-2 Billion Yuan

    On July 31, GigaDevice announced that within 6 months from the date the shareholders' meeting approves the share repurchase plan, it intends to repurchase company shares for 1 billion to 2 billion yuan, with a maximum repurchase price not exceeding 750 yuan per share. The funds for the repurchase will come from the company's own funds and/or self-raised funds.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company