President Biden Tweets “Folks, we need to make microchips here in America to bring down everyday costs and to create jobs. That’s what the CHIPS and Science Act does.”
https://twitter.com/POTUS/status/1568324611984736256
10 Information Technology Stocks Whale Activity In Today’s Session
This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Key Takeaways From Rosenblatt’s View On Chipmakers’ Earnings
Rosenblatt analyst Kevin Cassidy highlighted some key takeaways from last week's semiconductor earnings.
Last week's earnings reports made it clear that companies exposed to the higher-end of markets saw their earnings holding up better.
$100 Invested In This Stock 5 Years Ago Would Be Worth $200 Today
STMicroelectronics (NYSE:STM) has outperformed the market over the past 5 years by 7.31% on an annualized basis producing an average annual return of 18.18%. Currently, STMicroelectronics has a market capitalization of $35.38 billion.
Looking Into STMicroelectronics’s Recent Short Interest
STMicroelectronics's (NYSE:STM) short percent of float has risen 65.85% since its last report. The company recently reported that it has 6.11 million shares sold short, which is 0.68% of all regular shares that are available for trading.
STMicroelectronics: Q2 Earnings Insights
STMicroelectronics (NYSE:STM) reported its Q2 earnings results on Thursday, July 28, 2022 at 01:00 AM.
Here's what investors need to know about the announcement.
‘CHIPS: Senate has cleared 60 vote threshold to end debate on semiconductor bill. Smooth sailing in Senate from here’ -Bloomberg Reporter
https://twitter.com/elwasson/status/1551956507809312770https://twitter.com/elwasson/status/1551956507809312770
Volkswagen, STMicroelectronics Collaborate To Counter Auto Chip Crisis
Volkswagen AG (OTC:VWAGY) software unit CARIAD and STMicroelectronics N.V. (NYSE:STM) collaborated to develop a new semiconductor. The financial terms of the transaction remain…