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Regulatory

AMD

QCOM

QUALCOMM (QCOM) shares are rising in sympathy with Advanced Micro Devices (AMD) after AMD reported better-than-expected Q2 earnings. AMD's strong performance in the data center segment and positive revenue outlook for Q3 have positively impacted chip-related stocks. Additionally, a potential new Biden administration rule on foreign chip equipment exports to China is influencing the sector.

Portfolio Pulse from Dylan Berman

July 31, 2024 | 5:10 pm

Micron Technology Inc (NASDAQ:MU) shares are trading higher by 7.2% due to strong earnings from Advanced Micro Devices, Inc. (AMD) and potential exemptions from new export restrictions to China. This positive sentiment is lifting the entire semiconductor sector.

Portfolio Pulse from Henry Khederian

July 31, 2024 | 4:52 pm

Toyota Motor Corp (NYSE:TM) has received a correction order from Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) due to improper certification processes for seven car models. The investigation revealed extensive irregularities, leading to a demand for drastic reforms. Toyota has acknowledged the issue and plans to review its certification operations.

Portfolio Pulse from Shivani Kumaresan

July 31, 2024 | 4:49 pm

AMD

ASML

AVGO

MPWR

SMH

SOXX

UMC

Semiconductor stocks had their best session since February, driven by strong earnings and reduced concerns over chip export restrictions to China. Key ETFs and stocks like SOXX, SMH, AMD, and ASML saw significant gains.

Portfolio Pulse from Piero Cingari

July 31, 2024 | 4:47 pm

CNSP

CNS Pharmaceuticals has requested the withdrawal of its registration statement filed on June 10, 2024. The company confirmed that no securities were sold and is seeking a fee credit for future filings.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 4:34 pm

AAPL

ICLN

MSFT

An analyst expects stocks to surge following the Federal Reserve's interest rate decision on Wednesday. While the Fed is expected to keep rates unchanged, the possibility of a rate cut in September could boost stock prices. Big tech companies like Microsoft and Apple have performed well despite higher rates, while the iShares Global Clean Energy ETF (ICLN) has struggled.

Portfolio Pulse from Aaron Bry

July 31, 2024 | 4:29 pm

SPY

Senate Commerce Chair Cantwell is set to propose legislation on Thursday that will require the FAA to implement Safety Management Systems. This move aims to enhance aviation safety standards.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 4:18 pm

AMD

AMKR

AVGO

FORM

HPE

LSCC

MKSI

MPWR

NXPI

OLED

PSTG

TER

WDC

Shares of semiconductor, hardware, storage, and chip-related stocks are trading higher following AMD's strong Q2 earnings report. Additionally, reports of a new Biden administration rule on foreign chip equipment exports to China, potentially exempting Japan, the Netherlands, and South Korea, are also contributing to the sector's rise.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 4:03 pm

AMD

ASML

ASML Holding N.V. (NASDAQ:ASML) shares are trading higher following reports that the Biden administration's new rule on foreign chip equipment exports to China would exempt Japan, the Netherlands, and South Korea. This exemption allows ASML to remain unaffected by the planned export restrictions. Additionally, the broader semiconductor sector is up after Advanced Micro Devices, Inc. (NASDAQ:AMD) reported strong Q2 results.

Portfolio Pulse from Erica Kollmann

July 31, 2024 | 3:43 pm

SPY

Senator Elizabeth Warren has urged Federal Reserve Chairman Jerome Powell to cut interest rates this week, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 3:41 pm