Apple's $100 billion U.S. manufacturing investment will focus on components, not iPhone assembly, helping preserve profit margins and avoid price hikes, according to Gene Munster.
Eleven large-cap stocks were top performers last week. Did you invest? ASTS, VG, NBIS, CRWV, CRDO, ON, GWRE, PAAS, DG, MDB, FERG all saw significant gains.
The firm also highlighted that it is collaborating with companies like Apple, SpaceX, AMD, Qualcomm Technologies, NXP, and GM that are committed to reshoring semiconductor production to the U.S. and diversifying their global supply chains.
GlobalFoundries had a decent quarter, reverting to growth and guiding for acceleration in the current quarter, signalling a rebound for its stock price.
GlobalFoundries (GFS) reported Q1 2025 results with 2% revenue growth and 34 cents adjusted EPS, beating analyst estimates. CEO credits design wins and growth in various end markets. Q2 revenue and EPS expected to be lower than estimates. GFS stock down 0.36%.
Wall Street edged lower by midday Tuesday as uncertainty surrounding trade policies lingered, with investors adopting a cautious approach ahead of Wednesday’s Federal Reserve meeting.
Large-cap stocks had poor performance last week, including UnitedHealth Group, Global Payments, Applovin, Humana, DaVita, Meta Platforms, Yum China, CoreWeave, Burlington Stores, Super Micro Computer, and GlobalFoundries.
China's new chip origin rule spares U.S. designers like Nvidia, AMD, and Qualcomm from 125% tariffs by exempting Taiwan-fabricated chips, while penalizing U.S.-based manufacturers like Intel, GlobalFoundries, and Texas Instruments, reshaping the global semiconductor supply chain.
The brokerage called the Trump administration’s tariffs “convoluted and virtually impossible to assess completely,” largely because of the semiconductor industry’s complex supply chain.
GlobalFoundries Inc. may merge with United Microelectronics Corp., creating a viable alternative to Taiwan Semiconductor; deal faces Chinese regulatory hurdles.
BofA flagged that GlobalFoundries’ primary value add compared to its peers is its lack of exposure to China and Taiwan, which "might be negated" by a merger.
