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Chipsector

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Intel Macs Phase Out as Apple Moves to New Operating Systems

Originally Published 7 months ago — by TipRanks

Intel's stock surged over 8% after reports indicated that support for Intel processors in Apple Macs will end with the new MacOS Tahoe, marking the conclusion of Apple's five-year migration from Intel to its own processors. Despite this, Intel's shares gained due to positive developments in US-China trade talks and Department of Defense cybersecurity initiatives. However, analysts maintain a cautious outlook with a hold consensus and a modest downside risk, reflecting ongoing challenges for Intel.

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"ASML Faces Export Block to China, Rattling Chip Industry and Stock Prices"

Originally Published 2 years ago — by MarketWatch

The semiconductor sector experienced a widespread selloff, with the VanEck Semiconductor ETF dropping 3.3% and all of its 25 components declining. This downturn follows a significant gain in 2023, where the ETF surged 72.3%. Leading the selloff were shares of AMD, Intel, and ASML, with AMD's shares falling 6.1%, Intel's by 4.8%, and ASML's by 4.8% after being blocked from exporting some equipment to China. Despite the selloff, Nvidia Corp. had an outstanding 2023, with its stock increasing by 238.9%.

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