Top Tweets for #globalchipmakers
#Breaking:
The #GlobalSelloff continued with European and Asian markets falling overnight as South Korea's #KOSPI turned negative for the year, Japan's Nikkei tumbled 5%, and European markets were dropping this morning. #GlobalChipMakers and semiconductors were falling after #Nvidia had the largest one-day drop for a single company ever yesterday, losing 9.5% following the Justice Department sending a subpoena to the chip maker as part of an antitrust investigation, and $NVDA was down more than 2% in the pre-market earlier.
#FuturesContracts:
The volume in the #ForexFutures is starting to switch to the December contracts, however; the #CurrencyFutures are not expected to rollover for another week or so.
The volume in #GasolineFutures is still shifting to the November contract and RBOB #Gasoline is expected to rollover to the "X" contract within the next week.
#EconomicCalendar:
Today we get #CanadaInterestRates announcement at 9:45am ET followed by the #BoCpressConference at 10:30am ET; There could be a possible #TenOclockReversal expected with both the monthly #JOLTSjobs report and #FactoryOrders reports at 10:00am ET; There is a $60 billion 4-month #TreasuryBillAuction at 11:30am ET, and the Fed releases the #BeigeBook at 2:00pm ET.
Before markets open tomorrow we get the monthly private #ADPjobs and #WeeklyClaims #JoblessClaims reports.
This week the weekly #CrudeOilInventories report is rescheduled until late tomorrow morning because of Monday's Labor Day #MarketHoliday.
#CorporateNews:
The stock price of #Volkswagen AG $VWAGY fell again yesterday after the German carmaker announced that it was considering closing factories in Germany for the first time in history as it faces stiff competition from electric vehicles, setting the stage for a showdown with powerful unions.
#CorporateEarnings:
After markets close C3ai $AI, Hewlett Packared, $HPE, and Casey's General Stores $CASY report second quarter results.
Semiconductor Supply Glut Improving; Demand from AI Slows Down
#AI #AIindustry #AIrelatedchips #artificialintelligence #Chinachippurchases #datacenterchipsales #economicchallenges #Electronics #generativeAIplatforms #Globalchipmakers #inventoryglut
https://t.co/P35WlLx959
Global chipmakers hunting for locations in India for new plants #GlobalChipmakers #Devices #Chips #Semiconductors #TaiwanSemiconductorManufacturingCo #DomesticChipProduction #IndianSemiconductorManufacturing #IncentivePlan #IndiaChipmakingHub #Samsung https://t.co/wHjvRUr1a4
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