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Qualcomm

Qualcomm

$QCOM
NASDAQSemiconductors

117 stories mentioning QualcommUpdated 3d ago

In focus as BofA sees agentic AI boosting CPU demand for ARM-based players, while a semiconductor sell-off on Iran tensions pressured chip names.

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Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.

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Wire

Qualcomm's Amazon Deal Supports AI Growth Outlook, RBC Says

Qualcomm (QCOM) could gain a stronger position in the data center AI segment through Amazon's (AMZN) agreement to buy the company's server chip products, RBC Capital Markets said in a note emailed Wednesday.Still, the pace of future orders remains uncertain because Amazon works with several chip suppliers, RBC cautioned.The strategic collaboration includes Amazon buying server chips, technology, systems and manufacturing services under programs covering custom chips and optical connectivity, RBC said.The investment firm said the deal could eventually represent about $6 billion in additional annual revenue over 10 years if all conditions are met, compared with Qualcomm's prior data center revenue targets of about $300 million for fiscal 2026 and $5 billion for fiscal 2027, which have not moved.Qualcomm's unchanged forecasts suggest much of the Amazon agreement may already have been included in Qualcomm's earlier plans, but identifying Amazon as one of its two large cloud customers still gives RBC more confidence in future demand, according to the note.RBC raised its price target for Qualcomm to $180 from $160 while keeping its sector perform rating, saying it wants to see stronger evidence that shipment volumes are increasing.Price: $174.18, Change: $+0.09, Percent Change: +0.05%

$QCOM
Sectors

Sector Update: Tech Stocks Rise Late Afternoon

Tech stocks were higher late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) up 0.4% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1%. The Philadelphia Semiconductor index climbed up 1.5%.In corporate news, Intel (INTC) is expected to raise personal computer central processing unit prices by another 10% in early October, Digitimes reported, citing supply chain sources. Intel shares jumped past 9%.Palantir (PLTR) and Nebius (NBIS) agreed on a strategic partnership that will give Palantir commercial customers access to Nebius' AI-native compute infrastructure and cloud platform, the companies said Tuesday. Nebius shares gained past 7%, and Palantir was down 2.4%.Soluna (SLNH) shares popped past 5% after the company said it has energized the final 14 megawatts at Project Kati 1 in Willacy County, Texas, completing the 83-megawatt site.Qualcomm (QCOM) issued a warrant to an Amazon.com (AMZN) affiliate last week to acquire up to 25 million shares at $161.26 each, the chipmaker said. Qualcomm is also collaborating with Amazon to produce customized silicon for AI data centers and optical connectivity products. Qualcomm shares rose 2.4%, and Amazon was shedding 0.6%.

$AMZN$INTC$NBIS$PLTR$QCOM$SLNH
Wire

Update: Market Chatter: Intel May Raise PC CPU Prices Another 10% in October; Shares Rise in Afternoon Trading

(Updates with recent stock movement in headline and first paragraph.)Intel (INTC) shares were up 9.5% in afternoon trading on Tuesday after a Digitimes report citing supply chain sources that the company is expected to raise PC CPU prices by another 10% in early October.Intel has already raised prices several times since late 2025, including about 10% in Q1 of 2026 and a further increase in July, with some consumer and server CPUs rising by dozens of dollars to more than $1,000, the sources reportedly said.Intel may also phase out some low-margin small-core chips, potentially opening opportunities for Arm-based rivals Qualcomm (QCOM) and MediaTek in industrial PCs, edge computing and IoT, Digitimes reported.Intel did not respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $104.94, Change: $+9.14, Percent Change: +9.54%

$INTC$QCOM
Sectors

Sector Update: Tech Stocks Gain Tuesday Afternoon

Tech stocks were higher Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) up 0.5% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.4%.The Philadelphia Semiconductor index climbed up 1.7%.In corporate news, Intel (INTC) is expected to raise personal computer central processing unit prices by another 10% in early October, Digitimes reported, citing supply chain sources. Intel shares jumped past 10%.Palantir (PLTR) and Nebius (NBIS) agreed on a strategic partnership that will give Palantir commercial customers access to Nebius' AI-native compute infrastructure and cloud platform, the companies said Tuesday. Nebius shares surged 11%, and Palantir was down 1.3%.Qualcomm (QCOM) issued a warrant to an Amazon.com (AMZN) affiliate last week to acquire up to 25 million shares at $161.26 each, the chipmaker said. Qualcomm is also collaborating with Amazon to produce customized silicon for AI data centers and optical connectivity products. Qualcomm shares rose 3.3%, and Amazon was shedding 0.6%.GE Aerospace (GE) agreed to acquire Consolidated Precision Products from Warburg Pincus and Berkshire Partners for $11.75 billion. GE Aerospace shares were up 0.3%.

$AMZN$GE$INTC$NBIS$PLTR$QCOM
Qualcomm to Supply Customized AI Chips to Amazon Web Services' Data Centers
US Markets

Qualcomm to Supply Customized AI Chips to Amazon Web Services' Data Centers

Qualcomm (QCOM) will provide custom-built chips and high-speed optical connectivity for the artificial intelligence data centers of Amazon's (AMZN) cloud computing division as part of a collaboration, the companies said Tuesday.In connection with the partnership, the semiconductor giant issued a warrant to Amazon to acquire up to 25 million Qualcomm common shares at an exercise price of $161.26 per share, according to a regulatory filing.Qualcomm shares were up 3.7% in Tuesday afternoon trade, while Amazon edged down 0.4%."As AI demand accelerates, data center infrastructure will require advances in both computing and connectivity to deliver greater performance with more efficiency," Qualcomm Chief Executive Cristiano Amon said in a statement. "Qualcomm is pleased to work with (Amazon Web Services) on customized silicon and connectivity solutions."The warrant allows for cashless exercise and is scheduled to expire Sept. 3, 2036, Qualcomm said in the filing. The warrant shares vest in tranches related to the execution of certain commercial arrangements and purchases of QTI's server chip products, technology, systems and manufacturing services by Amazon, up to a maximum amount of $60 billion in payments, according to the filing.In June, Qualcomm -- which has historically been known for designing and producing mobile phone chips -- said that it was accelerating its diversification roadmap to include AI data centers. The company said at the time it was aiming for more than $15 billion in data center revenue by fiscal 2029."By working together on customized silicon and advanced connectivity, we're delivering more performant, efficient, and cost-effective infrastructure for our customers," Prasad Kalyanaraman, vice president AWS, said Tuesday.Amazon and other hyperscalers are spending huge sums to expand their AI infrastructure footprints globally amid growing demand for AI and cloud services. In July, Amazon raised its full-year capital expenditures outlook to roughly $220 billion from $200 billion, driven by higher memory costs.Last month, chip designer Marvell Technology (MRVL) entered into a deal that would allow Alphabet's (GOOG, GOOGL) Google to purchase up to $12.18 billion of Marvell shares as part of a collaboration. That deal also involved the issuance of a warrant.As part of what it described as a "multi-generational product collaboration" with the e-commerce giant, Qualcomm said Tuesday intends to "deepen" its use of AWS AI infrastructure in designing chips.In June, Qualcomm agreed to acquire software infrastructure firm Modular in a roughly $3.92 billion deal in a bid to bolster its ability to deliver a more optimized AI compute layer.Price: $175.23, Change: $+6.49, Percent Change: +3.85%

$AMZN$GOOG$GOOGL$MRVL$QCOM
Wire

Top Midday Stories: GE Aerospace to Acquire Consolidated Precision Products; Qualcomm Issues Share Warrant to Amazon

All three major US stock indexes fell in late-morning trading Tuesday as oil prices climbed and investors monitored developments in the US-Iran war and US trade negotiations with Canada.In company news, GE Aerospace (GE) agreed to acquire Consolidated Precision Products from Warburg Pincus and Berkshire Partners for $11.75 billion. GE shares rose 0.5% around midday.Qualcomm (QCOM) issued a warrant to an Amazon.com (AMZN) affiliate last week to acquire up to 25 million shares at $161.26 each, the chipmaker said. Qualcomm is also collaborating with Amazon to produce customized silicon for large-scale AI data centers and optical connectivity products. Qualcomm shares rose 4.6%, and Amazon fell 0.5%.Novartis (NVS) said its phase 3 Harbor study evaluating delpacibart etedesiran in patients with myotonic dystrophy type 1 failed to meet its primary endpoint of video hand opening time. Separately, Monte Rosa Therapeutics (GLUE) will receive a $50 million milestone payment from Novartis after initiating a phase 2 clinical trial of MRT-6160 to treat Sjogren's disease. Novartis shares slumped 13%, and Monte Rosa rose 1.7%.Boston Scientific (BSX) identified a cybersecurity incident affecting certain information technology systems that resulted in a global disruption of its operations. The company expects to recover part of the affected revenue but said it is unlikely to meet its net sales growth and adjusted EPS guidance ranges for Q3 and the full year. Boston Scientific shares fell 4.6%.Meta Platforms (META) has run over 300 paid advertisements allegedly containing child sexual abuse material this year, according to an investigation by the Tech Transparency Project, a nonprofit watchdog organization. Hours after TTP shared its findings with the company, Meta removed about 150 of the ads that were still visible in its database of advertising that has run on its platforms, the group said. Meta shares were little changed.Amgen (AMGN) said its phase 3 DeLLphi-305 study met its primary endpoint with Imdelltra in combination with AstraZeneca's (AZN) Imfinzi, showing a statistically significant and clinically meaningful improvement in overall survival in patients with extensive-stage small cell lung cancer. Amgen shares still fell 9.6%, and AstraZeneca dropped 0.9%.Price: $338.76, Change: $+1.63, Percent Change: +0.48%

$AMGN$AMZN$AZN$BSX$GE$GLUE$META$NVS$QCOM
Wire

Qualcomm, Humain Launch Horizon Ultra AI PC

Qualcomm (QCOM) and Humain said Monday they have launched Horizon Ultra, a next-generation AI personal computer, at LEAP 2026, bringing AI to the device.The device is powered by Snapdragon X2 Elite platform, they said in a statement, adding that the first release will run Microsoft Windows and be available for enterprise purchase from Sept. 20.In 2027, the line's next iteration will introduce Humain OS, extending its AI capabilities into the personal computing layer, according to the statement.Price: $168.36, Change: $+4.17, Percent Change: +2.54%

$QCOM
Insider Trading

Qualcomm Insider Sold Shares Worth $470,528, According to a Recent SEC Filing

Heather S Ace, Executive Vice President, Chief Human Resources Officer, on August 03, 2026, sold 3,200 shares in Qualcomm (QCOM) for $470,528. Following the Form 4 filing with the SEC, Ace has control over a total of 36,535 common shares of the company, with 36,535 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/804328/000080432826000090/xslF345X05/edgardoc.xml

$QCOM
Wire

Astera Labs, GlobalFoundries Positioned for Long-term AI Growth, Morgan Stanley Says

Astera Labs (ALAB) and GlobalFoundries (GFS) remain well positioned for artificial intelligence infrastructure growth despite near-term execution risks, Morgan Stanley said in a note Monday.Astera Labs is scheduled to report earnings after the market closes on Tuesday. The biggest near-term driver is the anticipated H2 ramp of the Trainium 3 Scorpio switch, which is expected to support another quarter of revenue upside and higher guidance, the investment bank said.The bank said it expects Astera Labs' revenue to grow 17.4% in Q2 sequentially and 12% in Q3, with room for modest upside as Scorpio-X shipments accelerate. This quarter, key focus areas are new design wins, customer diversification beyond Amazon, and gross margins, which could face short-term pressure from higher product investments and non-cash customer warrant expenses.Qualcomm's (QCOM) recent results suggest a more cautious outlook for GlobalFoundries' mobile business. Qualcomm guided below consensus, partly because it expects a lower share of the iPhone 18, which could reduce GFS's RF content in Apple (AAPL) devices. Since Qualcomm accounted for 15% of GFS's revenue last year, this creates some near-term risk for GFS's smartphone segment, according to the note.The bank said AI and manufacturing reshoring remain important focus areas, and that it will be looking for updates on customer demand in both areas later this week.Morgan Stanley raised its price target on Astera Labs to $335 from $240, while lowering the price target on GlobalFoundries to $57 from $65.Price: $310.08, Change: $-1.15, Percent Change: -0.37%

$AAPL$ALAB$GFS$QCOM
Asia Markets

Update: US Equity Futures Rise Pre-Bell Amid Latest Big Tech Earnings, Fed Rate Decision

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were higher pre-bell Thursday as traders took note of the Federal Reserve's decision to leave interest rates unchanged, as well as the latest round of earnings from major tech players Microsoft (MSFT) and Meta Platforms (META).Dow Jones Industrial Average futures were 0.4% higher, S&P 500 futures were up 0.6%, and Nasdaq futures were 1.5% higher.The Fed held its policy rate steady in a divided decision, as three officials called for policy tightening. The Federal Open Market Committee maintained the target range for the federal funds rate at 3.50% to 3.75%, marking its fifth consecutive pause. The committee reiterated its pledge to "deliver price stability" as inflation remained above the 2% target amid supply shocks.Late Wednesday, Microsoft reported higher fiscal Q4 adjusted earnings and revenue, while Meta posted a decline in earnings and higher revenue for Q2.Apple (AAPL) is expected to report its fiscal Q3 earnings after the market closes. Analysts polled by FactSet expect earnings of $1.89 per share on revenue of $109.04 billion.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.1% at $87.12 per barrel and US West Texas Intermediate crude 0.8% lower at $83.80 per barrel.The June core personal consumption expenditures price index, the Federal Reserve's preferred inflation gauge, released at 8:30 am ET, slowed to 0.1% from a pace of 0.3% in the prior month and the expected 0.2% increase in estimates compiled by Bloomberg.Initial jobless claims rose to 197,000 in the week ended July 25 from an upwardly revised 188,000 level in the previous week, compared with expectations for an increase to 200,000. Q2 GDP growth was recorded at a 1.5% annual rate, compared with expectations for 2%.In other world markets, Japan's Nikkei closed 0.7% higher, Hong Kong's Hang Seng ended 0.2% higher, and China's Shanghai Composite finished 0.6% lower. Meanwhile, the UK's FTSE 100 was up 0.4%, and Germany's DAX index was 0.3% higher in Europe's early afternoon session.In equities, Microsoft shares rose 9% after the company's fiscal Q4 results topped expectations, driven by a revenue surge in cloud computing platform Azure. Lam Research (LRCX) stock was up 13% after the company posted better-than-expected fiscal Q4 adjusted earnings and revenue, as well as issued Q1 guidance that surpassed analysts' consensus. Arm (ARM) shares were 11% higher after the company reported a fiscal Q1 beat for adjusted earnings and revenue. Starbucks (SBUX) stock was up 4.4% after the company's fiscal Q3 adjusted earnings and revenue surpassed expectations and its fiscal 2026 adjusted EPS outlook was boosted.On the losing side, Meta stock was down nearly 10% after the company's Q2 earnings fell short of consensus estimates. Qualcomm (QCOM) shares fell 3.1% after the company reported lower fiscal Q3 adjusted earnings and revenue.

Dow JonesNasdaq CompositeS&P 500$AAPL$ARM$LRCX$META$MSFT$QCOM$SBUX
Japan

Update: US Equity Indexes Slide as Fed on Pause for Fifth Meeting; Investors Await Big Tech Results Amid Mounting Middle East Tensions

(Updates with index/price moves and Federal Reserve/geopolitical news from the first paragraph.)US equity indexes sank after the Federal Reserve left interest rates unchanged and as Iran's surprise missile attack on regional neighbors escalated war tensions ahead of Big Tech quarterly results post-bell.The Dow Jones Industrial Average sank 2.2% to 51,610.9, with the Nasdaq Composite down 1.2% to 24,577.4 and the S&P 500 lower by 1.2% to 7,339.1 ahead of Wednesday's close. All sectors except energy, communication services, and consumer staples declined. Industrials, financials, and utilities led the steepest decliners.Microsoft (MSFT), Meta Platforms (META), Lam Research (LRCX), Arm (ARM), and Qualcomm (QCOM) will report earnings after the bell on Wednesday, and investors will focus on what these companies will say about capital expenditures related to artificial intelligence and the state of free cash flows.The Fed held its policy rate steady in a divided decision, as three officials called for policy tightening. The Federal Open Market Committee maintained the target range for the federal funds rate at 3.50% to 3.75%, marking its fifth consecutive pause. Ahead of the decision, UBS Securities projected three dissenting votes as a base case. The committee reiterated its pledge to "deliver price stability" as inflation remained above the 2% target amid supply shocks.President Donald Trump said Iran will be hit hard, according to Fox News, after the US Central Command joined Saudi Arabian Armed Forces to conduct strikes in Iraq against Iran-aligned terrorists that the Islamic Revolutionary Guard Corps directed to attack US forces and Saudi energy infrastructure.The front-month US West Texas Intermediate jumped 6.8% to $84.63 a barrel, and global benchmark North Sea Brent surged 7.6% to $90.45 a barrel.US Treasury yields were mixed, with the 10-year up 5.3 basis points to 4.66% while the two-year dropped 4.6 basis points to 4.23%.

Dow JonesNasdaq CompositeS&P 500$ARM$LRCX$META$MSFT$QCOM$SMH
Asia Markets

Update: US Equity Indexes Slump Ahead of Fed Policy Moves, Big-Tech Results; Crude Oil Soars as Trump Vows to Hit Iran Hard

(Updates with index/price moves and Fed/company/geopolitical news from the first paragraph.)US equity indexes fell amid expectations of a tightening bias from the Federal Reserve and as Iran's surprise missile attack on regional neighbors escalated war tensions ahead of big-tech quarterly results post-bell.The Dow Jones Industrial Average declined 1.4% to 51,986.1, with the Nasdaq Composite down 0.7% to 24,697.2 and the S&P 500 lower by 0.7% to 7,376.8 after midday Wednesday. All sectors except energy, consumer staples, and consumer discretionary declined. Industrials, materials, and technology led the steepest decliners.Microsoft (MSFT), Meta Platforms (META), Lam Research (LRCX), Arm (ARM), and Qualcomm (QCOM) will report earnings after the bell on Wednesday, and investors will focus on what these companies will say about capital expenditures related to artificial intelligence and the state of free cash flows.Among companies with a market capitalization of more than $200 billion, eight of the 10 worst intraday performers were from the technology sector, according to data compiled by Finviz. VanEck Semiconductor ETF (SMH), with net assets of $77.2 billion, slumped 3.1% after midday.The Fed is likely to remain on hold at the 3.5% to 3.75% target range in its Wednesday policy announcement, according to the CME FedWatch tool. However, the probability that the target rate for fed funds will increase to 4.25%-4.5% in December jumped to 17% as of Wednesday afternoon from 9% a month ago, implying a significant tightening bias among some market participants.The tightening bias may have to be communicated more subtly through a more casual or veiled tone, Thierry Wizman, global foreign-exchange and rates strategist at Macquarie, said in a note. Alternatively, Fed Chair Kevin Warsh may have to accommodate the views of the more hawkish majority in his press conference on Wednesday by making his views more strident about promoting price stability "without delay," he said."And if that isn't enough, the more hawkish bias will spill out more forcefully in the comments and appearances by Fed officials in the days after today's FOMC meeting," Wizman said in the note. "But one way or another - including, perhaps, through dissent - the Fed's emerging tightening bias will find its way into the market today or the next few days."In geopolitical news, President Donald Trump said Iran will be hit hard, according to Fox News.The US Central Command said it joined Saudi Arabian Armed Forces to conduct strikes in Iraq against Iran-aligned terrorists that the Islamic Revolutionary Guard Corps directed to attack US forces and Saudi energy infrastructure.The front-month US West Texas Intermediate jumped 6.8% to $84.63 a barrel, and global benchmark North Sea Brent surged 7.6% to $90.45 a barrel.US Treasury yields jumped, with the 10-year up 3.5 basis points to 4.64% and the two-year higher by 4.5 basis points to 4.32%.In precious metal markets, gold futures were steady at $4,039.2, and silver futures rose 0.8% to $57.99.

Dow JonesNasdaq CompositeS&P 500$ARM$LRCX$META$MSFT$QCOM$SMH
Japan

Update: US Equity Indexes Slide Ahead of Warsh's Press Briefing, Big-Tech Results While Trump Vows to Hit Iran Hard

(Updates with index/price moves and Fed/company/geopolitical news from the first paragraph.)US equity indexes fell amid expectations of a tightening bias from the Federal Reserve and as Iran's surprise missile attack on regional neighbors escalated war tensions ahead of big-tech quarterly results post-bell.The Dow Jones Industrial Average slumped 1.6% to 51,891.2, with the Nasdaq Composite down 1.2% to 24,587.5 and the S&P 500 lower by 0.9% to 7,366.5.Microsoft (MSFT), Meta Platforms (META), Lam Research (LRCX), Arm (ARM), and Qualcomm (QCOM) will report earnings after the bell on Wednesday, and investors will focus on what these companies will say about capital expenditures related to artificial intelligence and the state of free cash flows.Among companies with a market capitalization of more than $200 billion, eight of the 10 worst intraday performers were from the technology sector, according to data compiled by Finviz. VanEck Semiconductor ETF (SMH), with net assets of $77.2 billion, slumped 3.1% after midday.The Fed is likely to remain on hold in the 3.5% to 3.75% target range in July, according to the CME FedWatch tool. However, the probability that the target rate for fed funds will increase to 4.25%-4.5% in December jumped to 17% as of Wednesday afternoon from 9% a month ago, implying a significant tightening bias among some market participants.In geopolitical news, President Donald Trump said Iran will be hit hard, according to Fox News.The US Central Command said it joined Saudi Arabian Armed Forces to conduct strikes in Iraq against Iran-aligned terrorists that the Islamic Revolutionary Guard Corps directed to attack US forces and Saudi energy infrastructure.The front-month US West Texas Intermediate jumped 7.2% to $84.93 a barrel, and global benchmark North Sea Brent surged 7.8% to $90.65 a barrel.

Dow JonesNasdaq CompositeS&P 500$ARM$LRCX$META$MSFT$QCOM$SMH
Stocks Mostly Up Pre-Bell Ahead of Fed Rate Decision, Big Tech Earnings
US Markets

Stocks Mostly Up Pre-Bell Ahead of Fed Rate Decision, Big Tech Earnings

The main US stock measures were mostly trending higher in Wednesday's premarket activity as traders await a major policy decision by the Federal Reserve and the latest quarterly results of two of the largest technology companies.The S&P 500 rose 0.2% and the Dow Jones Industrial Average edged up 0.1% before the opening bell, while the Nasdaq declined 0.1%. The S&P 500 and the Dow finished Tuesday trading in the green, with the latter recording its third consecutive day of gains, while the Nasdaq closed lower for the fifth straight session.The Fed's monetary policy committee will announce its latest decision on interest rates at 2 pm ET. The probability of the central bank leaving its benchmark lending rate unchanged stood at about 66% on Wednesday, with the remaining odds in favor of a quarter-percentage-point increase, according to the CME FedWatch tool.Fed Chair Kevin Warsh is expected to hold a press conference at 2:30 pm."The doves are optimistic that inflation could cool further into year-end as the impact of tariffs rolls off and energy prices stabilize," Stifel said in a report Tuesday. "The recent rise in tensions overseas, however, coupled with (artificial intelligence)-sector price pressures suggest further upside inflationary risks remain, shifting the pendulum back into the hawk's camp."Treasury yields were up in premarket action, with the two-year rate increasing 2.9 basis points to 4.31% and the 10-year rate adding 1.6 basis points to 4.62%.Iran's Islamic Revolutionary Guard Corps launched multiple ballistic missiles in "an attempted surprise attack" on US forces based in the Middle East, the US Central Command said in a Tuesday post on the X platform. "All Iranian missiles were successfully intercepted," according to CENTCOM.In a separate statement, CENTCOM said it launched joint strikes with the Saudi Arabian armed forces against "Iran-aligned terrorists" in Iraq on Tuesday.West Texas Intermediate crude oil inclined 3.7% to $82.03 a barrel before the open, while Brent advanced 3.7% to $87.16.Microsoft (MSFT) and Meta Platforms (META) are scheduled to release their latest financial results after the markets close, along with Arm Holdings (ARM), Qualcomm (QCOM) and Starbucks (SBUX).Procter & Gamble (PG), Amphenol (APH), General Dynamics (GD), Johnson Controls (JCI), Boston Scientific (BSX), Humana (HUM) and GE HealthCare Technologies (GEHC) post their earnings before the bell, among others.Shares of Visa (V) decreased 0.8% pre-bell after the payments company reported its fiscal third-quarter results. Ford Motor (F) gained 4.3% as the automaker lifted its full-year core profit outlook. Lucid Group (LCID) was down 0.8% following a 21% jump at the close of Tuesday as Saudi Prince Alwaleed Bin Talal Al Saud disclosed a 5% stake in the company.Wednesday's economic calendar also has the weekly mortgage applications bulletin at 7 am, followed by the EIA domestic petroleum inventories report at 10:30 am.Gold slipped 0.2% to $4,032 per troy ounce, while bitcoin rose 1.4% to $64,588.

Dow JonesNasdaq CompositeS&P 500$APH$ARM$BSX$F$GD$GEHC$HUM$JCI$LCID$META$MSFT$PG$QCOM$SBUX$V
Stocks Mostly Down Pre-Bell Amid Chip Sell-Off; Traders Await More Earnings
US Markets

Stocks Mostly Down Pre-Bell Amid Chip Sell-Off; Traders Await More Earnings

US equity futures were mostly tracking in the red on Tuesday amid a selloff in chip stocks over concerns about artificial intelligence financing, while traders await the latest batch of corporate earnings.The S&P 500 declined 0.2% and the Nasdaq fell 0.9% in premarket activity, while the Dow Jones Industrial Average edged up 0.1%. The indexes finished the previous trading session mixed.Shares of Nvidia (NVDA) were down 0.9% pre-bell after closing Monday with a nearly 5% decrease. The tech bellwether is reportedly in talks to provide a roughly $250 billion backstop for OpenAI as part of a data-center project, raising concerns about "circular financing," in which suppliers are also major investors in their customers.Sandisk (SNDK) slipped 7.2% while Intel (INTC) was off 4.1%. Marvell Technology (MRVL) shed 4.9% and Qualcomm (QCOM) declined 2.9%. Advanced Micro Devices (AMD) dropped about 4%.West Texas Intermediate crude oil declined 2.2% to $80.86 a barrel before the opening bell, while Brent slid 2.3% to $86.32.US President Donald Trump told Axios on Monday that the US is in "very deep talks" with Iran, though he said military action could resume if diplomacy fails. His remarks came as the US apparently halted strikes against Iran."While this is the first tangible signal of de-escalation, the reasons behind it are less clear," ING Bank said in a report on Monday. "There's little explanation from the US. Also, it hasn't yet led to any meaningful pickup in vessel flows through the Strait of Hormuz."Tehran's foreign ministry continued to hold discussions with Saudi Arabia and Oman on Tuesday over the future of the Strait of Hormuz, CNBC reported.Coca-Cola (KO), Boeing (BA), S&P Global (SPGI), United Parcel Service (UPS), Royal Caribbean Cruises (RCL), Sherwin-Williams (SHW) and PayPal (PYPL) are some of the major companies scheduled to report their latest financial results Tuesday. Visa (V), NXP Semiconductors (NXPI) and automaker Ford (F) are expected to release their earnings after the markets close.The Federal Reserve's monetary policy committee is set to kick off its meeting on interest rates today, with a decision due Wednesday. The probability of the central bank leaving its benchmark lending rate unchanged currently stands at 64%, with the remaining odds in favor of a quarter-percentage-point increase, according to the CME FedWatch tool.UBS Securities said Monday it expects three dissents as a base case, but won't be surprised to see two more pushing for a rate hike.Treasury yields were down in premarket action, with the two- and 10-year rates retreating 1.9 basis points each to 4.3% and 4.62%, respectively.Tuesday's economic calendar also has the international trade in goods data, as well as the retail and wholesale inventories reports, all for June, at 8:30 am ET. The Case-Shiller Home Price Index and the Federal Housing Finance Agency House Price Index, both for May, post at 9 am.The consumer confidence report for July is out at 10 am, along with the Richmond Fed manufacturing index for the same month.Gold moved down 1.4% to $4,021 per troy ounce, while bitcoin dropped 2.2% to $63,463.

Dow JonesNasdaq CompositeS&P 500$AMD$BA$F$INTC$KO$MRVL$NVDA$NXPI$PYPL$QCOM$RCL$SHW$SNDK$SPGI$UPS$V
Update: Wall Street Wavers as Oil Slides; Fed Decision, Major Earnings in Focus
US Markets

Update: Wall Street Wavers as Oil Slides; Fed Decision, Major Earnings in Focus

(Updates with market moves at the end of the day.)US stocks ended mixed in what turned out to be a choppy session on Monday as oil prices tumbled, with investors awaiting the Federal Reserve's monetary policy decision and major earnings releases.The Dow Jones Industrial Average rose 0.5% to 52,210.08, while the Nasdaq Composite edged down 0.2% to 24,932.08. The S&P 500 settled just above the flatline at 7,413.18. Most sectors were in the green, led by consumer staples, while energy saw the steepest decline.West Texas Intermediate crude oil was down 8% at $82.19 a barrel in Monday late-afternoon trade, while Brent slumped 9.2% to $87.90.US President Donald Trump told Axios on Monday that the US is in "very deep talks" with Iran, though he said military action could resume if diplomacy fails. His remarks came as the US apparently halted strikes against Iran.Oman is conducting talks with Iran, but Qatar, Pakistan and Egypt are also actively involved in the process, Axios reported."While this is the first tangible signal of de-escalation, the reasons behind it are less clear," ING Bank said in a report. "There's little explanation from the US. Also, it hasn't yet led to any meaningful pickup in vessel flows through the Strait of Hormuz."Treasury yields were lower, with the 10-year rate down 3.2 basis points at 4.65% and the two-year rate falling 1.1 basis points to 4.35%.The Federal Open Market Committee kicks off its two-day policy meeting on Tuesday, with a decision on interest rates due the following day. The probability of the central bank leaving its benchmark lending rate unchanged currently stands at 62%, with the remaining odds in favor of a quarter-percentage-point increase, according to the CME FedWatch tool.UBS Securities expects three dissents as a base case, but said it won't be surprised to see two more pushing for a rate hike.Tech giants Microsoft (MSFT), Apple (AAPL), Amazon (AMZN) and Meta Platforms (META) are scheduled to release their latest financial results later this week, along with Visa (V), Mastercard (MA), ExxonMobil (XOM), Coca Cola (KO), Procter & Gamble (PG), Qualcomm (QCOM) and Boeing (BA).In company news, Nvidia (NVDA) has agreed to expand its partnership with South Korean conglomerate SK Group through an artificial intelligence infrastructure initiative expected to be worth more than $500 billion. The deal includes a long-term partnership between Nvidia and SK Hynix (SKHY) that will provide the US technology giant a stable supply of next-generation AI memory.Nvidia's shares dropped 5%, the worst performer on the Dow, while SK Hynix slumped 7.5%.TransDigm Group (TDG) agreed to acquire specialty metal maker Prince & Izant from private equity firm Industrial Growth Partners for about $1.07 billion in cash. TransDigm shares advanced 4%.Gold edged up 0.3% to $4,083.90 per troy ounce, while silver lost 0.2% to $58.80 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$BA$KO$MA$META$MSFT$NVDA$PG$QCOM$SKHY$TDG$V$XOM
Update: Equities Mixed Intraday as Markets Await Fed Decision, More Earnings Reports
US Markets

Update: Equities Mixed Intraday as Markets Await Fed Decision, More Earnings Reports

(Updates with latest market prices and developments.)US stocks were mixed intraday amid a sharp pullback in oil prices, as traders prepared for the Federal Reserve's policy decision and mega-cap earnings reports later in the week.The Nasdaq Composite was down 0.6% at 24,834.6 after midday Monday, while the S&P 500 fell 0.3% to 7,390.2. The Dow Jones Industrial Average rose 0.2% to 52,031.4. Among sectors, communication services paced the gainers, while technology saw the steepest decline.West Texas Intermediate crude oil dropped 7.5% to $82.61 a barrel, while Brent slumped 8% to $89.09.US President Donald Trump told Axios on Monday that the US is in "very deep talks" with Iran, though he said military action could resume if diplomacy fails. His remarks came as the US apparently halted strikes against Iran.The US military struck Iran for the 13th straight night on Thursday, with Iran launching its retaliatory attacks across Gulf states. There hasn't been an announcement on fresh US strikes since then.Oman is conducting talks with Iran, but Qatar, Pakistan and Egypt are also actively involved in the process, Axios reported."While this is the first tangible signal of de-escalation, the reasons behind it are less clear," ING Bank said in a report. "There's little explanation from the US. Also, it hasn't yet led to any meaningful pickup in vessel flows through the Strait of Hormuz."Treasury yields were lower intraday, with the 10-year rate down 3.2 basis points at 4.65% and the two-year rate falling 1.3 basis points to 4.32%.The Federal Open Market Committee kicks off its two-day policy meeting on Tuesday, with a decision on interest rates due the following day. The probability of the central bank leaving its benchmark lending rate unchanged currently stands at 62%, with the remaining odds in favor of a quarter-percentage-point increase, according to the CME FedWatch tool."In our view, in the event of a rate hold there are likely to be dissents with the number hinging on the extent to which the statement language shifts in a hawkish direction," Macquarie said Monday in a report.While the firm expects no change to the federal funds rate this week, it continues to project a hike, most likely in December.Tech giants Microsoft (MSFT), Apple (AAPL), Amazon (AMZN) and Meta Platforms (META) are scheduled to release their latest financial results later this week, along with Visa (V), Mastercard (MA), ExxonMobil (XOM), Coca Cola (KO), Procter & Gamble (PG), Qualcomm (QCOM) and Boeing (BA).In company news, Nvidia (NVDA) has agreed to expand its partnership with South Korean conglomerate SK Group through an artificial intelligence infrastructure initiative expected to be worth more than $500 billion. The deal includes a long-term partnership between Nvidia and SK Hynix (SKHY) that will provide the US technology giant a stable supply of next-generation AI memory.Nvidia's shares dropped 5.2% intraday, the worst performer on the Dow, while SK Hynix slumped 9.6%.TransDigm Group (TDG) agreed to acquire specialty metal maker Prince & Izant from private equity firm Industrial Growth Partners for approximately $1.07 billion in cash. TransDigm shares rose 3.4% intraday.Gold edged up 0.2% $4,077.40 per troy ounce, while silver lost 0.2% to $58.77 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$BA$KO$MA$META$MSFT$NVDA$PG$QCOM$SKHY$TDG$V$XOM
Japan

Update: US Equity Futures Rise Pre-Bell as Oil Prices Drop Amid Pause in Middle East Hostilities

US equity futures rose pre-bell Monday as oil prices declined amid a pause in hostilities between the US and Iran over the weekend.Dow Jones Industrial Average futures were 1.1% higher, S&P 500 futures were up 0.8%, and Nasdaq futures were 1.3% higher.The US did not strike any Iranian targets on Saturday or Sunday after 13 consecutive nights of attacks. The US ambassador to the United Nations, Mike Waltz, told Fox News that President Donald Trump has halted the attacks for the meantime to allow more time for diplomacy. Iran said it will suspend its own attacks as long as the US does the same, Reuters reported Sunday, citing a senior Iranian official.Traders anticipate another round of earnings this week, kicked off by AstraZeneca (AZN), which posted higher Q2 core earnings and revenue.Microsoft (MSFT), Meta Platforms (META), Apple (AAPL), Amazon.com (AMZN), Lam Research (LRCX), and Arm (ARM) are set to release their financial results this week. Anticipated earnings also include Seagate Technology (STX), Qualcomm (QCOM), Procter & Gamble (PG), Visa (V), and Mastercard (MA).Traders also look forward to the Federal Reserve's policy session and rate statement, slated for Wednesday.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 5.2% at $86.94 per barrel and US West Texas Intermediate crude 6% lower at $83.97 per barrel.Durable goods new orders rose 0.3% in June after a 4.0% decline in the prior month, compared with expectations for a 1.8% increase in a survey compiled by Bloomberg. The Dallas Fed manufacturing survey for July will be released at 10:30 am ET.In other world markets, Japan's Nikkei closed 0.5% higher, Hong Kong's Hang Seng ended 1% higher, and China's Shanghai Composite finished 1.2% higher. Meanwhile, the UK's FTSE 100 was up 0.4%, and Germany's DAX index was 1.6% higher in Europe's early afternoon session.In equities, energy-related stocks were on the downswing due to the drop in oil prices. Exxon Mobil (XOM) shares fell 3.4%, Chevron (CVX) stocks were down 2.7%, and Shell (SHEL) shares were 2.3% lower.On the winning side, Broadcom (AVGO) stock was up 2.1% after the company and Samsung Electronics said they signed a memorandum of understanding to expand their strategic collaboration across memory and foundry technologies to support next-generation artificial intelligence infrastructure. Advanced Micro Devices (AMD) shares rose 2.2% after a Korea Times report cited the Ministry of Science and ICT as saying that the company partnered with South Korea to establish an artificial intelligence research facility and expand computing infrastructure. Toyota Motor (TM) stock was up 1.6% after the company said it signed a binding agreement with Volvo Group and Daimler Truck to acquire a one-third stake in fuel-cell joint venture Cellcentric.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMD$AMZN$ARM$AVGO$AZN$CVX$LRCX$MA$META$MSFT$PG$QCOM$SHEL$STX$TM$V$XOM
Stocks Rise Pre-Bell as US, Iran Pause Strikes; Fed Policy Decision, Inflation Report on Deck
US Markets

Stocks Rise Pre-Bell as US, Iran Pause Strikes; Fed Policy Decision, Inflation Report on Deck

The benchmark US stock measures were pointing higher before the opening bell Monday after the US and Iran halted strikes over the weekend, while traders gear up for a busy week that includes a major policy decision by the Federal Reserve, a key inflation report and earnings.The S&P 500 and the Dow Jones Industrial Average rose 0.8% each in premarket activity, while the Nasdaq increased 1.4%. The S&P 500 and the Dow finished Friday's trading session in the green, while the Nasdaq closed lower.After 13 consecutive nights of strikes against Iran, no US attacks against Tehran were officially announced over the weekend. Iran said it will also halt its attacks as long as the US does the same, a senior Iranian official told Reuters on Sunday.West Texas Intermediate crude oil dropped 6.4% to $83.56 a barrel before the open, while Brent fell 8% to $89.06.The US ambassador to the United Nations Mike Waltz reportedly told Fox News on Sunday that President Donald Trump has paused strikes against Iran to give talks "some space."Iranian Foreign Ministry spokesman Esmail Baghaei said technical talks with Oman on the Strait of Hormuz continued over the weekend, CNBC reported.Meanwhile, Iran summoned Ukraine's charge d'affaires in Tehran on Sunday over an attack on an Iranian commercial vessel in the Caspian Sea, calling it a "hostile and criminal act," according to a separate CNBC report.The Fed's monetary policy committee is scheduled to meet on Tuesday, with a decision on interest rates due the following day. The probability the central bank will leave its benchmark lending rate unchanged currently stands at 69%, with the remaining odds in favor of a quarter-percentage-point increase, according to the CME FedWatch tool.Traders also await the personal income and outlays report for June later in the week. The report includes the personal consumption expenditure core price index, the Fed's preferred inflation metric.Treasury yields were down in premarket action, with the two-year rate retreating 2.6 basis points to 4.31% and the 10-year rate off 3.8 basis points to 5.12%.Monday's economic calendar has the durable goods orders report for last month at 8:30 am ET, followed by the Dallas Fed manufacturing survey for July at 10:30 am.Tech giants Microsoft (MSFT), Apple (AAPL), Amazon (AMZN) and Meta Platforms (META) are scheduled to release their latest financial results later this week, along with Visa (V), Mastercard (MA), ExxonMobil (XOM), Coca Cola (KO), Procter & Gamble (PG), Qualcomm (QCOM) and Boeing (BA).Shares of Forte Biosciences (FBRX) jumped 39% pre-bell after it agreed to be acquired by Belgian-Dutch immunology firm argenx (ARGX) in a deal worth roughly $2.2 billion. AstraZeneca's (AZN) US-listed stock gained 1.4% after the company reported its latest quarterly results.Gold inclined 0.7% to $4,098 per troy ounce, while bitcoin advanced 1.1% to $65,350.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$ARGX$AZN$BA$FBRX$KO$MA$META$MSFT$PG$QCOM$V$XOM
Japan

US Equity Futures Rise Pre-Bell as Oil Prices Drop Amid Pause in Middle East Hostilities

US equity futures rose pre-bell Monday as oil prices declined amid a pause in hostilities between the US and Iran over the weekend.Dow Jones Industrial Average futures were 1.1% higher, S&P 500 futures were up 0.9%, and Nasdaq futures were 1.4% higher.The US did not strike any Iranian targets on Saturday or Sunday after 13 consecutive nights of attacks. The US ambassador to the United Nations, Mike Waltz, told Fox News that President Donald Trump has halted the attacks for the meantime to allow more time for diplomacy. Iran said it will suspend its own attacks as long as the US does the same, Reuters reported Sunday, citing a senior Iranian official.Traders anticipate another round of earnings this week, kicked off by AstraZeneca (AZN), which posted higher Q2 core earnings and revenue.Microsoft (MSFT), Meta Platforms (META), Apple (AAPL), Amazon.com (AMZN), Lam Research (LRCX), and Arm (ARM) are set to release their financial results this week. Anticipated earnings also include Seagate Technology (STX), Qualcomm (QCOM), Procter & Gamble (PG), Visa (V), and Mastercard (MA).Traders also look forward to the Federal Reserve's policy session and rate statement, slated for Wednesday.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 6.5% at $85.74 per barrel and US West Texas Intermediate crude 6.8% lower at $83.23 per barrel.The June durable goods orders report is expected to show a 1.8% increase after a decline of 4.5% in the prior month, according to estimates compiled by Bloomberg. The Dallas Fed manufacturing survey for July will be released at 10:30 am ET.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$ARM$AZN$LRCX$MA$META$MSFT$PG$QCOM$STX$V

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