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Allegro MicroSystems and Penguin Solutions Shares Skyrocket, What You Need To Know
StockStory41d agoneutral
Allegro MicroSystems and Penguin Solutions Shares Skyrocket, What You Need To Know

A number of stocks jumped in the morning session after the semiconductor sector continued to rebound from the previous week's sharp selloff amid bullish Wall Street updates. Broadcom (AVGO) gained about 4.2% after it disclosed in an 8-K that it signed multi-year agreements with Apple through 2031 to supply custom ASIC silicon. Separately, bullish memory notes landed: UBS raised its Q3 DDR contract-pricing forecast to +32% quarter-on-quarter (from +17%) and reiterated DRAM undersupply "until at l

Why Broadcom (AVGO) Stock Is Trading Up Today
StockStory41d agoneutral
Why Broadcom (AVGO) Stock Is Trading Up Today

Shares of fabless chip and software maker Broadcom (NASDAQ:AVGO) jumped 4.1% in the morning session after the company disclosed new multi-year agreements with Apple, extending their collaboration through 2031 for Broadcom to develop and supply a range of custom ASIC silicon for multiple generations of Apple products.

VanEck Semiconductor ETF Is Up 64% This Year and Doesn’t Own a Single Share of Apple
24/7 Wall St.41d agoneutral
VanEck Semiconductor ETF Is Up 64% This Year and Doesn’t Own a Single Share of Apple

The VanEck Semiconductor ETF (NASDAQ:SMH) has ripped higher in 2026, gaining 64.47% year to date through July 2 and 111.24% over the trailing 12 months. Yet the fund fueling that run does not own a single share of Apple (NASDAQ:AAPL), arguably the most recognizable technology stock on the planet. The absence is structural, not tactical, ... VanEck Semiconductor ETF Is Up 64% This Year and Doesn’t Own a Single Share of Apple

What Would Steve Jobs Do Today?
24/7 Wall St.41d agoneutral
What Would Steve Jobs Do Today?

Steve Jobs, the co-founder, long-time CEO of Apple (NASDAQ: AAPL), and the heart and soul of the company, died in 2011. If he were alive, he would watch his handpicked CEO, Tim Cook, retire. Cook did almost everything right for Apple’s shareholders. But he did little to change the company’s products. The iPhone was first ... What Would Steve Jobs Do Today?

Apple's Rally: Pricing Power, AI Discipline, And The Memory Crunch
Trefis41d agobullish
Apple's Rally: Pricing Power, AI Discipline, And The Memory Crunch

Apple (AAPL) stock dropped 6% on June 25 after the company raised Mac and iPad prices by $100 to $300, blaming a memory shortage CEO Tim Cook called a "hundred-year flood." Less than two weeks later, shares have clawed back most of that loss, trading near 52-week highs. The market appears to be recalculating Apple's position on two fronts: how well placed Apple is inside the DRAM shortage relative to its peers and how its restraint on AI spending looks increasingly like a smart move.

Broadcom extends Apple chip supply deal through 2031
Proactive41d agoneutral
Broadcom extends Apple chip supply deal through 2031

Broadcom Inc (NASDAQ:AVGO, XETRA:1YD) has extended its chip partnership with Apple Inc (NASDAQ:AAPL, XETRA:APC) through 2031, expanding a long-running supply agreement covering custom semiconductor development and production. The expanded arrangement, disclosed by Broadcom in a regulatory...