In a recent report, Citi analysts downgraded Skyworks Solutions (ticker: SWKS) and Qorvo (QRVO) from Neutral to Sell. They also reduced the price targets for both stocks, bringing them down to $87 and $78, respectively. Skyworks stock has dropped by 3.3% to $94.95, while Qorvo shares have seen a 4% decrease, making them the worst performer in the S&P 500 during premarket … [Read more...] about Competition Fears Prompt Downgrade of Specialty-Semiconductor Stocks
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Samsung Expects Lowest Second-Quarter Profit Since 2009
Samsung Electronics, the world's largest smartphone maker, revealed on Friday that it anticipates its second-quarter profit to be the lowest it has been since early 2009. This unfortunate downturn stems from weak consumer demand for technology products, resulting in an oversupply of memory chips in the market. The company's forecast highlights its ongoing struggle with sluggish … [Read more...] about Samsung Expects Lowest Second-Quarter Profit Since 2009
