Semiconductor Stocks Tumble After U.S. Announces New Chip Restrictions

We’ve detected you are on Internet Explorer. For the best Barrons.com experience, please update to a modern browser. We’ve detected you are on Internet Explorer. For the best Barrons.com experience, please update to a modern browser.GoogleFirefox This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients … Read more

Opinion: Micron earnings suggest the chip downturn could be worse than Wall Street expects

Micron Technology Inc. executives warned about a semiconductor downturn in late June, but now say that a “sharp and sudden” drop in demand exceeded even those expectations, suggesting the current chip glut could get a lot worse. Micron MU, -1.94% reported a worse-than-expected fiscal fourth quarter Thursday, with revenue plunging 23% from last year, but … Read more

Micron Issues Another Muted Outlook After Missing Expected Sales Results

Memory-chip maker Micron MU -1.94% Technology Inc. issued another subdued revenue outlook after failing to meet its sales expectations in the latest quarter, in a further sign demand for consumer electronics is slumping. “An unprecedented confluence of events has affected overall demand,” Chief Executive Sanjay Mehrotra said in a statement, citing Covid-19 related lockdowns in … Read more

Apple Stock Drops on Report iPhone Production Hike Scrapped, Chip Stocks Hit Too

Shares of Apple and its key suppliers fell Wednesday on a report that said the tech giant was scrapping plans to increase production of its latest iPhones this year due to weaker-than-expected demand. Apple (ticker: AAPL) stock was down 3.9% in premarket trading and shares in some of the company’s U.S. suppliers also were under … Read more

September Was Bad for Investors. October Could Be Worse.

Text size Market chaos has hit stocks, bonds, commodities, currencies, and futures. It’s hard to see it ending soon. Michael M. Santiago/Getty Images It’s a bumpy, volatile, no good, very bad market out there. Stocks, bonds, commodities, currencies, and futures have been moving violently from day to day—and there’s probably more whiplash ahead The S&P … Read more