4 Chip Stocks That Are Down and out This December

Macroeconomic headwinds and recently imposed regulations on chip sales have marred the chip and semiconductor industry’s performance. In this backdrop, it could be wise to avoid chip stocks NVIDIA (NVDA), Advanced Micro Devices (AMD), Marvell Technology (MRVL), and Navitas Semiconductor (NVTS), which have been on a downtrend for a while now. Read on…. shutterstock.com –…

Splunk is Suddenly Looking Like a Slam Dunk

The story on Splunk Inc. (NASDAQ: SPLK) isn’t an unfamiliar one. MarketBeat.com – MarketBeat During the early months of the pandemic, the software stock soared to record highs on the accelerated digital transformation (not to mention stay-at-home trader euphoria).  As normalization and Fed rate hikes then set in, the stock fell hard. The surprise departure…

Can GlobalFoundries Be the U.S. Version of Taiwan Semi ?

Contract semiconductor manufacturer GlobalFoundries (NYSE: GFS) is the fourth largest producer of computer chips producing 7% of the world’s supply. This pales compared to the 53% market share controlled by  Taiwan Semiconductor Manufacturing Company (NYSE: TSM). It’s ironic that GlobalFoundries was a divestiture of one of Taiwan Semi’s largest contract manufacturing clients, Advanced Micro Devices…

Pure Storage is a Steady Eddie Growing Storage Play

Enterprise data storage solutions provider Pure Storage, Inc. (NYSE: PSTG) stock has been buoyant this year throughout the semiconductor bust cycle. Data storage chip makers and producers experienced normalization as companies pulled back on spending after a strong 2021 rebound. Pure Storage managed to hold its ground for the most part in a trading range…

Bombshell Report Says Elon Musk’s Neuralink Under Federal Investigation

Opinions expressed by Entrepreneur contributors are their own. Federal authorities are investigating Elon Musk’s Neuralink for potential animal-welfare violations. According to Reuters, staff members have complained that the company is rushing animal testing procedures, causing the animals involved to suffer and die. NurPhoto / Contributor | Getty Images Elon Musk co-founded Neuralink Corporation, a neurotechnology…

Emmy-Winning Actress Kirstie Alley Dies at 71

Iconic Emmy-winning comic actress Kirstie Alley, known for her work on Cheers, Veronica’s Closet, and the Look Who’s Talking films alongside John Travolta, has passed away at the age of 71. Cindy Ord | Getty Images In a statement posted on Instagram, Alley’s children True and Lillie Parker wrote, “We are sad to inform you…