Saturday, January 13, 2024

US chipmaker Wolfspeed was the only stock in the Philadelphia Stock Exchange Semiconductor index to decline in 2023, amid struggles at its new plant in NY (Ian King/Bloomberg)

Ian King / Bloomberg:
US chipmaker Wolfspeed was the only stock in the Philadelphia Stock Exchange Semiconductor index to decline in 2023, amid struggles at its new plant in NY  —  - Wolfspeed investors have soured amid struggles with new plant  — The semiconductor stock is off to a rough start this year



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Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part due to investments, as it seeks to monetize AI (Luz Ding/Bloomberg)

Luz Ding / Bloomberg : Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part du...