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Oracle Corp’s (NYSE: ORCL)...

Oracle Corp (NYSE: ORCL) falls down to its knees, share dropped over 12.15%...

RTX Corp (NYSE: RTX)...

RTX Corp (NYSE: RTX) experienced a notable decline of -7.22%, amounting to $6.03...

GameStop Corp. (NYSE:GME) Quarter...

GameStop Corp. (NYSE: GME) to announce its second quarter fiscal 2023 results after...

Advanced Micro Devices (NASDAQ:AMD)...

Shares of Advanced Micro Devices (NASDAQ:AMD) drops 0.38% in afterhours in last trading...
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Advanced Micro Devices, Inc. (NASDAQ:AMD) Is Planning to Release New Ryzen Processors; As Chipmakers Showed Concern on Increasing Demand

Advanced Micro Devices, Inc. (NASDAQ:AMD) recently scheduled livestream premiere to unveil next generation AMD PC products.  The chipmaker said “together we advance PCs,” a live-stream premiere to reveal next generation AMD PC products. The show will premiere at 7 p.m. ET on Monday, August 29, on the AMD YouTube channel. A replay can be accessed a few hours after the conclusion of the event at AMD.com/Ryzen. Shares of AMD dropped around 3% in pre-market as in last trading session shares plunged 4.47% to close at $ 95.95.

CEO of firm, Dr. Lisa Su, along other AMD executives will unveil details on the latest “Zen 4” architecture that powers upcoming AMD Ryzen™ processors and the all upcoming AM5 platform built around the new technologies including DDR5 and PCIe5, all designed to drive a new era of performance desktop PCs.

On the other hand high-tech exporters from North Asia, which have historically been a leading indicator of the global economy, are becoming increasingly concerned about the demand for semiconductors. The leading manufacturers including Micron Technology, Inc. (NASDAQ:MU), NVIDIA Corporation (NASDAQ:NVDA), Intel Corporation (NASDAQ:INTC) and Advanced Micro Devices Inc. (NASDAQ:AMD) have warned of weaker export orders in last week.

One of the largest boom cycles in the sector will come to an abrupt end, according to Gartner Inc. (NYSE: IT). The research company cut its rating for sales growth from 14% three months ago to only 7.4% in 2022. Gartner forecasts a 2.5% decline in 2023.

A chip that stores bits of data, DRAM (Dynamic random access memory) is one of the $500 billion semiconductor market’s chip that most susceptible to perform significant impact in the global economy. While sales of DRAM by Samsung and SK Hyinx are crucial to Korean commerce.

The third-leading memory manufacturer, Micron Technology (MU) issued a warning about weakening demand this week, which led to a drop in global chip stocks.

The chief economist for Asia Pacific at Natixis SA, Alicia Garcia Herrero said that the Asia region’s economic cycle is heavily reliant on IT exports. IT industry of Asia will have a lengthy destocking cycle and a decreasing profit margin as a result of fewer new orders and a significant inventory buildup.

A U.S. recession is predicted to commence in mid-2023 by Deutsche Bank AG and in early 2023 by Wells Fargo & Co. A US recession within the next 24 months has 100% likelihood, according to a Bloomberg Economics model.

Oracle Corp’s (NYSE: ORCL) Cloud Business Faces Headwinds: What Lies Ahead

Oracle Corp (NYSE: ORCL) falls down to its knees, share dropped over 12.15% or $15.21 to trade at $111.50 in pre trading session on...

RTX Corp (NYSE: RTX) Updates 2023-2025 Outlook amid Engine Part Challenge

RTX Corp (NYSE: RTX) experienced a notable decline of -7.22%, amounting to $6.03 per share, bringing its current trading price to $77.45. The company,...

GameStop Corp. (NYSE:GME) Quarter Report: Resilience amidst Market Turbulence

GameStop Corp. (NYSE: GME) to announce its second quarter fiscal 2023 results after the market closes today. Shares were slightly down in the pre-trading...

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RTX Corp (NYSE: RTX) Updates 2023-2025 Outlook amid Engine Part Challenge

RTX Corp (NYSE: RTX) experienced a notable decline of -7.22%, amounting to $6.03 per share, bringing its current trading price to $77.45. The company, with a substantial market capitalization of $112.57 billion, has seen its shares trade within a...

GameStop Corp. (NYSE:GME) Quarter Report: Resilience amidst Market Turbulence

GameStop Corp. (NYSE: GME) to announce its second quarter fiscal 2023 results after the market closes today. Shares were slightly down in the pre-trading session on Wednesday, September 6, 2023. Investors and market aficionados were eagerly awaiting the tech company's...

Nikola Corp. (NASDAQ: NKLA) Hit by Active Sellers on Profit in ‘Short Squeeze’

Shares of Nikola Corp. (NASDAQ: NKLA) drops in early trading session on Monday as the cutting into paper earnings for traders betting against the electric-vehicle company and setting them up for a short squeeze. According to S3 Partners LLC statistics,...

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