Keyword → manufacturing

Intel Holds Near $132 After 9% Apple Chip Deal Pop — Investors Await Formal Confirmation Before Q2 Earnings July 23

Intel shares are holding near $132 as trading continues to digest last week's roughly 9% premarket surge following President Trump's announcement that Apple agreed to manufacture chips domestically with Intel. Neither company has formally confirmed deal terms, leaving investors focused on Intel's July 23 earnings call for evidence that foundry discussions are converting into signed, disclosed contracts. The stock is up roughly 200% year-to-date amid a broader chip manufacturing turnaround narrative.

SK Hynix Targets $29.4 Billion U.S. Listing — AI Memory Leader Expands Capacity Amid Record Demand

SK Hynix announced plans to raise up to $29.4 billion through a U.S. listing, creating one of the largest equity offerings ever completed. The company has become a major supplier of high-bandwidth memory used in AI servers and plans to use proceeds to expand manufacturing capacity and purchase advanced chipmaking equipment. Investors view the transaction as another sign that AI infrastructure demand remains strong despite recent volatility across semiconductor stocks and global technology markets.

Intel Stock Soars 9% to Record $129.84 — Trump Says Apple Will Design and Build Chips With Intel in the US

Intel shares surged more than 9% in premarket trading to a record near $129.84 after President Trump said Apple has agreed to design and build chips with Intel inside the United States. Neither company has formally confirmed the arrangement, but reports point to Apple's M7 chip running on Intel's new 18A-P process for the MacBook Air and entry-level iPad Pro starting in late 2027. The news lands two days after Intel disclosed that 18A-P entered risk production, giving the stock a second catalyst in the same week.

Jabil Posts $3.16 Core EPS in Q3 Fiscal 2026, Tops $3.10 Estimate — Raises FY26 Outlook on AI Infrastructure Surge

Jabil posted fiscal third-quarter 2026 core earnings of $3.16 per share on revenue of $8.8 billion, topping Wall Street estimates of roughly $3.10 per share and $8.61 billion. The contract manufacturer raised its fourth-quarter outlook to as much as $4.20 in core EPS, citing surging AI infrastructure demand alongside better-than-expected results in automotive and connected living. CEO Mike Dastoor said the company's diversified model continues to deliver margin expansion and strong free cash flow heading into fiscal 2027.

February Durable Goods Orders Miss at -1.8% — Manufacturing Contraction Deepens Recession Watch

Orders for durable manufactured goods fell 1.8 percent in February 2026, worse than the expected 0.5 percent decline, while the critical non-defense capital goods ex-aircraft reading dropped 1.1 percent. The miss adds to a growing body of deteriorating economic data and pushed JPMorgan's U.S. recession probability estimate to 40 percent for 2026.

Boeing Under Fresh Pressure as 737 MAX Wiring Defect Stalls Q1 Deliveries; Shares Lag Broader Market Recovery

Boeing shares lagged the broader market Wednesday as the company continued to grapple with a 737 MAX delivery pause tied to scratched wiring caused by a machining error discovered during production inspections. The defect, disclosed on March 10, has halted all MAX deliveries since March 5 — ending what had been the strongest February delivery performance since 2018 — and raises renewed questions about manufacturing quality control just as Boeing's recovery appeared to be gaining momentum.

Micron Technology Surges on Taiwan Expansion and Pre-Earnings Momentum Ahead of Wednesday Report

Micron Technology shares jumped more than 6% on Monday after the chipmaker confirmed it had completed the $1.8 billion acquisition of Powerchip Semiconductor's Taiwan P5 manufacturing site and announced plans to build a second comparable facility at the same Tongluo location. With Q2 FY2026 earnings due Wednesday and analysts projecting $18.7 billion in revenue, Micron's aggressive capacity expansion for high-bandwidth memory positions it as a key beneficiary of surging AI infrastructure demand heading into mid-2026.

U.S. Manufacturing Expands for Second Month Despite Tariff and Policy Uncertainty

U.S. manufacturing showed continued expansion in February as the ISM manufacturing index stayed above 50 for the second straight month, signaling modest growth. However, rising tariffs on metals and ongoing geopolitical tensions pose challenges to cost structures and supply chain efficiencies. While production and new orders showed strength, employment growth remained flat, prompting cautious optimism among industrial firms.

ISM Manufacturing PMI Holds at 52.4% in February, But Input Price Surge Raises Fed Rate-Cut Doubts

The Institute for Supply Management reported that U.S. manufacturing activity expanded for the second consecutive month in February, with the PMI reading at 52.4 percent, but the report's input prices sub-index soared at its fastest pace since 2022, reinforcing investor concerns that renewed inflationary pressures — now compounded by surging oil prices from the Iran conflict — could lead the Federal Reserve to delay or abandon interest rate cuts in the months ahead.