Navitas Semiconductor Lands U.S. Army Contract for 10 kV Silicon Carbide Tech
Navitas Semiconductor (NVTS) was awarded the U.S. Army’s ALATTIS initiative to develop ultra-high-voltage silicon carbide technology.
Markets
Intel Shares Sink 5% as AI Development Risks Rattle Chipmakers
Intel Corp (INTC) shares dropped 5% Monday as investors reassessed the pace and risks of AI development, hitting the broader chip sector.
ASE Technology’s August Revenue Jumps 34.6% on Packaging Boom
ASE Technology (NYSE: ASX) posted $2.56 billion in August revenue, up 34.6% year-over-year, as advanced packaging demand fuels its AI semiconductor exposure.
BitMine (BMNR) Lifts Ethereum Treasury to 6 Million Tokens
BitMine Immersion Technologies (NYSE: BMNR) confirms its Ethereum treasury now holds 6 million ETH, with 5.07 million tokens staked, as investors weigh the crypto-treasury bet.
AMD Joins the $1 Trillion Club as AI Chip Race Heats Up
AMD’s market cap hit $1.03 trillion on September 27, 2026, making it the latest chipmaker to cross the trillion-dollar threshold alongside Nvidia and Broadcom.
Stocks Slip, Oil Jumps 1.72% as Middle East and Ukraine Conflicts Escalate
Dow and Nasdaq fell over the weekend as oil surged to $93.56 on Yemen strikes, while Bitcoin held near $84,000 and Litecoin jumped 4.1% amid rising geopolitical risk.
Marvell Technology Holds Quarterly Dividend at $0.06 a Share as Chipmaker Sticks to Capital Return Plan
Marvell Technology’s board declared a $0.06 per share quarterly dividend on September 25, 2026, keeping the payout unchanged as the semiconductor firm balances AI growth investment with shareholder returns.
ETFs Dump $36 Million of Credo Technology Stock, Snapping a One-Day Buying Streak
Credo Technology (CRDO) saw net ETF outflows of $36.0 million on Wednesday, reversing a brief buying streak and signaling shifting fund positioning in AI-linked chip stocks.
Global Bond Selloff Sends Treasury, Japan Yields to Multi-Decade Highs
US 10-year and 30-year Treasury yields hit 2007 and 2004 highs while Japan’s JGB yields reach 1996 levels, as traders price in more Fed rate hikes and $100+ oil fuels inflation fears.
AMD Joins the $1 Trillion Club as AI Chip Rally Accelerates
AMD crossed a $1 trillion market cap for the first time, joining Nvidia and Broadcom, as Intel jumped roughly 12% amid a broader AI chip sector surge.