Scalper1 News
Cavium (CAVM) stock fell Thursday as the chipmaker announced an acquisition, though its Q2 earnings late Wednesday topped Wall Street forecasts. Cavium announced it would spend $90 million to acquire privately held semiconductor startup Xpliant. Cavium was down nearly 2% in afternoon trading in the stock market today, near 47, as U.S. stocks tumbled amid concerns about the strength of overseas economies and disappointing earnings from some major Scalper1 News
Scalper1 News