Amid a volatile trading session, four Apple (AAPL) chip suppliers are standing out: Skyworks Solutions (SWKS), NXP Semiconductors (NXPI), Qorvo (QRVO) and Avago Technologies (AVGO). Skyworks Solutions was rising in big volume in early afternoon Monday, reversing off a seven-month low. Shares had been finding support at the 200-day line but broke below that level as the market began to sell off last week. Shares are currently trading 26% below
Shares in phone companies AT&T (T) and Verizon Communications (VZ) edged down on “Black Monday” amid a sell-off in technology and momentum stocks as some analysts said that high-paying dividend stocks may be a safe haven near-term for investors. The S&P 500 telecom services index fell nearly 8% early before rebounding to trade down about 1% from Friday’s close in the stock market today; meanwhile, the S&P information technology index fell almost
The number of venture-capital-backed technology companies with a market valuation of $1 billion or more has grown to 131, led by ride-hailing service provider Uber, with a $51 billion market cap. The cumulative estimated market value of all 131 companies, as judged by venture investments, is $485 billion, according to market research firm CB Insights. Companies with a market cap of $1 billion or more are referred to as “unicorns,” as popularized