![]() ![]() ![]() But it’s not a hot new AI fund or an ETF. Due to those two trends, Ghazi says, "the demand for semiconductors is unprecedented. One ETF has taken in more money than all others so far in 2023, with a massive 11.3 billion in inflows as of June 6th, according to FactSet. "With AI, in order to make it happen, you need more sophisticated chips in the cloud or in the data center, as well as more sophisticated chips on the edge," Ghazi said. The first is that "everything is smart," as in smart homes and smart cars. As Ghazi explains, "anybody who designs and develops a chip, they use Synopsys software to architect and actually design and verify the chip." Ghazi says there are two factors driving chip demand. Ghazi joined Yahoo Finance Live to discuss the company's results and how AI will be impacting its business. The company also announced that Synopsys President and COO Sassine Ghazi will become CEO on January 1, 2024. Revenue of $1.48 billion was in-line with Wall Street estimates. Synopsys (SNPS) reported third quarter adjusted earnings that were better than analysts were expecting. Yahoo Finance Video Semiconductor demand is 'unprecedented' right now: Synopsys COO You can follow him on Twitter and on Instagram. Pras Subramanian is a reporter for Yahoo Finance. It's possible the continued sales success of Rivian's R1T pickup, rising inventories, and the impending release of Tesla's Cybertruck played a part in the decision. Yahoo Finance Autos Reporter Pras Subramanian breaks down the report and explains why. However, Ford did say Mach-E sales "quickened" at the end of Q2.įord also drastically cut the prices of its F-150 Lightning EV pickup earlier this month, claiming falling raw material costs and "continued work on scaling production and cost" at its Rouge factory allowed for the price reductions. Find the latest Ford Motor Company (F) stock quote, history. ![]() Somewhat worrying for Ford and investors was a dip in EV sales, with the company noting EV sales dropped 2.8% for the quarter, with Mustang Mach-E sales down 21.1% and its E-Transit electric van sales down 23.8%. Total Ford truck sales were up 26.2%, which Ford says makes it the top-selling truck maker in the US. In particular, Ford trucks, with its crown jewel F-150 pickup lineup, notched a 34% sales jump. The Dearborn, Michigan-based automaker saw sales gains across most of its truck and SUV portfolio. 27.64 RIVN2.60 Honda Motor Co Ltd 31.92 HMC0.39 Goldman Sachs 355.87 GS0.75 Altria Group Inc 45.42 MO0.15 AT&T Inc. ![]() (NDZ/STAR MAX/IPx/AP Photo)įrom a deliveries standpoint, earlier this month Ford reported Q2 sales rose 9.9% from a year ago to 531,662 vehicles. “EV customers are brand loyal and we’re winning lots of them with our high-volume, first-generation products we’re making smart investments in capabilities and capacity around the world and, while others are trying to catch up, we have clean-sheet, next-generation products in advanced development that will blow people away.”įord F-150 Lightning during the 2022 New York International Auto Show (NYIAS) at the Javits Center on Apin New York. “The near-term pace of EV adoption will be a little slower than expected, which is going to benefit early movers like Ford,” Ford CEO Jim Farley said in a statement. $8 billion in EBIT for Ford Pro (from $6 billion)Ī full-year loss of $4.5 billion for its Model e unit (from $3 billion)įord said the higher loss projection for Ford Model e reflected "the pricing environment, disciplined investments in new products and capacity, and other costs." Ford also now expects to reach a 600,000-unit EV production run rate during 2024, instead of the end of this year, on the way to achieving a 2 million annual run rate. $8 billion in EBIT for Ford Blue (from $7 billion) Segment level EBIT expectations for 2023 now stand at: For its business level full-year projections, Ford boosted profit guidance for Ford Blue and Ford Pro, but increased its loss projection for Ford Model e. ![]()
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