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Latest Stock Market Updates

Microchip Technology Hits Record Stock High As New Factory Opens

Key Points: Microchip Technology stock reached a massive 52-week high of $92.26 after jumping 101.5% over the past year. The semiconductor giant opened a new 15,000-square-foot factory in Alabama to build advanced atomic clocks. Amble Electronics reported a massive first quarter with revenue climbing fivefold due to intense global memory chip shortages. Financial analysts expect Microchip to finally return to profitability when the company reports...

JPMorgan Chase Hires Chris Mihok to Lead Banking Sector Advisory Team

Key Points: JPMorgan Chase recruited Chris Mihok from Keefe, Bruyette & Woods to serve as a managing director for its financial institutions group. Mihok will officially start his new role in early July and report directly to North America bank leaders Clay Robinson and Andrew Spicehandler. The Wall Street giant recently advised British firm Schroders on its massive $13.4 billion sale to United States asset...

Jim Cramer Urges Investors to Keep Faith in Meta After Spending Spike

Key Points: Meta Platforms saw its stock drop over 9% after announcing a massive increase in future technology spending. The social media giant raised its capital expenditure budget by $10 billion to fund artificial intelligence projects. Jim Cramer reminded investors that Meta successfully bounced back from a similar spending crisis in 2022. Despite the stock drop, Meta beat financial expectations and showed strong growth in...