Latest News for Movement Industries Stock (OTC:MVNT)

Movement Industries Corp is engaged in investments in emerging growth companies in the energy, oil and gas, and industrial manufacturing sectors. The company also offers its services to utilities, technology, agriculture, and medical industries. It provides valves, actuators, pumps, tanks, and wellhead control panels, CNC Machining, Waterjet, Plasma, Laser Cutting, Welding and Fabrication, control systems, and communication systems among its many products and services. The company operates in North America, South America and is expanding globally with new ventures into Africa and market studies into the European and Asian markets.

MOVEMENT INDS CORP by MOVEMENT INDS CORP.

Movement Industries Corp

Macro Economic Events

News

Econ #s

Economics

Germany Manufacturing Purchasing Managers Index Preliminary For April 42.2 Vs. 42.8 Est.; 41.9 Prior

Sasol's Nine Months Ended March 31, 2024 Mining Productivity +4% YoY, Gas Production +8% YoY, SO Production Volumes +3% YoY, And Total Chemicals Sales Volumes + 4% YoY

Honda Motor Europe Renews And Expands IT Partnership with Kyndryl Via Multiyear Managed Infrastructure Services Agreement

France Services Purchasing Managers Index Preliminary For April 50.5 Vs. 48.9 Est.; 48.3 Prior

France Manufacturing Purchasing Managers Index Preliminary For April 44.9 Vs. 46.9 Est.; 46.2 Prior

<a href="https://www.globenewswire.com/Tracker?data=DoqkUAnQT0K36GETdoDpEZBf9Fti-plTY2wG7QpNG3Fa51vlPx8BDWho7hFh8ZIILi7jfJ_qdDmugGk4v9tyq3aE1vJzhj4NyR_SFo1avkBqXA-4yyh7rM54vHz4wxFBH_EDY9-ch3EFWiyoQbYcYA==">nCino, Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNO#NASDAQ">NCNO</a>), a pioneer in cloud banking for the global financial services industry, today announced that <a href="https://www.globenewswire.com/Tracker?data=fhG6E4csOlrOzGLDpxrfG0wHTVpSrUbb4Kk9mPiLc75ukgPgpacC80kGp4O-rTLEO-HjqqoJT7xLcfibKcPjoQ==">Together</a>, one of the UK's leading property lenders, has selected <a href="https://www.globenewswire.com/Tracker?data=DoqkUAnQT0K36GETdoDpESS0YzZmGD_x43n1I63tr5Rn-umHBrUc1Ri2uCb3oGDfzrGnhYYzlUUBt7RPKw48rMlnSoqB7eFhriJdQg7EFeGDHjioSY7Z2NwdFWm9wDJ9LgW94m775I5_NrDxFdHiB9DgQjnHwYVMmcS8szaqEyTq0fx70N9hbR9oZpd7xmsV40oX0TvrBzrUhrgNu2SSiA==">nCino's Cloud Banking Platform</a> to revolutionise and future-proof its business.

NCNO

UK Property Lender Together Tapped nCino to Revolutionise its Lending Business

Teledyne e2v, a Teledyne Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>) company and global innovator of imaging solutions, is pleased to announce a new technology and design collaboration with <a href="https://www.airy3d.com/">Airy3D</a> (Montreal, Canada), a leading 3D vision solution provider. The first result of this partnership is the co-engineering of the recently announced <a href="https://imaging.teledyne-e2v.com/products/2d-cmos-image-sensors/topaz5d/">Topaz5D</a>&#x2122;, a low-cost, low power, passive, 2 megapixel global shutter sensor which produces 2D images and 3D depth maps. &nbsp;

Teledyne e2v and Airy3D Collaborate to Deliver Affordable 3D Vision Solutions

STGW

Reported Earlier, Stagwell Strengthens Asia Pacific Presence, Adds Indonesia's Leverate Group To Global Affiliate Program

Earnings

Grupo Aeroportuario Del Pacifico Q1 EPADS $2.586 Up From $2.553 YoY, Sales Ps.8.49B Up From Ps.8.34B YoY

Tesla&nbsp;and&nbsp;SpaceX&nbsp;CEO&nbsp;Elon Musk&nbsp;took aim at&nbsp;Social Security on Monday, calling it the &#8220;Biggest Ponzi scheme ever.&#8221; Social Security provides retirement income and helps millions of Americans qualify for Medicare.
What Happened:&nbsp;Musk was replying to a meme comparing Social Security to a Ponzi scheme (a fraudulent investment scheme). He added, &#8220;Maybe AI and robots will save it though.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/04/38368734/elon-musk-hits-back-at-australias-leader-amid-row-over-removal-of-violent-video-from-x-does-the-pm-t">Elon Musk Hits Back At Australia&#8217;s Leader Amid Row Over Removal Of Violent Video From X: &#8216;Does The PM Think He Should Have Jurisdiction Over All Of Earth?&#8217;</a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Biggest ponzi scheme ever. Maybe AI and robots will save it though.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1782565870188789784?ref_src=twsrc%5Etfw">April 23, 2024</a></blockquote>
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In the comments section, people were divided. While some said that many people who have never paid into Social Security, end up getting the benefits, others said that the tech billionaire was &#8220;badmouthing a system that is a primary means of survival for many elderly Americans.&#8221; 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Not to mention that prior to social security, many people had no choice but to work until death. I can see why that would be appealing to an apartheid billionaire. A Patriotic American, whose predecessors sacrificed so SOCSEC could exist? Not so much.
&mdash; Gaydolf Wokeler (@BrianDogeMiller) <a href="https://twitter.com/BrianDogeMiller/status/1782585462072463861?ref_src=twsrc%5Etfw">April 23, 2024</a></blockquote>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Look up how many people who've never paid into Social Security receive it. Explain that one. Someone we know came from Canada after they retired, and because of their age, they were allowed to receive Social Security. The system is broken.
&mdash; Sherry Jurach (@SJurach) <a href="https://twitter.com/SJurach/status/1782586536997028111?ref_src=twsrc%5Etfw">April 23, 2024</a></blockquote>
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Why It Matters: The long-term viability of Social Security is a major concern for many Americans. They <a href="https://www.benzinga.com/personal-finance/24/03/37541461/working-into-your-70s-nikki-haleys-bold-proposal-for-retirement-age">worry about its ability</a> to disburse full benefits in the future. According to the Social Security and Medicare Trustees Reports, by 2033 the fund will only be able to disburse 77% of the total scheduled benefits.
BlackRock CEO Larry Fink last month <a href="https://www.benzinga.com/markets/equities/24/03/37936320/larry-fink-warns-of-us-retirement-crisis-in-blackrocks-annual-letter-you-are-on-your-own">emphasized the urgency</a> of addressing the global &#8220;retirement crisis.&#8221; With medical advancements extending life expectancy, traditional approaches to retirement savings and working patterns may need significant reform.
While concerns exist, there&#8217;s also optimism. A <a href="https://www.benzinga.com/personal-finance/24/03/37919337/half-of-americans-now-optimistic-about-social-securitys-future-data-shows">2023 Gallup survey</a> shows that &#8220;Americans are more optimistic about the future of Social Security than they have been in recent years.&#8221; Among nonretired Americans, 50% expect to receive benefits, compared to 47% who don&#8217;t.
As of 2024, the <a href="https://www.benzinga.com/personal-finance/financial-advisors/24/01/36758328/this-is-the-age-most-americans-retire-and-how-to-know-whether-youre-on-track-">average retirement age</a> for retirees in the U.S. is 64, with workers expecting to retire at 66. The full retirement age is 67 for those born in 1960 or later
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Read Next: <a href="https://www.benzinga.com/news/24/04/38349837/elon-musk-agrees-every-american-household-will-have-a-1-000-per-month-home-robot-in-7-years-time">Elon Musk Agrees Every American Household Will Have A $1,000-Per-Month Home Robot In 7 Years&#8217; Time</a>
Photo via Shutterstock

Tech

Elon Musk Calls Social Security The Biggest Ponzi Scheme Ever: 'Maybe AI And Robots Will Save It'

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the &#8220;Fear&#8221; zone on Monday.
U.S. stocks closed higher on Monday, with the S&amp;P 500 snapping a six-session losing streak.
On the economic data front, the Chicago Fed National Activity Index increased to +0.15 in March versus a revised reading of +0.09 in the previous month, topping market estimates of +0.09.
Shares of Zions Bancorporation, N.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>) gained around 4% on Monday after the company reported upbeat earnings for its first quarter. Verizon Communications Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) stock fell around 5% on Monday after it reported fiscal first-quarter 2024 results.
All sectors on the S&amp;P 500 closed higher, with financial, utilities, and information technology stocks recording the biggest gains on Monday.
The Dow Jones closed higher by around 254 points to 38,239.98 on Monday. The S&amp;P 500 rose 0.87% at 5,010.60, while the Nasdaq Composite climbed 1.11% at 15,451.31 during Monday's session.
Investors are awaiting earnings results from Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) and PepsiCo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) today.
At a current reading of 37.6, the index remained in the &#8220;Fear&#8221; zone on Monday, versus a prior reading of 32.3.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Also Read This: <a href="https://www.benzinga.com/news/24/04/38354671/top-2-consumer-stocks-that-may-implode-in-april">Top 2 Consumer Stocks That May Implode In April</a>

Pre-Market Outlook

Markets

Trading Ideas

TSLA

ZION

Investor Optimism Improves, But Fear & Greed Index Remains In 'Fear' Zone

With U.S. stock futures trading slightly lower this morning on Tuesday, here are some stocks that may grab investor focus today:
<ul>
<li>Wall Street expects PepsiCo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) to report quarterly earnings at $1.52 per share on revenue of $18.08 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. PepsiCo shares fell 1% to $174.79 in after-hours trading.</li>
<li>Packaging Corporation of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>) posted better-than-expected earnings for its first quarter on Monday. The company said it sees second-quarter earnings of $2.07 per share. Packaging Corp shares fell 5.2% to $170.00 in the after-hours trading session.</li>
<li>Analysts are expecting General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) to post quarterly earnings at $2.14 per share on revenue of $41.88 billion. The company will release earnings before the markets open. GM shares fell 0.3% to $43.07 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Hibbett, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIBB#NASDAQ">HIBB</a>) agreed to be acquired by JD Sports Fashion for $87.50 per share in cash, in a $1.1 billion transaction. Hibbett shares gained 1.9% to close at $72.49 on Monday.</li>
<li>Analysts expect Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) to post quarterly earnings at 51 cents per share on revenue of $22.34 billion after the closing bell. Tesla shares fell 0.4% to $141.45 in after-hours trading.</li>
</ul>
Read More: <a href="https://www.benzinga.com/24/04/38355486/top-3-financial-stocks-that-could-blast-off-this-quarter">Top 3 Financial Stocks That Could Blast Off This Quarter</a>

Equities

HIBB

General Motors, Tesla And 3 Stocks To Watch Heading Into Tuesday

Guidance

Novartis Now Expects 2024 Net Sales To Grow High Single To Low Double-Digit (Prior Mid-Single-Digit) And Core Operating Income To Grow Low Double-Digit To Mid-Teens (Prior High Single-Digit)

VLRS

Volaris 2024 Guidance, Anticipates ASM Growth (YoY) Of -16% to -18% And An EBITDAR Margin Of 32%-34% (Prior 31%-33%)

2024&nbsp;Guidance
For the&nbsp;second quarter&nbsp;of 2024, the Company expects:
<table align="center">
<tbody>
<tr>
<td>2Q&#39;24</td>
<td>2Q&#39;23&nbsp;(1)</td>
</tr>
<tr>
<td>2Q&#39;24&nbsp;Guidance</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>ASM growth (YoY)</td>
<td>~&nbsp;-18%</td>
<td>+18.1%</td>
</tr>
<tr>
<td>TRASM</td>
<td>$9.1&nbsp;to&nbsp;$9.2&nbsp;cents</td>
<td>$7.92&nbsp;cents</td>
</tr>
<tr>
<td>CASM ex fuel</td>
<td>$5.5&nbsp;to&nbsp;$5.6&nbsp;cents</td>
<td>$4.82&nbsp;cents</td>
</tr>
<tr>
<td>EBITDAR margin</td>
<td>31%&nbsp;to&nbsp;33%</td>
<td>27.1%</td>
</tr>
<tr>
<td>Average USD/MXN rate</td>
<td>Ps.17.30 to 17.50</td>
<td>Ps.17.72</td>
</tr>
<tr>
<td>Average U.S. Gulf Coast jet fuel price</td>
<td>$2.60&nbsp;to&nbsp;$2.70</td>
<td>2.29</td>
</tr>
<tr>
<td>(1) For convenience purposes, actual reported figures for 2Q&#39;23 are included.</td>
</tr>
</tbody>
</table>

Volaris Provides Q2 Guidance: Expects ASM (YoY) Of About -18%, TRASM Of $9.1-$9.2 Cents, CASM Excluding Fuel Of $5.5-$5.6 Cents, And An EBITDAR Margin Of 31%-33%

Novartis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVS#NYSE">NVS</a>) reported quarterly earnings of $1.80 per share which beat the analyst consensus estimate of $1.67 by 7.78 percent. This is a 16.88 percent increase over earnings of $1.54 per share from the same period last year. The company reported quarterly sales of $11.829 billion which beat the analyst consensus estimate of $11.433 billion by 3.46 percent. This is a 8.68 percent decrease over sales of $12.953 billion the same period last year.

Earnings Beats

Novartis Q1 2024 Adj EPS $1.80 Beats $1.67 Estimate, Sales $11.829B Beat $11.433B Estimate

Hours after reports of Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) <a href="https://www.benzinga.com/news/24/04/38361822/tesla-layoffs-hit-marketing-team-retracts-advertising-push">laying off its marketing team</a> in the U.S., CEO Elon Musk said the ads made by the team failed to impress him.
What Happened: The CEO concurred with an X user and Tesla enthusiast who said the ads made by the team were rather unimpressive and wrote, &#8220;Exactly. The ads were far too generic – could've been any car.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Exactly. The ads were far too generic – could've been any car.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1782436262881661053?ref_src=twsrc%5Etfw">April 22, 2024</a></blockquote>
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Musk&#8217;s comment comes on the heel of a Bloomberg report that the EV giant has removed its newly formed marketing team as part of the <a href="https://www.benzinga.com/news/24/04/38244436/breaking-tesla-said-to-be-laying-off-over-14-000-employees">10% companywide layoff </a>announced last week. The report noted that the entirety of the team in the U.S., including senior manager Alex Ingram, were eliminated. 
Trial And Error: Musk first expressed <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/05/32439283/tesla-bulls-cheer-elon-musks-decision-to-try-some-advertising-it-could-be-amazingly">willingness to try traditional advertising</a> less than a year ago in May 2023. Until then, the company boasted of spending almost no money on advertising but became popular purely via word of mouth.
Since then, Tesla has attempted advertising on different platforms including YouTube, X, and even Meta Platforms&#8217; Instagram, and Facebook <a href="https://www.benzinga.com/news/24/03/37908129/facebook-isnt-lame-for-musk-anymore-tesla-rejoins-zuckerbergs-social-media-platform-after-ghosting-i">despite Musk&#8217;s past criticism of them</a>. 
However, in January, Tesla executives clarified during the fourth-quarter earnings call that while the lack of awareness impacted EV adoption, the company would not spend too much on advertising and marketing but instead spend it in areas and geographies where the company has low market share such as Japan. 
Analyst Take: Not all Tesla analysts favor this strategy of low advertising investment. The Future Fund Managing Partner Gary Black has often criticized Tesla&#8217;s attempts at driving sales via price cuts that weigh heavily on the company&#8217;s margins. Black recommends advertising instead. 
Even on Monday, Black reiterated that educating combustion engine vehicle owners on the perks of EVs via advertising is &#8220;badly needed&#8221; to drive sales. &#8220;Anyone can cut price. It's a blunt inefficient tool,&#8221; Black added. 
Anti-Tesla Advertising: While Musk has been sidestepping advertising, anti-Tesla crusaders have been going all in. 
The Dawn Project, <a href="https://www.benzinga.com/news/23/10/35125361/exclusive-dawn-projects-dan-odowd-warns-teslas-terrible-fsd-could-be-banned-blames-musk-for-coordina" target="_blank" rel="noreferrer noopener">founded by tech billionaire</a> Dan O'Dowd, released two ads at the Super Bowl championship earlier this year alleging that Tesla failed to act despite the group flagging multiple concerns about the safety of its full self-driving (FSD) driver assistance software and urged for a boycott of the company.
"When you buy a new Tesla you are financing and enabling Elon Musk to put a dangerous, unfinished, product on our public roads," O'Dowd <a href="https://www.benzinga.com/news/24/02/37085404/tesla-boycott-superbowl-ad-earns-regulators-ire-did-not-grant-permission-to-use-the-ntsb-seal">said in a statement</a> then. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by <a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: <a href="https://www.benzinga.com/news/24/04/38351810/tesla-fsd-is-now-nearly-50-cheaper-than-when-elon-musk-called-it-very-low-just-under-a-year-ago">Tesla FSD Is Now Nearly 50% Cheaper Than When Elon Musk Called It &#8216;Very Low&#8217; Just Under A Year Ago</a>
Image made via pictures on Shutterstock

Elon Musk Admits Tesla Ads Were 'Far Too Generic' After Laying Off US Marketing Team: 'Could've Been Any Car'

Controladora Vuela (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLRS#NYSE">VLRS</a>) reported quarterly earnings of $0.29 per share which beat the analyst consensus estimate of $(0.18) by 261.11 percent. This is a 147.54 percent increase over losses of $(0.61) per share from the same period last year. The company reported quarterly sales of $768.000 million which beat the analyst consensus estimate of $694.633 million by 10.56 percent. This is a 5.06 percent increase over sales of $731.000 million the same period last year.

Controladora Vuela Q1 2024 GAAP EPS $0.29 Beats $(0.18) Estimate, Sales $768.000M Beat $694.633M Estimate

<ul>
<li>JD Sports to acquire all outstanding shares for&nbsp;$87.50&nbsp;per share in cash, in a&nbsp;$1.1 billion&nbsp;transaction</li>
<li>Per share price represents a&nbsp;21%&nbsp;premium to the April 22, 2024, closing price and a&nbsp;29%&nbsp;premium to the 120-trading day volume weighted average price</li>
<li>Combination of best-in-class customer-centric companies offers brand partners an expanded global platform for distribution of the latest athletic fashion products</li>
<li>Mike Longo to continue as Hibbett President and CEO, and Jared Briskin to take on role of Hibbett COO; Hibbett will maintain HQ in Birmingham</li>
</ul>

JDSPY

Hibbett Agrees To Be Acquired By JD Sports Fashion For $87.50 Per Share In Cash, Amounting To ~$1.1B

Investors anticipate a potential further drop in&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38307408/strong-ai-chip-demand-propels-key-apple-nvidia-supplier-past-q1-expectations" rel="noreferrer noopener">Taiwan Semiconductor Manufacturing Co</a>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) stock, which has plummeted over 13% in the past six days.
What Happened:&nbsp;The chipmaker&#8217;s stock has been on a downward spiral since its April 11 earnings call, where it revised its growth forecasts for the semiconductor industry due to industry challenges. These revisions led to a market value loss exceeding $100 billion, as&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-04-22/tsmc-s-13-rout-may-have-further-to-go-options-traders-indicate" rel="noreferrer noopener">reported</a>&nbsp;by Bloomberg on Monday.
The surge in put options, bets on the stock&#8217;s decline, reflects increased bearish sentiment. Open interest for both put and call options on Friday was 20% higher than their 20-day averages, according to Bloomberg.
See Also:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/24/04/38346682/shiba-inu-army-cheers-as-burn-rate-soars-172-price-rebounds?itm_source=parsely-api" rel="noreferrer noopener">Shiba Inu Army Cheers As Burn Rate Soars 172%, Price Rebounds</a>
Other tech giants like&nbsp;NVIDIA Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and&nbsp;Super Micro Computer Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) have also seen significant stock price drops, contributing to broader tech sector unease.
Why It Matters: TSMC&#8217;s challenges reflect a broader chip industry trend. The company, a key supplier to both Nvidia and Apple Inc, recently <a href="https://www.benzinga.com/markets/equities/24/04/38328610/tsmc-cautions-red-hot-chip-industry-growth-could-cool-amid-declining-automotive-chip-demand" target="_blank" rel="noreferrer noopener">revised its growth forecast</a> for non-memory chip markets to 10%, down from &#8220;more than 10%,&#8221; due to potential decreased demand for consumer electronics.
Earlier this month, concerns arose regarding the impact of production challenges at TSMC on AI development following&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38083172/taiwan-earthquake-alarms-gene-munster-the-only-thing-that-can-slow-ai-in-the-near-term-is-impact-on" rel="noreferrer noopener">a 7.2-magnitude earthquake</a>&nbsp;that temporarily halted chip production.
Despite these challenges, Taiwan is bolstering&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38288066/taiwan-bolsters-chip-diplomacy-with-canada-and-france-amid-china-tensions" rel="noreferrer noopener">its &#8220;chip diplomacy,&#8221;</a>&nbsp;efforts to secure its leading chip producer position through international partnerships. Recent tech deals with the U.S., Canada, France, and Germany aim to support chip design engineer development and nurture tech talent.
Price Action:&nbsp;Taiwan Semiconductor closed Monday up 1.6% at $129.75, with a slight after-hours decline. However, the stock remains up 27.79% year-to-date. Nvidia is trading at $795 (65.08% YTD increase), while Super Micro Computer is at $717 (151.19% YTD increase)<a target="_blank" href="https://pro.benzinga.com/dashboard" rel="noreferrer noopener">from Benzinga Pro</a>
Read Next: <a href="https://www.benzinga.com/news/24/04/38347033/bound-by-courtroom-rules-donald-trump-is-doing-something-uncommon-for-his-public-persona-staying-sil?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bound By Courtroom Rules, Donald Trump Is Doing Something Uncommon For His Public Persona: Staying Silent</a>
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Latest News for Movement Industries Stock (OTC:MVNT)

Tuesday, March 24, 2020