NASDAQ:DIOD

Diodes Slides; New Auto Chip Launch Puts Focus Back on Growth Track
····

Diodes Slides; New Auto Chip Launch Puts Focus Back on Growth Track

Diodes Incorporated shares fell 0.7% to $108.36 late Thursday morning after the company launched a new automotive-grade USB-C charging chip. First-quarter revenue rose 22.1% to $405.5 million, with automotive sales up over 32% year-on-year. Diodes forecasts Q2 revenue around $435 million and adjusted EPS of 60 cents. Investors remain focused on margins and order growth amid mixed peer performance.
May 28, 2026

Stock Market Today

  • Diageo Shares Up 12% in a Month Amid Market Challenges
    May 28, 2026, 11:31 AM EDT. Diageo Plc shares climbed nearly 12% in a month, reaching prices last seen 14 years ago. The FTSE 100 drinks giant has faced significant headwinds, including a 20% sales plunge in Latin America and the Caribbean and tariffs impacting exports to the US. Despite a 53% drop over five years, recent sales narrowly beat expectations due to seasonal and event-driven boosts. The US market, accounting for 40% of net sales, remains a concern. Tariff removals on Scotch whisky and signs of stabilization in Africa and Latin America have improved investor sentiment, but full-year guidance remains cautious under new CEO Sir Dave Lewis.