Pason Systems Inc. Appoints Two New Directors to Board
Pason Systems Inc. has appointed Sean Makins and Ted Bursey to its board of directors, effective November 5, 2026.
Stocks · News reference
Analog Devices acquires Alif Semiconductor for $1.35B to expand edge AI capabilities across industrial, robotics, and energy markets.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
Pason Systems Inc. has appointed Sean Makins and Ted Bursey to its board of directors, effective November 5, 2026.
Pason Systems Inc. announced its financial results for the third quarter of 2026 and declared a quarterly dividend.
The Nasdaq dropped 5.5% following midterm election results, as investors feared political backlash against data center construction, particularly in Texas where the governor-elect proposed a temporary moratorium. Semiconductor stocks collapsed, with the VanEck Semiconductor ETF losing 11.2%. However, analysts argue this reaction is likely an overreaction, as AI demand remains strong and any slowdown would likely shift construction abroad rather than eliminate growth.
Nvidia's forward P/E fell to 15.2x, below Kimberly-Clark's 15.5x. The AI chipmaker now trades cheaper than 22 of 33 consumer staples stocks.
Ten U.S. tech giants erased about $1.74 trillion in market value Thursday as Nvidia, Micron and AMD led a post-midterm sell-off in AI and chip stocks.
Nvidia, Micron and eight other AI stocks fell below their 200-day moving average this week as the midterm vote hit AI spending bets.