Apple’s impressive stock price over the last couple of decades has been propelled by its groundbreaking consumer tech, beginning with the iPod and iMac, then progressing to the iPhone and iPad, and more recently to the Apple Watch and AirPods. But beyond the iconic gadgets, Apple is harnessing its technological expertise to design custom chips …
Bloomberg has reported that Broadcom Inc.’s $61 billion merger with software maker VMware Inc. is facing a list of conditions from Chinese regulators in order to gain approval. The conditions are related to the companies’ sales in the Chinese market, with a focus on ensuring that VMWare’s server software is compatible with local hardware. The …
Traders work on the floor of the New York Stock Exchange (NYSE) on May 18, 2022 in New York City. Spencer Platt | Getty Images The S&P 500 rose on Tuesday, extending its longest winning streak in about two years as Wall Street aimed to build on November’s rally. The S&P added 0.35%, rising for …
An attendee is seen using a cutting-edge Meta Platforms Inc. Quest 3 virtual reality (VR) headset at an event in San Francisco, California. This event took place on September 18, 2023. Image source: David Paul Morris | Bloomberg | Getty Images In a move that could revolutionize augmented and virtual reality wearables, the Federal Communications …
The U.S. Department of Commerce announced on Tuesday its plans to block the sale of advanced artificial intelligence chips to China in the upcoming weeks. This move aims to close loopholes that emerged after last year’s restrictions on AI chip exports came into effect. The news of the new rules caused chip stocks to decline …
With the stock market deeply oversold this week, we strategically invested our cash in various sectors, such as energy, technology, and materials. Additionally, we added a former Club chipmaker to our Bullpen and upgraded a premium beer brand to a buy rating. The market’s Friday reversal allowed us to fulfill our commitment to trim a …
A sign is posted in front of a Broadcom office in San Jose, California, on June 3, 2021. Justin Sullivan | Getty Images News | Getty Images Discover the latest market buzz during midday trading. Cisco Systems, Splunk — The shares of Cisco fell by 4.2% on Thursday as the company announced its acquisition of …
Qualcomm, a leading technology company that powers most smartphones, has been a pioneer in wireless connectivity since the 1980s. Its patented core technologies have enabled licensing fees for every device that uses its wireless communication solutions, including the latest 5G modems. While Qualcomm was once the largest fabless chip company, Nvidia recently surpassed it in …
San Jose, California – June 3, 2021 – A sign is prominently displayed in front of a Broadcom office. Justin Sullivan | Getty Images Discover the latest movers and shakers in midday trading: VMware – The cloud services company experienced a 2.8% decline following a mixed second-quarter report. Despite surpassing expectations for earnings per share, …
In Round Rock, Texas, the Dell Technologies headquarters proudly flies its flag high. The company has recently surpassed analysts’ expectations for the second quarter, causing its stock to surge by 10.5%. Dell reported adjusted earnings per share of $1.74 and revenue of $22.93 billion, beating the estimated $1.14 earnings per share and $20.85 billion revenue …