big tech

Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM), on Tuesday, reported December quarter revenues that implied that the quarterly numbers came roughly in line with estimates. The topline growth, however, slowed both from the previous quarter and the year. What Happened: Taiwanese...

Tech earnings news flow will hit Wall Street in earnest in two weeks and an analyst at Wedbush painted a positive picture concerning the prospects for the sector. Guidance The Key: As the focus shifts to fourth-quarter earnings, the wildcard would be the 2023 guidance and overall demand...

Apple, Inc. (NASDAQ: AAPL) shares came under renewed selling pressure on Tuesday on demand worries. The Apple Analyst: Wedbush analyst Daniel Ives maintained an Outperform rating and reduced the price target from $200 to $175. The Apple Thesis: Supply chain checks from Asia are mixed concerning...

Major Wall Street indices closed over 1% higher on Thursday after the much-awaited year-end rally materialized in the form of dip-buying. The Nasdaq Composite closed 2.59% higher while the S&P 500 rose 1.75%. The Dow gained 1.05%. Here are the five stocks that are drawing investors’...

U.S. markets opened lower on Tuesday in a truncated week after rising bond yields dragged major growth stocks and indices. The yield on the 10-year benchmark Treasury notes rose over 10 basis points to 3.858% as investors and traders began considering the possibility of a recession in 2023 and...

Apple Inc (NASDAQ: AAPL) CEO Tim Cook is “all but assured” to lead the iPhone maker until 2025, but long-time expert Mark Gurman said he is likely to make his exit soon after a key product category is introduced. What Happened: Gurman explored Apple’s succession plans in a...

The U.S. index futures are pointing to a lower start for Wall Street stocks on Monday, as the upward momentum built over the last week falters amid geopolitical tensions. U.S. stocks advanced in the holiday-shortened week that ended Nov. 25 as traders returned to buying ways encouraged by the less-...

Tech stocks have led the current market downturn and most of these, including big techs, have seen billions wiped away from their market capitalization. What Happened: CNBC’s “Mad Money” host Jim Cramer on Tuesday recommended a bunch of beaten-down tech stocks that could make a...

The State Board of Administration of Florida Retirement System has loaded up on shares of streaming giant Netflix Inc. (NASDAQ: NFLX) and cloud computing firm Snowflake Inc. (NYSE: SNOW) in the third quarter, according to SEC filings. What Happened: The retirement fund has bought...

Big techs such as Amazon Inc. (NASDAQ: AMZN), Meta Platforms Inc. (NASDAQ: META) and Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) came under intense selling pressure amid the current market downturn. Notwithstanding the oversold levels of these stocks, it may not be time yet to bottom fish these...

Apple, Inc. (NASDAQ: AAPL) announced on Sunday that the supply of its iPhone 14 Pro, Pro Max would be impacted by the COVID-19 curbs in Zhengzhou, China, where the assembly plant of its supply-chain partner Hon Hai Precision Manufacturing Company Limited (OTC: HNHPF) is located. What Happened: The...

Big tech’s foray into self-driving technology and, as an extension, into the automotive industry hasn’t gone down well with lawmakers. What Happened: Big tech’s expansion into the automotive industry poses serious concerns about emerging competition and consumer protection issues...

Apple Inc. (NASDAQ: AAPL) was a standout performer in the September quarter even as several of its tech peers struggled, and it is considered as a recession-proof name. What Happened: Apple’s fundamental performance has helped its stock perform relatively better than other big techs. Apple...

Meta Platforms Inc.'s (NASDAQ: META) instant messaging app WhatsApp has banned more than two million accounts in India.  What Happened: In accordance with the new IT rules, WhatsApp banned 2.685 million accounts in September in India. On Tuesday, the company announced around 8.72 million...

Spotify Technology S.A. (NYSE: SPOT) founder and CEO Daniel Ek slammed Apple Inc. (NASDAQ: AAPL) on Tuesday for allegedly continuing to "disadvantage competitors." What Happened: Ek quote-tweeted a New York Times report that delved into Apple’s rejection of the...