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Why Are Chip Stocks Trading Lower On Monday?
Monday, November 11, 2024 - 1:13pm | 759Chip stocks including Nvidia Corp (NASDAQ:NVDA), Broadcom Inc (NASDAQ:AVGO), Intel Corp (NASDAQ:INTC), Arm Holdings plc (NASDAQ:ARM), Advanced Micro Devices, Inc (NASDAQ:AMD) Credo Technology Group Holding (NASDAQ:CRDO), Lattice Semiconductor Corp (NASDAQ:LSCC), Microchip Technology Inc (NASDAQ:...
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Canaan Secures Major Mining Deal With HIVE, Shares Soar On Equipment Order
Monday, November 11, 2024 - 7:17am | 512On Monday, Canaan Inc. (NASDAQ:CAN) revealed that its wholly owned Singapore subsidiary, Canaan Creative Global, entered into a purchase agreement with HIVE Digital Technologies Ltd. (NASDAQ:HIVE) for Avalon A1566 mining machines. Under the agreement, Canaan Creative Global will supply HIVE with 6,...
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AT&T Buys $1 Billion in Spectrum Licenses from US Cellular to Boost Network Reach
Thursday, November 7, 2024 - 2:33pm | 674United States Cellular Corp (NYSE:USM) has agreed with AT&T Inc (NYSE:T) to sell a portion of its retained spectrum licenses for $1.018 billion. The transaction aligns with UScellular's strategy, announced in May 2024, to capitalize on its remaining spectrum assets, which are not included in...
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Taiwan Semi and GlobalFoundries Finalize Major US Funding Deals, Eye Growth in Chip Manufacturing
Thursday, November 7, 2024 - 11:23am | 719Prominent chipmakers, including Taiwan Semiconductor Manufacturing Co (NYSE:TSM) and GlobalFoundries Inc (NASDAQ:GFS), have finalized agreements for substantial U.S. government grants and loans to support their manufacturing efforts, Bloomberg cites familiar sources. This milestone, confirmed by a...
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Nvidia Takes Short-Lived Lead Over Apple In Valuation
Tuesday, November 5, 2024 - 12:54pm | 688On Monday, Nvidia Corp (NASDAQ:NVDA) briefly claimed the title of the most valuable company globally, surpassing Apple Inc (NASDAQ:AAPL) in market value. Nvidia’s stock surge pushed its market cap to $3.38 trillion, edging past Apple’s $3.35 trillion, CNBC reports. Although Apple...
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End Of An Era - AI Propels Nvidia To Replace Struggling Intel In Dow Index
Monday, November 4, 2024 - 9:11am | 655Nvidia Corp (NASDAQ:NVDA) maintained its upward momentum on Monday as it prepares to replace Intel Corp (NASDAQ:INTC) in the Dow Jones Industrial Average. Struggling chipmaker and key U.S. Chips Act contender Intel stock is trading lower on Monday. S&P Dow Jones Indices announced Friday that...
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What's Going On With Taiwan Semiconductor and ASML Stocks On Friday?
Friday, November 1, 2024 - 10:58am | 435Taiwan Semiconductor Manufacturing Co (NYSE:TSM) will acquire new high-precision equipment by year-end, enhancing its chipmaking capabilities. The Dutch supplier ASML Holding NV (NASDAQ:ASML) will provide Taiwan Semiconductor with high numerical aperture extreme ultraviolet (high NA EUV)...
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AdTech Stock Magnite Gains as Disney Renews Key Deal, Expands ESPN and Podcast Offerings
Wednesday, October 23, 2024 - 2:00pm | 499Magnite, Inc (NASDAQ:MGNI) stock got a boost from a deal renewal with Walt Disney Co (NYSE:DIS) Wednesday. The two companies extended their deal for another two years, marking six years of collaboration. Magnite remains Disney’s preferred supply-side technology partner, enabling the...
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Amazon Attacks Temu and Shein's Turf with New Low-Cost Storefront: Report
Wednesday, October 23, 2024 - 1:24pm | 749Amazon.Com Inc’s (NASDAQ:AMZN) rivalry with discount platforms like PDD Holdings Inc’s (NASDAQ:PDD) Temu and Shein prompted the former to set strict price caps for merchants on its new low-cost storefront. The Information reports that the price limits, based on messages sent to...
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Apple iPhone 16 Discounts Roll Out on Alibaba's Tmall, AI Delays and Domestic Competitors Fuel Aggressive Pricing
Tuesday, October 22, 2024 - 11:12am | 621Apple Inc (NASDAQ:AAPL) has reduced iPhone 16 prices by up to 1,600 yuan ($225) on its Alibaba Group Holding’s (NYSE:BABA) Tmall store to boost sales during Singles’ Day, the world’s largest shopping festival. Beginning Monday evening, Apple offered a 500-yuan voucher for all...
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Nvidia Joins Big Tech Hyperscalers At HLTH Conference, Partners With Microsoft To Drive AI Innovations
Monday, October 21, 2024 - 2:19pm | 756Tech giants like Nvidia Corp (NASDAQ:NVDA), Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) Google, and Microsoft Corp (NASDAQ:MSFT) descended in Las Vegas this week to showcase artificial intelligence (AI) tools they claim can significantly reduce the administrative burden on healthcare professionals....
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Microsoft, Salesforce Battle Heats Up As AI Agent Technology Takes Center Stage
Monday, October 21, 2024 - 9:45am | 617Microsoft Corp (NASDAQ:MSFT) announced during its “AI Tour” event in London that businesses will be able to develop their own autonomous artificial intelligence agents starting in November. These autonomous AI agents, which act as virtual assistants capable of performing tasks without...
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What's Going On With Nvidia Stock On Friday?
Friday, October 18, 2024 - 11:30am | 665Nvidia Corp’s (NASDAQ:NVDA) Blackwell chips will not be available before early 2025, affecting key clients like Amazon.com Inc’s (NASDAQ:AMZN) cloud unit. The artificial intelligence chip designer’s production challenge prompted Amazon Web Services to wait for bulk volumes of the...
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Apple's 3nm Push Boosts Taiwan Semi's Q3, AI Revenue Set To Triple: Analyst
Thursday, October 17, 2024 - 1:33pm | 771Taiwan Semiconductor Manufacturing Co (NYSE:TSM) stock surged after upbeat quarterly print on Thursday. The key Nvidia Corp (NASDAQ:NVDA) supplier reported third-quarter revenue of 759.69 billion New Taiwan dollar ($23.50 billion), up 39%, topping $22.4 billion-$23.2 billion guidance and the...
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Alibaba And JD.com Ease Rivalry, Share Logistics In Response To Economic Challenges
Thursday, October 17, 2024 - 8:13am | 550Alibaba Group Holding (NYSE:BABA) and its Chinese hyperscalar rivals have responded to the domestic regulatory crackdown and economic weakness by opening their walled gardens to one another. Alibaba will now allow merchants on its e-commerce platforms to access logistics services from rival JD.com...