Tech
The tech companies, chips and platforms moving indexes and reshaping the economy.
Apple and Huawei Defy China's Smartphone Slump as Rivals Raise Prices
China's smartphone market shrank for the fifth straight quarter in Q2, with shipments down 4.3%. Apple and Huawei bucked the trend by holdin
Nvidia Slashes Approved Asia AI Chip Buyers by Over Half Amid Tighter China Export Controls
Nvidia has reportedly cut its approved Asian customer list for advanced AI chips by more than half after tightening compliance reviews. The
China's CXMT Aims for $4.35 Billion Shanghai IPO, Potentially Asia's Largest This Year
ChangXin Memory Technologies (CXMT) has launched its IPO book-building to raise 29.5 billion yuan ($4.35 billion) ahead of a July 27 listing
Apple Sues OpenAI Over Poaching, TSMC Sales Surge 36% as AI Boom Continues
Apple is suing OpenAI, accusing the AI firm of poaching engineers and stealing trade secrets. Meanwhile, TSMC's sales surged 36% last quarte
Thomson Reuters Cuts Engineering Roles, Plans 250+ AI Hires in Two-Year Shift
Thomson Reuters is cutting a small number of engineering roles as it pushes AI deeper into its products. The company plans more than 250 net
Meta's $50B AI Pledge Fails to Lift Chip Stocks as Google's In-House Chips Raise Nvidia Doubts
Meta said it will spend more than $50 billion on AI computing infrastructure, yet semiconductor stocks dropped 4.3%. Google's in-house chips
Check Point Stock Stuck in Range Until Product Growth Returns, Oppenheimer Says
Oppenheimer expects Check Point Software's stock to remain rangebound until product sales show steady growth, with Q2 results due July 30th.
Apple Sues OpenAI Over Alleged Theft of Hardware Trade Secrets by Ex-Employees
Apple sued OpenAI on Friday, alleging the AI giant poached engineers and stole hardware secrets to build competing devices. The lawsuit mark
TSMC Sales Surge 36% as AI Chip Demand Shows No Signs of Slowing
TSMC's sales jumped 36% last quarter, driven by strong demand from AI giants like Nvidia and Meta. The results suggest the AI boom is still
Google Pitches Custom TPU Chips to Smaller Cloud Providers, Challenging Nvidia's AI Dominance
Google is expanding its AI chip strategy by offering Tensor Processing Units to smaller cloud providers. The move could challenge Nvidia's d
Netflix's Ad Business May Be Underpricing by Billions, Oppenheimer Says
Oppenheimer analysts argue Netflix is undercharging for ads, potentially leaving billions on the table. Matching rival streamers' ad prices
Keysight Technologies: The Unsung AI Infrastructure Play Morgan Stanley Is Betting On
Morgan Stanley upgraded Keysight Technologies, citing its growing AI revenue and role as a critical tester for new hardware. The bank sees K