Tech
The tech companies, chips and platforms moving indexes and reshaping the economy.
SpaceX Joins Nasdaq 100 After Record IPO, Forcing $4.9B in ETF Buying
SpaceX has been added to the Nasdaq 100 just 15 trading days after its massive IPO, forcing ETFs tracking the index to buy up to $4.9 billio
Microsoft Cuts 4,800 Jobs in Xbox Restructure as AI Spending Pressures Margins
Microsoft is cutting 4,800 jobs, with most tied to an Xbox restructure. The company also plans to divest up to five game studios as it shift
Morgan Stanley Raises Chip Equipment Spending Forecast for 2027-2028, Holds Off on Most Bullish Scenario
Morgan Stanley now expects higher spending on wafer fab equipment in 2027-2028 than previously forecast. However, the bank is not yet incorp
Corning's Optical Unit Poised for Strong Q2 on AI Fiber Demand, BofA Says
Bank of America expects Corning's optical segment to benefit from AI data-center fiber demand, keeping Q2 revenue and profit on track or sli
Broadcom-Apple Chip Deal Through 2031 Lifts Nasdaq as Earnings Season Looms
Broadcom's extended chip deal with Apple through 2031 sent its stock up 5.7% and lifted the Nasdaq. The move highlights narrow market leader
Bitcoin Miner TeraWulf Lands $19 Billion AI Data Center Deal with Anthropic
TeraWulf has signed a 20-year data center lease with AI company Anthropic, potentially adding $19 billion in contracted revenue. The deal tr
Microsoft Cuts 4,800 Jobs as AI Data Center Costs Squeeze Cash Flow
Microsoft is laying off roughly 4,800 employees, or 2.1% of its workforce, as heavy investment in AI data centers strains cash flow. The cut
Micron Locks In Memory Chip Supply Deals With Ford, GM as Auto Demand Surges
Micron has inked long-term deals with Ford and GM to supply memory chips for next-gen vehicles. The pacts come as DRAM prices surge 70% sinc
Chip Stocks Surge as Broadcom Inks Multi-Year Apple Deal, Ceva Lands AI License
Broadcom shares rose over 4% after signing multi-year custom silicon agreements with Apple. Ceva gained more than 6% on an AI licensing deal
Tech Futures Rise Despite Nvidia's Next-Gen AI Rack Delay
US stock futures edged higher even as reports said Nvidia may delay commercialization of its next-generation AI server rack by about 12 mont
SK Hynix Lists on Nasdaq with $28 Billion ADR Offering to Fund AI Chip Expansion
SK Hynix, a key supplier of high-bandwidth memory for AI servers, is listing on Nasdaq via a $28 billion ADR offering. Early investors have
Hedge Funds Dump Chip Stocks for Fourth Week as SOX Slides 4.2%
Hedge funds have been cutting positions in chip and tech hardware stocks for four consecutive weeks, according to Goldman Sachs. The selling