Tech
The tech companies, chips and platforms moving indexes and reshaping the economy.
EU pledges €525M to help chip startups scale and catch up with US, China
The EU announced €525 million in funding for chip startups to help them scale faster. The move aims to close Europe's semiconductor gap with
China blocks SoftBank's $5.4B ABB robotics deal over AI data fears
China's top economic planner is reportedly blocking SoftBank's $5.4 billion deal to buy ABB's robotics unit over data transfer fears. The mo
Qualcomm braces for flat phone market, bets on data center chips
Qualcomm told investors it expects the smartphone market to stay flat or shrink by 2027. The chipmaker is betting on data center and other n
Arm's AI Data Center Push Fails to Win Over Investors
Arm's Q3 revenue outlook of $1.54B and a $2B AGI CPU sales target didn't excite investors, who pushed the stock down 3.5% after hours. The c
Qualcomm's Phone Chip Business Still Soft, but AI Deals Are Growing
Qualcomm's handset chip sales fell short as weak smartphone demand and shrinking Apple-related revenue weighed on results. But the company i
Figma's AI credits lift outlook but gross margin misses
Figma raised its revenue and operating margin outlook as over 80% of large customers use AI credits weekly. But gross margin missed estimate
Qualcomm Bets Its Post-Apple Future on Cars, IoT and AI Chips
Qualcomm's first-quarter revenue guidance came in slightly above analyst expectations, as new automotive, IoT and AI chip deals help offset
Arm's AI royalties and licensing fees drive revenue beat
Arm's fiscal second-quarter revenue hit $1.44 billion, beating estimates, as AI-driven demand boosted licensing fees. Royalties were softer
State data center rules split tech stocks as AI buildout slows
Morgan Stanley warns that state-level restrictions could slow AI data center construction, creating a patchwork of allowed and restricted zo
Sequoia Capital shuts London office, signals shift in European strategy
Sequoia Capital is closing its London office, telling Reuters it can support European founders from its Bay Area base. The move lands awkwar
Apple Tightens Daily AI Spending Caps for Some Teams
Apple has reportedly lowered daily AI token allowances for some engineering teams to $200 from $300, with further cuts under consideration.
Democrats' midterm sweep sets up AI data center roadblocks
Democratic control of Congress and key governorships could stall AI data center projects, hitting chipmakers and operators. The S&P 500 rose