Tech
The tech companies, chips and platforms moving indexes and reshaping the economy.
Apple beats earnings estimates but stock dips on supply and services concerns
Apple reported a strong quarter driven by iPhone and Mac sales, beating revenue estimates. However, the stock dipped 2.6% after hours as sup
Roblox age checks weigh on bookings as growth slows
Roblox expects third-quarter bookings of $1.58-1.65 billion, missing analyst estimates of $1.77 billion. The company says stricter age verif
Reddit raises revenue forecast as AI ad tools offset slower user growth
Reddit guided third-quarter revenue to $860-870 million, topping Wall Street forecasts. The growth came from AI-powered ad tools, even as US
AWS revenue surge signals AI spending is starting to pay off for Amazon
Amazon's cloud unit AWS posted a 37% revenue jump to $42.2 billion, topping analyst forecasts. The strong growth suggests that the billions
US CHIPS Act targets $874 million at smaller AI chip suppliers
The US Commerce Department is allocating $874 million in CHIPS Act support to seven smaller semiconductor tech firms, taking minority equity
Chip stocks surge as Microsoft's strong results ease AI spending fears
Chip stocks surged Thursday as Microsoft's better-than-expected results reassured investors about AI spending. Meta fell on a softer outlook
Google backs $15 billion AI data center project in Texas with Anthropic deal
Nexis Data Centers is lining up $15 billion for an AI-focused campus in Texas. Google is helping fund the deal by backing payments from Anth
CoreWeave Q2 revenue likely near top of guidance, Oppenheimer says
Oppenheimer analysts predict CoreWeave's Q2 revenue will land near the top of its guidance range, easing investor worries about AI data-cent
Meta's AI spending surge raises questions about when returns will arrive
Wedbush Securities has boosted its capital spending estimates for Meta through 2028, but cut its price target as the company's massive AI bu
Unitree IPO faces headwinds as FCC blocks foreign-made advanced robots from US market
Unitree, a Chinese robot maker, is preparing for a Shanghai IPO just as the FCC adds foreign-made advanced robots to its Covered List. This
Cognizant's AI Builder push hits 8,000 engagements as clients seek ROI
Wedbush says Cognizant's AI Builder push has resulted in roughly 8,000 AI engagements. Clients are seeking better returns on their AI invest
Silicon Motion surges as AI and auto chip demand drives 127% revenue jump
Silicon Motion Technology reported a massive Q2 beat, with revenue jumping 127% to $451 million, driven by strong demand for its storage-con