Tech
The tech companies, chips and platforms moving indexes and reshaping the economy.
China's 618 Phone Sales Drop 13% as Higher Memory Costs Limit Discounts
China's 618 shopping festival saw smartphone sales fall 13% year-on-year, according to Counterpoint Research. Higher memory component costs
Intel-Backed Syntiant Files for IPO as AI Chip Listings Surge
Syntiant, an Intel-backed low-power AI chipmaker, has filed for a Nasdaq listing. The company reported $64.5 million in revenue and a $20.9
Samsung Expects 19-Fold Profit Surge as AI Demand Drives Memory Chip Prices Higher
Samsung Electronics expects its April–June operating profit to surge about 19-fold from a year ago. The jump is fueled by rising prices for
Jefferies Backs SiteMinder's Path to First Profit by Late 2026
Jefferies has reaffirmed confidence in SiteMinder, predicting its first profit in late fiscal 2026. The bank downplays AI disruption risks,
Coursera Begins Job Cuts After Udemy Merger, Expects Up to $11 Million in Severance Costs
Coursera is cutting jobs after completing its Udemy merger on May 11. The company expects $8-11 million in severance charges, with some role
Uber Pauses Europe Eats Expansion in Five Countries, Focuses on Delivery Hero Deal
Uber is pausing most of its planned Uber Eats expansion in Europe, shelving launches in five of seven targeted countries. The move signals a
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