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Dow falls 758 points as inflation report hits record low
... sensitive to Fed rate hikes, jumped above 2.9% on Friday. As investors struggled with higher rates and a potential recession, tech stocks were under pressure. The shares of Netflix fell by nearly 5% after a downgrade from Goldman Sachs . The chip giant Nvidia slid 4%. Banks and cyclical stocks also moved lower, possibly reflecting recession fears. Wells Fargo 's shares fell by 4%. Boeing dropped 3.6%. The S&P 500 and Nasdaq Composite fell more than 2% on Thursday. The Dow fell by more than 600 points ...
Updated: 06/10/2022
U.K. to do full-court press to help Arm go public
... London Stock Exchange's free float requirement regarding the proportion of freely tradable shares. The effort paid off last year when Wise, the British money transfer startup, was listed in London. When SoftBank agreed to sell Arm to US tech company Nvidia in 2020, a deal that was ultimately doomed, Arm was worth $40 billion. Such a valuation would make the chip designer one of the biggest listings on the London Stock Exchange's history. But losing Arm to Nasdaq could spark political sparks in ...
Updated: 06/10/2022
Taiwan chip price plunge Means no end to the rout
... fall seen in the global semiconductor benchmark index in 2022, despite the fact that it has shed more than a tenth of its share value. The company is the most advanced maker of chips in the global technology supply chain, for giants from Apple Inc. to Nvidia Corp. As soon as non-fundamental factors disappear, buyers may return, said Alex Huang , manager of the Capital Hi-Tech Fund in Taipei. He believes that the war in Ukraine and inflationary concerns will affect the makers of semiconductors, changing ...
Updated: 06/09/2022
AMD CEO Lisa Su says data center is the biggest growth opportunity for company
... central-processing units, or CPUs, from Intel Corp. INTC , With the recent acquisition of Pensando, Su said AMD now has leading technology in data processing units, or DPUs, which are specially designed to process data on a large scale. Intel and Nvidia Corp. NVDA are major suppliers of DPUs. Su said AMD plans to be the partner of choice in the data center over the next three to four years. When you think about where we are today, it's such a different company than where we were a couple of years ...
Updated: 06/09/2022
Microsoft Xbox games to be streamed on Samsung TVs
... console-free TV gaming by linking up with Samsung, the world's top TV manufacturer. The service will be compatible with a wide range of wireless controllers, including ones for Sony Group's competing PlayStation 5. Samsung will make Google 's Stadia, and Nvidia 's GeForce NOW cloud gaming services available on 2022 smart TVs. As smart TVs make them easy to access, streaming services like Netflix have enjoyed an explosion of demand. After years of being limited to a select number of services, cloud gaming ...
Updated: 06/09/2022
Taiwan chip maker TSMC expected to grow 30% in 2022
... gadgets. On Wednesday, executives reaffirmed the company's projection for $17.6 billion to $18.2 billion of revenue this quarter, and supported gross margins of as much as 58%. TSMC , the most advanced maker of chips for tech giants from Apple Inc. to Nvidia Corp. , increased by more than 1% in Taipei, after having shed more than a tenth of its value this year. In past years, the Taiwan company has been one of the biggest beneficiaries of the growing demand for chips in a variety of connected devices,...
Updated: 06/08/2022
Amazon stock split may provide relief to investors
... Frederick , vice president of trading and derivatives for the Schwab Center for Financial Research. Frederick said it's not nearly as big a deal as it used to be in the old days. Amazon is the latest megacap company to split its stock. Apple , Tesla, and Nvidia are among the companies that have split their shares since 2020. Alphabet Inc also announced a 20 for 1 stock split in February, with its split expected to take effect next month.
Updated: 06/07/2022
Elon Musk’s callout shows how tech companies are slowing down growth
..., it is becoming clear that we need to take more stringent measures to slow down our headcount growth. A slowdown in hiring, a hiring freeze or an outright headcount reduction have all been announced by tech giants ranging from Meta Platforms FB to Nvidia NVDA to Peloton PTON and Netflix NFLX . The number of news stories mentioning hiring freeze this month has exploded to the highest level since the summer of 2020, when the economy was just emerging from a Pandemic-induced recession, as The Daily ...
Updated: 06/03/2022
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