China's Nexchip Semiconductor seeks to raise up to HK$6.98 billion ($890.26 million) in a Hong Kong share sale, an exchange filing showed on Tuesday. The chip firm is offering 216.2 million shares at maximum HK$32.30 each and expects dealing of H shares to begin on July 10, the filing showed. Nexchip's raising follows a slew of Chinese technology firms seeking to raise funds in Hong Kong's red-hot capital markets, with Apple supplier Luxshare Precision Industry revealing on the day an up to $3.10 billion share sale.
On June 25, Apple (AAPL) raised prices on iPads and MacBooks due to skyrocketing memory chip costs, according to Reuters. The stock dipped that same day, closing 6% lower and losing more than $260 billion in market cap. The price increases hit Apple’s MacBook Neo, raising its starting price to $699 ...
Amazon stock climbed Monday after a rough week for shares of the e-commerce and cloud-computing behemoth.
Apple's price hikes on a range of products due to rising memory chip costs might not fully cover its increased expenses.
Tesla stock rose over 8% on Monday, after a poor showing the week prior, leading the Magnificent Seven. Elon Musk's automaker will report second-quarter deliveries this week.
Loop stays bullish despite political supply-chain risk.
Dan Ives went on CNBC with a message for anyone watching Big Tech bleed out in June. Nearly $3 trillion in market cap has evaporated this month on AI capex skepticism, and Wedbush’s Global Head of Technology Research thinks the market has the story upside down. “These are way oversold names,” he said, naming Microsoft (NASDAQ:MSFT), ... Dan Ives Says the $3 Trillion Tech Wipeout Is a Buying Opportunity. Here’s His Case
Alphabet Inc (NASDAQ:GOOG) shares climbed about 5% on Monday after the company officially joined the Dow Jones Industrial Average, replacing Verizon Communications Inc (NYSE:VZ, XETRA:BAC) in a change that reflects the index's increasing exposure to large-cap technology and artificial...
Charter Communications stock is near the top of the S&P 500. SpaceX and Comcast are part of the move with possible changes coming to U.S. Internet providers.
Sensitive lists of components and suppliers, and photos of Apple's upcoming iPhone 18 Pro models are part of files posted on the dark web by the ransomware group that stole data from the U.S. firm's Indian supplier Tata Electronics, according to documents and a source. The exposure threatens the carefully negotiated business of building the iPhone, which Apple assembles from a thicket of suppliers worldwide. It could also upset Apple and its relationship with Tata given most of the supplier arrangements are fiercely protected by Apple, and could also hand rivals, counterfeiters and its own vendors a view of who makes what.
The technology giant is posting record results driven by its cloud and AI businesses, but the decision to buy hinges on whether you believe its large investment in the future will pay off.
The bank says STM's revenue outlook is improving across key growth areas.
Loop Capital kept its Buy rating as Apple reportedly seeks more supply flexibility.
Tech stocks were higher Monday afternoon, with the State Street Technology Select Sector SPDR ETF (X
Are cheap Chinese chips coming to steal Micron's market share -- and profits?
Investing.com -- Alphabet Inc. (NASDAQ:GOOGL) shares rose 3.7% to $350.24 on Monday as the Google parent company began trading as a member of the Dow Jones Industrial Average, replacing Verizon Communications (NYSE:VZ).
Will cheap Chinese chips steal Sandisk's market share -- and profits?
Microsoft (NASDAQ:MSFT) is the stock every cloud bull and AI evangelist keeps pointing at, drawn by an AI business that just crossed a $37 billion annual run rate and Azure growth holding at 40%. But here’s what you should actually be watching. The Capex Furnace Nobody Wants to Price Microsoft just spent $30.88 billion on ... Apple vs. Microsoft: The Enterprise Capex Bubble vs. The Asset-Light Consumer Fortress
The bank’s top equity strategist thinks artificial-intelligence spending will be the big story again for this coming second-quarter earnings season.
Alphabet shares climbed on Monday as the Google parent made its debut in the blue-chip Dow Jones Industrial Average, replacing Verizon Communications, and immediately ranking among its most influential members. • Its shares rose 3.7% to $350.24, offering one of the biggest boosts to the 30-member Dow. • The company replaced Verizon on the index, S&P Dow Jones Indices said in an announcement on June 23.