KBC Group today announces the appointment of Kris Vervaet as CIO and member of the Executive Committee of KBC Group, subject to approval by the European Central Bank and the National Bank of Belgium. He will assume the role on 1 September and will work closely with Erik Luts in the coming months to ensure a smooth continuation. Erik Luts will retire on 31 August after a remarkable career that is closely linked to KBC’s digital evolution. A journey shaped by people, technology and transformationE
Apple has reportedly asked the US government for approval to buy memory chips from blacklisted Chinese supplier ChangXin Memory Technologies during an AI driven chip shortage. A separate ransomware attack on Indian supplier Tata Electronics has led to a leak of sensitive iPhone 18 Pro component and manufacturing data. These developments raise fresh questions about Apple's supply chain resilience, regulatory exposure and data security ahead of future hardware launches. Apple, ticker...
Micron is now 1.9% of the benchmark index in terms of weight.
A recent This Week in Tech (TWiT) episode titled “Flock of SQLs,” explored an unintended consequence of the AI boom that feels meaningful for semiconductor and consumer hardware stocks. A global RAM shortage driven by AI data center demand is forcing device makers to raise prices. The three dominant memory suppliers, SK Hynix, Micron, and ... Tech Experts Warn: Memory Shortage Crisis Won’t Ease Until 2028, and RAM Makers Have No Incentive to Fix It
When a memory shortage pushes up the price of your next laptop, what company is actually benefiting the most?
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.
Apple's price increases may cause its revenue growth to decelerate, causing its share price to sink further.
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