Today: September 19, 2024
Today: September 19, 2024

Latest From Arsheeya Bajwa

Business|Technology

Intel's Dow status under threat as struggling chipmaker's shares plunge

Intel was one of the first two tech companies to join the Dow Jones Industrial Average during the late-'90s dot-com boom, along with Microsoft.

Intel's Dow status under threat as struggling chipmaker's shares plunge
Business|Technology

Nations building their own AI models add to Nvidia's growing chip demand 

Nations building artificial intelligence models in their own languages are turning to Nvidia's chips, adding to already booming demand as generative AI takes center stage

Nations building their own AI models add to Nvidia's growing chip demand 
Business|Finance|Technology

Nvidia fails to impress growth-hungry investors, shares fall

Nvidia's quarterly forecast on Wednesday failed to meet lofty expectations of investors who have driven a dizzying rally in its stock as they bet billions on the future of

Nvidia fails to impress growth-hungry investors, shares fall
Uncategorized

Nvidia sales likely doubled - even that may not impress investors

Nvidia is likely to report on Wednesday that its second-quarter revenue more than doubled.

Nvidia sales likely doubled - even that may not impress investors
Business|Economy|Technology

Intel to cut 15% jobs, suspend dividend in turnaround push; shares plummet

Intel said on Thursday it would cut more than 15% of its workforce, some 17,500 people, and suspend its dividend starting in the fourth quarter as the chipmaker pursues a

Intel to cut 15% jobs, suspend dividend in turnaround push; shares plummet
Business|Technology

IBM gets lift from software, AI demand as consulting slips

IBM beat analysts' estimates for second-quarter revenue and raised its annual growth forecast for its software business on Wednesday, riding on higher AI-linked spending

IBM gets lift from software, AI demand as consulting slips
Business|Economy|Technology

Chip stocks shed over $500 billion in value on China trade fears

Wall Street's semiconductor index lost more than $500 billion in stock market value on Wednesday in its worst session since 2020 after a report said the United States was

Chip stocks shed over $500 billion in value on China trade fears
Business|Economy|Technology

IBM nearing deal for cloud software provider HashiCorp, source says

International Business Machines is nearing a deal to buy cloud software provider HashiCorp, according to a person familiar with the matter.

Business

Global smartphone market set to rebound in 2024, report says

Global smartphone shipments are expected to rebound 3% this year as easing inflation aids a demand recovery in emerging markets and the integration of generative AI

Global smartphone market set to rebound in 2024, report says
Business

Nvidia's surging growth may still disappoint some investors

Nvidia is set to post a more than three-fold surge in its fourth-quarter revenue on Wednesday, the same as in the previous quarter, as demand for its chips that dominate

Nvidia's surging growth may still disappoint some investors
Business

Palantir forecasts strong 2024 profit on robust AI demand, shares jump

Palantir Technologies forecast 2024 profit above Wall Street estimates and reported its "first profitable year" on Tuesday on strong demand for its AI offerings, sending

Palantir forecasts strong 2024 profit on robust AI demand, shares jump
Business|Technology

Broadcom soars as demand for AI chips powers forecast raise

Broadcom surged about 15% on Thursday as its upbeat annual forecast highlighted insatiable demand for chips used in powering AI-focused technology, while its announcement

Broadcom soars as demand for AI chips powers forecast raise
Business|Technology

Wall Street bets on stellar quarterly results from Nvidia

Wall Street is betting on a blowout quarterly report from Nvidia on Wednesday, with its stock near record highs as investors look for evidence that the AI chipmaker can

Wall Street bets on stellar quarterly results from Nvidia
Business|Economy|Technology

IBM to buy HashiCorp in $6.4 billion deal to expand in cloud

International Business Machines will buy HashiCorp in a deal valued at $6.4 billion, the company said on Wednesday, expanding its cloud-based software products to tap into

IBM to buy HashiCorp in $6.4 billion deal to expand in cloud
Business|Economy|Technology

TI forecasts Q2 revenue above estimates as analog chip demand improves

Texas Instruments forecast second-quarter revenue above analysts' estimates on Tuesday, signaling an uptick in demand for its analog semiconductors after a prolonged

TI forecasts Q2 revenue above estimates as analog chip demand improves
Science|Technology

OpenAI sets up safety committee as it starts training new model

OpenAI has formed a Safety and Security Committee that will be led by board members, including CEO Sam Altman, as it begins training its next artificial intelligence

OpenAI sets up safety committee as it starts training new model

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