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Applied Materials sinks 13% on weak guidance due to China demand

Applied Materials sinks 13% on weak guidance due to China demand

Finance News

Applied Materials shares plunged more than 13% after the semiconductor equipment maker issued weak guidance as it faces demand pressures in China. The company forecasted adjusted earnings of $2.11 per this quarter, falling short of the $2.39 per share expected by LSEG. The company projected $6.7 billion in revenue, versus the $7.34 billion estimate. During […]

Applied Materials sinks 13% on weak guidance due to China demand Read More »

Government’s Intel intervention is ‘essential’ for national security, tech analyst says

Government’s Intel intervention is ‘essential’ for national security, tech analyst says

Finance News

A government intervention in struggling chipmaker Intel is “essential” for the sake of national security, analyst Gil Luria said Friday, following a report that the Trump administration is weighing taking a stake in the company. “We’re all capitalists,” Luria, head of technology research at D.A. Davidson, said in an interview with CNBC’s “Squawk Box.” “We

Government’s Intel intervention is ‘essential’ for national security, tech analyst says Read More »

China isn’t welcoming Nvidia back with open arms after Trump clears way for H20 exports

China isn’t welcoming Nvidia back with open arms after Trump clears way for H20 exports

Finance News

Nvidia secured what was seen as a major win last month when the U.S. government announced it would allow it to resume sales of its made-for-China H20 chip. But it has since become clear that Beijing wont be rolling out the red carpet. Despite the U.S. softening on chip export controls — which Beijing has

China isn’t welcoming Nvidia back with open arms after Trump clears way for H20 exports Read More »

GPT-5’s rollout fell flat for consumers, but the AI model is gaining where it matters most

GPT-5’s rollout fell flat for consumers, but the AI model is gaining where it matters most

Finance News

Sam Altman turned OpenAI into a cultural phenomenon with ChatGPT. Now, three years later, he’s chasing where the real money is: Enterprise. Last week’s rollout of GPT-5, OpenAI’s newest artificial intelligence model, was rocky. Critics bashed its less-intuitive feel, ultimately leading the company to restore its legacy GPT-4 to paying chatbot customers. But GPT-5 isn’t

GPT-5’s rollout fell flat for consumers, but the AI model is gaining where it matters most Read More »

Intel stock climbs 7% on report Trump administration is considering stake

Intel stock climbs 7% on report Trump administration is considering stake

Finance News

Lip-Bu Tan, chief executive officer of Intel Corp., departs following a meeting at the White House in Washington, DC, US, on Monday, Aug. 11, 2025. Alex Wroblewski | Bloomberg | Getty Images Intel stock rose 7% in trading on Thursday after Bloomberg reported that the Trump administration is in talks with the chipmaker to have

Intel stock climbs 7% on report Trump administration is considering stake Read More »

3 charts that show Palantir’s astronomical growth over the last five years

3 charts that show Palantir’s astronomical growth over the last five years

Finance News

Alexander Karp, chief executive officer and co-founder of Palantir Technologies Inc. Scott Eelis | Bloomberg | Getty Images Palantir‘s astronomical rise since its public debut on the New York Stock Exchange in a 2020 direct listing has been nothing short of a whirlwind. Over nearly five years, the Denver-based company, whose cofounders include renowned venture

3 charts that show Palantir’s astronomical growth over the last five years Read More »

Apple Watch getting redesigned blood oxygen feature following legal dispute

Apple Watch getting redesigned blood oxygen feature following legal dispute

Finance News

Tim Cook, chief executive officer of Apple Inc., during the Apple Worldwide Developers Conference (WWDC) at Apple Park campus in Cupertino, California, US, on Monday, June 9, 2025. David Paul Morris | Bloomberg | Getty Images Apple on Thursday announced a redesigned blood oxygen feature for some Apple Watch users, following a years-long intellectual property

Apple Watch getting redesigned blood oxygen feature following legal dispute Read More »

AI demand boosts iPhone maker Foxconn’s second-quarter profit by 27%, beating forecasts

AI demand boosts iPhone maker Foxconn’s second-quarter profit by 27%, beating forecasts

Finance News

Foxconn Hon Hai Technology Group signage during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Thursday, March 20, 2025. David Paul Morris | Bloomberg | Getty Images Taiwan’s Foxconn, the world’s largest contract electronics maker, reported Thursday that its second-quarter operating profit rose 27% year over year, on the strength of

AI demand boosts iPhone maker Foxconn’s second-quarter profit by 27%, beating forecasts Read More »

Google faces loss of Chrome as Perplexity bid adds drama to looming breakup decision

Google faces loss of Chrome as Perplexity bid adds drama to looming breakup decision

Finance News

Alphabet CEO Sundar Pichai speaks at a Google I/O event in Mountain View, Calif., Tuesday, May 20, 2025. Jeff Chiu | AP Perplexity AI’s bid on Tuesday to buy Google’s Chrome browser for $34.5 billion represents a dramatic moment for the internet search giant, a week before it celebrates the 20th anniversary of its IPO.

Google faces loss of Chrome as Perplexity bid adds drama to looming breakup decision Read More »

Cisco reports narrow earnings beat, issues inline forecast for the year

Cisco reports narrow earnings beat, issues inline forecast for the year

Finance News

Cisco CEO Chuck Robbins speaks at the Business Roundtable CEO Workforce Forum in Washington on June 17, 2025. Al Drago | Bloomberg | Getty Images CIsco reported results on Wednesday that narrowly exceeded analysts’ expectations and issued quarterly guidance that was also better than expected. The stock slipped in extended trading. Here’s how the company

Cisco reports narrow earnings beat, issues inline forecast for the year Read More »

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