Meta’s AI Spending Spooks Investors Despite a Revenue Beat
By the numbers, Meta Platforms had a good quarter. Revenue of $60.8 billion in the three months ended June 30 beat the $60.24 billion analysts had expected, and advertising sales…
Qualcomm’s Phone Business Drags as Auto and IoT Pick Up Slack
The smartphone upgrade cycle that Qualcomm has counted on for years still has not arrived. The company’s fiscal third-quarter results, reported Wednesday, showed a business treading water in its biggest…
Microsoft’s Record Quarter Comes With a Heavier Bill for the Future
Investors parsed Microsoft’s fiscal fourth-quarter results on Thursday with unusual care, and the number that drew the most attention was not revenue. It was a figure buried in the company’s…
Samsung’s Memory Business Rides an AI Surge to a Record Quarter
Two years ago, Samsung Electronics executives spent earnings calls explaining losses in the semiconductor division. On Thursday they confronted the opposite problem: how to describe a quarter so large it…
GlobalFoundries Jumps 16% on Silicon Photonics Grant for Its AI Push
Before the opening bell Wednesday, GlobalFoundries shares were up more than 16%, a move that turned the company, briefly, into the hottest stock in semiconductors. The catalyst was not a…
Cyera Buys Oasis Security for $1 Billion in a Bet on Agent Identities
Yotam Segev, the co-founder and chief executive of Cyera, has a way of reducing security problems to two sentences: knowing your data is not enough if you cannot govern who…
UMC Lifts 2026 Capital Spending to Chase AI Chip Demand
The numbers were on the table before the call began: capital spending of $2 billion for 2026, up from a previously planned $1.5 billion, and about $5 billion combined for…
Samsung Electro-Mechanics Raises MLCC Prices 30% as Parts Squeeze Spreads
The notice went out to distributors this week, and its terms were unusually blunt. Samsung Electro-Mechanics, the world’s second-largest maker of multilayer ceramic capacitors, told customers that from August 1,…
Tesla Hovers Near the $1 Trillion Line as Short Sellers Circle
The round number has held, for now. Tesla’s market value dipped below $1 trillion during trading last Friday, the first time in months, as shares fell to an intraday low…
Altman Signals a Slower Pace as OpenAI Digs Out of an Agent Breach
The shift in Sam Altman’s public posture took about a week. On the weekend, the OpenAI chief executive told a podcast that the industry had reached the singularity, that he…
