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…
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…
OpenAI’s Revenue Keeps Climbing as a Key Researcher Returns
In an all-hands meeting this month, OpenAI’s chief financial officer delivered a message the company rarely puts on the record: the growth has not slowed down. Sarah Friar told employees…
Chip Stocks Surge as Microsoft’s Numbers Quiet Fears of an AI Slowdown
The Philadelphia Semiconductor Index climbed more than 6% on Thursday, its biggest one-day gain in months, as investors seized on Microsoft’s earnings as the clearest evidence yet that the AI…
Kumamoto Quake Leaves Japan’s Chip Heartland Dark
The machines that make the world’s camera sensors and power chips fell silent this week. Two days after a 7.1-magnitude earthquake struck Kumamoto prefecture, factories across the region’s semiconductor heartland…
Tesla’s July Is the Worst in the Magnificent Seven
Tesla shares fell more in July than any of its Magnificent Seven peers, capping a month in which investors punished the company for a gap between its AI story and…
Berlin Pushes Europe to Build Its Own AI Stack
Germany’s digital minister called on the European Union this week to accelerate its push for AI independence, arguing that the bloc’s reliance on American infrastructure has become a strategic risk.…
AMD’s Server-Chip Ambition Gets a Wall Street Boost
Susquehanna raised its price target on AMD this week, arguing that the company’s next-generation server processor could double its share of the data-center market. The report points to a structural…
Broadcom’s $30 Billion Backlog Is Priced Like a Cycle Stock
Broadcom is sitting on an order book that most chip companies can only dream of, and the market is treating it like an ordinary semiconductor business. That is the argument…
Recursive Picks AWS for a $410 Million Bet on Self-Improving AI
Richard Socher, the former Salesforce chief scientist who co-founded Recursive, announced Tuesday that his company had signed a multi-year agreement worth $410 million with Amazon Web Services. Under the deal,…
