U.S. PC Shipments Fall 7% as Memory Costs Bite and Upgrade Cycle Fades
The corporate buyer who refreshed his company’s laptops in 2024, when Windows 11 upgrades were rolling out and prices were reasonable, is not buying again this year. Neither, it seems,…
Bending Spoons Prices IPO Above Range, Raising $1.68 Billion
The bankers had guided investors to 26 to 28 dollars a share, but by the time the order book closed, the bids had climbed past the top of that range.…
Microsoft Plans Layoffs of About 5,700, Hitting Xbox and Sales Units
The email was addressed to a sales director in Microsoft’s enterprise business, and its subject line was the one employees in Redmond have learned to recognize: a meeting invitation from…
Meta Builds Cloud Business to Rent Out Idle AI Computing
The data centers Meta has been throwing up across the American plains were built for one purpose: running the models behind Facebook, Instagram and WhatsApp. But the servers in those…
Five DeepMind Researchers Leave in a Week, Delaying Gemini Release
The departures began with a resignation letter, then another, then three more, and by the end of seven days Google had lost five senior researchers from its most prestigious AI…
Apple Shares Fall Most in a Year as Memory Costs Push Up Mac Prices
Apple’s Wednesday close was its worst in more than a year, and the reason was on the price tags. The company raised prices on MacBooks and iPads by 200 to…
TSMC Posts Record Quarterly Revenue and Locks In Amkor Packaging Deal
The numbers landed ahead of expectations despite a currency headwind. Taiwan Semiconductor Manufacturing Co. reported second-quarter revenue of NT$417 billion, about 12.8 billion dollars, a record for the company and…
AMD Shares Hit Record High, Closing In on Trillion-Dollar Mark
The stock chart looks like the kind of thing analysts used to warn investors about. AMD’s shares climbed to a record high on Wednesday, extending a rally that has brought…
Broadcom Shares Slide 12% as AI Chip Guidance Disappoints
The numbers were good. The market reacted as if they were not. Broadcom reported results for its fiscal second quarter on Wednesday and raised its dividend, but the guidance for…
NVIDIA Struggles to Hold $200 as Analyst Cuts Rating to Hold
The chart watchers have a line in the sand, and NVIDIA keeps testing it. The chip maker’s stock has been fighting to hold the 200 dollar level for weeks, and…
