Intel converts foundry business into subsidiary and considers external financing
Intel CEO Pat Gelsinger holds a wafer sample during his keynote speech at the Computex conference in Taipei on June 4, 2024. AFP | Getty Images Intel Shares rose 8% in extended trading on Monday after the company announced it…
Microsoft hires former GE CFO Carolina Dybeck Happe as COO
Carolina Dybeck-Happe. Courtesy of GE Microsoft told employees Thursday that it has hired Carolina Dybeck Happe as executive vice president and chief operating officer. She will report to CEO Satya Nadella. Dybeck Happe comes from GE, where she was senior…
Microsoft cuts 650 jobs in Xbox gaming division
Phil Spencer, executive vice president at Microsoft, speaks at the company’s Xbox One X unveil event ahead of the E3 Electronic Entertainment Expo in Los Angeles on June 11, 2017. Patrick T Fallon | Bloomberg | Microsoft announced Thursday that…
Uber invests in SoftBank-backed self-driving technology startup Wayve
Wayve CEO and co-founder Alex Kendall. Wayve LONDON — Above and British AI startup Wayve announced a partnership on Thursday that will see the two companies work together on autonomous driving technology. As part of the deal, Uber is also…
Nvidia shares could fall 20 percent if major technology companies signal this change, says fund manager
Nvidia currently enjoys a number of advantages, including strong pricing power thanks to high demand for its chips and a tight supply that helps the company enjoy gross profit margins of over 70%. That could all change, according to an…
On the eve of Nvidia earnings, Cramer explains the value of the megacap
The day before the powerhouse for artificial intelligence NVIDIA Just before the earnings announcement, CNBC’s Jim Cramer reminded investors why he believes the stock has intrinsic value, saying it cannot be judged based on a single quarter’s results. “When you…
Technology stocks record best gain in nearly two years
Investors who bought at rock-bottom prices during the recent market decline in technology stocks are now reaping the rewards. As stocks rebounded to end the week and were back to near all-time highs, shares of artificial intelligence heavyweights like Nvidia…
Dan Niles names two technology stocks to survive a possible recession in the US
Hedge fund manager Dan Niles is betting on Apple and Meta Platforms as two stocks that can weather a potential recession in the U.S. Niles, who runs an actively managed fund of 20 to 40 large-cap U.S. stocks at Niles…
What is likely to move the market in the next trading session
Traders work on the trading floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 14, 2024. REUTERS/Brendan McDermid Brendan McDermid | Reuters Stocks @ Night is a daily newsletter sent after the market closes, giving…
Elon Musk’s support for Trump finally affects Tesla’s sales
Good morning! It is Friday, August 9, 2024, and this is The morning shiftYour daily summary of the biggest headlines from the automotive industry around the world in one place. Here are the most important stories you need to know….
