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Qualcomm shares rose 1% Tuesday morning after Reuters reported the company plans workforce reductions following annual employee reviews in November. CEO Cristiano Amon outlined a performance-focused reduction in an employee memo, the report said.
A consumer technology roundup covers reported results, AI developments, product announcements and other corporate news from Oct. 12–16.
Workspace search string for individual stock moves: STXBZ The Day Ahead newsletter: The Morning News Call newsletter: (.) Oct 13 (Reuters) — The S&P 500 and the Nasdaq inched lower on Tuesday as chip stocks came under selling pressure while investors parsed a mixed bag of quarterly results, including those from big US
Arm shares were up 0.94% at $257.65 at publication, even as semiconductor stocks and broader U.S. equity indexes fell. The article cites concerns over AI spending and a pending Qualcomm-Arm legal dispute as background.
Workspace search string for individual stock moves: STXBZ The Day Ahead newsletter: The Morning News Call newsletter: (.) Oct 13 (Reuters) — Wall Street's main indexes were muted in choppy trading on Tuesday as chip stocks came under selling pressure again while investors parsed a mixed bag of quarterly results, includ
Advanced Micro Devices Inc. (NASDAQ: AMD ) is facing near-term pressure from higher Treasury yields and energy costs, but its long-term AI growth story remains intact as demand for chips, server CPUs and data center infrastructure expands. AMD stock closed nearly 3% higher Tuesday after Marvell Technology Inc. (NASDAQ
Merline Saintil, Derek Aberle and Pierre Gentin are expected to join the board after Agility's planned business combination with Churchill Capital Corp XI. The company said the appointments will support its next phase of growth and commercialization.
Reuters trading day column says benchmark 10-year yields in France, Germany, the UK and the US rose to their highest since the mid-late 2000s. It also notes stocks fell, oil rose and gold hit a seven-week low.
Advanced Micro Devices Inc. shares rose 9.1% to $610.87, crossing the $1 trillion market capitalization threshold for the first time on Monday amid a broader advance in chip stocks driven by artificial intelligence demand. AMD becomes the fourth-largest U.S. chipmaker to reach this milestone, capping a rally that posit
Lumentum Holdings (LITE) and Qualcomm (QCOM) shares moved higher Monday, alongside Corning (GLW), after the companies revealed plans to demonstrate a high-density optical interconnect platform for next-generation AI infrastructure.
Workspace search string for individual stock moves: STXBZ The Day Ahead newsletter: The Morning News Call newsletter: September 18 (Reuters) — Wall Street's main indexes fell on Friday in the final stretch of a turbulent week, as investors digested shifting oil prices, higher Treasury yields and a Federal Reserve rate
Qualcomm shares rose about 2.1% to $188.64 Thursday, Reuters reported, citing Amazon’s equity-linked move to deepen their AI-infrastructure partnership.
Qualcomm shares climbed 4.3% to a two-month high on Tuesday, then pared some gains in overnight trading as investors warmed to its push into AI data-center infrastructure.
Qualcomm stock jumped 5% on Tuesday. StoneX analyst Cody Acree reiterated a Buy rating and $270 price target, citing Qualcomm’s data-center chip expansion beyond smartphones.
Qualcomm shares rose 2% in premarket trading Wednesday. CFO Akash Palkhiwala described the stock as “well-priced” after an Amazon data center agreement and outlined AI software meant to work across Nvidia, AMD and Qualcomm chips.
Marvell Technology’s shares rose after CEO Matt Murphy said the firm’s unique positioning and broad customer base leave it in a favorable spot even as Qualcomm secured a key AI chip deal with Amazon.
Qualcomm said it is working on various chip projects with Amazon, announcing a new collaboration Tuesday. The stock was popping Tuesday morning on the news.
Nvidia customers have reportedly been told server prices for AI chip systems could rise more than 15% for shipments in early 2027, with the increase tied to chip generation and memory configuration.
U.S. stocks settled higher on Friday, with the Nasdaq Composite gaining 1% during the session following a sharp rise in Amazon.com Inc (NASDAQ: AMZN ) shares. The S&P 500 fell 0.1%, while the Nasdaq dipped 3.2% in July. However, the Dow gained 0.3% during the period, recording its fourth straight positive month. Wall S
Baxter International Inc. (NYSE: BAX ) stock is trading higher on Thursday after the company reported better-than-expected second-quarter financial results and raised its fiscal 2026 guidance. • Baxter International shares are climbing with conviction. Why is BAX stock up today? Baxter Stock Gains After Q2 Earnings Bea
Major U.S. indices ended the session lower, with the Dow Jones Industrial Average falling 2.19% to 51,594.14, the S&P 500 declining 1.52% to 7,316.15 and the Nasdaq shedding 1.74% to 24,442.94 The Federal Reserve kept its benchmark interest rate unchanged at 3.50%—3.75% for a fifth consecutive meeting, although three p
Lam Research Corp (NASDAQ: LRCX ) reported strong results for the fourth quarter of fiscal 2026 after the closing bell on Wednesday. Here’s a rundown of the report. Lam Research stock is rising. What’s fueling LRCX momentum? Lam Research Q4 Key Details Lam Research reported fourth-quarter revenue of $6.72 billion, beat
The Federal Reserve didn’t raise interest rates Wednesday, holding them steady at 3.50%-3.75%. Yet as markets absorbed Federal Reserve Chair Kevin Warsh’s hawkish message between 3 p.m. and 3:30 p.m. ET, some of Wall Street’s highest-flying AI stocks suffered sharp losses. Warsh’s repeated insistence that “there’s only
US to strike Iran as war escalates
() -- (Updates with latest market prices and developments.) US benchmark equity indexes were higher intraday as the technology sector advanced, led by semiconductor stocks. The Nasdaq Composite was up 1.2% at 26,141.8 after midday Monday, while the S&P 500 rose 0.7% to 7,536.5. The Dow Jones Industrial Average edged up
Stock Whisper Index highlights five under-the-surface stocks, including FreeCast, American Airlines, AMC Entertainment, Butterfly Network, and Wendy's, which are gaining attention from investors and analysts.
Micron Technology reports quarterly results that crush expectations, with revenue of $41.46 billion and adjusted earnings per share of $25.11, beating Wall Street estimates
Micron Technology, Qualcomm, and WidePoint shares are trading higher after reporting better-than-expected results and new contracts
Micron Technology, Qualcomm, The Wendy's Company, SanDisk, and Western Digital are gaining attention after reporting strong earnings and outlooks, with Micron's revenue exceeding analyst expectations and Qualcomm raising its long-term outlook
Multiple information technology stocks are moving in Wednesday's after-market session, with Methode Electronics and Micron Technology leading the gains