OpenAI CEO Sam Altman said he is not “afraid of Apple” after the iPhone maker sued his company over alleged trade secret theft, a major development in the tech industry that could have implications for the AI startup’s IPO plans.“I am not afraid of apple, but i have tremendous respect for them. s-t…
The technology sector entered a more competitive phase over the past week as companies ramped up efforts to secure advantages in artificial intelligence, semiconductor manufacturing, cloud computing, and autonomous vehicles, signaling a shift from collaboration to direct competition, with firms foc…
Apple (AAPL, Financials) is facing a more cautious Wall Street view after Hedgeye added the iPhone maker as a new short idea, pointing to a possible 23% decline in the stock.The concern is not that Apple's business has suddenly weakened. Instead, Hedgeye believes investors may already be expecting…
CXMT Corp., a Hefei-based memory-chip maker focused on DRAM used for real-time data processing in AI models, is moving into the final stage of its closely watched public offering as investor subscriptions are set to open next week. The company, which competes with Samsung Electronics Co. (SSNLF), a…
Luxshare Precision Industry, a Shenzhen-based Apple NASDAQ:AAPL supplier that assembles products including iPhones and AirPods, came under pressure in its Hong Kong debut on Thursday after raising HK$24.3 billion, or $3.1 billion, in the city's biggest listing so far this year. Shares closed 1.6% l…
The S&P 500 and Dow ended lower on Wednesday as oil prices jumped after geopolitical risks resurfaced following U.S. President Trump's comments that the ceasefire with Iran may be over following fresh attacks on shipments in the Strait of Hormuz.The S&P 500 ended 0.3% lower, while the Nasdaq 100 ro…
Samsung Electronics (SSNLF) is preparing to unveil a shorter, wider Galaxy Z Fold 8 on July 22 as it tries to stay ahead of Apple's NASDAQ:AAPL rumored push into foldable phones.The company will host its Galaxy Unpacked event in London, where reports say it will introduce 3 foldable phones alongsid…
Broadcom NASDAQ:AVGO shares climbed more than 3% on Wednesday after investor sentiment improved following the extension of the company's long-term chip supply agreement with Apple NASDAQ:AAPL.The updated agreement runs through 2031 and includes Apple's $1.5 billion investment in Broadcom's Fort Col…
Apple NASDAQ:AAPL, the iPhone maker, has expanded its agreement with Broadcom NASDAQ:AVGO, a chipmaker that has long supplied Apple with wireless components, in a deal expected to exceed $30 billion. The agreement is expected to support the production of more than 15 billion chips in the US, while…
Apple NASDAQ:AAPL is reportedly testing DRAM chips from China's state-backed ChangXin Memory Technologies, or CXMT, for devices sold in China as memory sourcing becomes another geopolitical pressure point.The Financial Times reported that Apple is also lobbying the U.S. government to allow broader…
Apple NASDAQ:AAPL is testing memory chips from China's ChangXin Memory Technologies (CXMT) for devices sold in China as it looks to diversify its local supply chain, according to a Wednesday media report.The reported move comes as Apple also seeks U.S. approval for wider use of CXMT components, eve…
Netflix NASDAQ:NFLX, Disney NYSE:DIS and Alphabet's YouTube (GOOGL) are reportedly preparing to challenge Fox NASDAQ:FOX for U.S. broadcast rights to the 2030 and 2034 World Cup, setting up a potentially expensive sports media fight.CNBC reported that Amazon NASDAQ:AMZN and Apple NASDAQ:AAPL could…
Apple NASDAQ:AAPL committed $30 billion to buy US-made chips from Broadcom NASDAQ:AVGO over five years, as part of Apple's $600 billion US spending commitment made during Donald Trump's presidency to avoid his tariffs on Apple products. The deal is expected to result in 15 billion chips produced do…
Apple Inc. shares rose 0.3% in overnight trading ahead of Wednesday, extending the strong gains over the past week.On Tuesday, JPMorgan raised its price target on Apple to $345 from $325 and reiterated its ‘Buy’ rating, with the new target implying about 11% upside from the stock’s last closing pri…
SEMI, the global semiconductor industry association representing chip manufacturers and equipment suppliers, has warned the Trump administration that attempts to influence memory chip prices or production capacity could possibly make the current supply squeeze worse. In a letter to senior officials…
By Che Pan and Eduardo BaptistaSmartphone sales in China fell 13% year-on-year during the month-long 618 shopping festival, as brands raised prices to offset higher memory costs, according to data from Counterpoint Research.Sales declined from May 26 to June 21, with all major Chinese brands excep…
By Pete SchroederWall Street surged on Monday and oil prices settled around pre-Iran war levels, as investors eyed new developments in the AI and chipmaker sector ahead of corporate earnings.All three major U.S. indexes ended the day higher. The Dow Jones Industrial Average DJ:DJI ended the day up…
By Noel Randewich and Ragini MathurThe S&P 500 and Nasdaq ended sharply higher on Monday, with Broadcom and other chip stocks rallying as investors bought shares in companies related to artificial intelligence that are expected to drive a strong second-quarter earnings season.Broadcom NASDAQ:AVGO j…
By Noel Randewich and Ragini MathurThe S&P 500 and Nasdaq ended sharply higher on Monday, with Broadcom and other chip stocks rallying as investors bought shares in companies related to artificial intelligence that are expected to drive a strong second-quarter earnings season.Broadcom NASDAQ:AVGO j…
By Noel Randewich and Ragini MathurWall Street climbed on Monday, with Broadcom and other chip stocks rallying as investors bought shares in companies related to artificial intelligence that are expected to drive a strong second-quarter earnings season.Broadcom NASDAQ:AVGO jumped 3.8% after the chi…
