The chipmaker reported fourth-quarter revenue of $39.3 billion, up 78% year over year, with data center sales driving much of the growth. Full-year revenue topped $130 billion, more than doubling from the prior year.
Bloomberg, citing unnamed sources, said Italian officials believe Jean-Marc Chery has failed to navigate the company through mounting industry challenges.
ON Semiconductor announced a company-wide restructuring plan that includes 2,400 job cuts as it seeks to align costs with business trends and offset revenue headwinds.
Bloomberg reported that the Trump administration has begun discussing tightening chip sales restrictions to China, which could impact Nvidia’s increasing sales to Alibaba, Tencent, and ByteDance.
Recently, markets have been making new highs, stunning the crowd. One big reason for this is the hidden, bullish breadth in technology stocks – and in ETFs like the Technology Select Sector SPDR Fund.
In this week's video, we'll review the latest charts and data to help us answer the question, was Friday's selloff the beginning of the end for the stock market bulls?
In this video, I review the market warnings I've shared over the past three weeks and how Friday's session confirmed negative divergences across key metrics signaling weakness.
With $17 billion now earmarked for repurchases, investors remain optimistic that Cisco’s capital allocation strategy will continue to provide a tailwind for its stock.
The company beat Q1 estimates, announced a $10 billion buyback, and projected strong growth tied to AI infrastructure spending during its earnings call.
Deepwater Asset Management’s Gene Munster said the incremental revenue from iPhone 16e should help Apple report upside to Street’s current iPhone estimate.
The exact size of the stake remains unclear, and the deal is not guaranteed, as discussions could still be delayed or fall through, sources told Bloomberg.
