Technology
Qualcomm beats estimates and phone chip sales are up 12%
Qualcomm president and CEO Cristiano Amon speaks at a news conference during CES 2022 in Las Vegas, Nevada, U.S. January 4, 2022. Steve Marcus | Reuters Qualcomm reported fiscal third-quarter earnings on Wednesday that beat Wall Street expectations, particularly for sales, and provided strong guidance for the current quarter. Qualcomm stock fell 1% in extended […]
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Meta’s Reality Labs posts $4.5 billion loss in second quarter
A visitor wears a virtual reality headset Meta Quest as he takes part in an immersive experience stand during the Viva Technology show at Parc des Expositions Porte de Versailles on May 24, 2024 in Paris, France. Chesnot | Getty Images Meta’s ambitious plans to develop the metaverse is still costing the company billions of […]
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Arm issues light earnings guidance as the company stops disclosing number of chips reported as shipped
Rene Haas, chief executive officer of Arm Holdings plc, during the Computex conference in Taipei, Taiwan, on Tuesday, June 4, 2024. Annabelle Chih | Bloomberg | Getty Images Arm shares fell more than 9% in extended trading on Wednesday after the chip-architecture maker issued light earnings guidance for the current quarter and the full fiscal […]
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Kamala Harris gets support of more than 100 VCs and tech execs in online pledge
U.S. Vice President Kamala Harris speaks at a campaign rally at the Georgia State Convocation Center in Atlanta on July 30, 2024. Elijah Nouvelage | AFP | Getty Images After Donald Trump, the Republican nominee for president, gained the vocal support of a slice of the tech investing world, a large group of venture capitalists […]
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Nvidia shares soar 11% after Microsoft quells fears that AI buildout is too fast
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference on March 18, 2024. David Paul Morris/Bloomberg via Getty Images Nvidia shares popped more than 11% Wednesday after remarks from top customer Microsoft and rival chipmaker AMD signaled no slowdown in the multi-billion […]
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Meta set to report second-quarter earnings after the bell
Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Josh Edelson | AFP | Getty Images Meta is slated to report second-quarter earnings on Wednesday after the close of regular trading. Here’s what analysts polled by LSEG are expecting: Earnings per […]
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Uber to start using BYD cars in Europe, Latin America and develop ‘autonomous-capable vehicles’
BYD launched the BYD Seal in Europe at the IAA auto show in Munich, Germany. The electric sedan has a starting price of 44,900 euros ($48,479). Arjun Kharpal | CNBC BEIJING — Uber and BYD announced Wednesday that drivers on the ride-hailing platform can get pricing and financing deals for the Chinese company’s electric cars, […]
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ASML shares pop 7% after report that U.S. will exempt allies from new China chip restrictions
Shares of ASML jumped as much as 10% on Wednesday after a Reuters report suggested that the company could be exempted from expanded export restrictions on chipmaking gear to China. Reuters reported on Wednesday that the U.S. is considering expanding the so-called foreign direct product rule, but that allies that export key chipmaking equipment — […]
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Podcast: Samsung bets on the Galaxy Ring and AI as its next big thing
Samsung in July released the Galaxy Ring, the South Korean tech giant’s first foray into smart rings. The $399.99 device has sensors that can track various health metrics like sleep quality, linking up with Samsung’s smartphones and smartwatch. Along with its S24 series of smartphones, foldable devices, smartwatches and now the Galaxy Ring, Samsung is […]
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Pinterest shares tumble nearly 15% on weak guidance
Bill Ready, CEO of Pinterest, rings the opening bell at New York Stock Exchange (NYSE) in New York City, U.S., May 15, 2024. Brendan McDermid | Reuters Pinterest shares sank about 15% when the company reported its second-quarter earnings on Tuesday and provided third-quarter guidance that was lower than analyst estimates. Here’s how the company […]
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