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Super Micro shares soar 30% after company names new auditor to help keep Nasdaq listing
Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. The trade show runs through June 7. Annabelle Chih | Bloomberg | Getty Images Super Micro Computer shares jumped more than 30% on Tuesday after the embattled server maker said it named BDO […]
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Microsoft introduces PC that has one job: connect users to their computers in the cloud
Microsoft CEO Satya Nadella watches from the audience during a press briefing at Microsoft’s campus in Redmond, Washington, on May 20, 2024. Jason Redmond | Afp | Getty Images Microsoft is previewing a new PC that’s designed to connect corporate workers to their programs and files in the cloud. The Windows 365 Cloud Link is […]
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What Trump’s proposed China tariffs could mean for Apple’s profits
President-elect Donald Trump’s proposed tariff strategy could spell bad news for the tech hardware market, but Tim Cook’s Apple might not feel as much of the pain. On the campaign trail, the former president vowed to impose a universal tariff of between 10% and 20% on all imported goods and at least a 60% tariff […]
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Super Micro faces deadline to keep Nasdaq listing after 85% plunge in stock
Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. The trade show runs through June 7. Annabelle Chih | Bloomberg | Getty Images Super Micro Computer could be headed down a path to getting kicked off the Nasdaq as soon as Monday. […]
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Cisco reports fourth straight quarter of declining revenue
Cisco CEO Chuck Robbins speaks at The Wall Street Journal’s Future of Everything Festival in New York on May 21, 2024. Dia Dipasupil | Getty Images Cisco reported a fourth straight quarter of declining revenue even as results topped analysts’ estimates. Here’s how the company did in comparison with LSEG consensus: Earnings per share: 91 […]
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Jeff Bezos, Sam Altman, Tim Cook and other tech leaders congratulate Trump on election win
Leaders of major technology companies congratulated President-elect Donald Trump and Vice President-elect JD Vance on their victory in the U.S. presidential election Wednesday. The messages were similar, with CEOs remarking that they wish Trump success when he returns to the Oval Office, and look forward to working with his administration. Amazon founder and executive chairman […]
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Super Micro’s $50 billion stock collapse underscores risk of AI hype
The Super Micro Computer Inc. headquarters in San Jose, California, U.S., on Tuesday, Jan. 5, 2021. Bloomberg | Bloomberg | Getty Images In March, Super Micro Computer was added to the S&P 500 after an epic run that lifted the stock by more than 2,000% in two years, dwarfing even Nvidia’s gains. As it turned […]
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10 things to watch in the stock market Friday including a bullish call on Best Buy
10 things to watch Friday, Sept. 27 1. The S & P 500 was looking at a slightly higher open Friday after another record high close. The 10-year Treasury yield was finally lower following a tame August reading on the Fed’s favorite inflation gauge, the PCE price index. With just a couple trading days left […]
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Stocks making the biggest moves premarket: Microsoft, Intel, Shopify and more
Check out the companies making headlines before the bell. Microsoft — Shares were up about 2% after the tech giant increased its quarterly dividend by 10.7% to 83 cents per share. The new dividend is payable Dec. 12. The company also approved a new $60 billion share repurchase program. SolarEdge Technologies — Shares fell more than […]
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Nvidia CEO Jensen Huang revived the AI trade this week. Here’s how the pros are playing it
Recent comments from Nvidia CEO Jensen Huang seemed to revive investment in the turbulent AI sector this week, while leading portfolio managers to recenter attention on the winning trades. “We’re now in this computer revolution,” Huang said at the Goldman Sachs Communacopia + Technology Conference on Wednesday, “This generative AI is not just a tool. […]
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