Taiwan Semiconductor Manufacturing Co Ltd
Samsung CEO says company will pursue deals as it struggles for growth
Han Jong-hee, co-chief executive officer of Samsung Electronics Co., speaks at the company’s annual general meeting at the Suwon Convention Center in Suwon, South Korea, on Wednesday, March 19, 2025. SeongJoon Cho | Bloomberg | Getty Images Samsung Electronics said on Wednesday it is looking at major deals to drive growth as it faced tough questions from shareholders after its failure to […]
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White House: Stock market plunge is not as ‘meaningful’ as business activity
The White House on Monday downplayed the weeks long stock market sell-off, insisting that recent moves by business leaders suggest a brighter outlook for the U.S. economy. “We’re seeing a strong divergence between animal spirits of the stock market and what we’re actually seeing unfold from businesses and business leaders,” a White House official told […]
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Stocks making the biggest moves midday: Tesla, Robinhood, Nvidia, Cognizant and more
Check out the companies making headlines in midday trading: Bank stocks — Major banks came under pressure during Monday’s session amid rising concerns about a potential slowdown in the U.S. economy. JPMorgan Chase and Goldman Sachs fell roughly 4%. Citigroup slid more than 4%, and Wells Fargo dropped 5%. Bank of America shed more than […]
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Nvidia down 30% from high as tech-led sell-off hits Magnificent Seven
Nvidia CEO Jensen Huang gives a keynote address at CES 2025, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S. Jan. 6, 2025. Steve Marcus | Reuters Nvidia has lost nearly a third of its value just two months after notching a fresh high. The leading chipmaker slumped about 5% on Monday, building […]
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Chipmakers are finding that good earnings aren’t enough to please Wall Street
Nvidia CEO Jensen Huang gives a keynote address at CES 2025, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S. Jan. 6, 2025. Steve Marcus | Reuters More than two years into the generative artificial intelligence boom, Wall Street is setting an increasingly high bar for chipmakers. When it comes to earnings reports […]
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Stocks making the biggest moves midday: Marvell Technology, Amazon, Zscaler, Teladoc and more
Check out the companies making headlines in midday trading: Victoria’s Secret — Shares declined more than 5% after the lingerie retailer issued lighter-than-expected guidance for the first quarter. Victoria’s Secret sees revenue coming in between $1.3 billion and $1.33 billion during the period, while analysts polled by LSEG had estimated $1.39 billion. Management cited an […]
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‘Music to our ears’: Qualcomm CEO welcomes TSMC’s $100 billion investment to boost U.S. chipmaking
Taiwan Semiconductor Manufacturing Co.‘s $100 billion commitment to expand manufacturing in the U.S. is “great news,” Qualcomm CEO Cristiano Amon told CNBC on Tuesday, adding it helps with diversification of chipmaking locations. Amon also addressed U.S President Donald Trump’s tariff policy, suggesting longer term technology trends would outweigh any short term uncertainty. Trump announced on […]
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Tech stocks are down 7% since Trump’s inauguration as trade war fuels uncertainty
CEO of Meta and Facebook Mark Zuckerberg, Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai, and Tesla and SpaceX CEO Elon Musk attend the inauguration ceremony before Donald Trump is sworn in as the 47th U.S. president in the U.S. Capitol Rotunda in Washington, Jan. 20, 2025. Saul Loeb | Via Reuters Technology […]
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AI cloud provider CoreWeave files for IPO
CoreWeave, a provider of cloud-based Nvidia processors to companies including Meta and Microsoft, is headed for the public market. In its IPO prospectus on Monday, CoreWeave said revenue in 2024 soared more than 700% to $1.92 billion. The company recorded a net loss of $863.4 million. In 2024, 62% of CoreWeave’s revenue came from Microsoft. […]
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Watch live: Trump expected to announce $100 billion investment in U.S. by TSMC
[The stream is slated to start at 1:30 p.m. ET Please refresh the page if you do not see a player above at that time.] President Donald Trump is expected Monday to formally announce a planned $100 billion investment in the United States by chip manufacturer Taiwan Semiconductor Manufacturing Co. The investment will build “cutting-edge […]
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