U.S. shares of Taiwan Semiconductor Manufacturing Co. rode the wind behind Nvidia Corp.’s record revenue forecast to their best week in nearly a year and a half. TSM TSM, +2.24% shares rose 12% Thursday as Nvidia Corp.’s stock NVDA, +2.54% soared in response to news of a wave on expected sales of chips used for…
Things move quickly in the world of artificial intelligence. It is easy to sit back and complain about developments that could be disruptive, but sometimes investors are best served by putting emotions aside and observing new developments and how they affect markets. Could AI developments and related trends make you a lot of money? Below…
Most of the first-quarter earnings blizzard has passed, and the results, overall, haven’t been as bad as expected — thanks in large part to the nation’s biggest tech companies: Apple Inc., Amazon.com Inc. and Microsoft. The S&P 500 index SPXhas largely moved sideways over the past few weeks, as markets try to stomach concerns about…
Advanced Micro Devices Inc. shares rallied Friday to eliminate steep losses from Wall Street’s skepticism following the chip maker’s earnings report. AMD shares dropped more than 9% Wednesday after the chip maker’s optimism for the second half of the year did not rub off on analysts, but a rebound began Thursday following a report that…
More than 186,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by the website Layoffs.fyi. The website’s tally of 2023 global tech layoffs has gone up more than sevenfold since mid-January. The data show that 2023 has surpassed 2022 for global tech redundancies, with 637 tech companies…
U.S. stocks advanced on Friday, with the Dow Jones Industrial Average logging its best monthly gain in three months, boosted by strong earnings from the tech sector though inflation data cemented expectations for another interest-rate hike by the Federal Reserve next week. The U.S. banking system has come under renewed pressure as concerns weigh over…
After reporting its worst quarterly loss ever, Intel Corp. said there will be somewhat of a bounce-back in the second half, as the chip inventories at its customers get used up. On Thursday, the chip giant reported a net loss of $2.76 billion, or 66 cents a share, versus net income of $8.11 billion, or…
Meta and Amazon are the latest big-name tech companies in the layoffs spotlight, joining Dropbox, Electronic Arts, Palantir Technologies, Twilio, Zoom, eBay, Okta, Splunk, PayPal, IBM, SAP, Spotify, Alphabet, Intel, Microsoft, Coinbase, Cisco, and Salesforce. More than 184,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by…
Big Tech didn’t offer strong holiday returns, but Wall Street still responded to fourth-quarter results by throwing $2 trillion in valuation at the biggest tech companies. That stock bounce appears to be predicated on a widespread belief that there will be a rebound in the second half of this year, when companies lap the results…
Artificial intelligence (AI) gets so much buzz, the skeptic in me says stay away from this investing theme. But that would be a big mistake, money managers tell me. In my defense, I can’t help but notice the insanely robust sales projections from all the usual suspects are reminiscent of the spectacular forecasts for tech…
The U.S. economy added 236,000 jobs in March, just shy of the 238,000 forecast by economists polled by the Wall Street Journal. The unemployment rate declined to 3.5% in March from 3.6% in February. The latest data was calculated before the collapse of Silicon Valley Bank and Signature Bank last month, an event that could…
More than 168,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by the website Layoffs.fyi. The website’s tally of 2023 global tech layoffs has gone up more than sixfold since mid-January. The data show that 2023 has surpassed 2022 for global tech redundancies, with 561 tech companies laying…
Bernstein analyst Stacy Rasgon had been vocally bearish on Intel’s stock since mid-2020, but he ended that call this weekend. “We have been decidedly negative on Intel’s INTC, +1.81% prospects for quite some time, a stance clearly justified by the company’s utter collapse as a weakening market and poor decisions shaved billions off the top…
(Updated with closing prices on March 31.) Technology stocks dominated during March, with remarkable gains for a sector that tumbled last year. Meanwhile, two high-profile bank failures took their toll on the financial sector — but maybe that sector performed better than you expected. Below are lists of the month’s best and worst performing stocks…
Gordon Moore, the co-founder of Intel Corp. who helped accelerate the digitization of everyday life and solidify Silicon Valley’s place in tech culture, died on Friday at his home in Hawaii, according to a statement on the company’s website. He was 94. He died peacefully surrounded by family, according to the Gordon and Betty Moore…
Gordon Moore, a founding father of Silicon Valley whose work in the chip industry catalyzed computing, died Friday at 94, with his passing marking the further end of a golden era for the technology industry. An Intel INTC, +1.14% co-founder who played an integral role in several of the earliest semiconductor companies, he is perhaps…
Following a year in which a rapid rise in interest rates caused stock and bond prices to tumble, investors are focusing on quality. One way to do this is to look at free cash flow — and doing so might make for better long-term returns for growth investors. The Pacer U.S. Cash Cows 100 ETF…
Federal Reserve Chairman Jerome Powell set the stage for further rounds of interest-rate increases on March 7, sending bond yields higher and stock prices lower. Below are lists of the day’s biggest losers among the broad U.S. stock indexes. Bank stocks were hit particularly hard, as investors considered the Fed’s efforts to slow the economy…
More than 125,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by the website Layoffs.fyi. The website’s tally of 2023 global tech layoffs has gone up almost fivefold since mid-January. Related: Palantir joins growing list of tech companies announcing layoffs The data suggest that 2023 is firmly on pace…
Nvidia Corp.’s financial chief reasons that the efficiencies businesses need are not from spending less money, but from spending more on technologies like artificial intelligence, even as chip sales dry up. “AI is in an inflection point,” Nvidia’s NVDA, -1.41% Colette Kress told Morgan Stanley’s Technology Media and Telecom Conference on Monday. “We’ve now incurred…