HSBC Holdings Plc upgraded Apple Inc. to buy from hold, citing the company's position in agentic AI and a strong hardware pipeline. Analyst Nicolas Cote-Colisson raised the price target to $366 from $…
A selloff in Asian chip stocks deepened as Taiwan Semiconductor Manufacturing Co.'s strong results failed to meet lofty investor expectations, with TSMC shares falling as much as 4.5% in Taipei despit…
Fireworks AI Inc., an AI infrastructure startup, has raised $1.5 billion in a Series D round led by Atreides Management, Index Ventures and TCV, reaching a $17.5 billion valuation. The company, which …
ASML Holding NV raised its full-year sales forecast for the second time in 2026, projecting net sales of €43 billion to €45 billion, up from a prior estimate of €36 billion to €40 billion, driven by s…
Canadian semiconductor companies are expanding into the U.S. market to capitalize on the artificial intelligence boom, with Big Tech AI infrastructure investment expected to exceed US$700 billion this…
Apple Inc. shares have rallied 15% since bottoming on June 25, adding nearly $600 billion in market value, as investors flee AI-related stocks amid concerns about heavy spending on artificial intellig…
The Trump administration plans to ease export restrictions on the United Arab Emirates, allowing the Gulf state to purchase advanced technologies including AI chips from Nvidia, AMD, and Cerebras. The…
California lawmakers are asking voters to approve a ballot measure that would increase the state's rainy day fund to capture more revenue from a stock market rally driven by AI companies. The measure,…
Self-driving startup Turing Inc. has secured backing from AMD Ventures and begun adopting AMD's AI accelerators to diversify its supply chain and reduce costs. The Japanese company, which previously r…
Nvidia Corp.'s market value has dropped by roughly $1 trillion since May, pushing its stock to its cheapest level since before the AI boom, now trading at 18 times forward earnings. The selloff reflec…
The Magnificent Seven tech stocks have lost their market dominance as the AI trade shifts to memory chipmakers like Micron and Sandisk, with the Mag 7 index gaining only 1.1% in 2026 versus the Nasdaq…
Chip stocks are heading for their best quarter ever, with the Philadelphia Stock Exchange Semiconductor Index soaring 81% in Q2, driven by AI demand. However, recent volatility and concerns about sust…
Tech giants including Alphabet Inc., SpaceX, OpenAI, and Meta Platforms Inc. are rushing to raise equity, with $85 billion in share sales and a $75 billion IPO this month alone, signaling heavier capi…
Micron Technology Inc. shares surged after the company issued a quarterly sales forecast of approximately $50 billion, far exceeding analyst estimates of $43.2 billion, signaling sustained AI-driven g…
Qualcomm Inc. shares surged after the chipmaker forecast annual sales of more than $15 billion from AI data center components by fiscal 2029, part of a broader $40 billion revenue target for non-hands…
OpenAI and Broadcom unveiled their first custom AI chip, Jalapeno, which shows cost savings of roughly 50% compared to typical AI GPUs. The chip is being tested and will be integrated into data center…
A new study by risk-analytics firm XDI Pty Ltd finds that about 6% of nearly 3,000 planned data centers worldwide are in high-risk areas for extreme weather, potentially making them uninsurable. The r…
Intel Corp.'s stock surged up to 12% after President Donald Trump announced that Apple Inc. has agreed to work with Intel to design and produce chips domestically. The tie-up, mentioned in a Truth Soc…
Big Tech stock buybacks have nearly vanished as Alphabet, Microsoft, Meta, and Amazon prioritize massive AI spending, with only Microsoft buying back shares in Q1 at the lowest level in nearly a decad…
Nvidia used its latest quarterly report to reassure skeptical investors that AI is expanding beyond large data center clients, predicting that a wider range of businesses and governments will soon bec…