Tag: Technology Hardware

Apple’s (AAPL.O), iPhone shipments surged 20% in China in the first quarter, ​for the strongest growth among major vendors, despite an overall decline ‌as rising prices of memory chips boosted costs, data from Counterpoint Research showed.

Taiwan Semiconductor Manufacturing (TSM) reported a sharp rise in quarterly profit as it rides the wave of demand for artificial-intelligence chips. 

Amazon agreed to acquire satellite operator Globalstar in a deal that would boost the tech giant’s efforts to build its own satellite operation.

Sandisk stock was rising on Monday after Nasdaq said it would be adding the flash memory product supplier to the Nasdaq 100 index.

Alibaba Cloud is investing in a new type of artificial intelligence designed to better replicate the real world using a different approach from chatbots such as OpenAI’s ChatGPT.

Apple’s (AAPL) iPhone continued strong sales last month, thanks to the popularity of the iPhone 17 line, Bernstein analysts wrote in an investor note on Monday.

Oracle on Monday appointed Hilary Maxson as chief financial officer, tapping ​an executive with experience in infrastructure and ‌energy to steer its efforts to meet surging demand for artificial intelligence and cloud services.

Taiwan’s ​Foxconn, the world’s largest contract electronics maker, reported a 29.7% ‌on-year rise in first-quarter revenue on strong demand for artificial intelligence products, though it cautioned about “volatile” global politics.

Amazon (AMZN) is reportedly in negotiations to acquire satellite company Globalstar (GSAT). But Apple (AAPL) might pose an obstacle to a purchase that would boost the e-commerce company’s push into space.

Apple announced a significant expansion of its American Manufacturing Program on Thursday, bringing four new partners — Bosch, Cirrus Logic, TDK, and Qnity Electronics — into its domestic supply chain.

Chinese smartphone and electric vehicle giant Xiaomi (1810) will invest at least 60 billion yuan ($8.70 billion) ​in artificial intelligence over the next three years, CEO Lei Jun said ‌on Thursday.

Jabil (JBL) stock rose Wednesday after the supplier of electronic parts reported better-than-expected quarterly results and lifted its outlook for the fiscal year.

Shares of Samsung Electronics (5930) rose as much ​as 5% on Tuesday after Nvidia (NVDA) CEO Jensen Huang said ‌the South Korean company was producing Nvidia’s new artificial intelligence chips.

Apple (AAPL) is lowering the commission rate it charges on the App Store in China as the company continues to fend off pressure from Chinese regulators.

Hewlett Packard Enterprise (HPE) forecast second-quarter revenue above Wall Street ​estimates on Monday, betting on growing demand for its networking equipment as the company prioritizes more higher-margin ‌orders.

The latest earnings report from Quantum Computing (QUBT) raised more questions than it answered. The stock was down in premarket trading Tuesday.

Shares of Dell Technologies jumped in premarket trading on Friday after the company forecast revenue from its AI server business will double in fiscal 2027, underscoring surging demand for infrastructure catering to artificial intelligence.

D-Wave Quantum (QBTS) posted fourth-quarter revenue that sharply missed analysts’ estimates. Wall Street didn’t seem to care.

Networking equipment provider Arista Networks (ANET) forecast annual revenue above Wall Street estimates on Thursday, betting on steady demand for its electronic hardware amid the expanding presence of data centers, sending its shares up more than 17% in extended trading.

Siemens (SIEG) raised its full-year profit outlook on Thursday after first-quarter profit exceeded expectations, boosted by surging demand for AI-driven data-centre infrastructure and sending shares up over 6% in early trading.