Tag: Technology Hardware

Apple is closing in on a historic $4 trillion stock market valuation, powered by investors cheering progress in the company’s long-awaited AI enhancements to rejuvenate sluggish iPhone sales.

Artificial intelligence may not be the only area where Apple is branching out into new areas as it looks to get smartphone sales growing again. But iPhone users will still have to wait for serious upgrades.

Shares of Ciena were trading lower after the optical networking equipment company reported disappointing quarterly earnings.

Apple on Wednesday started integrating OpenAI’s ChatGPT into its devices, delivering on a long-awaited feature that investors hope will help drive sales of its latest iPhones.

Apple is preparing to launch its long-awaited series of cellular modem chips next year, which will replace components from longtime partner Qualcomm Bloomberg News reported on Friday.

Apple is currently using Amazon Web Services’ custom artificial intelligence chips for services like search and will evaluate if the company’s latest AI chip can be used to pretrain its models like Apple Intelligence.

Automaker plans to sell its stake to joint-venture partner LG Energy, the latest pullback in its electric-car investments

Dell Technologies forecast fourth-quarter revenue and earnings below Wall Street expectations Tuesday, despite bullish commentary from the company on AI sales growth.

HP Inc. reported mixed earnings Tuesday. The stock fell 8.3% in premarket trading Wednesday

Tech group aims to establish its alternative to iOS and Android as third major mobile operating system

Indonesia said a $100 million investment proposal from Apple to build an accessory and component plant was not enough for the country to allow the tech giant to sell its latest iPhone model, its industry ministry said on Monday.

Shares of NetApp were trading higher Friday after the data-storage company turned in a strong quarter and raised its financial guidance.

Super Micro Computer stock rose as much as 29% in premarket trade on Tuesday after the AI server maker late Monday submitted a compliance plan with the SEC to avoid delisting from the Nasdaq.

Chinese electronics maker Xiaomi Corp posted a 30.5% jump in third-quarter revenue as consumers clamoured for its first electric vehicle, the SU7 sedan.

Cisco reported a fourth straight quarter of declining revenue even as results topped analysts’ estimates. The stock slipped 2.5% in extended trading.

Super Micro Computer the chip maker that became a target of short seller Hindenburg Research earlier this year, said it needs additional time to file its 10-Q form for earnings in the last quarter.

Arista Networks projected fourth-quarter revenue above Wall Street estimates on Thursday, as the growing foot print of data centers amid an AI boom lifted demand for its networking equipment.

Sony said on Friday its operating profit rose 73% in the July-September quarter, with strong sales in its game and network business helping to offset weakness in movies.

Super Micro provided a worse-than-expected business update for its revenue Tuesday afternoon. The stock fell sharply.

Apple’s fiscal fourth-quarter results beat Wall Street expectations for revenue and earnings per share, but net income slumped after the company paid a one-time charge as part of a tax decision in Europe.