Tag: Technology Hardware

Cisco Systems (CSCO) reported better-than-expected financial results as demand for artificial intelligence hardware remained strong.

Shares of Datadog (DDOG) surged Tuesday after the software company breezed past quarterly earnings and revenue expectations.

Investors were pleasantly surprised on Tuesday by Super Micro’s Computer’s second-quarter earnings, as the maker of computer hardware topped Wall Street’s expectations and provided proof that some delayed orders from last year finally materialized.

Apple (AAPL) on Thursday forecast higher-than-expected revenue growth of up to 16% for the March quarter, powered by strong demand for its ​iPhones and a sharp rebound in China and accelerating demand in India.

IBM reported better-than-expected fourth-quarter results on Wednesday and issued a forecast that slightly topped estimates.

Apple Inc. retook the top spot in China after iPhone shipments jumped 28% during the holiday quarter despite a worsening shortage of vital memory chips, according to Counterpoint Research.

JPMorgan Chase (JPM) is taking over the Apple (AAPL) credit-card program from Goldman Sachs—and the iPhone maker will be hoping a new partner brings about a change in fortunes for the co-branded program.

D-Wave Quantum (QBTS) unveiled a $550 million deal to acquire Quantum Circuits, a Connecticut-based software and hardware developer, on Tuesday as it doubles down on a type of quantum architecture that skeptics say is the only viable way forward for the technology.

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Nike shares ticked up 2% in premarket trading on Wednesday after Apple CEO Tim Cook bought nearly $3 million worth of the sportswear maker’s stock.

 IBM is in advanced talks to acquire data-infrastructure company Confluent (CFLT) for about $11 billion, the Wall Street Journal reported on ​Sunday, in a move aimed at boosting Big Blue’s ability ‌to capture growing demand for cloud services.

Foxconn, a key Nvidia partner in its artificial intelligence buildout, saw its revenue spike 26% year-on-year in November, as demand for servers continued to ramp up amid the AI boom.

On Monday, Apple announced the retirement of John Giannandrea, the company’s Senior Vice President Machine Learning and AI Strategy. It marks another shake-up of Apple’s AI team this year as it struggles to find its footing in a post-ChatGPT world.

Intel stock held a sharp hike in pretrading on Monday, after the stock surged on Friday when an analyst predicted the chip giant was nearing a deal to supply Apple in 2027.

Dell reported fiscal third-quarter earnings on Tuesday that missed Wall Street expectations for revenue, but the company forecasted a stronger-than-expected fourth quarter driven by increased AI sales.

The rise of artificial intelligence is turning out to be a problem for HP Inc. on two fronts.

Samsung’s operating profit is projected to surge next year as robust demand for next-generation memory lifts margins across its chip division, according to a new note from KB Securities.

IBM (IBM.N), announced on Wednesday it has built a new experimental quantum computing chip called Loon that demonstrates it hit a key milestone toward making useful quantum computers before the end of the decade.

Arista Networks Inc (NYSE:ANET) shares tumbled 10.8% after the networking equipment provider’s fourth-quarter outlook failed to impress investors, despite reporting better-than-expected third-quarter results.

Apple (AAPL.O), shares rose about 2% premarket on Friday after upbeat forecasts for the lucrative holiday quarter suggested the latest iPhone 17 models were driving a sales rebound despite delays in shipping to key market China.