Tag: Technology Hardware

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.

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.