Tag: Technology Hardware

One of the world’s most prominent technology ETFs looks poised for a big rebalancing that would ramp up exposure to Nvidia Corp. (NVDA) at the expense of Apple Inc. (AAPL) – spurring billions of dollars in trading volume in one fell swoop.

Japanese electronic parts maker TDK on Monday said it had successfully developed a material for its solid-state batteries, making a breakthrough that it estimates could deliver significantly higher performance for wearable devices.

Shares of Raspberry Pi on Tuesday were up 31% in morning trade, as the British computing startup seeks to raise some £166 million ($211.2 million) from its initial public offering.

Apple on Monday said it had partnered with OpenAI to integrate ChatGPT into its devices as it unveiled a new “Apple Intelligence” system in what chief executive Tim Cook called the “next big step” by the iPhone maker.

Ciena posted lower revenue in its latest quarter weighed down by results in its core segment, but the overall decline was less dire than Wall Street predicted.

Momentum in artificial-intelligence servers lifted Hewlett Packard Enterprise Co. to a sizable revenue beat in the latest quarter as the company returned to growth.

 Dell Technologies shares tumbled about 14% in premarket trading on Friday, as the PC and server maker expects sizeable AI investments to dent its quarterly profit.

Businesses are starting to upgrade their personal computers, and that helped HP deliver the April quarter earnings it promised.

Apple
plans to open its first store in Malaysia next month, the company said Wednesday, underscoring a bigger push into the Asia region beyond China.

Apple’s smartphone shipments in China rose 52% in April from a year ago, extending a rebound seen in March, according to data from a research firm affiliated the Chinese government.

Electronic equipment maker Keysight Technologies forecast third-quarter profit below estimates on Monday, anticipating slow demand in electronics industrial markets amid high borrowing costs.

Apple has launched an aggressive discounting campaign on its official Tmall site in China, offering discounts of up to 2,300 yuan ($318) on select iPhone models.

Cisco reported earnings and revenue for the fiscal third quarter that topped Wall Street’s estimates, even with sales dropping from a year earlier. The stock rose as much as 8% in extended trading.

Shares in German technology giant Siemens fell by over 5% on Thursday after the company posted a decline in earnings in the fiscal second quarter and said its automation division had slowed.

British computing startup Raspberry Pi on Wednesday said it plans to list in London, in a rare win for the U.K. stock market.

Sony on Tuesday reported a 7% drop in annual profits in the fiscal year 2023, dragged down by a decline in its financial services division.

Apple stock was rising Monday morning on reports that it may be considering a deal with OpenAI as it looks to build out artificial intelligence to its devices.

 Arista Networks forecast second-quarter revenue above Wall Street estimates on Tuesday, anticipating higher demand for its cloud networking gear from a boom in artificial intelligence applications and chips.

Apple shares climbed 7% in extended trading on Thursday after the iPhone maker reported fiscal second-quarter earnings that topped estimates and announced an expanded stock buyback program.

Super Micro Computer posted quarterly financial results that left bulls wanting more, offset by strong guidance as the company continues to benefit from a huge demand for AI-capable data center servers. It’s the rare case of 200% revenue growth being not quite enough.