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Sony poised for 'GTA VI' boost as memory prices bite

Sony poised for 'GTA VI' boost as memory prices bite

By Sam Nussey TOKYO, July 29 (Reuters) - Sony is set to be a major beneficiary of the launch of "Grand Theft Auto VI" but the highly anticipated game is landing as the PlayStation maker grapples with rising prices of memory chips.

Microsoft sets record with near $450 billion single-day gain in market value

Microsoft sets record with near $450 billion single-day gain in market value

July 30 (Reuters) - Microsoft added nearly $450 billion in market value on Thursday, the largest one-day gain on record for a company, after it forecast stronger-than-expected cloud growth and signaled continued cash generation through its new fiscal year.

Japan quake snarls auto and chip supply chains as toll hits 34

Japan quake snarls auto and chip supply chains as toll hits 34

By Tim Kelly, Maki Shiraki, Daniel Leussink and Sam Nussey KUMAMOTO, Japan, July 31 (Reuters) - A powerful earthquake that struck southern Japan this week has exposed the vulnerability of the country's manufacturing supply chains, a decade after a devastating quake in the same region triggered

Microsoft set for record one-day market cap gain after upbeat Azure forecast

Microsoft set for record one-day market cap gain after upbeat Azure forecast

July 30 (Reuters) - Microsoft's shares soared more than 16% on Thursday, putting the company on track for a record one-day gain in market value after it said it expects to keep generating cash through its new fiscal year and forecast cloud growth above Wall Street expectations.

Microsoft says cash will keep flowing from AI, shares rise

Microsoft says cash will keep flowing from AI, shares rise

By Deborah Mary Sophia, Stephen Nellis and Aditya Soni July 29 (Reuters) - Microsoft on Wednesday said it expects to keep generating cash through its just-started fiscal 2027 and gave a capital expenditure forecast below Wall Street estimates after an accounting change for data center leases.

Roblox's algorithm, safety changes dent bookings forecast; shares slump

Roblox's algorithm, safety changes dent bookings forecast; shares slump

July 30 (Reuters) - Roblox forecast a steeper-than-expected drop in third-quarter bookings on Thursday as a shift towards lower-spending games and new safety measures weigh on in-app purchases, sending its shares down 14% in after-hours trading.

AMD's Core Scientific deal is bigger than the headline number

AMD's Core Scientific deal is bigger than the headline number

Nine months ago, Core Scientific shareholders turned down real money. They rejected a $9 billion buyout offer from CoreWeave, according to CNBC. Shareholders bet the company was worth more standing alone. On Tuesday, that bet started to look prescient. AMD agreed to lease more than 500 megawatts of ...

Arm shares dive after hours despite forecasts above estimates

Arm shares dive after hours despite forecasts above estimates

By Juby Babu and Max A. Cherney July 29 (Reuters) - Arm Holdings signaled strong demand from AI on Wednesday, yet shares slid 8% after hours in choppy trade even though the intellectual property and chip designer forecast second-quarter revenue above Wall Street estimates.

Meta cash flow craters as Zuckerberg doubles down on AI spending

Meta cash flow craters as Zuckerberg doubles down on AI spending

By Katie Paul and Jaspreet Singh July 29 (Reuters) - Meta Platforms reported a 91% drop in second-quarter free cash flow on Wednesday, underscoring the financial strain of the social media giant's costly AI buildout amid an uncertain payoff.

Roblox forecasts quarterly bookings below estimates as safety features dampen engagement

Roblox forecasts quarterly bookings below estimates as safety features dampen engagement

July 30 (Reuters) - Gaming platform Roblox forecast quarterly bookings below Wall Street estimates on Thursday, as tougher age-verification measures weigh on onboarding and engagement, sending its shares down about 12% in after-hours trading.

Apple briefly tops $5 trillion market value for first time

Apple briefly tops $5 trillion market value for first time

July 28 (Reuters) - Apple's market capitalization briefly surpassed $5 trillion for the first time on Tuesday, making it only the second company ever to achieve that milestone after Nvidia. Its shares were last up 0.72% at $339.33, giving it a market capitalization of $4.98 trillion.

Nasdaq falls as AI worries mount ahead of pivotal earnings

Nasdaq falls as AI worries mount ahead of pivotal earnings

By Johann M Cherian and Ragini Mathur July 28 (Reuters) - The Nasdaq fell on Tuesday, mirroring a cautious mood across global markets toward AI chip stocks on concerns about hefty corporate spending and rising Chinese competition, ahead of earnings from some of the biggest companies on Wall Street.