Explore

Reuters Reuters
Qualcomm quarterly forecast underwhelms, but CEO says worst of memory crunch over

Qualcomm quarterly forecast underwhelms, but CEO says worst of memory crunch over

By Zaheer Kachwala and Stephen Nellis SAN FRANCISCO, April 29 (Reuters) - Qualcomm forecast third-quarter revenue and adjusted profit below Wall Street expectations on Wednesday, as the chipmaker braces for a hit to demand stemming from a shortage of memory chips used in consumer electronics.
Reuters Reuters
AI stocks slide after report sparks OpenAI growth concerns

AI stocks slide after report sparks OpenAI growth concerns

By Twesha Dikshit April 28 (Reuters) - AI firms fell in premarket trading on Tuesday after the Wall Street Journal reported that OpenAI has missed its goals for new users and revenue in recent months, raising concerns over the ChatGPT creator's growth prospects.
Reuters Reuters
KLA Corp forecasts strong quarterly revenue on AI-linked demand

KLA Corp forecasts strong quarterly revenue on AI-linked demand

April 29 (Reuters) - KLA Corp forecast quarterly revenue above estimates on Thursday, banking on strong demand for its chipmaking tools as semiconductor manufacturers ramp up production of high-end processors for artificial intelligence.
Reuters Reuters
Amazon tops cloud expectations on strong AI demand, shares rise

Amazon tops cloud expectations on strong AI demand, shares rise

By Deborah Mary Sophia and Greg Bensinger April 29 (Reuters) - Amazon.com on Wednesday reported cloud sales growth above Wall Street expectations, driven by strong enterprise spending as companies continue to devote tremendous resources to their artificial intelligence efforts. 
Trendline Trendline
Qualcomm Shares Surge 16% Following CEO's Positive Outlook on China Orders

Qualcomm Shares Surge 16% Following CEO's Positive Outlook on China Orders

Qualcomm Shares Surge 16% Following CEO's Positive Outlook on China Orders
Reuters Reuters
Microsoft's cloud revenue growth disappoints investors, shares drop 2%

Microsoft's cloud revenue growth disappoints investors, shares drop 2%

By Aditya Soni and Stephen Nellis April 29 (Reuters) - Microsoft's modest increase in quarterly cloud revenue growth on Wednesday failed to impress investors worried about rising competition in the artificial intelligence race, and its shares fell more than 2% in extended trading.
Reuters Reuters
GE HealthCare cuts annual profit forecast as inflation weighs on costs

GE HealthCare cuts annual profit forecast as inflation weighs on costs

April 29 (Reuters) - Medical equipment maker GE HealthCare on Wednesday cut its full-year profit forecast on the back of inflation-driven cost pressures, sending its shares down more than 9% in premarket trading.
Reuters Reuters
Qualcomm surges on report of OpenAI tie-up for AI smartphone processors

Qualcomm surges on report of OpenAI tie-up for AI smartphone processors

April 27 (Reuters) - Qualcomm shares jumped 13% in premarket trading on Monday after an analyst said OpenAI was working with the chip designer and Taiwan's MediaTek to develop smartphone processors.
Trendline Trendline
Qualcomm Partners with OpenAI to Develop AI Smartphone Chip

Qualcomm Partners with OpenAI to Develop AI Smartphone Chip

Qualcomm Partners with OpenAI to Develop AI Smartphone Chip
Reuters Reuters
Spotify forecasts second-quarter profit below estimates, shares fall

Spotify forecasts second-quarter profit below estimates, shares fall

April 28 (Reuters) - Spotify forecast second-quarter earnings and premium subscribers below Wall Street estimates on Tuesday, a sign of slowing growth for the Swedish streaming giant in its major markets of Europe and North America. Shares of the company fell around 6% in premarket trading.
Trendline Trendline
OpenAI Collaborates with Qualcomm and MediaTek to Develop Custom Smartphone Processor

OpenAI Collaborates with Qualcomm and MediaTek to Develop Custom Smartphone Processor

OpenAI Collaborates with Qualcomm and MediaTek to Develop Custom Smartphone Processor
Reuters Reuters
US stock index futures muted on stalled US-Iran peace talks

US stock index futures muted on stalled US-Iran peace talks

April 27 (Reuters) - Wall Street futures were muted early on Monday as peace talks between the U.S. and Iran stalled, while investors awaited a flood of earnings as well as commentary from the Federal Reserve meeting this week.