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S&P and Nasdaq dip as investors focus on tech earnings

S&P and Nasdaq dip as investors focus on tech earnings

By Sinéad Carew and Noel Randewich July 27 (Reuters) - Wall Street dipped on Monday, as investors worried that stubbornly high oil prices could force the Federal Reserve to raise interest rates, as they also awaited guidance from major technology companies in a busy week for quarterly earnings.
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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.
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S&P 500 inches higher in choppy trading as investors await pivotal earnings

S&P 500 inches higher in choppy trading as investors await pivotal earnings

By Johann M Cherian and Ragini Mathur July 28 (Reuters) - The benchmark S&P 500 edged higher in a choppy session on Tuesday, as gains in other sectors offset a decline in chip stocks ahead of key earnings reports from some of Wall Street's "Magnificent Seven" companies.
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Tech employees call for US-backed global effort to manage risks of advanced AI

Tech employees call for US-backed global effort to manage risks of advanced AI

July 28 (Reuters) - More than 1,100 employees from leading tech firms on Tuesday urged the U.S. government to support an international effort to develop tools for managing the pace of advanced AI development.
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AMD signs AI data center deal with Core Scientific

AMD signs AI data center deal with Core Scientific

July 28 (Reuters) - AMD on Tuesday signed a deal with Core Scientific to secure up to 2.5 gigawatts of data center capacity as the chip firm expands infrastructure to meet growing demand for AI computing.
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Wall St set to open higher as pause in US-Iran hostilities lifts sentiment

Wall St set to open higher as pause in US-Iran hostilities lifts sentiment

By Johann M Cherian and Ragini Mathur July 27 (Reuters) - Wall Street's main indexes were set to open higher on Monday after the United States and Iran paused hostilities, boosting risk appetite ahead of a week of major earnings, economic data and an interest rate decision.
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Cadence raises annual forecasts as demand booms for AI chip design

Cadence raises annual forecasts as demand booms for AI chip design

July 27 (Reuters) - Cadence Design Systems raised its annual revenue and profit forecasts on Monday, banking on robust demand for its AI-powered chip and system design software. Shares of the company rose more than 5% in extended trading.
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Nasdaq futures slide as AI worries mount ahead of pivotal earnings

Nasdaq futures slide as AI worries mount ahead of pivotal earnings

By Johann M Cherian and Ragini Mathur July 28 (Reuters) - Nasdaq futures 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
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Nvidia partner ChipAgents raises $60 million to accelerate chip design with AI agents

Nvidia partner ChipAgents raises $60 million to accelerate chip design with AI agents

By Max A. Cherney LONG BEACH, California, July 29 (Reuters) - Chip design startup ChipAgents expanded its Series A financing with a $60 million infusion to further fund its plans to speed up semiconductor design through the use of AI agents, its chief executive said.
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US to award GlobalFoundries $300 million to develop faster AI chip links

US to award GlobalFoundries $300 million to develop faster AI chip links

July 29 (Reuters) - GlobalFoundries said on Wednesday the U.S. government will award $300 million to the chipmaker to bolster research and development of silicon photonics technology to power more efficient AI data centers.
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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.
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Morning Bid: China chip champ

Morning Bid: China chip champ

By Mike Dolan July 27 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets A pause in the Iran conflict and a sizeable retreat in crude oil prices away from $100 per barrel offer some relief at the start of what's set to be another turbulent