Microsoft Cuts 4,800 Jobs in an Overhaul Reaching Deep Into Xbox
Microsoft told employees this week that it will cut about 4,800 roles, roughly 2 percent of its workforce, in a restructuring that reaches deep into its Xbox gaming business, according…
Meta’s Louisiana Data-Center Bet Grows Past $250 Billion
Meta has raised its planned investment in a Louisiana data-center complex to more than $250 billion, up from an initial commitment of a few billion dollars, making it the largest…
KeyBanc Cuts Apple While Monness Turns Bullish in Same-Day Split
Two analysts looked at the same company on the same day and reached opposite conclusions. KeyBanc cut Apple’s rating, citing weak iPhone demand, pressure from Huawei, and slowing growth in…
Samsung Floats a U.S. Listing, Then Says It Isn’t Coming
Bloomberg reported that Samsung Electronics was evaluating a New York listing through American depositary receipts, a move that would give the world’s largest memory-chip maker direct access to U.S. capital…
TSMC Heads Into Earnings With AI Carrying a Fifth Straight Record Quarter
When TSMC reports second-quarter results on July 16, the market expects its fifth consecutive quarter of record profit, driven by a single engine: AI chips. Reuters reported the expectations ahead…
SK Hynix’s U.S. Rally Collides With a Capacity-Reality Check
Since listing American depositary receipts in New York, SK Hynix’s shares have climbed sharply, with Barron’s describing American money as the Korean memory maker’s new growth engine. This week came…
ASML’s Earnings Will Test the Chip Industry’s Faith in Its Order Book
When ASML reports quarterly results, investors will be looking for answers to two questions: how quickly the Dutch company can clear its backlog of advanced lithography machines, and how much…
General Fusion’s Nasdaq Debut Makes It the First Listed Fusion Company
A Vancouver company that has never delivered a watt of electricity to a grid began trading on the Nasdaq this week, and investors bid its shares up sharply on the…
SpaceX Notches 600th Booster Reuse as Its Stock Faces Three Headwinds
A Falcon 9 booster came back to Earth, was refitted, and flew again this week, the 600th time SpaceX has reused a booster, according to Spaceflight Now. The number is…
Nvidia CEO Denies Rubin Ultra Delay in Push to Court Investors
Jensen Huang walked into a Morgan Stanley roadshow in California this month with a slide deck and a list of rumors to kill. The Nvidia Corp. chief executive, joined by…
