Broadcom rides on AI chip demand to deliver upbeat revenue forecast
By Harshita Mary Varghese and Max A. Cherney June 5, 2025 Reuters June 5 (Reuters) – Broadcom (AVGO.O), forecast third-quarter revenue above Wall Street estimates on Thursday, betting on strong demand for its networking and custom AI computing chips. However, the company’s shares fell 4% in extended trading, after gaining about 12% this year, as […]
Microsoft Shares Go From Laggard to Leader as AI Growth Improves
Summary by Bloomberg AI Microsoft Corp. shares are close to a record high due to signs of improvement in its Azure cloud-computing business, fueled by the broader rebound in US equities and better-than-expected results. Azure’s revenue growth of 33% exceeded expectations, with analysts projecting AI-related Azure revenue to rise to about $24 billion in the […]
Nvidia Eases Concerns About China With Upbeat Sales Forecast
Summary by Bloomberg AI Nvidia expects revenue of about $45 billion in the second fiscal quarter, despite new export restrictions costing about $8 billion in Chinese revenue. The company is ramping up production of its latest semiconductor design, Blackwell, and is offering its chips as part of whole computer systems to speed up AI deployment. […]
Lyft shares pop 23% after buyback; CEO says there are no signs of worry with the consumer
Samantha Subin May 9th, 2025 • Lyft CEO David Risher told CNBC’s “Squawk Box” that the company isn’t seeing “anything to worry about” with the consumer. • The ride-sharing company upped its share buyback plan to $750 million and posted better-than-expected gross bookings. • The company said the quarter was its 16th straight period of […]
Disney Raises Profit Forecast on Strong Parks, Streaming
Summary by Bloomberg AI Walt Disney Co. reported fiscal second-quarter results that beat Wall Street estimates and raised its outlook for the full year, citing strong performances from theme parks and streaming TV. The company expects full-year fiscal 2025 earnings to rise 16% to $5.75 a share, driven by faster-than-expected growth at its theme parks […]
AMD beats on earnings but will take $1.5 billion hit to revenue from chip restrictions to China
Kif Leswing May 6 2025 AMD reported first fiscal-quarter earnings on Tuesday that topped expectations, and provided a strong guide for current-quarter revenue. The company’s data center segment, including AI graphics and central processor sales, topped estimates and rose 57%. AMD’s forecast also included $800 million in costs that the company said it would incur […]
Foxconn could make all US iPhones outside of China if needed, says company
‘We can help Apple respond to its needs in the US market’ By Jon Porter June 11 2019 Jon Porter is a reporter with five years of experience covering consumer tech releases, EU tech policy, online platforms, and mechanical keyboards. A senior Foxconn executive says that the company could move production of all iPhones destined […]
Morgan Stanley stands by Nvidia as a top pick even though tariff turmoil is not over
Pia Singh April 10 2025 CNBC Morgan Stanley is sticking by Nvidia during the stock’s rocky ride, saying demand for the company’s products should help the artificial intelligence darling outperform and push past tariff concerns. Analyst Joseph Moore reiterated Nvidia as a top semiconductor pick and kept his overweight rating and $162 price target. That […]
Buying Nvidia right now is a ‘particularly attractive opportunity,’ Bank of America says
Brian Evans March 3rd, 2025 CNBC There is an end in sight to Nvidia’s recent rough patch, and that means now could be a plum buying opportunity for shares of the artificial intelligence darling, according to Bank of America. ″[W]e believe the stock is providing a particularly attractive opportunity for one of the most unique, […]
Apple will spend more than $500 billion in the U.S. over the next four years
February 24th, 2025 Teams and facilities to expand in Michigan, Texas, California, Arizona, Nevada, Iowa, Oregon, North Carolina, and Washington Plans include a new factory in Texas, doubling the U.S. Advanced Manufacturing Fund, a manufacturing academy, and accelerated investments in AI and silicon engineering CUPERTINO, CALIFORNIA Apple today announced its largest-ever spend commitment, with plans […]