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The Latest Breaking News from Stacy Rasgon

Intel's stock drops 30% overnight —company sheds $39 billion in market cap

Intel capitalization drops by $39 billion overnight due to modest business outlook and a massive layoffs plan.

Tom’s Hardware

Nvidia’s rising star gets even brighter with another stellar quarter propelled by sales of AI chips

Nvidia’s specialized chips powered the firm to second-quarter revenue of $13.51 billion, or $2.48 per share, more than nine times higher than the company made a year ago.

Chicago Sun-Times

Lam Research Poised For ‘Solid Start To The Year’ As 3 Analysts Discuss Q4 Print

Shares of Lam Research Corporations piked in early trading, after the company reported upbeat quarterly results

Zenger

From analysis to the latest developments in health,
read the most diverse news in one place.

Intel’s Q2 Results Get Mixed Reactions From 4 Analysts: ‘AI Contribution Remains Modest’

Analysts are diving into second quarter financial results reported by Intel Corporation (NASDAQ: INTC) Thursday after market close

Zenger

PC market might return to normal this year analyst says noting Intel and AMD reports

The PC market has taken a dive in recent years, but it's looking like things could look "less ugly" by end of year.

Windows Central

Can Intel become the chip champion the US needs?

Once the leading player in the semiconductor industry, the company is attempting to pull off one of tech’s most complex turnrounds

Financial Times

Qualcomm posts weaker results amid sluggish global smartphone demand

Global economic headwinds that began late last year continue to batter Qualcomm's financial results, with weak demand for smartphones and bloated inventories at manufacturers expected to linger at least through the first half of this calendar year.

Tribune News Service

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Intel shares erase almost all their 2023 gains after poor earnings and a chip glut

“I don't think I've ever seen anything quite like this before”, said one senior semiconductor analyst for Bernstein Research.

Fortune

US Officials Order Nvidia to Halt Sales of Top AI Chips to China

Chip designer Nvidia Corp (NVDA.O) said on Wednesday that US officials told it to stop exporting two top computing chips for artificial intelligence work to China, a move that could cripple Chinese firms' ability to carry out advanced work like image recognition and hamper Nvidia's business in China. Nvidia shares…

Asharq Al-Awsat

How Texas Instruments went from phasing out this chip plant to modernizing it

Before Texas Instruments Inc. selected Sherman for a $30 billion expansion, the Dallas-based analog chip producer was packing its bags to leave.

Tribune News Service

AMD Analyst Turns Bullish After 10 Years; 'Valuation Downright Attractive, Execution Stellar And Earnings Power Bankable'

Advanced Micro Devices, Inc. (NASDAQ: AMD) shares are advancing on Tuesday, bucking the broader market downturn catalyzed by the escalating tensions between Russia and Ukraine. The strength seen in the shares came after an analyst at Bernstein took a bullish stance on the stock after 10 years.

Benzinga

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