Nvidia expects second-quarter revenue to drop on gaming weakness

-Nvidia Corp said on Monday it expects second-quarter revenue to drop 19% from the prior quarter on weakness in its gaming business, sending the chip designer's shares down about 7% in premarket...

5 things to know before the stock market opens Wednesday

The S&P 500 enters Wednesday down nearly 1% for the week, while the tech-heavy Nasdaq has declined 0.34%. The Dow Jones Industrial Average is the laggard, falling 1.37% week to date. House Speaker...

Futures rise ahead of services activity data; PayPal shines

- U.S. stock index futures edged higher on Wednesday, with focus on services activity data due later in the day after a report earlier this week amplified economic slowdown worries, while PayPal...

Robinhood posts 6% sequential increase in 2nd qtr revenue

- Robinhood Markets Inc (NASDAQ:HOOD) posted a 6% sequential increase in second quarter revenue despite a market sell-off in equities and cryptocurrencies. Robinhood announced last quarter that it...

Brazil's Cielo Q2 net profit doubles, beating forecasts

- Brazilian payment processor Cielo SA (OTC:CIOXY) said on Tuesday its second-quarter net profit more than doubled, beating analysts' forecasts. The company, controlled by lenders Bradesco and...

Electronic Arts sales forecast disappoints as gaming craze cools

-Electronic Arts Inc on Tuesday forecast quarterly adjusted sales below estimates as easing COVID-19 curbs cool the pandemic-era gaming rage by unlocking other avenues for entertainment. The video...

Gilead quarterly profit falls as COVID antiviral sales decrease

- Gilead Sciences Inc (NASDAQ:GILD) on Tuesday said its second-quarter adjusted profit fell 13% due to higher research and royalty costs as well as a downturn in sales of its COVID-19 antiviral...

AMD forecasts current-quarter revenue largely below estimates

-Advanced Micro Devices Inc on Tuesday forecast third-quarter revenue largely below estimates, sending the chip designer's shares down 5%. The company expects revenue of $6.7 billion, plus or...

Occidental Petroleum posts higher quarterly profit

- Occidental Petroleum Corp (NYSE:OXY) posted a sequential rise in second-quarter profit, as the U.S. shale producer benefited from higher crude prices. The company's net earnings attributable to...

AMD forecasts current-quarter revenue largely below estimates

Advanced Micro Devices Inc on Tuesday forecast third-quarter revenue largely below estimates, sending the chip designer's shares down 5%.

Qualcomm revenue forecast dismays on cooling smartphone demand

Qualcomm Inc forecast fourth-quarter revenue below estimates on Wednesday, bracing for difficult economic conditions and a slowdown in smartphone demand that could hit its mainstay handset chips...

Intel plans to manufacture chips for Taiwanese chip designer MediaTek, the first major partnership for Intel Foundry...

Intel bags deal to make chips for MediaTek, that other Android processor designer This will be the x86 giant's first major foundry customer Intel will manufacture chips for Taiwanese chip...

Why Nvidia Stock Rallied Another 3% Today

The top chip designer is making a comeback along with other growth stocks.

SoftBank ‘halts plans’ for Arm’s London listing amid political instability

Loss of UK chip designer’s flotation would jeopardise capital’s attempt to prove it can compete against USSoftBank has reportedly halted plans to explore a London listing of Cambridge-based chip...

What Friday's downgrade of Micron means for our chipmaker stocks

All four semiconductor stocks we own were down Friday, but we did not tinker with our positions. Shares of Micron tumbled 7% Friday, after Piper Sandler analyst Harsh Kumar downgraded the stock to...

London set to miss out on another hot tech listing as SoftBank eyes U.S. for Arm IPO

The firm will likely be publicly listed on the tech-focused Nasdaq stock market within the fiscal year ending March 31, 2023. The U.K. wants its biggest and best tech companies to list on home...

Nvidia ready to abandon Arm acquisition, report says

N Nvidia may be walking away from its acquisition of Arm Ltd., the British chip designer. The blockbuster deal faced global scrutiny, and Nvidia apparently feels that it hasn’t made sufficient...

Nvidia’s Arm acquisition undergoes more scrutiny by the UK government

The UK’s Secretary of State for Digital, Culture, Media, and Sport, Nadine Dorries, ordered the CMA to launch a Phase 2 investigation. The CMA will conduct an in-depth investigation into Nvidia's...

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