US stocks jumped on Friday, partly driven by Broadcom’s blowout earnings report. Broadcom’s AI revenue soared 220% this year, helping drive its stock up 18% on Friday. Investors are eyeing the Fed meeting next week, anticipating a 25 basis point rate cut. US stocks jumped on Friday, with technology stocks leading the market higher after…
For tech’s biggest players, this earnings season is starting to feel like a scene from the movie Jerry Maguire — and the “show me the money” demands aren’t working out any better than they did for Tom Cruise. Some analysts are even dubbing this the “show me the money” quarter, as Wall Street’s patience with…
Chip giant Qualcomm may take over rival Intel, according to a Wall Street Journal report, which cited unnamed sources and added that this comes amid the latter, once the world’s most valuable chip company sees its shares plummet about 60% so far this year. A smartphone with a displayed Intel logo is placed on a…
The chip giant Intel could be at a crossroads as it figures out its next steps amid its declining valuation and struggling business. Chip and wireless communications competitor Qualcomm approached Intel about a takeover deal, the Wall Street Journal reported Friday. And on Monday, Intel CEO Pat Gelsinger sent out an email announcing “the next…