IBM and SAP join Spotify, Google, Intel, Microsoft, Amazon, Salesforce and other major companies laying off thousands of people
IBM and SAP are among the latest companies in the layoffs spotlight. Here’s a list of other companies making job cuts
IBM and SAP are among the latest companies in the layoffs spotlight. Here’s a list of other companies making job cuts
These two semiconductor investors are back to discuss a significant problem affecting the data center market.
(Reuters) -Intel Corp said it expects to lose money in the current quarter, surprising investors with a bleaker-than-expected outlook for both the PC market and slowing growth in its key data center division. Two of Intel's most important markets are showing signs of weakness after two years of strong growth as remote work boomed during the pandemic. Now, the PC industry is struggling with a glut of chips after demand for consumer electronics fell off a cliff and business customers wary of a recession are slowing spending on data centers.
(Bloomberg) -- Snap Inc. shares are trading near their cheapest valuation on record, but a myriad of headwinds has investors doubtful over the prospect of a sustainable recovery ahead.Most Read from BloombergHindenburg vs Adani: The Short Seller Taking On Asia’s Richest PersonNYSE Mayhem Traced to a Staffer Who Left a Backup System RunningWe Asked ChatGPT to Make a Market-Beating ETF. Here’s What HappenedHindenburg’s Short Sell Call Shaves $12 Billion Off Adani StocksThe Snapchat parent reports
The once-booming chip industry has been hurt by flagging consumer appetite amid worries over possible recession.
Intel shares dropped late Thursday after the chip maker reported a big miss for the fourth quarter and forecast a loss for the first quarter.
Chipmaker Intel missed Wall Street's targets for sales and earnings in the fourth quarter. Intel stock tumbled on the news.
Moor Insights & Strategy Founder, CEO and Chief Analyst Patrick Moorhead speaks with Yahoo Finance Live about Intel's latest quarterly results, why it was a disappointment, and the possible silver lining.
Amazon bought some 400 acres near the Intel site in New Albany for around $117 million. At the same time, an entity tied to the New Albany Co. is finalizing plans for a massive industrial park near where the tech giant purchased the land.
Extreme Networks, Inc. (NASDAQ:EXTR) Q2 2023 Earnings Call Transcript January 25, 2023 Operator: Good day, and thank you for standing by. Welcome to the Extreme Networks Second Quarter Fiscal Year ’23 Financial Results. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. Please be […]
Oregon’s largest private employer faces an uncertain economy, declining PC market and stiff competition from rival Advanced Micro Devices Inc. (Nasdaq: AMD) for data center business. “Few names in our coverage have as universally negative sentiment surrounding the company’s fundamental’s as does Intel,” Cowen analyst Matthew Ramsay wrote in an earnings preview. “We believe guidance and estimates are going lower, but it’s hard to judge what is ‘in the stock’ as sentiment remains low,” Susquehanna’s Christopher Rolland wrote.
As of 3:20 p.m. ET, the stock was still up 6.1%. While the rebounding market no doubt played a part in its ascent, the real reason Datadog gained ground was bullish commentary by a Wall Street analyst. Cantor Fitzgerald analyst Jonathan Ruykhaver initiated coverage of Datadog stock with an overweight (buy) rating.
These companies are well positioned to earn the title "tech giant" a decade or two down the road.
Cathie Wood made her name by backing growth-oriented and cutting-edge stocks with her Ark Innovation ETF (ARKK) delivering huge returns for investors before and during the Covid-era. That all changed, however, as market sentiment shifted, and the past two years have seen the once-lauded investor’s reputation take a hit with the ARKK fund posting huge losses. But, so far, 2023 is turning out to be a turnaround story. ARKK is up nearly 20% since the turn of the year. Meanwhile, Wood has been loadi
A US-based financial forensic firm has alleged that India’s Adani Group, led by the world’s third-richest person Gautam Adani, is involved in a massive and “brazen stock manipulation” and “accounting fraud scheme.”
Millennials have given up on stocks. Is it time to follow suit?
This is certainly in the realm of possibilities for many high-potential companies, especially after the recent market declines, and here are two in particular that could grow to 10 times their current market cap if things go well in their businesses. E-commerce still makes up only about 15% of all U.S. retail sales, and as Shopify's ecosystem continues to grow, it becomes more attractive to businesses (especially larger enterprises) that sell online. The company estimates its total addressable market opportunity to be about $160 billion, about 30 times its current revenue.
Investor sentiment has been improving, but the contrarians haven’t gone silent. Legendary British investor Jeremy Grantham is predicting hard times ahead, as he lays out his case for doom and gloom to cast a shadow on the markets. In Grantham’s view, the pandemic stock gains were a bubble, and that bubble hasn’t fully popped yet. Putting some numbers to this view, Grantham believes that a further drop of 20% is possible this year – and in his worst-case scenario, he says that the S&P 500 could c
Shares of Adani Group companies plummeted after its founder was accused of “pulling the largest con in corporate history.”
It's why the Nasdaq Composite lost a third of its value last year. Despite this turmoil, some growth stocks are expected to deliver phenomenal sales growth in 2023 -- even as their share prices come under pressure. What follows are three of the fastest-growing stocks on the planet in 2023.
In this article, we will discuss the 10 stocks recently downgraded by analysts. If you want to see more such stocks on the list, you can directly visit Analysts Are Downgrading These 5 Stocks. Microsoft Corporation (NASDAQ:MSFT) is in the news after the company posted fiscal Q2 results. The company’s revenue outlook for the March […]