To sidestep U.S. controls, Chinese resellers are using entities registered outside of China to purchase Nvidia-powered servers from firms in Malaysia, Vietnam, and Taiwan.
Stocks fell broadly on Monday to start the month of March with all three major indices red in midday trading. Investors digested a decline in February's ISM Manufacturing PMI data which fell to 50.3%, down from 50.9% in January.
The company raised its “Future Ready” savings target from $1.6 billion to $1.9 billion by the end of the fiscal year 2025 as it looks to cut 1,000-2,000 jobs.
There are signs of trouble ahead, like economic slowdown and resurgent inflation, but also signs of strength, like healthy demand - at least in some places.
The chipmaker reported fourth-quarter revenue of $39.3 billion, up 78% year over year, with data center sales driving much of the growth. Full-year revenue topped $130 billion, more than doubling from the prior year.
Bloomberg, citing unnamed sources, said Italian officials believe Jean-Marc Chery has failed to navigate the company through mounting industry challenges.
ON Semiconductor announced a company-wide restructuring plan that includes 2,400 job cuts as it seeks to align costs with business trends and offset revenue headwinds.
Bloomberg reported that the Trump administration has begun discussing tightening chip sales restrictions to China, which could impact Nvidia’s increasing sales to Alibaba, Tencent, and ByteDance.
Recently, markets have been making new highs, stunning the crowd. One big reason for this is the hidden, bullish breadth in technology stocks – and in ETFs like the Technology Select Sector SPDR Fund.
In this week's video, we'll review the latest charts and data to help us answer the question, was Friday's selloff the beginning of the end for the stock market bulls?
In this video, I review the market warnings I've shared over the past three weeks and how Friday's session confirmed negative divergences across key metrics signaling weakness.
With $17 billion now earmarked for repurchases, investors remain optimistic that Cisco’s capital allocation strategy will continue to provide a tailwind for its stock.
