Apple will launch new products on May 7 in a online event, according to invites sent to the media on Tuesday. The event, with the tag line “Let loose,” will be livestreamed on Apple’s website at 10 a.m. Eastern time. Apple’s launch events are usually pre-recorded. Apple is expected to release new iPads after no … Read more
Meta will partner with external hardware companies, including Lenovo, Microsoft and Asus, to build virtual reality headsets using the company’s Meta Horizon operating system, the company said Monday. The move will create new hardware devices that run on the same operating system and software as Meta’s current first-party virtual reality hardware, such as the Quest … Read more
Workers at Carl Zeiss ZMT are seen outside giant vacuum chambers where optical systems for ASML’s new High NA EUV tool are tested. ASML Chip stocks fell on Wednesday after ASML, a key developer of semiconductor manufacturing equipment, said that bookings fell by 61% sequentially during the first quarter, a steeper drop than investors had … Read more
Apple CEO Tim Cook greets customers as he arrives for the release of the Vision Pro headset at the Apple Store in New York City on Feb. 2, 2024. Angela Weiss | AFP | Getty Images Apple shares climbed 4.3% on Thursday to a share price of $175.04. It is Apple’s best day since May … Read more
Pat Gelsinger, CEO Intel, speaking on CNBC’s Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBC Intel on Tuesday unveiled its latest artificial intelligence chip, called Gaudi 3, as chipmakers rush to produce semiconductors that can train and deploy big AI models, such as the one underpinning … Read more
Tim Cook, CEO of Apple, during an event at Apple Park campus in Cupertino, California, Sept. 12, 2023. David Paul Morris | Bloomberg | Getty Images Apple is laying off 614 workers in California, according to a new state filing, the company’s first significant round of job cuts since the pandemic. The affected Apple employees … Read more
U.S. President Joe Biden tours the Intel Ocotillo Campus, in Chandler, Arizona, U.S., March 20, 2024. Kevin Lamarque | Reuters Intel shares fell 4% at one point in extended trading on Tuesday after the company revealed long-awaited financials for its semiconductor manufacturing business, commonly called the foundry business, in a SEC filing. Intel said its … Read more
Microsoft CEO Satya Nadella, right, greets OpenAI CEO Sam Altman during the OpenAI DevDay event in San Francisco on Nov. 6, 2023. Justin Sullivan | Getty Images News | Getty Images Tech giants aren’t doing much acquiring these days, due mostly to an unfavorable regulatory environment. But they’re finding other ways to spend billions of … Read more
The trading floor of the New York Stock Exchange prepares for the social media platform Reddit’s initial public offering in New York City on March 21, 2024. Spencer Platt | Getty Images Reddit shares are plummeting after experiencing a rally stemming from the social media company’s IPO last week. Shares closed at $49.32, ending the … Read more
Reddit’s post-IPO rally continues, despite the company receiving a hold rating from a prominent analyst. Reddit shares were up by 15% during midday trading on Tuesday to around $68.88, underscoring investor interest in the company, which was the first major social media business to go public since Pinterest’s 2019 IPO. The company’s shares were up … Read more
