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Bloomberg66d agoneutral
Nvidia Enters Windows Laptop Market, Taking On Intel and AMD

(Bloomberg) -- Nvidia Corp. is entering the PC market with a new chip aimed at loosening the stranglehold of Intel Corp. technology in that arena and modernizing the machines for the AI era.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedStrait of Hormuz Ship Transits Are Rising Thanks to US HelpBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionAmericans Injured in Iranian Missile Strike on Kuwaiti Air BaseAmericans Hurt in Kuwait as Trump Sends Mixe

Nvidia launches new chip to bring AI directly to personal computers
Reuters67d agoneutral
Nvidia launches new chip to bring AI directly to personal computers

Nvidia has unveiled a new chip that puts AI capabilities directly into laptops and desktop computers, pitting it against the likes of Advanced Micro Devices, Intel and Apple. Nvidia CEO Jensen Huang, who is in Taiwan for ‌the Computex conference, said on the Monday that the RTX Spark PC chip is part of Nvidia's effort with Microsoft to "reinvent the PC" for ‌the AI era after three years of collaboration between the companies. The chip, which industry experts said would overhaul engagement with AI, is designed to run AI agents locally rather than relying solely on cloud ​computing.

Dell unveils $699 XPS 13 laptop in challenge to Apple's MacBook Neo
Reuters67d agoneutral
Dell unveils $699 XPS 13 laptop in challenge to Apple's MacBook Neo

Dell on Sunday unveiled its most affordable laptop, XPS 13, as the PC maker aims to capture ‌market share from Apple's MacBook Neo by attracting students and young professionals. Starting ‌at $699 and a reduced $599 for students aged 16 and older during the back-to-school season, the ​XPS 13 seeks to offer a superior experience compared to the MacBook Neo, Dell said.

Apple’s next AI test may not be Siri
TheStreet68d agoneutral
Apple’s next AI test may not be Siri

Apple (AAPL) doesn’t have to win the artificial intelligence model competition to win the next phase of AI. That's the bet underlying Bank of America's latest Apple call. Wamsi Mohan, an analyst at BofA, increased his price target on Apple to $380 from $330 and reiterated a Buy rating on May 26. ...

Hershey Bull Sees World Cup, America 250 Lifting Sales
Bloomberg69d agoneutral
Hershey Bull Sees World Cup, America 250 Lifting Sales

(Bloomberg) -- Summer events including the FIFA World Cup and America’s 250th anniversary could spur sales of sweet treats, making now a key time to snap up beaten-down shares of Hershey Co., according to the candy and snack maker’s newest Wall Street bull.Most Read from BloombergSingapore Hands Byju's Founder His First Ever Jail TermApple to Overhaul iOS 27 Siri, AI Features: Here's a First PeekCVS Returns Zepbound to Drug Plans After Lilly Slashes PriceSpaceX Said to Cut IPO Value Goal to at L

Key Themes to Watch at Asia’s Biggest AI Tech Show
Bloomberg69d agoneutral
Key Themes to Watch at Asia’s Biggest AI Tech Show

(Bloomberg) -- Nvidia Corp.’s Jensen Huang leads a parade of AI computing leaders in Taiwan for Asia’s biggest technology showcase, Computex. Over a jam-packed week, the hardware linchpins of the post-ChatGPT era will debate the most pressing issues facing their industry, from growing bottlenecks in the supply of essential components like memory chips to the rise of challengers to Nvidia at the apex of the semiconductor hierarchy.Most Read from BloombergSingapore Hands Byju's Founder His First E

Foxconn has 'immense confidence' in growth momentum due to AI, chairman says
Reuters70d agoneutral
Foxconn has 'immense confidence' in growth momentum due to AI, chairman says

Taiwan's Foxconn, the world's largest contract electronics maker, has "immense ‌confidence" in its growth momentum because of ‌soaring AI demand, Chairman Young Liu said on Friday. The company, ​Nvidia's biggest server maker and Apple's top iPhone assembler, this month reported a 19% rise in first-quarter profit versus the same period a year earlier, ‌beating expectations due ⁠to strong global demand for AI products. Liu, speaking at an annual shareholders meeting ⁠in Taipei's neighbouring city of New Taipei, said AI remains highly sought after, with capital spending by ​the major ​cloud service providers already ​exceeding $700 billion this year.

Anthropic to roll out Claude Mythos in coming weeks, launches Opus 4.8
Reuters70d agoneutral
Anthropic to roll out Claude Mythos in coming weeks, launches Opus 4.8

Anthropic on Thursday said it is launching an upgraded ‌Claude Opus 4.8 model even as ‌it works to release its powerful, market-moving Mythos model ​to all customers in the coming weeks. Mythos is the AI lab's large language model with advanced cybersecurity capabilities that have ‌raised concerns among ⁠executives and world leaders about its impact. As a part of Project ⁠Glasswing, major tech firms such as Amazon, Microsoft and Apple are permitted to ​use Mythos ​for cybersecurity purposes.

SpaceX's Secret Metric
Trefis70d agoneutral
SpaceX's Secret Metric

Imagine a private company pouring billions into unproven mega-rockets and moonshot ambitions suddenly being valued at over $1.75 trillion. Almost 2x what Apple was worth a decade ago. More than the GDP of most nations.

Apple’s iOS 27 Siri Overhaul and AI Features Previewed in New Images
Bloomberg70d agoneutral
Apple’s iOS 27 Siri Overhaul and AI Features Previewed in New Images

(Bloomberg) -- Apple Inc.’s much-anticipated Siri overhaul is set to become the centerpiece of its next iPhone, iPad and Mac software updates — and Bloomberg News is offering the first peek at what the new digital assistant will look like.Most Read from BloombergSingapore Hands Byju's Founder His First Ever Jail TermIran’s Khamenei Says No Going Back for Middle East Rocked by WarTwo More Oil Supertankers Exit Hormuz to Help Push Up FlowsEx-President Biden Sues to Stop DOJ Sharing Interview Tapes

Inflation Sparks Affordability Crisis For Retirees
Investor's Business Daily70d agoneutral
Inflation Sparks Affordability Crisis For Retirees

Inflation is taking the fun out of retirement. Rising costs are taking too big a bite out of many retirees' budgets, creating stress, sleepless nights and constant worries about money. The math isn't adding up for many retirees since their paychecks stopped, according to Schroders.

The App for Trump Accounts Will Launch Thursday. Here’s What to Know.
The Wall Street Journal71d agoneutral
The App for Trump Accounts Will Launch Thursday. Here’s What to Know.

The app where millions of Americans will be able to manage new Trump accounts for their children is set to launch Thursday, a Treasury department spokeswoman said. Account activation will begin for families who have already enrolled in the program. The app, built by Bank of New York Mellon and Robinhood, will be available in the Apple and Google app stores.

Bank of America resets Apple stock price target on AI update
TheStreet72d agoneutral
Bank of America resets Apple stock price target on AI update

Apple has spent much of 2026 defending itself. Tariff concerns. Questions about AI pace. A market that has rewarded louder AI stories more generously. The stock has still gained over 50% in the past 12 months, but the narrative has been harder to hold. On May 26, Bank of America analyst Wamsi Mohan ...

Ferrari reverses after controversial EV announcement
TheStreet72d agoneutral
Ferrari reverses after controversial EV announcement

U.S. car manufacturers have learned a valuable lesson about electric vehicles over the past couple of years: American consumers don't like expensive EVs. That's why Ford is still pushing hard for EVs despite the $19.5 billion in losses it was recently forced to write down in its electric vehicle ...

Ferrari's First EV Fails to Impress Investors
The Wall Street Journal72d agoneutral
Ferrari's First EV Fails to Impress Investors

Europe’s most valuable automaker took the wraps off its first-ever model without an internal combustion engine Sunday. Designed in partnership with celebrated Apple alumnus Jony Ive, the Ferrari Luce is big on glass, light and space.

April shipments of foreign-branded phones in China up 1.8% Y/Y, CAICT data shows
Reuters72d agoneutral
April shipments of foreign-branded phones in China up 1.8% Y/Y, CAICT data shows

Shipments of foreign-branded mobile ‌phones in China ‌for April, including Apple's iPhones, ​were up 1.8% from the same month last year, Reuters calculations ‌based on ⁠data released by a government-affiliated research ⁠firm on Tuesday showed. The data from the ​China Academy ​of ​Information and ‌Communications Technology showed shipments of foreign-branded phones within China were at 3.59 million units in ‌April. Overall phone shipments ​in China ​last ​month were up ‌2.8% year-on-year to ​25.73 million ​units, according to the data.

Wedbush analyst has bold IMAX stock message for investors
TheStreet73d agoneutral
Wedbush analyst has bold IMAX stock message for investors

IMAX Corporation (IMAX) shareholders had the kind of Friday that rewrites a year. Shares of the premium cinema technology company jumped about 15% on May 22, closing at $39.12, after The Wall Street Journal reported the company is exploring a sale and has approached entertainment companies as ...