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Qualcomm in talks to provide custom chip-design services to ByteDance, sources say
Reuters43d agoneutral
Qualcomm in talks to provide custom chip-design services to ByteDance, sources say

Qualcomm is in talks to provide chip-design services to China's ByteDance, four people familiar with the matter said, as the U.S. company seeks ‌to reduce dependence on the smartphone market, its biggest revenue source. If successful, the ‌negotiations would make ByteDance, the parent of short-video platform TikTok, an early customer of Qualcomm's chip-design services operation. ​Qualcomm is the world's largest supplier of smartphone modem chips, which manage cellular communications.

Bloomberg43d agoneutral
SK Hynix to File in Korea in Step Toward ADR Sale, Report Says

(Bloomberg) -- SK Hynix Inc. is expected to submit a statement to Korea’s financial regulator for an offering of American Depositary Receipts, according to Korea Economic Daily.Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesSpaceX Falls for Third Day, Erases $600 Billion in Market ValueKorean Stocks Tumble 10% as Extreme Volatility Rattles Investors‘FOMO Really Got Me’: Taiwanese Go Deep Into D

Nvidia's banned AI chips double in price on China's black market, FT reports
Reuters43d agoneutral
Nvidia's banned AI chips double in price on China's black market, FT reports

Nvidia's ‌AI ‌chips have more ​than doubled in price ‌on ⁠China's black market, ⁠the ​Financial ​Times reported ​on ‌Tuesday, citing multiple Chinese chip traders. Reuters ‌could ​not ​immediately ​verify ‌the report. (Reporting ​by ​Angela Christy ​in ‌Bengaluru; Editing ​by Subhranshu ​Sahu)

Bank of America Sees Interest Rates Exploding Higher Soon: Play It Safe With 4 Dividend Giants
24/7 Wall St.44d agoneutral
Bank of America Sees Interest Rates Exploding Higher Soon: Play It Safe With 4 Dividend Giants

Bank of America has predicted that the Federal Reserve will be forced to raise interest rates by 75 basis points this year, with the first 25-basis-point hike in September. They also see additional 25-basis-point hikes in October and December. The energy shock from the war with Iran drove inflation higher, with the CPI rising in ... Bank of America Sees Interest Rates Exploding Higher Soon: Play It Safe With 4 Dividend Giants

Will the Tech Stock Rout Force Anthropic to Pull Its IPO?
24/7 Wall St.44d agoneutral
Will the Tech Stock Rout Force Anthropic to Pull Its IPO?

Anthropic appeared poised to become the next blockbuster public offering. Just weeks ago, enthusiasm surrounding artificial intelligence seemed unstoppable, private market valuations were climbing, and investors were already comparing Anthropic’s potential debut to SpaceX‘s (NASDAQ:SPCX) record-setting IPO. Yet markets can change direction in a hurry. A sudden global sell-off in technology stocks has raised an ... Will the Tech Stock Rout Force Anthropic to Pull Its IPO?

Bloomberg44d agoneutral
‘A Lot of Leeway’: SpaceX’s High-Grade Debt Brings Out Skeptics

(Bloomberg) -- When Moody’s Ratings first evaluated Nvidia Corp. almost a decade ago, it settled on a Baa1 investment-grade rating, taking comfort in its relatively light debt load and more than $1 billion of free cash flow after 16 years as a public company.Most Read from BloombergSpaceX Falls for Third Day, Erases $600 Billion in Market ValueIran Says Hormuz Closed Again as Talks With US Set to OpenStocks Fall as SpaceX’s Rout Offsets US-Iran Hopes: Markets WrapUS and Iran Make ‘Progress’ in T

Bloomberg44d agoneutral
Qualcomm Nears Deal for AI Chip Startup Modular

(Bloomberg) -- Qualcomm Inc. is in advanced talks to acquire Modular Inc. in a transaction valuing the artificial intelligence chip startup at about $4 billion, according to people familiar with the matter.Most Read from BloombergIran Says Hormuz Closed Again as Talks With US Set to OpenUS and Iran Make ‘Progress’ in Talks, Aim to Keep Hormuz OpenStocks Fall as SpaceX’s Rout Offsets US-Iran Hopes: Markets WrapMeta Taps New WhatsApp Boss as Part of $900 Million InvestmentSpaceX Falls for Third Da

The Market Is Panicking on Broadcom. This Is Why I Keep Buying The Stock
24/7 Wall St.44d agobullish
The Market Is Panicking on Broadcom. This Is Why I Keep Buying The Stock

I keep clicking buy on Broadcom (NASDAQ:AVGO) because the math is too good to walk away from, even with a $39 trillion national debt clock ticking and new Fed Chairman Kevin Warsh signaling that borrowing costs are not coming back down on anyone’s preferred schedule. My friends ask why I am adding to the same ... The Market Is Panicking on Broadcom. This Is Why I Keep Buying The Stock