Category: Latest News
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Nvidia Shares Gain After Report of U.S. Approval for H200 Chip Sales to China (NVDA)
Nvidia (NASDAQ:NVDA) shares moved higher in premarket trading after Reuters reported that the United States has approved roughly 10 Chinese companies to purchase Nvidia’s H200 artificial intelligence chips, although shipments have not yet begun. The report comes as Nvidia chief executive Jensen Huang attempts to revive stalled sales efforts during a closely watched visit to…
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YETI Shares Jump After Earnings Beat and Upgraded Outlook (YETI)
YETI Holdings (NYSE:YETI) shares climbed 9.6% in premarket trading after the company reported first-quarter results that exceeded Wall Street expectations and lifted the lower end of its full-year guidance. The company posted adjusted earnings per share of $0.26 for the quarter, outperforming analyst forecasts of $0.18 by $0.08. Revenue increased 8% year over year to…
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AMD and ARM Extend Server Market Gains While Intel Loses Share (AMD)
Advanced Micro Devices (NASDAQ:AMD) and Arm Holdings (NASDAQ:ARM) continued to strengthen their positions in the server processor market during the first quarter of 2026, taking additional share from Intel (NASDAQ:INTC), according to a new report published by UBS. The report also showed that personal computer shipments remained weaker than typical seasonal patterns for a second…
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Cisco Shares Surge After $1 Billion AI Restructuring Plan and Workforce Reduction (CSCO)
Cisco Systems (NASDAQ:CSCO) announced a major restructuring initiative on Wednesday aimed at sharpening its focus on high-growth segments such as artificial intelligence, after reporting record third-quarter revenue results. The company said the overhaul will result in approximately $1 billion in charges related to severance payments and other restructuring expenses. Cisco also confirmed plans to reduce…
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Intel Rejoins Formula One Through McLaren Technology Partnership (INTC)
Intel (NASDAQ:INTC) is making a return to Formula One after agreeing to a multi-year partnership with McLaren, where it will serve as the racing organisation’s official compute partner, according to a report from Sky. The partnership is expected to be formally announced on Thursday, although financial details of the agreement have not been disclosed, Sky…
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GameStop’s Ryan Cohen Presses Ahead With Hostile Pursuit of eBay (GME)
GameStop (NYSE:GME) chief executive Ryan Cohen has renewed his threat to launch a hostile takeover bid for eBay (NASDAQ:EBAY) after the company rejected his acquisition proposal earlier this week, according to a report from the Financial Times on Wednesday. According to the report, Cohen sent a letter on Wednesday to eBay chairman Paul Pressler criticizing…
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Oil Prices Rise Slightly as Markets Track Trump-Xi Summit in Beijing
Oil prices moved modestly higher on Thursday as investors closely monitored the summit between Donald Trump and Xi Jinping for any signs of diplomatic progress that could help ease the conflict involving Iran. Trump is reportedly expected to urge China to pressure Tehran into reaching an agreement with Washington aimed at ending the war, although…
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Gold Edges Higher as Markets Monitor Trump-Xi Summit and Inflation Risks
Gold prices moved slightly higher on Thursday as investors evaluated developments from the high-profile meeting between Donald Trump and Xi Jinping, while persistent concerns over oil-driven inflation continued to influence sentiment toward precious metals. Spot gold rose 0.3% to $4,700.25 an ounce by 02:56 ET (06:56 GMT), recovering modestly after losses over the previous two…
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Trump-Xi Summit and Cisco’s AI Restructuring Drive Market Focus: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. equity futures moved higher on Thursday as investors balanced renewed enthusiasm for artificial intelligence against geopolitical uncertainty surrounding the summit between Donald Trump and Xi Jinping. At the same time, oil prices remained above $100 per barrel as markets looked for potential diplomatic progress on the Iran conflict. Meanwhile, shares of Cisco Systems (NASDAQ:CSCO)…
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Tech Giants Power S&P 500 and Nasdaq to Fresh Records
Wall Street shook off another hot inflation print on Wednesday as megacap technology stocks powered the S&P 500 and Nasdaq Composite to new record closing highs. A 3% surge in chipmakers and broad strength in AI-linked names more than offset weakness in rate-sensitive sectors, with seven of the eleven S&P 500 sectors finishing in the…