Category: Top Story
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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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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…
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Wall Street futures signal mixed start as inflation concerns offset tech strength: Dow Jones, S&P, Nasdaq
U.S. stock futures pointed to a mixed open on Wednesday, with investors balancing renewed strength in technology shares against fresh inflation data that reinforced concerns about interest rates and rising costs. Futures tied to the Nasdaq moved higher ahead of the open, supported by gains in semiconductor stocks, while broader market sentiment outside the technology…
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Nvidia rises after Trump says Huang joined China delegation (NVDA)
Shares of Nvidia (NASDAQ:NVDA) moved higher in premarket trading on Wednesday after U.S. President Donald Trump confirmed that Nvidia chief executive Jensen Huang was accompanying him on his trip to China, pushing back against earlier media reports suggesting the chipmaker executive had not been included in the delegation. “Jensen is currently on Air Force One,”…
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Trump’s China visit, inflation concerns and Cisco earnings dominate market focus: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock index futures traded near unchanged levels on Wednesday as investors monitored President Donald Trump’s upcoming trip to China and prepared for another round of corporate earnings and economic developments. Trump is expected to hold talks with Chinese President Xi Jinping this week, with discussions likely to cover trade, Taiwan and the ongoing conflict…
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Globex signs option agreement on RAMP/Maude Lake gold property
Globex Mining Enterprises (USOTC:GLBXF) has announced it has signed an option agreement with private company 1001565486 Ontario Inc. covering Globex’s RAMP/Maude Lake gold property in northeastern Ontario, southeast of the Timmins mining district. Under the terms of the agreement outlined in a media release, Ontario Inc. may earn a 100 per cent interest in the property through a combination…
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Hot Inflation Data and Middle East Tensions Send Stocks Lower
Wall Street pulled back on Tuesday as a hotter-than-expected inflation report and renewed concerns over the U.S.-Iran conflict sent investors into risk-off mode. The sell-off was sharpest in technology and semiconductor stocks, which had surged to record highs in recent sessions. While a late-afternoon recovery trimmed the worst of the damage, all three major indexes…
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eBay (EBAY) Rejects GameStop (GME) Takeover Proposal as Financing Concerns Mount
eBay (NASDAQ:EBAY) has turned down a proposed $56 billion takeover offer from GameStop (NYSE:GME), citing concerns over the credibility and financing structure of the proposed transaction. The bid would have seen GameStop — a company valued at roughly one-quarter of eBay’s size — attempt one of the most ambitious acquisitions in the retail and e-commerce…