Qualcomm jumps as AI sparks rebound in Chinese smartphone market
(Reuters) – Qualcomm shares climbed about 10% to a more than two-year high on Thursday after the smartphone-focused chipmaker signaled an AI-fueled rebound in demand,
Rivian receives $827 million in incentives to expand Illinois facility, shares jump
(Reuters) -Rivian Automotive said on Thursday it has received $827 million in an incentive package from the State of Illinois to expand operations at its
Cummins revenue misses estimates as truck demand stays on slow lane
(Reuters) – U.S. truck engine maker Cummins Inc missed Wall Street estimates for first-quarter sales on Thursday, dragged down by waning demand in China and
AMD, Super Micro spark chip selloff as earnings miss lofty AI expectations
By Harshita Mary Varghese (Reuters) -Advanced Micro Devices and Super Micro Computer led a selloff in chip stocks on Wednesday after their earnings disappointed investors
Apple set for big sales decline as investors await AI in iPhones
By Yuvraj Malik (Reuters) -Apple’s plan to add generative AI to its iPhones and revive sagging sales in the crucial Chinese market will be in
Starbucks shares hit two-year low as China, US demand clouds outlook
By Juveria Tabassum (Reuters) – Shares of Starbucks fell 15% to their lowest in nearly two years on Wednesday, after the coffee chain cut annual
Amazon results beat estimates, revenue forecast misses
By Greg Bensinger and Yuvraj Malik (Reuters) -Amazon.com reported quarterly results above Wall Street’s expectations on Tuesday, as interest in artificial intelligence helped drive cloud-computing
‘Bitcoin Jesus’ arrested in Spain on US tax evasion charges
By Nate Raymond (Reuters) – An early investor in bitcoins dubbed the “Bitcoin Jesus” has been arrested in Spain on U.S. charges that he evaded
Pinterest forecasts quarterly revenue above estimates, shares surge
By Jaspreet Singh (Reuters) -Pinterest forecast second-quarter revenue above Wall Street estimates on Tuesday, expecting a boost from its ad partnerships with Amazon and Google,
Trump raises stake in his media firm to nearly 65%
(Reuters) – Donald Trump has raised his stake in the company that operates his social media app Truth Social to nearly 65% as of last