NEW YORK — Wall Street closed mixed Friday as banking stocks rallied on stronger than expected earnings, even as rising US China trade tensions and new port fees rattled global markets. The S&P 500 dipped modestly, the Nasdaq slid, but gains in industrials and financials propped up the Dow. Investors remain cautious of the evolving … Read more
Apple Chief Executive Tim Cook’s latest trip to China this week became a centerpiece for the company’s regional marketing efforts, aligning with the long awaited debut of the iPhone Air. His visit came just as China’s top three telecommunications providers China Mobile, China Unicom and China Telecom secured government approval to begin commercial trials for … Read more
SAN JOSE, Calif. — Broadcom Inc. on Tuesday unveiled a new networking chip designed to help companies build massive artificial intelligence computing systems, intensifying its competition with Nvidia Corp. as the race to dominate AI infrastructure accelerates. The new chip, called the Thor Ultra, enables cloud operators to connect hundreds of thousands of data processing … Read more
SAN FRANCISCO — Oracle Cloud Infrastructure announced Tuesday that it will deploy 50,000 artificial intelligence chips from Advanced Micro Devices beginning in the second half of 2026, marking one of the largest single AI hardware investments outside of Nvidia’s ecosystem. The move highlights a growing willingness among cloud providers to diversify away from Nvidia’s dominant … Read more
Power Integrations, a US based semiconductor manufacturer specializing in power conversion technology, has announced a partnership with Nvidia to help advance the transition of artificial intelligence data centers toward 800 volt direct current power systems. The collaboration is part of Nvidia’s larger initiative to make massive computing facilities more energy efficient and reliable as global … Read more
LONDON — British autonomous driving start up Wayve is reportedly in talks with Microsoft and SoftBank to raise as much as $2 billion in fresh funding, a deal that could value the London based company at about $8 billion, according to a report by the Financial Times on Monday. If confirmed, the investment would mark … Read more
Broadcom’s top chip executive on Monday dismissed speculation that OpenAI was the company’s unnamed $10 billion customer, clarifying widespread assumptions that emerged after Broadcom’s September earnings call. Charlie Kawwas, president of the semiconductor solutions group at Broadcom, said during a joint appearance with OpenAI President Greg Brockman on CNBC’s Squawk on the Street that the … Read more
BEIJING (AP) — China trade data showed a surprising rebound in September as exports rose at the fastest pace in six months and imports climbed to their strongest level since April 2024, defying expectations of a prolonged slowdown amid rising trade tensions with the United States. Exports increased 8.3% from a year earlier in US … Read more
NEW YORK — Cathie Wood, founder and chief executive of ARK Invest, trimmed her firm’s position in artificial intelligence giant Palantir Technologies, signaling a tactical shift as valuations across the AI sector soar. According to ARK’s daily trade filings, the firm sold about 4,000 Palantir shares on October 10, worth roughly $754,000. Though modest, the … Read more
SYDNEY — In a quiet suburb outside Brisbane, a spider like construction robot named Charlotte is turning heads and reshaping ideas about how homes are built. The Australian robot can 3D print an entire 2,150 square foot house in just one day, using locally sourced and sustainable materials. Developed by Crest Robotics in collaboration with … Read more
