AI Is Going Well For Microsoft, But Cybersecurity Is Not
Microsoft faces security challenges as recent attacks have shaken trust in the company. With emphasis on AI and cloud, analysts are optimistic.
Silicon Laboratories Poised for Growth, Eyeing Strong IoT Expansion: Analyst
Analyst upgrades Silicon Labs, citing favorable position in semiconductor cyclical recovery and improving end market demand. $150 price target.
Amazon’s AWS Mega Investment Marks Indiana’s Biggest Capital Infusion Ever
Amazon Web Services (AWS) investing $11B in Indiana to create 1,000 jobs. AWS leads the global cloud market and plans to expand in Southeast Asia.
Micron’s $6.1B CHIPS Act Funding Propels Major Expansion In US
Micron Technology announced $6.1 billion funding under CHIPS and Science Act for leading-edge memory manufacturing in Idaho and New York, with potential job creation of 75,000 over 20+ years. Stock up 92% in past year.
ASE Technology Falls Short Of Revenue Goals, Delivers Mixed Q1 Results
ASE Technology reported net revenue growth of 1.5% Y/Y and decline of 17.3% Q/Q. Gross margin increased and diluted EPS missed consensus. Stock up 44% in 12 months.
Intel Spinoff Mobileye Revenue Falls Amid Supply Chain Reset, CEO Optimistic About Recovery
Mobileye reported Q1 2024 revenue of $239M, beating consensus of $231.56M. Adjusted EPS missed consensus at $(0.07). FY24 outlook reiterated, stock down 31%
Check Point Software’s Products and Licenses Revenue Falls In Q1, Stock Slides
Check Point Software Technologies reported Q1 revenue of $598.80M (6% growth YoY), beating estimates. Adjusted EPS of $2.04 also beat consensus. The company's operating margin remained at 42%. Check Point stock gained 28% in the last 12 months.
Nvidia Bolsters AI Management Capabilities, Purchases Israeli Firm Run:ai for Roughly $700M
Nvidia announced acquisition of Israeli startup Run:ai for $600-700 million, expanding its AI workload management platform and R&D operations.
Not All Chipmakers Are Doing Great; STMicroelectronics Lowers Annual Outlook After Q1 Performance
STM reported 18.4% revenue decline in Q1 2024, missed consensus estimates. Margins decreased and outlook for Q2 and 2024 is lower than expected.
Oracle Targets Nashville for New Global HQ, Aiming to Enhance Healthcare Focus
Oracle relocating HQ to Nashville, TN to strengthen ties with healthcare industry. Stock up 23% in past year. Plans to invest in Japan's cloud boom.