Company Spotlight

Taiwan Semiconductor Manufacturing Company said on Friday that it is planning to sell up to 152 million shares in Vanguard International Semiconductor through a block trade to institutional investors. The company said the divestment is aimed at sharpening focus on its core operations while maintaining strategic cooperation with VIS in areas including interposer production and… Continue reading TSMC reduces VIS ownership after announcing massive share sale

Applied Materials stock price has been in a strong bull run and is trading near its record high. AMAT was trading at $431, a few points lower than the record high of $447. It has soared by 156% in the last 12 months and 275% in the last five years.  Analysts are upbeat about AMAT… Continue reading AMAT stock on edge ahead of earnings: what’s next for Applied Materials?

Intel stock price has soared recently and is now hovering at its all-time high, helped by several important announcements. This surge will be put to the test on April 23 when the company publishes its financial results. It was trading at $68.50, a few points below the record high of $70. Why Intel stock has… Continue reading Intel stock price rally faces a major test on April 23

Intel said it will spend $14.2 billion to buy back the 49% stake it previously sold to Apollo Global Management in its Ireland manufacturing facility, marking a significant step in its turnaround strategy as demand for artificial intelligence infrastructure gathers pace. The transaction will restore full ownership of the Leixlip-based plant to Intel, underscoring its… Continue reading Intel stock jumps 6% on $14.2B deal to buy back Ireland plant stake

Shares of International Business Machines suffered their steepest daily decline in more than 25 years on Monday, after comments from AI startup Anthropic reignited investor anxiety about the future of legacy software businesses. IBM stock sank 13.2%, marking its biggest one-day drop since October 18, 2000, and wiping tens of billions of dollars off the… Continue reading IBM falls most in 25 years on AI threat fears: Analysts say it’s a buy

The White House has introduced a new Tech Corps within the Peace Corps as President Trump moves to strengthen American influence in global artificial intelligence markets. The initiative links US technology exports with one of Washington’s most established soft power institutions. It comes as competition with China over advanced technologies intensifies, particularly in developing economies… Continue reading Trump unveils Tech Corps to drive US AI dominance overseas

“Mark my words: in 36 months, probably closer to 30 months, the most economically compelling place to put AI will be space.” Elon Musk said that on a podcast last week. He meant it literally. His $1.25 trillion plan to fold xAI into SpaceX rests on a single audacious claim: that fleets of solar-powered satellites,… Continue reading AI moves to space in 30 months, claims Musk, but what does physics say?

For over a year, Big Tech quietly absorbed one of the most disruptive cost pressures in recent memory: import tariffs that snaked through every layer of its supply chain. On Friday, the US Supreme Court pulled the plug. In a 6-3 ruling, Chief Justice John Roberts declared that President Trump’s sweeping tariffs, imposed using emergency… Continue reading Trump’s tariffs are gone: is a tech-led breakout now in play?

Intuit stock price remains in a freefall this month and is now hovering at its lowest level since March 2023. INTU was trading at $380, down by over 52% from its highest point in July last year. This retreat has pushed its market capitalization from over $224 billion to $109 billion. So, will the stock… Continue reading Intuit stock crash raises stakes ahead of earnings report