The semiconductor sector has witnessed promising growth, particularly following an encouraging report from contract manufacturing giant Foxconn. The company’s remarkable fourth-quarter earnings have signaled a robust trajectory for the industry, driven largely by artificial intelligence (AI) demands. This article explores the implications of Foxconn’s results and their ripple effect across various semiconductor stocks globally, highlighting
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The cybersecurity community is reeling from the unexpected loss of Amit Yoran, the former chief executive officer of Tenable, who passed away at the age of 54. His death on Friday, confirmed by the company through a press release, took many by surprise, particularly as Yoran had recently entered medical leave to confront a battle
In a notable announcement made through a recent blog post, Microsoft disclosed its ambitious plan to allocate a staggering $80 billion towards the construction of data centers capable of managing artificial intelligence (AI) workloads in fiscal year 2025. This figure highlights the company’s commitment to strengthening its foothold in the AI sector, with a significant
Recent data highlights a significant decline in sales for foreign smartphone brands in China, raising alarms for international manufacturers, particularly Apple. As reported in November 2023, shipments of foreign mobile phones plummeted to 3.04 million units, marking a staggering 47.4% drop compared to the same month last year and an even sharper 51% decrease from
As the world continues to advance rapidly due to technological innovations, CNBC is excited to open applications for the highly anticipated 2025 Disruptor 50 list. This initiative aims to spotlight the most groundbreaking venture-backed companies that harness cutting-edge technology to tackle pressing economic and consumer challenges. Slated to be the thirteenth annual compilation, the deadline
As the Chinese New Year approaches, Apple has decided to adjust its strategy in the fiercely competitive Chinese smartphone market. The company, known for its premium pricing and steadfast brand loyalty, is now offering discounts on some of its most sought-after products, including the latest iPhone 16 series. This shift in approach illustrates the increasing
The week was both tumultuous and intriguing for Tesla Inc., as the electric vehicle giant faced significant ups and downs in the stock market. After a rocky start that saw shares plummet by as much as 6% during premarket trading, the company managed to recover slightly, ending the day with a modest gain of 0.7%.
The year 2024 marked a pivotal moment for the cryptocurrency market, with Bitcoin leading the pack as one of the most lucrative investment opportunities. This surge can be attributed to a combination of new financial products like Exchange-Traded Funds (ETFs), growing investor confidence, and changing regulatory landscapes. However, the volatile nature of cryptocurrencies continued to
In recent developments, Alibaba has announced significant price reductions on its large language models (LLMs) by up to 85%. This strategic decision underscores the rising competition among China’s tech giants to establish dominance in the rapidly evolving landscape of artificial intelligence. Major players such as Tencent, Baidu, JD.com, Huawei, and Bytedance are all investing heavily
As the digital landscape evolves, so does the demand for energy, especially with the exponential growth of cloud computing and artificial intelligence (AI). Predictions from the U.S. Department of Energy project that global electricity consumption may increase by up to 75% by the year 2050. This surge is not merely a statistic; it represents the