Tag: per
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Apple raises prices of MacBooks, iPads as memory costs skyrocket
SAN FRANCISCO: Apple raised iPad and MacBook prices on Thursday (Jun 25), saying it could no longer shield customers from soaring memory and storage chip costs driven by the AI industry’s data centre buildout.The move does not affect Apple’s main cash cow, the iPhone. But it would take starting price of the N
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Global chip stocks surge as blowout Micron results reignite AI rally
SEOUL/MILAN, June 25 : Global chip stocks surged on Thursday after Micron Technology’s blockbuster results reignited the AI-driven rally, lifting tech shares from Seoul to Frankfurt as investors grew more confident about persistent demand and tightening supply.Micron, a key supplier for Nvidia’s AI chipsets
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France’s OVHcloud confirms outlook, posts higher quarterly growth on public cloud strength
June 25 : French cloud computing group OVHcloud reported organic revenue growth of 6.9 per cent in the third quarter, up from 5.1 per cent in the previous quarter, supported by its public cloud division, and also confirmed its full-year outlook. The growth was led by markets outside France, with the rest
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Hawkish BOJ policymaker calls for rate hike once every few months
KOBE, Japan, June 25 : The Bank of Japan should raise interest rates once every few months and stand ready to speed up the pace of hikes, hawkish board member Naoki Tamura said, highlighting the bank’s focus on inflationary risks from the Middle East conflict.The remarks came in the wake of the central bank’s
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Micron and Qualcomm forecasts ignite $400 billion AI chip stock rally
June 24 : Shares of chipmakers surged late on Wednesday, adding over $400 billion in market value after strong forecasts from Micron Technology and Qualcomm breathed fresh life into Wall Street’s recently waning AI stock rally.Micron surged 12 per cent in extended trade after forecasting quarterly earnings ab
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Wimbledon surprised and disappointed as players plan protest
LONDON, June 24 : Wimbledon organisers say they are ‘surprised and disappointed’ that leading players are planning to continue their prize money protest at this year’s grasscourt major.This month the All England Club announced a record year-on-year 20 per cent rise in the total prize money to £64.2 million,
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Trading Day: Tech jitters smother inflation relief
ORLANDO, Florida, June 24 : U.S. bond yields tumbled on Wednesday as oil’s slide to a four-month low eased inflation fears, although the relief wasn’t felt as much in equity markets and persistent worries over tech valuations pushed the S&P 500 and Nasdaq lower.In my column today, I look at why the dollar’s s
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Adidas edging Nike in World Cup sales boost, data show
NEW YORK, June 24 : As the World Cup brand battle heats up, sportswear giant Adidas appears to be getting a bigger boost than rival Nike, early data show.Both companies are investing heavily in the tournament, but Nike is relying on it for sales and visibility as it tries to right its ship amid years…
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Cerebras sinks 14% as full-year margin forecast disappoints
June 24 : Cerebras shares tumbled about 14 per cent before the bell on Wednesday after the chip designer warned that annual profit margins would undershoot first-quarter figures in its debut earnings following a blockbuster initial public offering.If the losses hold through the open, the stock is expected to
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Thai central bank raises economic outlook, holds rates as expected
BANGKOK, June 24 : Thailand’s central bank upgraded its economic growth forecasts on Wednesday, signalling a modest improvement in the outlook after it held interest rates steady for a second meeting.The Bank of Thailand (BOT) said it expected economic growth to come in at 2.3 per cent this year, higher than
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