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The Latest Breaking News from Nvidia

Why have the big seven tech companies been hit by AI boom doubts?

Their shares have fallen 11.8% from last month’s peak but more AI breakthroughs may reassure investors

The Guardian - UK

AI bubble pops: Tech stocks plummet with another potential 25% drop, analysts warn

Though AI companies were once stock market darlings, investors are starting to lose patience.

Fortune

Antitrust Investigation Launched Against Nvidia In Chipmaking Industry

Antitrust tensions escalate as Nvidia faces accusations of market dominance abuse and anti-competitive practices in the chipmaking industry.

Top News

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Nvidia is facing an antitrust probe from US regulators amid competitor complaints, report says

Antitrust tensions are heating up in the chipmaking industry

The Independent UK

NZXT will now rent you a gaming PC — here's what it really costs

Gaming PC NZXT builder has a new PC subscription service that allows players to rent a gaming rig for a monthly fee. Does it actually make financial sense?

Tom’s Guide

Is Pure Storage a Solid Bet in Data Solutions?

Pure Storage (PSTG) reported strong financial results in the last reported quarter. PSTG’s diverse portfolio, innovative data storage solutions, and strategic investments are key drivers of the company’s growth. So, should you buy this stock post its earnings release? Read more to find out.

StockNews.com

Intel's stock drops 30% overnight —company sheds $39 billion in market cap

Intel capitalization drops by $39 billion overnight due to modest business outlook and a massive layoffs plan.

Tom’s Hardware

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Nvidia: Tech stocks take a pounding as hedge fund Elliott warns AI is in ‘bubble land’

Intel suffers its single biggest one-day drop in decades, as sentiment sours amid overextended valuations and a darkening economic outlook.

Fortune

Do Wall Street Analysts Like NVIDIA Stock?

Chip giant NVIDIA has outperformed the broader market over the past year, and Wall Street analysts remain optimistic about the stock's prospects.

Barchart

Intel Shares Plunge 18% As It Plans Layoffs, Halts Dividends After Missing Q2 Estimates

Intel will deploy over a $10 billion cost-cutting plan to strengthen its balance sheet and accelerate plans for AI chips and the foundry business.

International Business Times UK

Broken CPUs, workforce cuts, cancelled dividends and a decade of borked silicon—how has it all gone so wrong for Intel?

Intel can still turn the ship around, but time is running out.

PC Gamer

Intel CPU crashes: what you need to know—Intel explains the root cause and plans a final microcode fix for 13th and 14th Gen CPUs

A fix is here, but only for fresh Intel CPUs that aren't already affected.

PC Gamer

US Markets Fall Amid Weaker Jobs Report And Tech Earnings

US markets decline on weak jobs report, impacting Big Tech companies. Investors turn to bonds for safety amidst recession concerns.

Top News

Intel To Cut 15% Of Staff In B Cost Reduction

Intel's strategic cost-cutting measures, job reductions, and pivot towards manufacturing competitors' processors to stay competitive in the chip market.

International Business Times

Intel Says It Will Slash Workforce To Cut Costs

US chip maker Intel said Thursday it will slash more than 15 percent of its workforce as it streamlines operations.

PC Gamer

Intel is laying off 15,000 people: 'We are making some of the most consequential changes in our company's history'

Announces revenue of $12.8 billion for the quarter with operating income of zilch.

Windows Central

"This is painful news for me to share. I know it will be even more difficult for you to read," Intel gears up for 15,000 layoffs in devastating cost cut

Announced today, Intel is laying off 15,000 staff as part of a massive $10 billion cost cutting program described as the "most consequential changes in Intel's history."

The Independent UK

Intel to cut more than 15% of workforce as it cuts costs to try to turn chip business around

Chipmaker Intel Corp. is cutting 15% of its massive workforce as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD

Barchart

Stocks Retreat on Weak US Economic News

The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -1.37%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -1.21% and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -2.44%. US stocks on Thursday gave up an early advance and sold off sharply, with...

Tom’s Hardware

New Chinese office GPU can double as a budget 1080p gaming GPU — MTT S50 wields 2,048 MUSA cores, 8GB VRAM, 85W TGP

Moore Threads has introduced a new GPU model to its mainstream consumer lineup, the S50. It features the exact core count and memory subsystem as the S60.

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