Omar Marques | Lightrocket | Getty Images The price of ether smashed through its 2021 record on Friday after Federal Reserve Chair Jerome Powell hinted at upcoming rate cuts and investors returned to risk-on mode. The second-largest cryptocurrency surged 15% late Friday, rising as high as $4,885.00 and surpassing its November 2021 record of $4,866.01. […]
Google scores six-year Meta cloud deal worth over $10 billion
Meta CEO Mark Zuckerberg makes a keynote speech at the Meta Connect annual event at the company’s headquarters in Menlo Park, Calif., on Sept. 25, 2024. Manuel Orbegozo | Reuters Meta has agreed to spend more than $10 billion on Google cloud services, according to two people familiar with the matter. The agreement spans six […]
Microsoft guidance probably includes gutting volume discounts: analyst
Microsoft CEO Satya Nadella speaks at Axel Springer Neubau in Berlin on Oct. 17, 2023 Ben Kriemann | Getty Images Microsoft said last week that it plans to stop providing discounts on enterprise purchases of its Microsoft 365 productivity software subscriptions and other cloud applications. Since the announcement, analysts have published estimates on how much […]
Tech’s AI deals are leaving behind zombie companies, investors say
Jaque Silva | Nurphoto | Getty Images Jeff Wang got a big promotion last month. There were lots of tears, but not the happy kind. The 39-year-old was unexpectedly named interim CEO of artificial intelligence coding startup Windsurf. The company had been in discussions with OpenAI about a potential acquisition that would have resulted in […]
Intel is getting a $2 billion investment from SoftBank
Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks during the company’s annual general meeting in Tokyo, Japan, on Friday, June 27, 2025. Bloomberg | Bloomberg | Getty Images Intel and SoftBank announced on Monday that the Japanese conglomerate will make a $2 billion investment in the embattled chipmaker. SoftBank will pay […]
Trump warned by Senate Democrats to rethink chip sales to China
Nvidia CEO Jensen Huang, right, speaks alongside President Donald Trump about investing in America, at the White House in Washington, on April 30, 2025. Jim Watson | AFP | Getty Images Six Senate Democrats on Friday released an open letter asking President Donald Trump to reconsider his decision to allow tech giants Nvidia and Advanced […]
Samsung takes market share from Apple in U.S., foldable phone momentum
In 2014, Apple and Samsung were duking it out to rule the U.S. smartphone market. Samsung was selling devices with large screens, and iPhone fans were demanding a response. It took Apple some time, but the company finally released the iPhone 6, breaking with previous iterations and giving consumers a large-screen option. The iPhone won. […]
Tech IPOs Bullish, Figma, Circle roaring after ‘years of Prohibition’
Brendan Blumer, Chairman of of Bullish and Tom Farley, CEO of Bullish, Bullish a cryptocurrency exchange operator, pose with staffs during the company’s IPO at the New York Stock Exchange in New York City, U.S., August 13, 2025. NYSE The Bullish IPO this week took on added significance, perhaps because of the company name. When […]
Applied Materials shares sink on light forecast
The Applied Materials logo on Dec. 17, 2024. Nurphoto | Nurphoto | Getty Images Applied Materials shares sank more than 10% in extended trading Thursday as the semiconductor equipment company provided outlook for the current quarter that came in light. Here’s how Applied Materials did in its third-quarter earnings results versus LSEG consensus estimates: EPS: […]
Google DOJ Chrome decision has analysts valuing its top businesses
Sundar Pichai, chief executive officer of Alphabet Inc., during a visit to the Google for Startups campus in Warsaw, Poland, on Thursday, Feb. 13, 2025. The EU has established a reputation globally for its aggressive regulation of major technology companies, including the likes of Apple and Google over antitrust concerns. Photographer: Damian Lemanski/Bloomberg via Getty […]