Chinese President Xi Jinping and U.S. President Donald Trump. Dan Kitwoodnicholas Kamm | Afp | Getty Images China is calling out the U.S. for “discriminatory restrictions” in its use of export controls in the chip industry, after the Trump administration accused the world’s second-largest economy of violating a preliminary trade deal between the two countries. … Read more
Intel’s CEO Lip-Bu Tan speaks at the company’s Annual Manufacturing Technology Conference in San Jose, California, U.S. April 29, 2025. Laure Andrillon | Reuters When Lip-Bu Tan was named CEO of Intel a little over two months ago, he brought with him plenty of name recognition. Tan spent 12 years running Cadence Design Systems and … Read more
CoreWeave CEO Mike Intrator testifies before the Senate Committee on Commerce, Science and Transportation in Washington on May 8, 2025. Chip Somodevilla | Getty Images CoreWeave investors are having a big week. Shares of the artificial intelligence infrastructure provider rose 56% over the past five trading days, lifting the company’s market cap to over $37 … Read more
Cisco reported earnings and revenue that topped analysts’ estimates on Wednesday and issued guidance that also exceeded Wall Street’s predictions. Here’s how the company did in comparison with LSEG consensus: Earnings per share: 96 cents adjusted vs. 92 cents expected Revenue: $14.15 billion vs. $14.08 billion expected Revenue increased 11% during the quarter, which ended on April … Read more
Advanced Micro Devices reported first fiscal-quarter earnings on Tuesday that topped expectations, and provided a strong forecast for current-quarter revenue. Shares of AMD were up 4% in extended trading before receding to fall less than 1% after the company discussed the effect of AI chip export controls. Here’s how the chipmaker did versus LSEG expectations … Read more
From left, Veza founders Rob Whitcher, Tarun Thakur and Maohua Lu. Veza Tech giants like Google, Amazon, Microsoft and Nvidia have captured headlines in recent years for their massive investments in artificial intelligence startups like OpenAI and Anthropic. But when it comes to corporate investing by tech companies, cloud software vendors are getting aggressive as … Read more