Qualcomm sales and forecast come up light as smartphone chip sales fall 25%
Qualcomm is exposed to the slumping smartphone industry because it makes the processors at the heart of most high-end Android devices.
CNBC Technology
AMD forecast, U.S. credit downgrade drags down chip stocks
Chip stocks dipped Wednesday, after AMD reported a gloomy forecast that may have spooked investors across the sector.
Disney CEO Bob Iger wants minority partners for ESPN, but landing a deal won't be easy
Disney CEO Bob Iger has enlisted the help of two former Disney executives to figure out the best plan forward for ESPN.
Elon Musk tweets and Twitter bots drove up price of FTX-listed altcoins, research finds
Sam Bankman-Fried and his crypto hedge fund Alameda Research benefitted from the fake bot activity on Twitter, which drove up the prices of several altcoins.
Amazon opens Fresh grocery delivery to people without Prime
Amazon's perk was limited to members of its $139-a-year Prime service.
Shares of Chinese Tesla rival Xpeng fall 5% after head of autonomous driving resigns
Xinzhou Wu, vice president of autonomous driving at Xpeng, has tendered his resignation "for personal and family reasons," the company said in a statement.
iPhone maker Foxconn to invest $600 million into phone and chip project in India
Foxconn is looking to diversify its business beyond China at a time when India is trying to bring high-tech manufacturing to its shores.
Democrats press Musk on X's 'hostile stance' toward independent research of its platform
The news comes after X, formerly known as Twitter, sued a nonprofit research group that found an increase in hate speech after the billionaire's takeover.
China floats two-hour daily limit of smartphone screen time for kids
The draft rules laid out by the increasingly powerful Cyberspace Administration of China are a broader push to prevent addiction among under 18s to apps.
Cryptocurrencies fall to open August, bitcoin dips under $29,000
Investors weighed the risks of the latest DeFi hack and another federal court decision on when to treat crypto assets as securities.
AMD considers making a specific A.I. chip for China to comply with export controls
Nvidia and Intel have already created modified versions of their AI chips to ship to China to comply with export restrictions.
Pinterest expenses skyrocket during the second quarter
Sales in the company's second quarter jumped 6% year-over-year, while expenses grew 11%.
AMD reports better-than-expected results even as PC market shows continued weakness
AMD reported an 18% decline in year-over-year revenue in the second quarter and issued a sales forecast that trailed analysts' estimates.
Google reshuffles Assistant unit, lays off some staffers, to 'supercharge' products with A.I.
Google is making additional big changes in its Assistant group, prioritizing new advancements in artificial intelligence.
Amazon employees leak secret info that marketplace sellers can buy on Telegram
Third-party merchants who have been suspended by Amazon can pay for confidential data to potentially help them get their accounts back up and running.
Some crypto assets are securities, Manhattan judge says, complicating Coinbase and Ripple cases
A Manhattan federal judge said cryptocurrencies are securities regardless of whom they are offered to, contradicting a prior ruling on cryptoasset ripple.
Amazon rolls out its virtual health clinic nationwide
Amazon Clinic allows patients to connect with telemedicine providers to help receive treatment for common conditions such as acne and hair loss.
Arista Networks shares rise 20% on better-than-expected earnings
The networking company reported earnings after the bell and guided towards another strong quarter.
Uber shares drop after revenue miss, despite first operating profit
Shares of Uber fell more than 5% on Tuesday after the company reported second-quarter results that missed analysts' expectations for revenue but offered rosy guidance.
Fifty Years to help climate scientists turn research into solutions with new grants program
The program was inspired by the funding struggles of portfolio company Solugen, now valued at $2 billion, when it was getting started.
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