Nvidia Shares Tumble After Reports of a Chip Delay
The A.I. chip maker’s shares fell in early trading, but the stock pared some of its losses.
Posted inBerkshire Hathaway Inc Buffett, Warren E Company Reports Stocks and Bonds United States Economy
Berkshire’s Cash Stockpile Soars as It Cuts Its Stake in Apple
The conglomerate reported nearly $277 billion in cash in the second quarter. And while it sold about 390 million shares in Apple, it still owned about 400 million.
Posted inAlphabet Inc Amazon.com Inc Artificial Intelligence Company Reports Computers and the Internet Google Inc Meta Platforms Inc Microsoft Corp Stocks and Bonds
Tech Companies to Keep Spending on A.I. Despite Worries of Slow Payoff
Big technology companies show no signs of slowing their spending on artificial intelligence, even though a payoff still looks a long way away.
Posted inArtificial Intelligence Company Reports Computer Chips Computers and the Internet Factories and Manufacturing Gelsinger, Patrick Intel Corporation Layoffs and Job Reductions NVIDIA Corporation Regulation and Deregulation of Industry Silicon Valley (Calif) Taiwan Semiconductor Manufacturing Company Ltd
Intel Will Cut More Than 15,000 Jobs
The Silicon Valley chip maker also reported a net loss and declining revenue in the latest quarter.