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Apple reported excellent fiscal second-quarter results on Thursday, boding well for several technology stocks with exposure to the “Magnificent Seven” name, according to two shops on the Street. In a pair of analyst notes, Stifel and KeyBanc said that semiconductor stocks Cirrus Logic , Qorvo and Ceva and wireless networking services provider Skyworks Solutions are likely to benefit from the iPhone maker’s growth in the latest period. The company’s growth has been partially fueled by robust demand for its iPhones, which is especially likely to boost the group of pick-and-shovel plays, according to Stifel. “CRUS sees incremental upside from overall…
Versant Media shares spike on rumored SportsEngine sale to PlayMetrics Source link
A little over a year ago, MG was leading the relatively normal life of a twentysomething in Scottsdale, Arizona. She worked as a personal assistant and supplemented her income by waiting tables on the weekends. Like most women her age, she had an Instagram account, where she’d occasionally post Stories and photos of herself getting matcha and hanging out by the pool with her friends, or going to Pilates. “I never really cared to pop off and become popular on social media,” says MG (who is cited only as MG in the lawsuit to protect her identity). “I just used…
U.S. Commerce Secretary Howard Lutnick testifies during Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies hearing on fiscal year 2027 budget requests on Capitol Hill in Washington, DC, on April 22, 2026. Saul Loeb | AFP | Getty ImagesSen. Chris Coons, D-Del., pressed Commerce Secretary Howard Lutnick about allowing Nvidia’s H200 chips for artificial intelligence to be sold to China in a letter first reported by CNBC. The letter follows Coons questioning Lutnick at a Senate Appropriations subcommittee hearing last week. Lutnick said it was his understanding the U.S. had not sold any H200 to Chinese companies. “We…
A rendering of Smoothie King’s new store designSource: Smoothie KingFrom the rise of GLP-1 drugs to backlash against artificial ingredients, current wellness trends are fueling growth for Smoothie King.”There are significant industry tailwinds behind what we’re doing,” said Gavin Felder, the chain’s president and CFO. “What we’ve learned is people are a lot more conscious about what choices they’re making. A lot of people are focusing on protein now and on fiber and all those good things.”Founded more than 50 years ago, the privately held chain takes credit for inventing the word “smoothie” and popularizing the health drinks. CEO Wan…
Perella Weinberg shares drop 15% on weak quarterly results Source link
This report is from this week’s The Tech Download newsletter. Like what you see? You can subscribe here.After a month or so in the doldrums as investors rode a wave of anxiety about the AI buildout, chip stocks have hit a real purple patch again in April.In March, Nasdaq’s PHLX Semiconductor Sector Index — comprising the 30 largest U.S.-traded chip companies — saw a 6.3% decrease. Last month, the narrative reversed, with the index soaring 35.2% since the start of April as of market close Wednesday as investors ploughed into the sector. Intel has been one of the standouts. The company had…
The party accuses the Labour government of watering down its promises on workers’ rights. Source link
Google CEO Sundar Pichai attends the AI Impact Summit in New Delhi, India, Friday, Feb. 20, 2026.APQuietly, shares of Google-parent Alphabet are on the verge of topping $5 trillion, and overtaking AI-leader Nvidia as the world’s most valuable company. And according to options prices, it may happen sooner rather than later.The breakout in shares of Alphabet after a 10% surge on Thursday brings the company’s 1-year gain to 140% and a market capitalization over $4.6 trillion. The company reported revenue Wednesday that beat analyst estimates and Google Cloud revenue that surpassed $20 billion.Zoom In IconArrows pointing outwardsAt the same time,…
Defense Department CTO Emil Michael on Friday said Anthropic is still a supply chain risk, but that Mythos, the company’s artificial intelligence model with advanced cyber capabilities, is a “separate national security moment.””I think the Mythos issue that’s being dealt with government wide, not just at Department War, is a separate national security moment where we have to make sure that our networks our hardened up, because that model has capabilities that are particular to finding cyber vulnerabilities and patching them,” Michael told CNBC’s “Squawk Box” on Friday.Michael’s comments come after a heated clash between the DOD and Anthropic spilled into…