big tech

  1. Hanno Labuschagne

    Tim Cook stepping down as Apple CEO

    Tim Cook stepping down as Apple CEO Apple chief executive officer Tim Cook will hand the reins to hardware boss John Ternus later this year, capping a 15-year tenure that turned the company into a $4 trillion business spanning watches, video streaming and financial services. Ternus will become...
  3. Hanno Labuschagne

    South Africa not on board with US demand for permanent ban on tariffs for online services

    South Africa not on board with US demand for permanent ban on tariffs for online services The US is pushing to make permanent an international ban on tariffs on ecommerce, setting the stage for a debate on America’s global dominance of digital services and data flows at the World Trade...
  4. Hanno Labuschagne

    Tesla board approves $30-billion stock award for Elon if he stays CEO until 2027

    Tesla board approves $30-billion stock award for Elon if he stays CEO until 2027 Tesla Inc. approved an interim stock award worth about $30 billion (R538 billion) for chief executive officer Elon Musk, a massive payout meant to keep the billionaire’s attention on the automaker as a legal fight...
  5. Hanno Labuschagne

    Netflix's share price strong as Big Tech struggles with tariff turmoil

    Netflix's share price strong as Big Tech struggles with tariff turmoil Audiences worldwide turn to Netflix for escapism. Wall Street is doing the same. The video streaming giant is seen as well positioned to weather the turmoil roiling financial markets, given the limited direct impact from...
  6. Hanno Labuschagne

    Tesla back in trillion-dollar club after Trump win

    Tesla back in trillion-dollar club after Trump win A breakneck rally in Tesla Inc. shares on Friday catapulted the electric vehicle maker’s market value back over the coveted trillion-dollar mark, as investors bet that Donald Trump’s return to the White House can be a positive force for Elon...
  7. Hanno Labuschagne

    Nvidia's run as world's most valuable company ends after 2 days

    Nvidia's run as world's most valuable company ends after 2 days Nvidia Corp.’s run as the world’s most valuable company didn’t last long. Shares of the semiconductor giant have fallen 6.7% in the last two days, erasing over $220 billion (R3.95 trillion) in market capitalisation and dragging...
  8. Hanno Labuschagne

    Jensen Huang's fortune leapfrogs Michael Dell's

    Jensen Huang's fortune leapfrogs Michael Dell's Nvidia Corp.’s Jensen Huang has steadily climbed the ranks of the world’s wealthiest as the market value of his computer-chip maker touches $3 trillion. Huang hit another milestone on Friday, passing personal computer pioneer Michael Dell to...
  9. Hanno Labuschagne

    Apple's market value continues drop after US DOJ announces antitrust lawsuit

    Apple's market value continues drop after US DOJ announces antitrust lawsuit Regulators on both sides of the Atlantic are training their eyes on Apple Inc., unnerving investors with fears over fines and threatening its market dominance. In the US, the Justice Department and 16 attorneys...
    • Hanno Labuschagne
    • Thread
    • antitrust apple big tech digital markets act (dma) european commission european union tech shares us department of justice
    • Replies: 20
    • Forum: Broadband and IT News
  10. Hanno Labuschagne

    AMD closes at new record market cap

    AMD closes at new record market cap Advanced Micro Devices Inc. shares jumped Thursday, with the chipmaker extending a surge to hit its latest in a series of fresh records this year. The stock rose 9.1%, a climb that resulted in the company’s market capitalisation closing above $300 billion...
  11. Hanno Labuschagne

    Nvidia jumps past Amazon and Alphabet in market value

    Nvidia jumps past Amazon and Alphabet in market value There seems to be no stopping Nvidia Corp.’s scorching rally. The day after surpassing the market value of Amazon.com Inc., the chip giant has now overtaken Alphabet Inc. as well. [Bloomberg]
  12. Hanno Labuschagne

    Nvidia market cap briefly passed Amazon's

    Nvidia market cap briefly passed Amazon's Nvidia Corp. briefly overtook Amazon.com Inc. in market value on Monday, the latest milestone in a stunning rally over the past year fueled by soaring demand for its chips used in artificial intelligence computing. Nvidia rose almost 0.2%, closing with...
  13. Hanno Labuschagne

    Jeff Bezos sells R38.07 billion in Amazon stock

    Jeff Bezos sells R38.07 billion in Amazon stock Jeff Bezos unloaded 12 million shares of Amazon.com Inc. this week, the first time the billionaire has sold the company’s stock since 2021. The sales took place on Wednesday and Thursday and netted just over $2 billion (R38.07 billion), according...
  14. Hanno Labuschagne

    Microsoft hits $3-trillion value

    Microsoft hits $3-trillion value Microsoft Corp. briefly achieved a historic $3 trillion market valuation on Wednesday, in the latest example of how optimism over artificial intelligence has fueled a seemingly unstoppable advance in the software giant. The stock rose as much as 1.7% to...
  15. Hanno Labuschagne

    Big Tech share prices hammered at start of 2024

    Big Tech share prices hammered at start of 2024 The largest technology stocks that lifted the broader market last year are having a less-rosy start to 2024. The so-called Magnificent Seven, which includes Apple Inc., Amazon.com Inc., Alphabet Inc., Microsoft Corp., Meta Platforms Inc., Tesla...
  16. Hanno Labuschagne

    What R1,000 in biggest tech shares bought at start of 2023 would be worth now

    What R1,000 in biggest tech shares bought at start of 2023 would be worth now This year has been great for tech stock investors, with the share prices of companies like Nvidia, Meta Platforms, Tesla, and AMD all increasing by more than 100% between 3 January and 26 December 2023. MyBroadband...
    • Hanno Labuschagne
    • Thread
    • adobe amazon amd apple artificial intelligence (ai) big tech google meta platforms microsoft netflix nvidia samsung tech companies tech shares tesla
    • Replies: 2
    • Forum: Broadband and IT News
  17. Hanno Labuschagne

    Apple share price closes at new record

    Apple share price closes at new record Apple Inc. shares closed at a record high on Wednesday amid a broad rally in technology stocks spurred on by bets that the Federal Reserve will soon begin cutting interest rates as inflation slows. The iPhone maker’s shares climbed 1.7% to $197.96...
  18. Hanno Labuschagne

    OpenAI selling employees' shares for $86 billion

    OpenAI selling employees' shares for $86 billion OpenAI is in talks to sell existing employees’ shares at an $86-billion (R1.64 trillion) valuation, according to people with knowledge of the matter. The artificial intelligence startup behind ChatGPT is negotiating the transaction, known as a...
  19. Hanno Labuschagne

    Tim Cook offloads $41 million's Apple shares

    Tim Cook offloads $41 million's Apple shares Apple Inc. chief executive officer Tim Cook sold stock worth about $41 million (R791.51 million) after taxes in his biggest sale in more than two years as the shares of the iPhone maker slide off recent highs. Cook sold about 241,000 shares...
  20. Hanno Labuschagne

    Even Wall Street's best estimates could not predict Microsoft's 2023 surge

    Even Wall Street's best estimates could not predict Microsoft's 2023 surge Microsoft Corp. is one of the most-loved stocks on Wall Street, but even the wildly positive views surrounding the software giant haven’t been able to keep up with a rally that has already topped 50% this year. On...
  21. Hanno Labuschagne

    Apple hits $3-trillion market value

    Apple hits $3-trillion market value Apple Inc. made Wall Street history as the first company with a market value over $3 trillion (R56.51 trillion), the latest sign of big tech’s seemingly unstoppable dominance in equity markets. The iPhone maker gained 2.3% on Friday, adding to a rally that’s...
Back
Top
Sign up to the MyBroadband newsletter
X