big tech

  1. Hanno Labuschagne

    Apple share price hits new record close

    Apple share price hits new record close Apple Inc. shares ended at their first all-time high in more than a year on Monday, in the latest sign of how big tech has reclaimed its leadership mantle. Shares rose 1.6% to end the session at $183.79. [Bloomberg]
  3. Hanno Labuschagne

    Tesla shares are having an absolute blast in 2023

    Tesla shares are having an absolute blast in 2023 The clouds are finally parting for Tesla Inc. investors who stuck with the electric vehicle maker through a rough ride. A rush of good news for the company and the return of bullish market conviction have put the stock on pace to more than...
  4. Hanno Labuschagne

    Tesla share price rallies to 7-month high

    Tesla share price rallies to 7-month high Tesla Inc. shares jumped to a seven-month high Wednesday, riding on the insatiable investor appetite for mega-cap tech stocks and a string of recent positive news. The electric vehicle maker’s stock closed up 1.5% to $224.57 in New York, marking its...
  5. Hanno Labuschagne

    Apple shares jump — and then retreat — after Vision Pro announcement

    Apple shares jump — and then retreat — after Vision Pro announcement Apple Inc. closed lower Monday, reversing gains that sent shares to an all-time high earlier in the day, after investors balked at the steep price of its newly-launched Vision Pro mixed-reality headset. Shares of the iPhone...
  6. Hanno Labuschagne

    Nvidia briefly joins trillion-dollar club

    Nvidia briefly joins trillion-dollar club Nvidia Corp.’s market valuation fleetingly crossed the $1 trillion threshold on Tuesday after the chipmaker’s artificial intelligence prospects vaulted it into an elite club of just five American companies. The stock rose as much as 7.7% early in the...
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    Sergey Brin gifted $600 million in Google shares to mystery party

    Sergey Brin gifted $600 million in Google shares to mystery party Google co-founder Sergey Brin gifted Alphabet Inc. shares worth roughly $600 million (R11.4 billion) on Thursday during a week that saw his wealth grow by the most in over two years. The gift, disclosed in a filing Monday...
  8. Hanno Labuschagne

    US wants hardware and software manufacturers held responsible for cyberattacks due to vulnerabilities

    US wants hardware and software manufacturers held responsible for cyberattacks due to vulnerabilities The Biden administration is set to release an aggressive new national cybersecurity strategy on Thursday that seeks to shift the blame from companies that get hacked to software manufacturers...
  9. Hanno Labuschagne

    Microsoft returns to $2-trillion club, joining Apple

    Microsoft returns to $2-trillion club, joining Apple A rally in the shares of Microsoft Corp. has the software giant’s market value set to close above $2 trillion (R35.44 trillion) for the first time in nearly six months amid a rebound in technology stocks. Microsoft rose as much as 3.4% to...
  10. Hanno Labuschagne

    Apple shares lowest since June 2021

    Apple shares lowest since June 2021 Apple Inc. shares closed at their lowest level since June 2021 on Tuesday, amid an ongoing selloff of big-tech stocks amplified by concerns over iPhone supply in the key holiday period. The stock fell 1.4% in its third straight negative session.
  11. Hanno Labuschagne

    Tesla's ugly week worst in more than two years

    Tesla's ugly week worst in more than two years For all the stock market gyrations last week, one company’s performance stands out beyond all others: Tesla Inc. Tesla’s stock has plunged 16% over the five sessions, marking its worst week since March 2020’s Covid-stricken market selloff...
  12. Hanno Labuschagne

    Apple market cap plummets after rare analyst downgrade

    Apple market cap plummets after rare analyst downgrade Apple Inc. shares buckled after a rare analyst downgrade exacerbated another wave of selling pressure that wiped out hundreds of billions of dollars in market value from the largest US technology stocks. The iPhone maker dropped 4.9% after...
  13. Hanno Labuschagne

    Tesla surprises as closest Apple rival on stock market

    Tesla surprises as closest Apple rival on stock market In a year that has seen high-flying technology stocks with lofty valuations battered, Tesla Inc. shares have emerged as an unlikely rival to Apple Inc. Of the five biggest US companies by market value, Tesla’s shares are by far the most...
  14. Hanno Labuschagne

    These are the major tech companies trimming staff

    These are the major tech companies trimming staff With recession fears mounting — and inflation, the war in Ukraine and the lingering pandemic taking a toll — many tech companies are rethinking their staffing needs, with some of them instituting hiring freezes, rescinding offers and making...
  15. Hanno Labuschagne

    Samsung's profit slumps below expectations

    Samsung's profit slumps below expectations Samsung Electronics Co.’s quarterly profit missed estimates after cooling demand for consumer gadgets hit its chip division, spurring concerns about the outlook for Big Tech in 2022. The world’s largest producer of smartphones and displays reported a...
  16. Hanno Labuschagne

    UK considering holding Internet ad providers accountable for scams

    UK considering holding Internet ad providers accountable for scams U.K. ministers have been told they should make tech firms liable for hosting scam adverts. Media regulator Ofcom should sanction web companies that consistently host paid advertising which leads to fraud or disinformation...
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    FTC ready to break up big tech companies

    FTC ready to break up big tech companies The head of the U.S. Federal Trade Commission said he’s prepared to break up major technology platforms if necessary by undoing their past mergers as his agency investigates whether companies including Facebook Inc. are harming competition. FTC Chairman...
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