tech shares

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    Samsung share price hits a new record

    Samsung share price hits a new record Samsung Electronics shares jumped to a fresh record high Thursday, after local media reported that the firm is negotiating a price for its latest artificial intelligence memory chip that’s up to 30% higher than the previous generation. The chipmaker’s...
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    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...
  4. Hanno Labuschagne

    Tesla share surge wipes out short-seller 2024 profits

    Tesla share surge wipes out short-seller 2024 profits Tesla Inc.’s blowout earnings caught everyone off guard. But it was the bears who paid the price this week. The electric-vehicle maker’s results delivered a gut-punch to short-sellers — investors who make money by betting that a security...
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    Nvidia sheds fifth of value in two weeks

    Nvidia sheds fifth of value in two weeks Nvidia Corp. wiped out about $406 billion (R7.25 trillion) in value this week, weighing on key equity benchmarks as jitters spread over the health of the US economy and an AI trade that may have gotten ahead of itself. The world’s largest artificial...
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    Amazon share price hits record

    Amazon share price hits record Amazon.com Inc. joined fellow technology behemoths Meta Platforms Inc., Microsoft Corp., and Nvidia Corp. in setting a fresh record as the e-commerce and cloud computing giant’s shares extended gains. The stock rose 1.7% to close at $189.05 (R3,543) on Thursday...
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    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...
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    • antitrust apple big tech digital markets act (dma) european commission european union tech shares us department of justice
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    SpaceX won't list Starlink in 2024

    SpaceX won't list Starlink in 2024 SpaceX will not pursue an initial public offering of its Starlink unit this year, according to Bret Johnsen, the company’s chief financial officer. “It’d be more in the years to come,” Johnsen said Tuesday at an industry conference. The unit became profitable...
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    Nvidia stock boom reminiscent of Tesla hype

    Nvidia stock boom reminiscent of Tesla hype Nvidia Corp.’s rise is captivating the stock market and driving the S&P 500 Index to new highs. But it also raises cautionary reminders of another investor darling that soared on dreams of a technological transformation, only to tumble back to earth...
  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]
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    Mozilla retrenching 60 workers

    Mozilla retrenching 60 workers Mozilla Corp., the maker of web browser Firefox, is cutting about 60 jobs as part of a shake-up under a new chief executive officer. Mozilla said that the move affects about 5% of its workforce and that the cuts were primarily in the product development...
  13. 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...
  14. 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...
  15. Hanno Labuschagne

    Snap share price plummets after disappointing holiday revenue

    Snap share price plummets after disappointing holiday revenue Snap Inc. plunged more than 30% in late trading after posting disappointing revenue in the holiday quarter, a sign the owner of the Snapchat app is still reeling from a slump in its digital advertising business. Fourth-quarter...
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    Reddit advised to list at $5-billion valuation

    Reddit advised to list at $5-billion valuation Reddit Inc. is weighing feedback from early meetings with potential investors in its initial public offering that it should consider a valuation of at least $5 billion (R94 billion), according to people familiar with the matter, even as it is...
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    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...
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    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...
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    • adobe amazon amd apple artificial intelligence (ai) big tech google meta platforms microsoft netflix nvidia samsung tech companies tech shares tesla
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    • Forum: Broadband and IT News
  19. 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...
  20. Hanno Labuschagne

    Nvidia shares skyrocket to record-high close after chip upgrade announcement

    Nvidia shares skyrocket to record-high close after chip upgrade announcement Nvidia Corp. shares rose 2.1% Tuesday to close at a record high and notch its 10th consecutive session of gains, matching its longest-ever streak of advances. An update to its artificial intelligence (AI) processors...
  21. Hanno Labuschagne

    Tesla shares shed almost fifth of value in two weeks

    Tesla shares shed almost fifth of value in two weeks Tesla Inc. shares are set to wipe out nearly one-fifth of their value in less than two weeks amid growing concerns that demand for electric cars is starting to weaken. The selloff started earlier this month when the electric-vehicle giant...
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