tech shares

  1. 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...
  3. Hanno Labuschagne

    Arm's blockbuster IPO sends shares surging

    Arm's blockbuster IPO sends shares surging Arm Holdings Plc climbed 25% in its trading debut after raising $4.87 billion in the year’s biggest initial public offering, delivering a boost for both equity markets and SoftBank Group Corp. founder Masayoshi Son. Shares of the chip designer, still...
  4. Hanno Labuschagne

    Nvidia's Jensen Huang now worth R853 billion (not including his leather jackets)

    Nvidia's Jensen Huang now worth R853 billion (not including his leather jackets) Nvidia Corp.’s chief executive officer Jensen Huang grew as much as $4.2 billion (R77.7 billion) richer after the company’s latest earnings and forecast beat estimates. The shares surged as much as 10% in...
  5. Hanno Labuschagne

    Nvidia shares jump ahead of expected positive results

    Nvidia shares jump ahead of expected positive results Nvidia Corp. shares soared on Monday as more analysts raised their price targets on the stock, a sign of growing optimism about the chipmaker’s highly anticipated results later this week. The average price target for the stock has been...
  6. 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...
  7. 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...
  8. 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]
  9. 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...
  10. 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...
  11. Hanno Labuschagne

    GameStop share price hammered after CEO gets fired

    GameStop share price hammered after CEO gets fired GameStop Corp., the struggling video-game retailer, fired Matt Furlong, its chief executive officer for the past two years, and said chairman Ryan Cohen will take on a new executive role. The shares plunged more than 20%. [Bloomberg]
  12. 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...
  13. Hanno Labuschagne

    Nvidia's AI chip sales forecast sends shares surging

    Nvidia's AI chip sales forecast sends shares surging Nvidia Corp. results showing that customers are binging on chips used in artificial intelligence computing sent stocks tied to the burgeoning technology soaring globally. Nvidia gained as much as 29% in late New York trading, while its rival...
  14. Hanno Labuschagne

    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...
  15. Hanno Labuschagne

    Wall Street is happy about Netflix's password crackdown

    Wall Street is happy about Netflix's password crackdown In 2017, Netflix Inc. tweeted that “love is sharing a password.” In 2023, Wall Street loves that the company has changed its tune. The video-streaming giant is cracking down on the ability of its users to share subscriptions across...
  16. Hanno Labuschagne

    Tencent rally up against earnings test

    Tencent rally up against earnings test Tencent Holdings Ltd.’s successful foray into short videos and a softening regulatory backdrop have fueled a $160 billion (R2.97 trillion) rally since October, the next leg of which will hinge on a crucial earnings release this week. Shares of the gaming...
  17. Hanno Labuschagne

    Alphabet and Microsoft had best share price surges in years

    Alphabet and Microsoft had best share price surges in years A miserable week for US banks has been a boon for the shares of the nation’s biggest technology companies as traders flock toward their cash-rich balance sheets amid concerns about contagion in the financial sector. More than $560...
  18. 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...
  19. Hanno Labuschagne

    Tencent share price nearly doubled from October low

    Tencent share price nearly doubled from October low Shares of Tencent Holdings Ltd. have nearly doubled from a recent low on growing signs that China is preparing to end its crackdown on major tech firms as well as optimism about the country’s reopening. The online giant’s stock has risen 96%...
  20. Hanno Labuschagne

    Amazon and Nvidia lead tech share rally

    Amazon and Nvidia lead tech share rally The market is regaining its appetite for risk after a bitter 2022 as traders increasingly snap up some of last year’s biggest losers, particularly beaten down tech stocks. Amazon.com Inc. and Nvidia Corp. are among the biggest contributors to the Nasdaq...
  21. 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.
Back
Top
Sign up to the MyBroadband newsletter
X