tech shares

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    Amazon becomes first public company to lose $1-trillion value

    Amazon becomes first public company to lose $1-trillion value Amazon.com Inc. is the world’s first public company to lose a trillion dollars in market value as a combination of rising inflation, tightening monetary policies and disappointing earnings updates triggered a historic selloff in the...
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    Musk offloads at least R70 billion in Tesla shares after Twitter buyout

    Musk offloads at least R70 billion in Tesla shares after Twitter buyout Tesla Inc. Chief Executive Officer Elon Musk sold at least $3.95 billion (R70.02 billion) of the electric-vehicle maker’s shares just days after closing his buyout of Twitter Inc. Musk unloaded 19.5 million shares...
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    Amazon drops below $1 trillion market cap for first time since 2020

    Amazon drops below $1 trillion market cap for first time since 2020 Amazon.com Inc. shares fell on Tuesday, with the e-commerce and cloud-computing company closing below $1 trillion in market value for the first time since the early days of the Covid-19 pandemic more than two years ago. The...
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    Mark Zuckerberg seen as obstacle to Meta Platforms' growth

    Mark Zuckerberg seen as obstacle to Meta Platforms' growth Mark Zuckerberg built Meta Platforms Inc. into one of the biggest companies in the world, but some investors now see him as an obstacle to the stock recovering from a historic selloff. The Facebook parent has tumbled 72% this year...
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    Intel plans to shed thousands of jobs in tough computer market

    Intel plans to shed thousands of jobs due to waning chip Intel Corp. is planning a major reduction in headcount, likely numbering in the thousands, to cut costs and cope with a sputtering personal computer market, according to people with knowledge of the situation. The layoffs will be...
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    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...
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    Tesla shares take a dip after disappointing car shipments

    Tesla shares take a dip after disappointing car shipments Tesla Inc.’s shares dropped the most in four months after the carmaker blamed a disappointing deliveries report on shipment issues that increased the number of vehicles on their way to customers as the quarter ended. The maker of Model...
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    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...
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    The 2022 tech selloff is far from over

    The 2022 tech selloff is far from over The great tech selloff of 2022 is far from over as investors brace for earnings misses that may spur a more than 10% plunge in the Nasdaq 100. More than two-thirds of 914 respondents in the MLIV Pulse survey think profits of the technology companies will...
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    Investors betting against Netflix might be hurting right now

    Investors betting against Netflix might be hurting right now Investors who bet against Netflix Inc. in recent months might now be licking their wounds. Shares of the streaming giant have surged about 50% from their May low, buoyed by the promise of new features to revive growth...
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    Big Apple shares surge underlines stock market rebound

    Big Apple shares surge underlines stock market rebound For investors trying to decipher if the stock market rebound has staying power, Apple Inc. holds a clue. The world’s most valuable company has the biggest influence in the S&P 500 Index and its participation in the market-capitalization...
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    Google and Microsoft shares climb after reporting double-digit revenue growth

    Google and Microsoft shares climb after reporting double-digit revenue growth Alphabet Inc., Microsoft Corp. and Texas Instruments Inc. posted double-digit quarterly revenue growth on Tuesday and expressed optimism about the coming months, reassuring investors who had been fretting that the...
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    Samsung revenue up 21%

    Samsung revenue up 21% Samsung Electronics Co. reported a better-than-anticipated 21% jump in revenue, assuaging investors’ worst fears about the impact of weakening consumer demand and soaring materials costs on tech giants. The marginal beat offset weaker-than-expected operating profit...
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    Intel, AMD, and Nvidia shares down after forecast for weak demand

    Intel, AMD, and Nvidia shares down after forecast for weak demand Intel Corp., the largest maker of computer processors, dragged down chip industry stocks after executives said a weaker economy will affect demand and hurt financial performance. “I think on the macro side, clearly, it’s...
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    Dell shares jump most in two years

    Dell shares jump most in two years Dell Technologies Inc. surged the most in two years after reporting quarterly revenue that topped analysts estimates on strong demand for business PCs and networking services, a sign that companies have been upgrading their systems as workers return to the...
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    Biggest tech winners and losers for the year so far

    Biggest tech winners and losers for the year so far Tech stocks’ volatile start to 2022 offers a stark reminder of how harshly Wall Street is punishing the former stars of the pandemic era. Onetime stay-at-home winners like Etsy Inc., Netflix Inc. and PayPal Holdings Inc. are among the biggest...
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    Best and worst tech shares of 2022

    Best and worst tech shares of 2022 You would be hard-pressed to find an international tech stock that has performed well in 2022. Like many other listed companies, tech firms have taken a big hit on the stock market due to Russia's invasion of Ukraine in late February. The conflict has...
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    Tech stocks wrecked

    Tech stocks wrecked The hammering in technology stocks that began to spread into the broader market Wednesday is being fueled by one of the most intense bouts of selling by professional speculators since the financial crisis. Hedge funds, which spent December unloading high-growth...
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    Reddit planning to go public

    Reddit planning to go public Reddit Inc., the social media platform that helped fuel this year’s meme stock frenzy, said it has confidentially filed for an initial public offering. The San Francisco-based company said Wednesday in a statement that the number of shares and proposed price range...
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