chip shortage Archives

Business

Marvell to Acquire Lumentum in $115 B Deal to Form AI Connectivity Leader

By Norman Pearlstine

Marvell Technology announced a $115 billion all‑stock acquisition of Lumentum, creating a combined powerhouse for AI connectivity and marking the largest merger of two public firms.

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North Korea Rejects Claims It Led $6.3 Billion Binance Hack

By Mitchell Landsberg

North Korean officials denied U.S. accusations that the state-backed group TraderTraitor was behind the record $6.3 billion Binance breach, while the exchange works to recover stolen assets.

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Apple shares slip 3% after weak margin outlook in Ternus’ first earnings report

By Helene Elliott

Apple posted revenue above estimates but missed iPad forecasts and warned of lower gross margins, sending the stock down 3% in after‑hours trading.

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Alphabet’s AI Capex Surge Highlights Nvidia and Vertiv as Top Data Center Picks

By Norman Pearlstine

Alphabet's third‑quarter capital outlay topped $51 billion as it expands AI infrastructure, prompting analysts to recommend Nvidia and Vertiv as long‑term data‑center stocks.

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Oil prices tumble as US and Iran explore diplomatic paths

By Mitchell Landsberg

Brent and WTI futures slid sharply on Monday after reports that the United States and Iran are seeking diplomatic solutions to the Middle East conflict.

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Science

Marvell to Acquire Lumentum in $115 B Deal to Form AI Connectivity Leader

By Norman Pearlstine

Marvell Technology announced a $115 billion all‑stock acquisition of Lumentum, creating a combined powerhouse for AI connectivity and marking the largest merger of two public firms.

Comments closed

North Korea Rejects Claims It Led $6.3 Billion Binance Hack

By Mitchell Landsberg

North Korean officials denied U.S. accusations that the state-backed group TraderTraitor was behind the record $6.3 billion Binance breach, while the exchange works to recover stolen assets.

Comments closed

Apple shares slip 3% after weak margin outlook in Ternus’ first earnings report

By Helene Elliott

Apple posted revenue above estimates but missed iPad forecasts and warned of lower gross margins, sending the stock down 3% in after‑hours trading.

Comments closed

Alphabet’s AI Capex Surge Highlights Nvidia and Vertiv as Top Data Center Picks

By Norman Pearlstine

Alphabet's third‑quarter capital outlay topped $51 billion as it expands AI infrastructure, prompting analysts to recommend Nvidia and Vertiv as long‑term data‑center stocks.

Comments closed

Oil prices tumble as US and Iran explore diplomatic paths

By Mitchell Landsberg

Brent and WTI futures slid sharply on Monday after reports that the United States and Iran are seeking diplomatic solutions to the Middle East conflict.

Comments closed