Oracle spending ‘billions’ on Nvidia chips this year – Ellison
By Stephen Nellis MENLO PARK, California (Reuters) – Oracle Corp is spending “billions” of dollars on chips from Nvidia Corp…
Technology
Microsoft CEO says exclusive Activision games make ‘no strategic sense’
By Greg Bensinger and Diane Bartz SAN FRANCISCO/WASHINGTON (Reuters) -The leaders of Microsoft and Activision Blizzard on Wednesday sought to…
Chipmaker Micron beats on demand from booming AI, easing glut
By Akash Sriram (Reuters) -Micron Technology beat estimates for third-quarter results on Wednesday, powered by demand for its memory chips…
BlackBerry reports surprise profit on cybersecurity strength
(Reuters) – BlackBerry posted a surprise profit for the first quarter on Wednesday as its cybersecurity business benefited from higher…
Virgin Galactic set to launch its first commercial rocket plane spaceflight
By Jose Luis Gonzalez and Steve Gorman TRUTH OR CONSEQUENCES, New Mexico (Reuters) – A three-man crew from Italy is…
Marketmind: Cold reality of ‘higher for longer’ sets in
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist….
Nvidia sees permanent loss of opportunities from China export curbs
(Reuters) -Nvidia’s financial chief said restrictions on exports of artificial intelligence chips to China “would result in a permanent loss…
Apple stock hits record, on cusp of $3 trillion market value
By Akash Sriram and Noel Randewich (Reuters) -Apple’s stock climbed to a record high close on Wednesday and was on…
South Korea’s services companies most optimistic in nine months
SEOUL (Reuters) – Confidence among South Korea’s services sector firms has continued to improve, with their outlook for July the…
Chip stocks drop as U.S. mulls fresh curbs on AI access to China
By Medha Singh (Reuters) – Shares of U.S. chipmakers fell on Wednesday following reports that the Biden administration was planning…