While the slowdown witnessed in the semiconductor industry late last year and the first half of this year seems to have finally eased, thanks to demand recover, unfavorable macroeconomic backdrop and China-related headwinds continue to be major show spoilers.
A pricing war between Advanced Micro Devices (NASDAQ: AMD) and Intel Corp (NASDAQ: INTC) in the processor market is also not helping the stocks as both end up denting their margins. AMD may currently be riding high on its partnership with Microsoft (NASDAQ: MSFT) but it’s high time the chip-maker starts formulating a growth plan beyond this deal.
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Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million
With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard