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CNA Economy Full text
Apple cuts employee AI budgets in cost-control push, Bloomberg News reports
Nov 4 : Apple has reduced employee budgets for AI usage as part of a broader effort to rein in costs, even as it seeks to expand the use of AI across its operations, Bloomberg News reported on Wednesday, citing people familiar with the…
CNA Economy Full text
AMD shares jump as AI-driven data-center strength fuels growth outlook
Nov 4 : Advanced Micro Devices rose 3 per cent in early trading after the US chipmaker forecast faster growth through 2027, reassuring investors that demand for AI infrastructure remains strong.The company's strong outlook highlighted…
CNA Economy Full text
AMD's OpenAI, Meta chip deals trigger $1 billion quarterly charge
SAN FRANCISCO, Nov 3 : Advanced Micro Devices' strategy of offering stakes in its future success to major AI customers OpenAI and Meta Platforms in exchange for big chip commitments is beginning to leave a sizeable imprint on its…
CNA Economy Full text
Exclusive-Japan fund JIC plans to sell JSR to Mitsui Chemicals, sources say
TOKYO, Nov 4 : Japan Investment Corp (JIC), a state-backed fund, plans to sell chipmaking materials maker JSR to Mitsui Chemicals in a deal that could exceed 1.3 trillion yen ($8.20 billion), two people familiar with the matter said.A…
CNA Economy Full text
Skyworks tumbles as sluggish smartphone market weighs on forecast
Nov 3 : Skyworks Solutions forecast first-quarter revenue and profit below Wall Street expectations on Tuesday, signaling persistent weakness in its core smartphone business.Shares of the chipmaker slumped more than 14 per cent in extended…
CNA Economy Full text
Commentary: When stock analysts move markets, should retail investors follow?
Retail investors should be cautious about buying or selling shares simply because they read in the news that an analyst has changed a recommendation, says NTU finance professor Roger Loh.
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