Business & Finance
Apple CEO John Ternus warned that memory costs will continue rising beyond the December quarter, after the company issued a gross margin forecast of 45%–46% that missed Wall Street's 46.3% estimate, sending shares down nearly 4% in premarket trading.
Jay Goldberg · 2 HR AGO
Business & Finance
A bruising October for technology stocks — the Nasdaq-100 finished the month down nearly 7% — sent investors rotating into consumer staples, which surged 11.4%, as a packed week of earnings, the midterm elections, and the jobs report looms.
Sara Montes de Oca · 4 DAYS AGO
Business & Finance
Intel shares plunged 21% after the chipmaker's fourth-quarter guidance missed estimates by a wide margin, blaming a PC market slowdown and the fallout from a fatal fab explosion in Israel. Separately, Microsoft announced plans to raise $25 billion in bonds to fund its AI infrastructure buildout.
Marc Sabatini · 5 DAYS AGO
Business & Finance
Microsoft reported fiscal first-quarter revenue of $92.28 billion and Azure cloud growth of 48% year over year, but capital expenditures of $45.2 billion — well below the $50.7 billion analyst estimate — sent neocloud stocks CoreWeave and Nebius down nearly 5% in after-hours trading.
TechEchelon Staff · 6 DAYS AGO
Business & Finance
Anthropic filed for an IPO Monday that could be the largest in history, disclosing 14-fold revenue growth and its first profitable quarter — but analysts warn an underperformance could trigger a broad reset across AI valuations in both public and private markets.
TechEchelon Staff · 8 DAYS AGO
Cybersecurity
A UEFI bootkit named BlackX, attributed with medium confidence to Chinese state-sponsored group APT41, exploited the Baton Drop vulnerability to bypass Secure Boot on fully patched Windows systems in a 2026 espionage campaign targeting Central Asian diplomatic agencies.
Marc Sabatini · 9 DAYS AGO