Technology business news on AI, semiconductors, software and Big Tech, and what it means for investors.
Cisco has ended fiscal 2026 with an AI order book large enough to change how investors judge the networking company. Fourth-quarter revenue reached about $17.3 billion, up 18% from a year earlier and above the $16.7 billion to $16.9 billion range Cisco had forecast in May.
Lloyds Banking Group has given investors a clean example of the choice facing large retail banks in a higher-rate world: harvest today’s profits, or spend aggressively to make the franchise less dependent on the rate cycle. The British lender’s first-half results were strong enough to support
Samsung Electronics has delivered a powerful signal that the artificial intelligence buildout is reshaping the memory-chip cycle, but its record quarter also raises a harder question for investors: whether extraordinary pricing power can survive the industry’s next wave of capacity spending. The South Korean technology group said Thursday
Tesla’s second-quarter report gave investors the two things they have been waiting to see from the electric-vehicle maker: stronger demand for cars and more evidence that Elon Musk is moving the company toward autonomy, robotics and AI infrastructure. The problem is that those two facts did not
Samsung Electronics gave investors a reminder on Friday that the artificial-intelligence trade is no longer only about memory chips. It is also about who gets to manufacture the custom silicon that the largest AI developers may need as compute costs keep rising. South Korean shares staged a sharp rebound
KKR has turned the market’s concern about power-hungry artificial intelligence into a pair of large renewable-infrastructure bets, agreeing to buy EDF power solutions’ North American operations for about $4.2 billion while separately launching a 2 trillion won, or roughly $1.3 billion, renewable-energy platform with
The May trade report delivered a clean warning to investors who have been treating the U.S. economy as a simple story of resilient consumers and accelerating artificial-intelligence investment. The spending is real, but so is the leakage. The U.S. goods trade deficit widened to $105.8 billion
Getty Images’ new display agreement with OpenAI is a small announcement with a larger market question behind it: whether the owners of professional content can turn artificial intelligence from a threat to licensing revenue into a new distribution channel. Getty said late Sunday that it had signed a multi-year
President Donald Trump’s claim that Apple has agreed to work with Intel to design and manufacture chips in the United States has turned Intel’s foundry ambitions from a long-running turnaround story into a more immediate market test. Intel shares jumped after the June 18 Truth Social post,
Accenture’s $4.18 billion push into industrial cybersecurity is a reminder that the artificial-intelligence boom is not lifting every technology services business in the same way. The consulting giant is buying growth in one of the more urgent corners of enterprise security at the same time investors are
SFR’s proposed sale to its three main French rivals is more than a domestic telecom transaction. It is a direct test of whether Europe is finally prepared to let operators consolidate in markets where years of price competition, heavy capital spending and rising data demand have strained returns. Bouygues
SpaceX is moving toward a public-market debut so large that it is less a routine listing than a stress test for the growth-stock complex. The company is aiming to raise up to $75 billion in an initial public offering expected next week, according to Reuters, in a deal
