IBM Shares Plunge 23% After Warning of a Quarterly Earnings Miss
IBM shares sank about 23% after it warned that preliminary second-quarter results fell short, as clients diverted spending toward memory and servers ahead of price increases.
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SK Hynix Files to Raise $29 Billion in Nasdaq ADR Listing
SK Hynix filed to raise about $29 billion through a Nasdaq ADR listing set for July 10, roughly double earlier estimates, to fund its AI memory expansion.
Dell Stock Pops 19% as AI Boom Offsets Memory Shortage Concerns
By
Olivia Grant
• 1 min read
Dell shares jumped 19% after the company topped fourth-quarter expectations and issued strong revenue guidance, driven by surging demand for AI servers amid a memory shortage.
Apple Supplier Pegatron Brings AI Servers to Texas With First U.S. Factory
By
Olivia Grant
• 1 min read
Taiwanese electronics manufacturer Pegatron, a supplier to Apple, is building its first U.S. factory in Texas to produce AI server products, including those using Nvidia chips.