Jensen Huang sold $36.4 million worth of Nvidia stock over three days starting July 8, just ahead of the company briefly surpassing a $4 trillion market valuation for the first time.
Apple’s iPhone sales in China rose 8% in Q2, marking their first increase in two years, aided by promotions and trade-in deals, according to Counterpoint Research.
U.S. stocks climbed on Wednesday, with the S&P 500 setting fresh record highs after a surprise decline in private payrolls boosted expectations of Federal Reserve rate cuts.
Intel’s new CEO Lip-Bu Tan is reportedly considering ending Intel’s push to sell the expensive 18A chipmaking process to external clients, turning attention toward the more advanced 14A node.
The most recent round of layoffs at Microsoft marks the biggest staff reduction since 2023, when the tech giant fired over 10,000 people, and follows a series of smaller layoffs earlier this year.
The optimism is based on research firm Counterpoint’s findings that iPhone sales volume in the first two months of the June quarter increased by 15% year over year.
