Seagate Rides AI Wave: Stock Jumps on Strong Revenue Forecast
Seagate Technology beats Q1 estimates and forecasts strong Q2 revenue as cloud providers increase spending on AI infrastructure. Stock rises 5.5% on optimistic outlook.
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Teradyne Forecasts 27% Revenue Jump in Q4 as AI Test Demand Surges
Teradyne projects a 27% revenue increase for Q4 2025, fueled by strong AI-related semiconductor testing demand across compute, networking, and memory markets.
The Nvidia Effect: Why Quantum Stocks Tumbled
Quantum computing stocks reversed their initial gains after an announcement about new AI supercomputers. Experts suggest this drop was a market "misread" of positive partnership news.
Chegg to Cut Jobs, Restructure, and Focus on AI-Powered Skilling
Chegg is cutting 388 jobs, bringing back former CEO Dan Rosensweig, and shifting focus to AI-driven skilling as online traffic and revenue decline.
Microsoft Finalizes New Pact with OpenAI, Securing $135 Billion, 27% Stake
Microsoft and OpenAI have finalized a major new agreement, restructuring ownership, extending IP rights to 2032, and outlining new conditions for AGI verification and Azure usage.
Skyworks-Qorvo $22B Merger Creates RF Chip Powerhouse
Skyworks Solutions acquires Qorvo in a $22B deal, combining two major Apple suppliers of radio-frequency chips. Transaction expected to close in early 2027 with significant market implications.