Wedbush: Tech earnings season has bolstered AI revolution thesis

Intel liquidates stake in ARM, filing shows

Intel (NASDAQ: INTC) sold its entire stake in British chipmaker Arm Holdings (NASDAQ: ARM) during the second quarter of this year, according to a recent regulatory filing.

The tech giant offloaded 1.18 million shares in Arm, potentially raising approximately $146.7 million based on the average stock price between April and June.

The sale comes at a time when Intel... More

Alphabet (GOOGL) stock slides as DOJ considers Google breakup push - Bloomberg

Alphabet (NASDAQ: GOOGL) shares are down more than 1% premarket Wednesday after Bloomberg reported that the Justice Department is considering an option to potentially break up Google.

Bloomberg, citing people with knowledge of the deliberations, said it follows a landmark court ruling that found the company monopolized the online search market.

If it went ahead, it would be Washington's first move to dismantle a company for illegal monopolization since efforts to break up Microsoft two decades ago were... More

Huawei’s new AI chip set to challenge Nvidia: WSJ

Huawei Technologies is nearing the launch of a new AI chip, the Ascend 910C, challenging NVIDIA (NASDAQ: NVDA) despite U.S. sanctions, according to a report by the Wall Street Journal on Tuesday.

The publication, citing people familiar with the matter, said Chinese tech companies have been testing the chip, which Huawei is said to have told potential clients, rivals... More

BMO on Alphabet (GOOGL): 'Survey Suggests Default Search Agreements Help to Drive Search Share'

BMO Capital analyst Brian J. Pitz reiterated an Outperform rating and $222.00 price target on Alphabet (NASDAQ: GOOGL).

The analyst comments "BMO's Proprietary Internet Search Survey of 1,000 U.S. consumers suggests Google's default search setting helps it to drive search share. While 83% of consumers... More