Tech stocks climbed to new highs early Wednesday, with the Nasdaq 100 briefly touching 22,329 points after the opening bell, surpassing its previous peak from February 19.
Intel (INTC) is reportedly shutting down its automotive unit and will lay off most employees in that segment, the company told staff in an internal message.
Apple has proposed App Store changes to avoid further EU penalties after a €500M fine, aiming to comply with the Digital Markets Act and ease developer restrictions outside its ecosystem.
Broadcom’s stock surged to a record high after HSBC upgraded the stock to ‘Buy’ and raised its target to $400, citing stronger ASIC project visibility and rising AI-driven demand.
Apple is negotiating with EU regulators to revise App Store rules and avoid further fines under the Digital Markets Act, following a $570 million penalty for previous noncompliance.
Financials and tech have both outpaced the market in 2025, each gaining 3.9% year-to-date, with Industrials leading the pack, boasting a nearly 8% surge.
The head-turning Wall Street analyst Dan Ives has launched his AI Revolution ETF. Take a deep dive into what his intriguing new fund can offer investors.
Accenture said that all of the company’s core services – strategy, consulting, marketing, design, technology, and operations – will now be combined into one unit dubbed ‘reinvention services.’
The company said its seven factories will span three manufacturing mega-sites and manufacture “hundreds of millions” of U.S.-made chips daily, while creating over 60,000 new U.S. jobs.
