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Snap Expands Beyond Ads With AR Spectacles And AI Chat Experiences
Simply Wall St.136d agoneutral
Snap Expands Beyond Ads With AR Spectacles And AI Chat Experiences

Snap (NYSE:SNAP) has entered a multi-year partnership with Qualcomm to power its Spectacles AR eyewear with on-device AI and updated hardware. The company is also working with Experian to bring AI-supported financial education tools into Snapchat via Sponsored Snaps within the chat experience. For Snap, best known for the Snapchat app and its camera tools, these moves extend the business beyond its core advertising and messaging services. The Qualcomm partnership aligns Spectacles with chip...

AI Mania Makes Old-School Industrials Behave Like Chip Stocks
Bloomberg136d agoneutral
AI Mania Makes Old-School Industrials Behave Like Chip Stocks

(Bloomberg) -- Optimism surrounding the potential for industrial companies to profit from the artificial intelligence boom has fueled record-setting momentum in the sector. Now worries are mounting that the group’s link to AI may be getting too tight.Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyIran Says It’s Deployed Mini Subs in Contest to Control HormuzEpstein's Black Card: How He Moved Wome

Intel and Other Chip Stocks Drop After Hitting Records
Barrons.com136d agoneutral
Intel and Other Chip Stocks Drop After Hitting Records

Intel and other semiconductor companies were falling back on Tuesday morning after a Monday rally that sent multiple chip stocks to all-time highs. Intel was down 3% in premarket trading after having more than doubled in the past month through Monday’s close. Demand for artificial-intelligence infrastructure has boosted chip stocks across the board.

Tech Stocks Fall as Chip Rally Halts. Nasdaq Drops From Record High.
Barrons.com136d agobearish
Tech Stocks Fall as Chip Rally Halts. Nasdaq Drops From Record High.

Tech stocks looked set to drop on Tuesday, as investors took the opportunity to lock in some profit following a stellar rally in chip stocks. Futures tracking the Nasdaq 100 were 0.7% lower. Red-hot Intel and Micron Technology both slid by about 2% and Qualcomm, which hit a record high on Monday, was down by a similar amount.

Tigress Financial Partners Reaffirms Buy Rating on QUALCOMM (QCOM) Amid AI Expansion
Insider Monkey136d agobullish
Tigress Financial Partners Reaffirms Buy Rating on QUALCOMM (QCOM) Amid AI Expansion

QUALCOMM Incorporated (NASDAQ:QCOM) is included among the 10 Best Robinhood Stocks to Buy According to Billionaires. On May 9, Tigress Financial Partners raised its price recommendation on QUALCOMM Incorporated (NASDAQ:QCOM) to $280 from $270. It reiterated a Buy rating on the shares. The firm said it sees Qualcomm as an “increasingly compelling investment opportunity” as […]

Qualcomm China Trip Puts AI And Chip Export Risks In Focus
Simply Wall St.137d agoneutral
Qualcomm China Trip Puts AI And Chip Export Risks In Focus

Qualcomm CEO Cristiano Amon is joining a U.S. business delegation on President Donald Trump's upcoming summit trip to China for talks with Xi Jinping. The delegation, which also includes leaders from Tesla and Apple, is focused on pursuing business agreements and discussing U.S. access to the Chinese market. The visit is expected to touch on semiconductor export rules and commercial ties between the U.S. and China. For investors watching NasdaqGS:QCOM, this trip sits at the intersection of...

Applied Materials makes unexpected AI move as demand explodes
TheStreet137d agoneutral
Applied Materials makes unexpected AI move as demand explodes

Days before its fiscal second-quarter earnings report on May 14, Applied Materials (AMAT) unveiled a new co-innovation partnership with TSMC, the world's most important chipmaker, to be conducted inside Applied's new $5 billion EPIC Center in Silicon Valley. It is the largest U.S. investment ever ...

Stocks Settle Higher on Strong Earnings
Barchart137d agoneutral
Stocks Settle Higher on Strong Earnings

The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +0.19%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.19%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.29%. June E-mini S&P futures (ESM26 ) rose +0.18%, and June E-mini Nasdaq futures...

Musk, Cook Set to Join Trump for Xi Summit, White House Says
Bloomberg137d agoneutral
Musk, Cook Set to Join Trump for Xi Summit, White House Says

(Bloomberg) -- The White House is inviting Tesla Inc.’s Elon Musk, Apple Inc.’s Tim Cook, Boeing Co.’s Kelly Ortberg and executives from other large companies to accompany President Donald Trump on his trip to China this week, according to an official. Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyTrump Rejects New Iran Peace Offer as ‘Totally Unacceptable’Modi Asks Indians to Stop Buying Gold,