Technology stocks are the most oversold they have been since 2015, according to Dan Ives, an analyst at Wedbush Securities. The tech-heavy Nasdaq Composite COMP has dropped 11% this year — about twice...
Tag: Computer Services
Fintech Stocks Look Cheap. Why It Could Be Time to Buy.
Text size Wells Fargo has a strong outlook for the fintech sector. Dreamstime The fintech and digital payments sector has a new fan at Wells Fargo, who says the time to buy them is now. Analyst Jeff C...
AMD, Qualcomm make software-focused acquisitions as growth in core chip businesses questioned
Advanced Micro Devices Inc. and Qualcomm Inc. both announced acquisitions on Monday that will help diversify into greater software holdings as analysts question growth in the chip makers’ core busines...
Anaplan Stock Surges on Deal to Be Bought by Thoma Bravo for $10.7 Billion
Text size Photograph by Michael Nagle/Bloomberg Anaplan , a provider of business-planning software, agreed to be acquired by private-equity firm Thoma Bravo for $66 a share, or $10.7 billion. The offe...
Cloud Stocks Have Become a Haven in Tech. 4 Stocks to Buy.
As the world emerges from the pandemic, tech companies have been put in a tough spot. They’re under pressure to sustain pandemic-era boosts, and many of them have struggled to meet the challenge, incl...
Snowflake Stock Falls as Software Tweak Hits Revenue. Analysts Remain Bullish.
Text size Snowflakes made a tweak to its software that allows customers to do more with less resources. That hit revenue because customers pay only for the amount of computing time they use. Dreamstim...
Baidu Stock Jumps Even as Earnings Miss Estimates. Here’s What to Like.
Text size Like its peers in the Chinese tech sector, Baidu faces macroeconomic headwinds. Liu Jin/AFP via Getty Images A growing cloud computing and artificial intelligence business at Baidu helped th...
Rackspace’s Quarterly Results Beat Estimates. The Stock Sinks Anyway.
Text size Rackspace’s network operations center. Courtesy of Rackspace Rackspace Technology stock was falling hard as investors responded to financial forecasts that appeared to have overshadowe...
Nvidia’s Earnings Are Today. What to Expect.
Text size The graphic chip giant has become the top semiconductor maker in the U.S., eclipsing Intel. Justin Sullivan/Getty Images Graphics chip giant Nvidia is expected to post strong financial resul...
Nvidia’s Earnings Could Be a Big Win. What to Expect.
Text size Solid performance is expected in the chip maker’s gaming and data center businesses when it reports earnings Wednesday. Justin Sullivan/Getty Images Nvidia could be a big winner this e...
Nvidia Is Set Up for a ‘Significant Beat and Raise.’ Here’s Why.
Text size A sign is posted in front of the Nvidia headquarters in Santa Clara, California. Justin Sullivan/Getty Images Nvidia could be a big winner this earnings season, with profits driven by solid ...
The Arm deal is dead, but Nvidia is not expected to slow down
Nvidia Corp.’s acquisition of Arm Ltd. has been scuttled, but that isn’t expected to stop the chip maker’s charge into the data center. seeks to cut further into Intel Corp.’s and Advanced Micro Devic...
Tech Stocks to Buy as Interest Rates Rise
Text size Chip stocks look like good bets in th new world for tech stocks. Maika Elan/Bloomberg Tech stocks finally showed a little fight last week, aided by an impressive batch of earnings reports. B...
IBM Earnings Are Strong as Turnaround Takes Hold
Text size IBM sales were up 6.5% in the fourth quarter, to $16.7 billion. Ethan Miller/Getty Images IBM posted strong results Monday for its fourth quarter, with its best sales growth in more than a d...
IBM stock rallies as earnings, sales surge amid Kyndryl spinoff
International Business Machines Corp. shares rallied in the extended session Monday after Big Blue topped Wall Street expectations following the spinoff of its managed infrastructure-service business,...
Google’s $5.4 billion deal for Mandiant could have ‘a major ripple impact’ within cybersecurity
Alphabet Inc. plans to acquire Mandiant Inc. for roughly $5.4 billion in a deal that could unleash a long-awaited consolidation across the cybersecurity industry. The Google parent company announced T...