Qualcomm Plans Global Layoffs Starting November

408x Oversubscribed AI IPO Crashes 32%—Democratic Sweep Prospects Trigger Selling in Data Center Stocks

AI Boom Warning Please click here for an enlarged chart of Direxion Daily Semiconductor Bull 3X ETF (NYSE:SOXL). Note the following: Semiconductors reflect the AI trade, and SOXL is the momo crowd’s

AGI Is Almost Ready. Is Your Portfolio?

As tech leaders debate whether artificial general intelligence (AGI) has arrived, major companies are spending record amounts on AI infrastructure. The article examines different CEOs' timelines for AGI and identifies three stocks best positioned to profit from the massive AI spending regardless of when AGI actually arrives: Nvidia, Broadcom, and Alphabet.

Michael Burry Sees a 2000-Style Rotation Out of the Market's Winners

Michael Burry predicts an AI-driven market decline such as in 2000, when major winners plunge while beaten-down stocks rise.

'Qualcomm to cut jobs worldwide in performance-focused layoffs, internal memo shows' - Reuters Exclusive

Company to cut jobs globally in a "performance-focused reduction" following its annual employee reviews, CEO Cristiano Amon told staff in a memo on Monday reviewed by Reuters, with notifications set to begin in

Trailer Telematics Market to Grow from USD 0.77 billion in 2024 to USD 1.41 billion by 2030, at a CAGR of 10.5% — MarketsandMarkets™

The global trailer telematics market is projected to grow at a CAGR of 10.5% from 2024 to 2030, driven by demand for efficient fleet management, regulatory compliance, and cold-chain logistics. The Americas region leads the market, while Asia Pacific shows the fastest growth at 11.8% CAGR. Key players include CalAmp, Descartes Systems Group, Qualcomm, Omnitracs, and others offering GPS tracking, temperature monitoring, and predictive maintenance solutions.

Shares of semiconductor and chip companies are trading lower as rising inflation concerns and elevated energy prices fuel expectations for further Fed rate hikes. Elevated borrowing costs could pressure semiconductor manufacturing and AI infrastructure investments while straining customer budgets. The Philadelphia Semiconductor Index (SOX) has declined for seven consecutive trading sessions, matching its longest losing streak since the 2008 financial crisis.