Skyworks Solutions stock down after fiscal Q4 earnings

Shares of Skyworks Solutions Inc. SWKS, +0.91% fell 4% in the extended session Thursday after the semiconductor company reported fiscal fourth-quarter per-share earnings that beat expectations but predicted a weaker fiscal first quarter. Skyworks earned $286 million, or $1.58 a share, in the quarter, compared with $281 million, or $1.51 a share, in the year-ago quarter. Adjusted for one-time items, […]

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AMD’s stock rallies as Amazon’s AWS deploys Epyc chips

Advanced Micro Devices Inc. AMD, +6.31% shares surged in Tuesday trading after the chip maker announced that its data center chips were available on Amazon.com Inc.’s AMZN, +0.90% Amazon Web Services. AMD shares leapt to an intraday high of $21.65 following the announcement and were last up 7.3% at $21.36. AMD said that AWS’s Elastic Compute Cloud, or EC2, is […]

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‘No illusions that we’re out of the woods’, says Wall Street analyst who called the stock-market selloff

Michael Wilson, Morgan Stanley’s chief U.S. equity strategist, says so-called growth stocks will likely remain under pressure after an ugly October saw the shares of popular technology and internet-related companies tumble. Wilson, in a Sunday note, said growth strategies, which center on investing in companies that consistently grow faster than their peers and the broader market, are experience a slowdown […]

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Apple target cut at Morgan Stanley, BMO

Apple Inc. AAPL, +1.54% shares are down 6% in premarket trading Friday after the smartphone manufacturer posted better-than-expected September-quarter results but delivered a disappointing forecast for the holiday period and also announced that it would no longer be providing unit-sales figures as of its next report. Analysts at Morgan Stanley and BMO Capital Markets cut their price targets after the […]

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Fitbit stock jumps after wearables pioneer posts first profit in two years

Fitbit Inc. shares soared more than 10% in after-hours trading Wednesday, after the wearables pioneer posted a surprise adjusted profit for its third quarter. It was the first time in two years that Fitbit generated positive adjusted earnings. The company generated adjusted earnings per share of 4 cents for the quarter on revenue of $393.6 million. Analysts surveyed by FactSet […]

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The true lesson of IBM’s move for Red Hat: Open-source has truly arrived

International Business Machines Corp.’s hefty $34 billion deal to buy Red Hat Inc. is the biggest proof yet that the 20-year-old movement of free and open software can lead to a real revenue-generating business, thanks to new advances in technology. In the case of IBM IBM, -4.13% , an early participant and supporter of the open-source movement, its planned acquisition […]

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