Micron recognizes reality and receives a relief rally

Micron Technology Inc. is finally accepting the reality of the memory-chip downturn, and investors appear to be breathing a sigh of relief. On Wednesday, Micron MU, -0.59% reported second-quarter earnings, with revenue of $5.8 billion, down 21% from the prior year, citing “worse-than-expected pricing trends” for both dynamic random access memory chips (DRAM) and NAND flash memory, a sharp contrast from […]

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Google unveils Stadia streaming-videogame service, but not a price tag

Google is taking major steps to jump into the videogame industry, announcing Tuesday a new streaming platform that it will launch this year as well as an in-house videogame-production unit, but neglecting to say who will pay for it. Gaming titans have long chased streaming as something of a Holy Grail, anticipating that unburdening people from the near requirement to […]

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Atlassian continues to focus on its base after Slack deal, with another acquisition

Atlassian Corp. continues to build out its tech-focused software offerings after gracefully bowing out of the workplace-messaging war, announcing Monday its second acquisition in six months. Atlassian TEAM, +0.86% said Monday it is acquiring collaborative-planning startup AgileCraft for $166 million, with the bulk of the payout — $154 million — paid in cash and the rest in vesting shares. That move […]

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Nvidia to make largest acquisition in its history with $6.9 billion deal for Mellanox

Nvidia Corp. won a reported bidding war for high-performance-computing equipment maker Mellanox Technologies Ltd., announcing Monday morning that the two companies had agreed to a deal valued at nearly $7 billion. NvidiaNVDA, +1.88%agreed to pay $125 a share in cash for Mellanox MLNX, +8.17% , which has never reached such a level in regular trading, even amid reports of acquisition bids […]

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China’s Huawei calls restrictions by the U.S. government unconstitutional

SHENZHEN, China (AP) — Chinese tech giant Huawei 002502, +5.86%  is challenging a U.S. law that would limit its American sales of telecom equipment on security grounds as the company steps up efforts to preserve its access to global markets for next-generation communications. Huawei Technologies Ltd.’s lawsuit, announced Thursday, asks a federal court to reject as unconstitutional a portion of […]

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China is overtaking the U.S. as the leader in artificial intelligence

Researchers, companies and countries around the world are racing to explore — and exploit — the possibilities of artificial intelligence technology. China is working on an extremely aggressive multi-billion-dollar plan for government investment into AI research and applications. The U.S. government has been slower to act. The Obama administration issued a report on AI near the end of its term. […]

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Happy anniversary to TiVo’s ‘strategic review,’ which still hasn’t found a strategy

A year after TiVo Corp. embarked on a “strategic review” of its business, it still hasn’t found a strategy for investors to review. On Feb. 27, 2018, TiVo said it was “evaluating a wide range of strategic alternatives to realize long-term shareholder value,” ranging from “transformative acquisitions that would accelerate our growth … to combining our business with other leading […]

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Dell returns to the earnings calendar as retailers’ holiday returns keep flowing

As the second month of the year comes to an end, there is still a lot to learn about last year’s holiday sales. Large retailers including Home Depot Inc. HD, -0.33% , Macy’s Inc. M, +3.10%  and Foot Locker Inc. FL, +0.54% will report earnings in the coming week, after Walmart Inc. WMT, +0.05% calmed some nerves about retail sales. Best Buy […]

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Roku stock gains on upbeat forecast as ad revenue surges

Roku Inc. shares rose in after-hours trading Thursday after the streaming company reported better-than-expected revenue and delivered an upbeat forecast about the year ahead. The company posted revenue of $275.7 million for the December quarter, up from $188.3 million a year earlier and ahead of the $262.1 million FactSet consensus expectation. The company saw strong growth in its platform business, […]

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