Intel (NASDAQ: INTC) has been facing challenges and disappointments that have left loyal shareholders feeling let down. The company’s financial situation is not looking good, with declining cash reserves and lack of profitability on a GAAP basis. Additionally, tensions between the United States and China are impacting Intel’s operations, as tariffs on Chinese-made chips are … Read more
Bernstein Liebhard LLP, a highly regarded law firm specializing in investor rights, is reminding investors about the deadline to file a lead plaintiff motion in a securities class action lawsuit involving Intel Corporation (NASDAQ: INTC). The lawsuit, filed in the United States District Court for the Northern District of California, alleges Securities Exchange Act violations … Read more
Broadcom (NASDAQ: AVGO) and Bytedance are teaming up to develop advanced 5-nanometer AI chips. Bytedance has previously purchased 5-nanometer chips from Broadcom. Reports suggest that Taiwan Semiconductors (NYSE: SST) will manufacture the chips for the companies, and that they will not violate current chip export restrictions. The development of the chips is progressing well, but … Read more
Bronstein, Gewirtz & Grossman, LLC, a prominent law firm, has announced a class action lawsuit against Intel Corporation and certain officers. The lawsuit aims to recover damages for investors who purchased or acquired Intel securities between January 25, 2024, and April 25, 2024. The lawsuit alleges that Intel made false and misleading statements about its … Read more
The twelfth super load to be transported from a dock on the Ohio River near Manchester to New Albany in Licking County is an air processor used in silicon chip manufacturing. This load is approximately 23 feet high, 20 feet wide, 280 feet long, and weighs 916,000 pounds. The journey is expected to take more … Read more
The Google Podcasts app, used by millions of people, is set to disappear from devices tomorrow despite pleas to keep it alive. Users were given months of warning, with the US version of the app already gone in April. Google Podcasts will merge with YouTube Music as part of efforts to create an all-in-one destination … Read more
Bragar Eagel & Squire, PC, a well-known law firm focusing on shareholder rights, has reminded investors of ongoing class action lawsuits involving Malibu Boats, Inc., Equinix, Intel Corporation, and AXT, Inc. Shareholders have until specific deadlines to nominate themselves as lead plaintiffs in these cases. For Malibu Boats, Inc. (NASDAQ: MBUU), the class period runs … Read more
A major development for Intel stock investors has recently emerged. The tech giant, Intel, has announced plans to shift a significant portion of its integrated circuit manufacturing to third-party foundries. This strategic move is aimed at addressing the company’s recent struggles in keeping up with competitors in terms of production efficiency and technology advancement. Intel … Read more
NVIDIA (NVDA) stocks are facing scrutiny from the U.S. Department of Justice for its artificial intelligence (AI) activities, along with OpenAI and Microsoft. The investigation will focus on whether NVIDIA violated antitrust laws with the development of AI chips. As a result, NVDA stock is down 1.5% today, and investors are concerned about the impact … Read more
Apple identified a cloud security issue within Amazon Web Services (AWS), leading to changes in the data deletion process. This discovery occurred in early 2023 when Apple noticed suspicious activity in terminated AWS accounts. The concern arose when it was revealed that data from approximately 2,200 closed accounts had not been deleted after 90 days, … Read more