GQG Partners Cuts Back Nvidia Holdings for Risk Management Bloomberg Article Source https://www.bloomberg.com/news/articles/2024-10-30/gqg-partners-cuts-back-nvidia-holdings-for-risk-management
Alphabet incoming CFO Anat Ashkenazi, who spent 23 years at Eli Lilly Eli Lilly For nine years, the CFO role at Google and parent company Alphabet was held by Ruth Porat, who took a giant pay package in 2015 to leave Wall Street for Silicon… Article Source https://www.cnbc.com/2024/10/29/google-cfo-says-company-can-push-a-little-further-in-cost-savings.html
Citrix Systems, Inc. (CTXS), after the market close Wednesday, posted slightly lower profit in its fourth quarter and said it would cut about 10% of its jobs. However, the company’s non-GAAP earnings per share came in slightly above the Street… Article Source https://www.rttnews.com/837547/citrix-systems-q4-profit-down-cuts-jobs-shares-down-update.aspx
Hewlett Packard Enterprise (HPE) is now rolling out HPE Private Cloud AI, along with new solution accelerators designed to automate and streamline applications. Co-developed with Nvidia, HPE Private Cloud AI is a cloud-based solution to help… Article Source https://www.itpro.com/technology/artificial-intelligence/hpe-s-one-click-ai-solution-for-private-cloud-cuts-project-times-from-months-to-a-single-moment
Daily E-mini Nasdaq 100 Index FuturesThe tech-heavy Nasdaq Composite dropped 0.8%, while the S&P 500 and Dow Jones each fell 0.3%, reflecting the market’s broader concerns about chip demand. Strong Q3 Earnings Overshadowed Despite the negative… Article Source https://www.fxempire.com/news/article/nvidia-amd-tumble-as-asml-cuts-2025-forecast-sparking-concerns-in-chip-sector-1468790
Cisco Systems is planning to lay off 7% of its employees, its second round of job cuts this year, as the company shifts its focus to more rapidly growing areas in technology, such as artificial… Article Source https://apnews.com/article/cisco-job-cuts-technology-layoffs-78ad036870555f53fe03739cf1ae76f9
Mather Group LLC. Cuts Holdings in Cisco Systems, Inc. (NASDAQ:CSCO) MarketBeat Article Source https://www.marketbeat.com/instant-alerts/nasdaq-csco-sec-filing-2024-10-09/
On Friday, JPMorgan adjusted its outlook on Nutanix (NASDAQ:), a leader in hybrid multicloud computing, by reducing its price target to $65 from the previous $80 while maintaining an Overweight rating on the stock. The firm anticipates that the company will likely adopt a conservative stance regarding its fiscal year 2025 (FY25) guidance, which ends … Read more
Microsoft’s recent acquisition of Metaswitch, a leading provider of communication software for network operators, has raised concerns among industry experts about the potential impact on network operators. Metaswitch’s technology is widely used by network operators to power their networks, so the acquisition by Microsoft could have far-reaching consequences for the industry. One of the biggest … Read more
Oak Asset Management LLC reduced its stake in Cisco Systems, Inc. by 3.2% during the first quarter, selling 1,400 shares and owning 42,612 shares worth $2,127,000. Other hedge funds also made changes to their positions in the company. Analysts have varied opinions on Cisco Systems stock, with a consensus rating of “hold” and a target … Read more