Microsoft reported 35% growth in cloud services and Alphabet’s own cloud unit beat estimates. Yet investors reacted like Grampa Simpson: angry at everything, and very cranky.
Author: Tim Culpan
With Elon Musk on the verge of taking over Twitter comes news that he plans to gut its workforce, with cuts of up to 75%.
It’s hard to find comfort when even the king of the technology jungle takes a tumble.
There’s almost no other sector in history that’s shown the same level of consistent development for so long.
The divide between the biggest chip makers and those highly dependent on demand for mainstream products is set to worsen.
It was barely six months ago that the technology hardware sector looked quite immune to a global slowdown. That picture is now fading fast.
It’s been more than two years since Apple issued revenue guidance, a worrying trend towards decreasing transparency at the world’s largest company.
With the global chip shortage extending into its third year, the world’s number one player is looking stronger than ever.
Less than a week after CEO Parag Agrawal excitedly tweeted that the world’s richest man would get a seat, he’s now been forced to backpedal.
For all the talk about Intel’s entry into the chip foundry business, it’s easy to forget there’s another competitor plugging away in South Korea.