ASML earnings drag semiconductor stocks lower

Workers at Carl Zeiss ZMT are seen outside giant vacuum chambers where optical systems for ASML’s new High NA EUV tool are tested. ASML Chip stocks fell on Wednesday after ASML, a key developer of semiconductor manufacturing equipment, said that bookings fell by 61% sequentially during the first quarter, a steeper drop than investors had expected. AMD’s stock fell over nearly 6%, Nvidia shares fell over 3%, Intel shares fell

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Jury Begins Deliberations in $110M Mango Markets Fraud Trial

In their rebuttal, prosecutors said that Eisenberg’s legal attempts to get his money were made after his identity as the exploiter had been exposed. He thought that his proposal to Mango Markets’ DAO, and its subsequent “waiver of liability,” meant he was off the hook, emboldening him to come back to the U.S., they said. Source link

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Google restructures finance team as part of AI shift, CFO tells employees in memo

Alphabet Chief Financial Officer Ruth Porat. Adam Galica | CNBC Alphabet Chief Financial Officer Ruth Porat said in a memo Wednesday that Google is restructuring its finance organization, a move that will include layoffs and relocations, as the company pushes resources to favor investments in artificial intelligence. “The tech sector is in the midst of a tremendous platform shift with Al,” Porat wrote in the memo, obtained by CNBC, that

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Bitcoin Halving Spectacular, With Runes, ‘Epic Sat,’ Stacks Nakamoto

Suku, a provider of Web3 tools, in collaboration with Alchemy and Privy, has launched SukuPay, “a simple, free and fully non-custodial global money transfer solution,” according to the team: “Leveraging account abstraction, SukuPay removes the need for initial setup like creating a wallet or remembering a seed phrase, while still providing a non-custodial experience. With just a phone number, users can effortlessly send and receive funds without any fees. It’s

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Bitcoin ETFs (BTC) in Hong Kong Likely Not Available for Chinese Investors

Hong Kong regulators supposedly approved the launch of ETFs on Monday, opening the gates for new money being poured into bitcoin. Issuers include ChinaAMC, Harvest Global and Bosera International. The approval was announced by the issuers themselves, not the Securities and Futures Commission (SFC), Hong Kong’s securities regulator, who has maintained radio silence. Source link

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AWS stops selling Snowmobile truck for cloud migrations

Amazon Web Services Snowmobile Truck CNBC At Amazon’s annual cloud conference in 2016, the company captured the crowd’s attention by driving an 18-wheeler onstage. Andy Jassy, now Amazon’s CEO, called it the Snowmobile, and said the company would be using the truck to help customers speedily transfer data to Amazon Web Services facilities. Less than eight years later, the semi is out of commission. As of March, AWS had removed

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Amazon starts selling smart grocery carts to other retailers

A woman uses a dash cart during her grocery-shopping at a Whole Foods store as Amazon launches smart shopping carts at Whole Foods stores in San Mateo, California, United States on February 25, 2024. The smart shopping cart makes grocery shopping quicker by allowing customers to scan products right into their cart as they shop and then skip the checkout line. Tayfun Coskun | Anadolu | Getty Images Amazon will

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