AMD’s market share in the server and desktop chip market will surge in the next two years, according to Bank of America Merrill Lynch. The firm’s analyst, Vivek Arya, raised his price target for the company’s shares to $20 from $17, representing 27 percent upside to Friday’s closing price. He said AMD will likely generate […]

Former New York Stock Exchange President Tom Farley told CNBC on Monday he isn’t so sure his old rival, the Nasdaq, should be considered a benchmark for technology stocks. When he hears and sees the term “tech-heavy Nasdaq Composite index,” Farley said it drives him “nuts.” “This isn’t even a tech index,” he argued on […]

Microsoft’s transition into cloud-based technology opens up new, lucrative markets for the software giant, according to Atlantic Equities, which assumed coverage Monday at overweight. The company’s recent organizational changes to better capitalize on its cloud computing business – known as Azure – is set to be a key profit driver, analyst James Cordwell told clients […]

Intel’s surprising management turnover will have a negative impact on its share price, according to Nomura Instinet. The firm lowered its rating to neutral from buy for Intel shares, saying the search for the company’s next CEO will add to concerns over its strategy. On Thursday, Intel announced the resignation of its CEO Brian Krzanich […]

America is now home to the world’s speediest supercomputer. But the new list of the 500 swiftest machines underlines how much faster China is building them. The list, published Monday, shows the Chinese companies and government pulling away as the most prolific producer of supercomputers, with 206 of the top 500. American corporations and the […]

Uber will argue in court on Monday that it is “fit and proper” to operate in London, after regulators stripped it of a license last year that could halt its presence in the British capital. Regulator Transport for London (TFL) accused Uber last year of showing a “lack of corporate responsibility” in relation to “public […]

As the internet changes how we eat, shop and do things, technology companies have become a larger presence and influence at the Cannes Lions International Festival of Creativity. If you need proof, all you had to do this week was look at Cannes, France coastline. The top awards event for the advertising and marketing industries, […]

The technology sector has been riding high this year with the seemingly invincible FANG names leading the way. But the proliferation of die-hard tech bulls is making one analyst fearful that the end of its reign might be close. “We’re a little bit concerned about the tech trade,” Chris Harvey, head of equity strategy at […]

The U.S. population is getting older, richer and sicker. Technology giants Amazon, Alphabet and Apple have created devices perfectly suited to help aging Americans, with voice-powered assistants that get smarter as they learn more about their users. Yet, outside of a few niche efforts, the companies haven’t invested ample resources to tailor their apps and […]

It started with a simple battery. Around 2009, Amazon quietly entered the private label business by offering a handful of items under a new brand called AmazonBasics. Early offerings were the kinds of unglamorous products that consumers typically bought at their local hardware store: power cords and cables for electronics and, in particular, batteries — […]