Technology

Intel is taking a page out of Elon Musk’s book and cutting prices on its CPUs and GPUs. This strategy could help the company recover from its recent struggles and boost its stock price.

Apple has warned six Indian lawmakers, including Prime Minister Narendra Modi’s main opposition leader Rahul Gandhi, about potential state-sponsored attacks targeting their iPhones. The alert, received by Gandhi’s team, highlights serious concerns about digital espionage ahead of next year’s general elections. Other influential figures, such as Shashi Tharoor and Akhilesh Yadav, have also been notified. While Apple’s threat notifications may not be foolproof, they can help detect and prevent future attacks. The Indian government is investigating the matter.

Extreme Networks stock fell today despite reporting solid results, as the company’s guidance for the next quarter was below analysts’ expectations.

AI experts are excited about the launch of the human AI pendant, Rewind, which tracks digital and physical life. While there is buzz around its potential, concerns about privacy and data collection remain. The device collects a vast amount of data, including personal information, which raises privacy issues. However, Rewind claims to prioritize privacy and hopes that this approach becomes an industry standard. The concept of privacy in the age of AI is evolving, and new solutions will need to be developed to address these concerns.

Growth stocks have seen substantial gains and are set to beat the market. Uber Technologies, Modine Manufacturing, and Super Micro Computer are three companies that have seen significant increases in their share prices.

Applied Materials is a leading semiconductor equipment and materials supplier. The company has a strong financial position and is benefiting from the growth in demand for AI chips. The stock is trading at a discount to its peers and offers a good investment opportunity.

LSI Industries Announces Fiscal First Quarter Results Conference Call Date: November 9, 2022

Cisco issued an advisory warning about a critical vulnerability in its IOx software, which could be exploited by hackers to compromise thousands of devices. The bug affects devices running Cisco IOx software and exposes them to potential unauthorized activity. Cisco has not commented on the scale of the exploitation, but there have been reports of compromised devices in various locations. Cisco has not yet released a patch for the zero-day vulnerability. They recommend disabling certain server features and conducting immediate network searches for signs of compromise.

Technology sector is rapidly evolving, and companies like Nvidia (NASDAQ:NVDA) are redefining the paradigm of success, making tech stocks a hot topic.

Baidu (NASDAQ:BIDU) is a Chinese tech giant that is hailed as China’s answer to US tech giants. Baidu is not just a search engine, but also a vast digital architecture supporting the world’s second-largest economy.

Trip.com (NASDAQ:TCOM) is a tour de force in the realm of travel services, hailing from Shanghai. Trip.com is not just another aggregator, but a testament to technology redefining experiences.

Aviat Networks (NASDAQ:AVNW) is an inconspicuous yet promising tech stock that offers microwave transport backhaul solutions, supporting the insatiable appetite for multi-gigabit data services.

These under-the-radar tech stocks harbor significant potential and are often overlooked in mainstream discourse.

Littelfuse, Inc. Announces Third Quarter Financial Results

An AI expert summarizes the article as follows: Amazon’s use of robots in its fulfillment centers has sparked a debate on the impact on human jobs. While some argue that robots will replace human workers, others believe that they will create better jobs. Studies show that the number of human employees may increase as robots assist in tasks and improve teamwork.

Amazon has announced the beginning of testing its agile biped robot for warehouse facilities. The company aims to understand its fit in their processes and plans to deploy the robot in their digitized warehouses. This move is not surprising as Amazon has been investing in companies involved in robotic technology. The agile biped robot is designed to work alongside human employees and can handle tasks such as picking and moving items. Amazon sees a big opportunity in scaling up the use of these robots to improve efficiency in their warehouses.

Although the innovative space generally focuses on growth, investors looking to double dip can find tech stocks that pay dividends. IBM, Qualcomm, Garmin, ADTRAN, LHX Technologies, Open Text, and Himax Technologies are among the top tech stocks that pay dividends.

Solar stocks are getting hammered this morning after sector leader Enphase Energy warned that demand in Europe is weakening dramatically. This is just the latest blow to a sector that has already been reeling from exploding interest rates.

Goldman Sachs downgraded Enphase and cut its price target significantly following the company’s negative preannouncement.

Other solar stocks, including First Solar and Solaredge Technologies, are also trading sharply lower this morning.

Amazon has quietly introduced support for passkeys, allowing users to log in using biometric authentication such as fingerprints or face scans. While this makes it more difficult for bad actors to access user accounts remotely, physical access to the user’s device is still required. However, there are still some issues with Amazon’s implementation of passkeys, as it is currently only supported on the Amazon native app and not on other platforms like Prime Video. It is also unclear if passkey support will be available on the mobile app or if Amazon plans to expand its availability.

Payfon, a smartphone identity verification startup, recently rebranded and raised millions in funding. The company’s technology links phone data and SIM cards to offer privacy-centered digital identity functions. They plan to use the funds to build digital payment tools and fraud detection systems. Payfon has already proven to be profitable and aims to process billions of transactions in the coming years. The company has attracted investors and partnerships with major banks, retailers, healthcare, and insurance companies. They aim to reduce friction in e-commerce transactions and provide faster onboarding and verification processes. The market for identity access management is estimated to be worth billions, and Payfon’s innovative approach has garnered investor interest.

Chicago-based company, Fingerprint Device Intelligence API, announced a $10 million investment led by Nexus Venture Partners and Uncorrelated Ventures. The API helps prevent fraud by uniquely identifying devices used to access websites and applications. It analyzes factors like installed fonts, screen resolution, and SSL handshakes. The technology is based on an open-source library called FingerprintJS. While the company offers a less robust open-source version, the pro version ensures privacy and complies with GDPR regulations. The company’s clients include TD Ameritrade, Western Union, and US Bank.

Last week, cloud computing company Shadow confirmed a data breach involving customer personal information. A hacker claimed to have accessed customer data through the company’s software-as-a-service (SaaS) API. This breach highlights the importance of notifying privacy watchdogs and navigating regulatory obligations to avoid losing client trust. Zygon, a French startup, aims to address this issue by providing a secure SaaS management solution that helps businesses monitor and control SaaS usage across their organization. They recently raised $1 million in seed funding to further develop their platform. Zygon’s approach includes decentralized security, recommending secure configurations, and flagging shared accounts and inactive services to minimize security risks.

Nvidia (NASDAQ:NVDA) has been a poster child for the artificial intelligence (AI) investment trend. The company’s GPUs are used in a wide range of AI applications, from self-driving cars to natural language processing. As a result, Nvidia’s stock has exploded in recent years, nearly tripling in value over the past year.

Wall Street analysts don’t think the party is over either. The average analyst one-year price target for the stock indicates upside of 20%, suggesting that fantastic gains could be in store for investors who buy Nvidia now.

Nvidia CEO Jensen Huang says he wouldn’t start the company today, citing the difficulty of building a successful tech company.

Insur startup Nirvana takes a new approach to commercial fleet insurance using AI and telematics technology. With new funding of $18 million, they plan to expand their big data platform and target the truck industry. Their risk model leverages billions of miles of truck data to calculate premiums and provide faster claims processing. This innovative approach aims to modernize the insurance industry and address the specific risks of fleet management.

Intuit (INTU) stock rose in the latest trading session, but it is still lagging behind the market. The company is scheduled to release its earnings report soon, and analysts are expecting it to post year-over-year growth. However, the stock’s valuation metrics suggest that it is currently overvalued.

Intuit, a financial technology platform, has announced the launch of QuickBooks Bill Pay, aiming to transform bill payment for businesses and deliver accounts payable (AP) automation. Integrated within the QuickBooks platform, this solution allows businesses to seamlessly track and pay bills, eliminating the need for disparate solutions and reducing the risk of late or missed payments.

David Talach, Senior Vice President of the QuickBooks Money Platform at Intuit, emphasizes the importance of improving cash flow for small businesses. QuickBooks Bill Pay offers a range of features to streamline bill payments, including automated bill creation, ownership role assignment to employees, effortless organization, paperless tax-ready records, and flexible payment options. These features aim to simplify the bill payment process, improve recordkeeping, and ensure compliance.

Additionally, QuickBooks Bill Pay enhances the Intuit QuickBooks Business Network, a business-to-business network focused on accelerating automated payments for small businesses. Vendors and contractors using QuickBooks Bill Pay can receive invitations to join the network, allowing them to securely save payment details for future payments, reducing errors associated with manual entry.

QuickBooks Bill Pay offers different pricing plans to meet the needs of businesses of all sizes. QuickBooks Online customers in the US can choose from three flexible plans: Basic, Premium, and Elite. To encourage adoption, QuickBooks is offering a promotional offer of one month of free service for the QuickBooks Bill Pay Premium and Elite plans.

EchoStar Communications Corporation (NASDAQ:DISH) reported better-than-expected earnings for the second quarter of 2023. The company reported earnings per share of $0.95, beating the Zacks Consensus Estimate of $0.92 per share. This also compares favorably to the EPS of $0.89 per share reported in the year-ago quarter. Adjusted for non-recurring items, the company reported earnings of $1.01 per share.

Wipro, a leading Indian IT services provider, has announced a multi-year plan to invest $1 billion in artificial intelligence (AI) and data analytics. This investment will focus on creating new AI-powered solutions and services, as well as training its employees in AI technologies. The company aims to become a global leader in the AI space and help its clients adapt to the changing world.

Harmonic HLIT Quick Quote HLIT Free Report came out with quarterly earnings per share of miss Zacks Consensus Estimate per share. Compared with earnings per share a year ago, figures adjusted for non-recurring items, this quarter’s report represented an earnings surprise. A quarter ago, expectations were that the video services provider would post earnings per share. Actual produced earnings delivered a surprise in the last four quarters. The company surpassed consensus EP estimates three times. Harmonic belongs to Zacks Communications Components Industry. Posting revenue of million for the quarter ended June, it missed the Zacks Consensus Estimate. Compared year-ago, revenue was million. The company topped consensus revenue estimates two times in the last four quarters. The sustained stock price movement is based on recently-released numbers and future earnings expectations. Most depend on management commentary in the earnings call. Harmonic shares are up since the beginning of the year versus SPX gain. Next Harmonic While Harmonic underperformed the market so far this year, the question comes to investors’ minds is what’s next for the stock? The easiest answer to this key question is one reliable measure that helps investors address a company’s earnings outlook, including current consensus earnings expectations for the coming quarter, as well as the change lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors tracking revisions can rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record harnessing the power of earnings estimate revisions.

MKS Instruments (MKSI) upgraded to Buy: Is the Stock a Solid Choice?

In this Equiti podcast episode, they cover the latest tech news and what made headlines earlier in the week. They discuss Tesla, Netflix, and upcoming data releases. They also mention the decline of game companies and the possibility of IPOs. Tune in for more insights on venture capital and check out their website for the full transcript. Subscribe on various podcast platforms for regular updates.

Arista Networks (ANET) shares fell 4.4% in the recent trading session, extending the previous day’s decline. The stock’s price change for the day was negative $16.69, bringing the closing price to $362.41. Elsewhere, the Dow saw an upswing, while the tech-heavy Nasdaq depreciated. Cloud networking company shares have seen an increase over the past month, outperforming the computer technology sector’s loss. SP loss upcoming earnings release.

Generative AI is the next big thing, with models like ChatGPT and DALL-E standing ready. Experts agree that AI will play a central role in the future, but there is some debate about how soon it will become truly transformative.