Apple Hit By Slowing Demand, Tells Suppliers iPhone Orders Slowed

Apple, who saw it’s stock hit record highs today over $170 is being reported as suffering from slowing demand.  Bloomberg is reporting AAPL has told its component suppliers demand for the iPhone 13 lineup has weakened, people familiar with the matter said. The supply crunch has seen some consumers giving up on the wait apparently. Apple at it’s last earnings report cut it’s iPhone 13 production goal for this year by as many as 10 million units, down from a target … Continue reading “Apple Hit By Slowing Demand, Tells Suppliers iPhone Orders Slowed”

Record Taiwan Chip Production To Continue, Expanding Over 25% in 2022

The global chip supply is expected to get some relief from Taiwan Semiconductor Manufacturing Co (TSMC) and the other Taiwanese Semiconductor manufacturers next year. A Taiwan government think tank forecasts output will grow 25.9% in 2021 to a 4.1 trillion New Taiwan dollars ($147 billion). Producers are struggling to keep up with the surging demand even as they invest in new capacity. A recent report published by Taiwan government think tank, The Industry, Science and Technology International Strategy Center (ISTI) … Continue reading “Record Taiwan Chip Production To Continue, Expanding Over 25% in 2022”

Nvidia Record Quarterly Revenue in Gaming, Data Center, and Professional Visualization

NVidia beat both earnings and revenue expectations in the third quarter of 2021. Revenue for the third quarter was a record $7.10 billion, up 50 percent from a year earlier. Record quarterly revenue was achieved in Gaming, Data Center, and Professional Visualization. Gaming revenue was up 42 percent from a year ago and up 5 percent sequentially Q3 2021 Earnings NVDA reported adjusted earnings per share of $1.17 and revenue of $7.1 billion. Analysts expected $1.11 earnings per share and … Continue reading “Nvidia Record Quarterly Revenue in Gaming, Data Center, and Professional Visualization”

German Solar Electric Vehicle Disruptor Sono Group IPO Debut

Germany-based Sono Group NV $SEV raised $150 million at a $1.1 billion market cap. The company is developing what it believes is disruptive solar technology, as well as a solar and battery powered vehicle. Sono Motors is developing the solar electric vehicle (SEV) for the masses, the Sion. It has reached more than 16,000 reservations with advance payments for the Sion, the solar electric vehicle (SEV) for the masses, German disruptive solar technology company Sono Group (SEV) Sono Group N.V. (parent company to … Continue reading “German Solar Electric Vehicle Disruptor Sono Group IPO Debut”

Australian Green Bitcoin Miner Iris Energy Debuts on NASDAQ

Australian green bitcoin miner Iris Energy debuted on Nasdaq Wednesday opening at the $US28 IPO price only to sell off sharply. Trading under the symbol $IREN , which accesses abundant or under-utilized renewable energy to power its operations, fell as much as 22% in its first session and closed down 12.7 % at $US24.45. It didn’t help that Bitcoin prices fell though the day. Australia’s Iris Energy (IREN) is an Bitcoin mining company primarily powered by renewable energy raised its initial public … Continue reading “Australian Green Bitcoin Miner Iris Energy Debuts on NASDAQ”

First Data Customer Engagement Platform Braze Goes Public, From AppBoy To BRZE

Customer engagement Braze Inc $BRZE targeted a $55 to $60 per-share IPO price range and priced at the high end of $65 per share. The stock opened 34% over the deal cost in their market debut on Wednesday, getting a valuation of almost $8 billion. The stock closed at $93.39 on day one. Customer engagement platform Braze (BRZE) Founder-led Braze provides a customer engagement platform used by businesses to improve their marketing. Braze says its foundation permits its customers to improve comprehension … Continue reading “First Data Customer Engagement Platform Braze Goes Public, From AppBoy To BRZE”

Brazilian Engineering Software Provider CI&T IPO Debuts on NYSE

Brazilian based CI&T, a global digital native specialist, and end-to-end digital transformation partner providing strategy, design and software engineering services to some of the world’s leading brands went public as $CINT on the NYSE closing up 20%

Electric Truck Developer Rivian Automotive IPO Soars To $85 Billion on Debut

Electric truck developer Rivian Automotive raised $11.9 billion to become the largest IPO of 2021, and the largest IPO since Alibaba (NYSE: BABA) in 2014. RIVN reached a high of $119.38 and closed at $100.73/share when markets closed

The Trade Desk Soars After Earnings Avoid Headwinds That Hit Social Media Digital Advertising Space

Digital advertising placement firm Trade Desk shares soared 21.5% after better than expected third quarter earnings. Relief came as $TTD avoided headwinds that plagued the social media industry in Q3, hitting Snap, Facebook (FB), Twitte r(TWTR) and Roku with underwhelming reports.

Amazon Stock Tumbles After Missing Revenues, Guiding Far Below Consensus Expecting Labor Supply Issues To Hit Holiday Sales

Retail monster Amazon.com reported much weaker September quarter earnings Thursday.  $AMZN stock tumbled 4.5% after they guided much lower than  expected.  Amazon was already projected to grow at  the slowest in the past decade but issued an even bleaker picture blaming labor and supply issues. This is the last quarter under which the e-commerce and technology giant’s founder Jeff Bezos was CEO, as longtime company exec Andy Jassy took over the top spot on July 5. Could this be the … Continue reading “Amazon Stock Tumbles After Missing Revenues, Guiding Far Below Consensus Expecting Labor Supply Issues To Hit Holiday Sales”