| Samantha Subin / CNBC: |
Tech stocks teetered in volatile trading on April 7: AAPL closed down 3.67% and MSFT closed down 0.55%, while Alphabet, Amazon, Meta, and Nvidia closed up — Technology stocks teetered in volatile trading Monday as President Donald Trump stood by his sweeping global tariff plans following last week's devastating sell-off.| Mauro Orru / Wall Street Journal: |
Chip stocks had a mixed Monday: Tokyo Electron, SK Hynix, Infineon, and Intel declined, while STMicro and Qualcomm posted gains — The rout underscores investor concerns that tariffs could lead to higher prices for chips and subdue demand — Global semiconductor stocks opened sharply lower on Monday … | Reuters: |
TSMC's and Foxconn's stocks closed down 9.98% and 9.77% on April 7 as US tariffs roil global supply chains; the US' 32% tariff on Taiwan is among Asia's highest — Taiwan stocks plummeted almost 10% on Monday, the biggest one-day percentage fall on record, in the first trading since U.S. tariffs … | Vlad Savov / Bloomberg: |
Nintendo's and Sony's stocks closed down 7.85% and 10.04% on April 7 amid a Japan selloff driven by US tariffs; most Switches are assembled in China and Vietnam — Nintendo, fresh off the announcement of its pivotal next-generation Switch 2 console, is particularly vulnerable … | David Yaffe-Bellany / New York Times: |
| Ben Berkowitz / Axios: |
| Wall Street Journal: |
Sources: Apple plans to send more iPhones to the US from India to offset the China tariffs, but the situation is too uncertain to upend supply chain investments — Apple plans to send more iPhones to the U.S. from India to offset the high cost of China tariffs, people familiar with the matter said.| Times of India: |
Officials: Apple sent five planes full of iPhones and other products from India to the US in just three days in March's final week to avoid the US' 10% tariff — Apple transported five plane full of iPhones and other products from India to the US in just three days during the final week of March … | Bloomberg: |
| Megan Farokhmanesh / Wired: |
Nintendo of America President Doug Bowser says the company is “actively assessing” the impact of US tariffs, which “weren't factored into” its Switch 2 pricing — Nintendo of America president Doug Bowser tells WIRED the company is still figuring out how to address tariffs … | Logan Plant / IGN: |
| Kyle Wiggers / TechCrunch: |
Meta VP of Generative AI Ahmad Al-Dahle denies a rumor that the company trained Llama 4 Maverick and Scout on test sets, saying that Meta “would never do that” — A Meta exec on Monday denied a rumor that the company trained its new AI models to present well on specific benchmarks while concealing the models' weaknesses.| Matthew Gault / 404 Media: |
Framework pauses sales of its six lowest-priced laptops in the US, saying the models would sell at a loss due to the 10% tariff that went into effect on April 5 — Framework—a company that makes upgradeable and repairable laptops—has said it will pause sales on several versions … | Sam Tobin / Reuters: |
Filing: the UK Investigatory Powers Tribunal confirms Apple is appealing against a UK order to create an encryption backdoor, and says the case can be public — Apple (AAPL.O) is appealing against a British government order to create a “back door” to its encrypted cloud storage systems … | Jaspreet Singh / Reuters: |
Broadcom announces a new share buyback program of up to $10B, set to run through the end of 2025; AVGO jumps 3%+ after hours, after closing up 5.37% on April 7 — Broadcom (AVGO.O) said on Monday it was launching a new share buyback program of up to $10 billion through December 31.| Annie Palmer / CNBC: |
Memo to staff: Shopify's CEO says using AI is now a “fundamental expectation” and that teams asking for more resources must first show why AI can't do the job — Shopify CEO Tobi Lutke is changing his company's approach to hiring in the age of artificial intelligence.| Ryan Whitwam / Ars Technica: |
Google rolls out Search's AI Mode feature to millions more Labs users in the US with multimodal capabilities, letting users ask complex questions about pictures — Google started cramming AI features into search in 2024, but last month marked an escalation.| Vallari Srivastava / Reuters: |
Infineon agrees to acquire Marvell's Automotive Ethernet business, expected to generate $225M to $250M in 2025 revenue, for ~$2.5B in cash, set to close in 2025 — German chipmaker Infineon Technologies (IFXGn.DE) said on Monday it would buy Marvell Technology's (MRVL.O) … | Bloomberg: |
Publishers say site traffic has plummeted since Google rolled out AI Overviews; sources: Google acknowledged the drop in an October 2024 meeting with publishers — In March 2024, website owner Morgan McBride was posing for photos in her half-renovated kitchen for a Google ad celebrating … | The Information: |
Sources: in recent weeks, OpenAI discussed acquiring io Products, a startup Sam Altman has been working on with Jony Ive to develop an AI device, for $500M+ — OpenAI in recent weeks discussed acquiring a startup its CEO Sam Altman has been working on with ex-Apple designer Jony Ive's studio …
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| Jordan Novet / CNBC: |
| Will Knight / Wired: |
| Katie Roof / Bloomberg: |