Anusuya Lahiri

Anusuya Lahiri

Benzinga Editor

About
Anusuya, MS. Finance (Icfai), is an Editor of the Benzinga Breaking News Briefs team covering the U.S. Tech sector. She has been a part of the industry for 13 years. Anusuya resides in Kolkata, West Bengal, India.
Western Digital Analyst Highlights Growth in Nearline Drive and NAND Market Recovery, Upgrades Stock
Analyst Mark Miller upgraded Western Digital Corp (NASDAQ: WDC) to Buy with $85 PT, citing strong results and projected growth in NAND and Nearline sales.
Roku Analysts Vouch for the Must-Advertise Platform, Albeit Seek Revenue Upside to Get More Constructive
Roku's Q1 earnings exceeded expectations and provided upbeat guidance, leading analysts to lower price targets but maintain positive outlook.
Salesforce's AI Innovations, Partner Network Expansion Impress Analyst
Mizuho analyst reiterates Buy rating on Salesforce with $345 price target. AI-focused event announced new features and potential for monetization.
AMD and Samsung Partner To Boos MI350 Chip Capabilities with Advanced Memory Tech
Samsung Electronics to supply 12-layer HBM3E DRAM worth $3 billion to AMD for its MI350 data center chip, while also purchasing AMD GPUs.
Charter Communications Loses Residential Internet Customers In Q1, Reports Sharp Drop In Video Subscriptions
Charter Communications reported slow revenue and EPS growth, with stock price dropping. It lost customers and had higher expenses, but maintained outlook.
Software Provider Roper Tech Boosts Annual Outlook Following Q1 Performance: The Details
Roper Technologies (NASDAQ: ROP) beat revenue and EPS estimates in Q1 2024, with a 14% Y/Y revenue growth and increased profits. FY24 outlook positive.
Apple Strengthens Supply Chain in China While Growing Presence in Southeast Asia and India
Apple deepens involvement with China and expands production in Southeast Asia and India, balancing political pressures and business needs.
Paramount-Skydance Merger Talks Heat Up
Paramount Global (PARA) & Skydance Media are moving towards a $5B merger, led by David Ellison's Skydance & private equity firms. Ellison to be CEO, ex-CEO to leave. Alternative options explored. Apollo & Sony in talks for buyout. PARA stock up 9.9% to $12.04.
Meta's Threads Enhances User Control with New Features
Meta's Threads introduces Hidden Words feature to filter offensive and unwanted content from feeds and mentions, following Hinge's lead.
MicroStrategy's Accounting Problem For Bitcoin Poses Profit Conundrum - Analyst Lays Out Answers
Analyst reaffirms Buy for MSTR with $1875 target. Company's bitcoin strategy led to 10x stock increase, but ASC 350 caused impairment losses.
AI Is Going Well For Microsoft, But Cybersecurity Is Not
Microsoft faces security challenges as recent attacks have shaken trust in the company. With emphasis on AI and cloud, analysts are optimistic.
Silicon Laboratories Poised for Growth, Eyeing Strong IoT Expansion: Analyst
Analyst upgrades Silicon Labs, citing favorable position in semiconductor cyclical recovery and improving end market demand. $150 price target.
Amazon's AWS Mega Investment Marks Indiana's Biggest Capital Infusion Ever
Amazon Web Services (AWS) investing $11B in Indiana to create 1,000 jobs. AWS leads the global cloud market and plans to expand in Southeast Asia.
Micron's $6.1B CHIPS Act Funding Propels Major Expansion In US
Micron Technology announced $6.1 billion funding under CHIPS and Science Act for leading-edge memory manufacturing in Idaho and New York, with potential job creation of 75,000 over 20+ years. Stock up 92% in past year.
ASE Technology Falls Short Of Revenue Goals, Delivers Mixed Q1 Results
ASE Technology reported net revenue growth of 1.5% Y/Y and decline of 17.3% Q/Q. Gross margin increased and diluted EPS missed consensus. Stock up 44% in 12 months.
Intel Spinoff Mobileye Revenue Falls Amid Supply Chain Reset, CEO Optimistic About Recovery
Mobileye reported Q1 2024 revenue of $239M, beating consensus of $231.56M. Adjusted EPS missed consensus at $(0.07). FY24 outlook reiterated, stock down 31%
Check Point Software's Products and Licenses Revenue Falls In Q1, Stock Slides
Check Point Software Technologies reported Q1 revenue of $598.80M (6% growth YoY), beating estimates. Adjusted EPS of $2.04 also beat consensus. The company's operating margin remained at 42%. Check Point stock gained 28% in the last 12 months.
Nvidia Bolsters AI Unit With $700M Deal For Israeli Firm Run:ai
Nvidia announced acquisition of Israeli startup Run:ai for $600-700 million, expanding its AI workload management platform and R&D operations.
Not All Chipmakers Are Doing Great; STMicroelectronics Lowers Annual Outlook After Q1 Performance
STM reported 18.4% revenue decline in Q1 2024, missed consensus estimates. Margins decreased and outlook for Q2 and 2024 is lower than expected.
Oracle Targets Nashville for New Global HQ, Aiming to Enhance Healthcare Focus
Oracle relocating HQ to Nashville, TN to strengthen ties with healthcare industry. Stock up 23% in past year. Plans to invest in Japan's cloud boom.