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.
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.
Taiwan Semi Sets 2026 Launch for A16 Chip Technology, Aiming to Outpace Intel in Speed
TSMC announced new chip manufacturing technology A16 will start production in 2026, challenging Intel. Stock gained 62% in last 12 months.
Spotify Stock Sheds All Gains After Q1 Earnings, But Analysts Are Impressed With the Performance
Spotify reported strong Q1 earnings with revenue of $3.95B, beating expectations. Analysts raise price target and predict growth in 2024.
AI Server Market Is Expanding Rapidly - Analysts Highlight Super Micro Computer's Importance In The Game
KeyBanc analyst Thomas Blakey initiated coverage on Super Micro Computer Inc (NASDAQ:SMCI) with a Sector Weight rating.
Samsung's Latest 3D NAND Memory Chips Transform AI Data Centers and Mobile Devices
Samsung starts mass production of 286-layer NAND flash memory chips, with 33% faster data speeds and 10% lower power consumption. Big tech companies like Alphabet and Apple are major customers.
Rogers Comm's Q1 Earnings Exceed Expectations Driven by Wireless Strength
Rogers Communications Inc reported strong Q1 2024 results, with revenue up 28% and EPS beating expectations. It also declared a quarterly dividend.
Silicon Labs 'Still In Early Stages Of Recovery,' CEO Says Citing Sharp Revenue Drop
Silicon Laboratories reported fiscal first-quarter 2024 sales of $106.4 million, down 56.9% year-over-year.
TE Connectivity Beats Q2 Earnings Estimates, Sees Growth in Orders Across All Segments
TE Connectivity reported Q2 2024 net sales of $3.97B, down 5% Y/Y but beating consensus. EPS of $1.86 also beat consensus. Orders were $4B, up 6% Q/Q. Company expects Q3 net sales of $4.0B and EPS of $1.85. Stock gained 12% in last year. Exposure through SHOC and MOTO ETFs. TEL trading lower at $142.00 premarket.
Amphenol Stock Gains After Q1 Print, What's Going On?
Amphenol Corp. (NYSE: APH) reported 9% sales growth to $3.256B and $0.80 EPS, beating consensus. Board approved $2B stock repurchase plan.
AT&T's Q1 Operating Cash Flow and Free Cash Flow Got A Boost - Does It Make A Case For Higher Dividends?
AT&T reported Q1 operating revenues of $30.03B, down 0.4%, missing consensus of $30.54B. Adjusted EPS of $0.55 beat consensus of $0.54. Mobility segment saw 741K wireless net adds. AT&T reiterated FY24 outlook of Wireless service revenue growth of 3%, Broadband revenue growth of 7%+, and adjusted EPS of $2.15-$2.25.