Sony reports 7% drop in annual profit as PlayStation 5 sales miss trimmed target

Sony said sales of its flagship PlayStation 5 console totalled 20.8 million in the fiscal year…

Nvidia supplier SK Hynix reverses losses in first quarter on explosive AI demand

SK Hynix Inc. signage at the company’s office in Seongnam, South Korea, on Monday, April 22,…

China’s biggest chipmaker SMIC posts record 2022 revenue but warns of a tough year ahead

SMIC’s 14nm chip yield has reached industry production level. Future Publishing | Getty Images China’s biggest…

Nintendo cuts sales forecast for its ageing Switch console after disappointing holiday season

Nintendo said its Pokémon Scarlet and Pokémon Violet games for the Nintendo Switch hit an all-times…

SoftBank’s Vision Fund posts fourth straight quarter of losses as tech slump hits Japanese giant

SoftBank’s Vision Fund, the brainchild of the company’s founder Masayoshi Son, has faced a number of…

Morgan Stanley’s Mike Wilson warns there’s a group of stocks that are riskier than growth shares

Morgan Stanley’s Mike Wilson is telling investors to avoid a popular trade tied to the economy.…

‘Outright negative’ on stocks: JPMorgan’s Marko Kolanovic braces for correction, hard landing

JPMorgan’s Marko Kolanovic is abstaining from the early 2023 rally. Instead, the Institutional Investor hall-of-famer is…

Memory prices to weigh on profit

Samsung has faced pressure from plunging memory prices which has impacted its key profit driving DRAM…

China risks loom over U.S. tech giants Tesla and Apple as share prices plunge

Apple and Tesla are facing major headwinds in China which is contributing to investor jitters around…

TSMC bucks broader chip slump with 50% revenue surge, helped by Apple iPhone orders

TSMC has bucked a slowdown in areas of the chip market in the face of rising…