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Marvell, Google Deepen Ties in AI Chip Race | Bloomberg Tech 8/19/2026
Bloomberg Technology· 2026-08-19 18:02
>> "BLOOMBERG TECH" HIS LIVE FROM THE HEART OF SILICON VALLEY, WITH ED LUDLOW IN SAN FRANCISCO. ED: THIS IS "BLOOMBERG TECH." MARV L AND GOOGLE EXPAND THEIR PARTNERSHIP FOR CHIP DEVELOPMENT, GIVING THE SEARCH GIANT THE RIGHT TO BUY AS MUCH AS $12 BILLION IN STOCK. SK HYNIX PLANS TO BUY BACK $29 BILLION OF SHARES AND RETURN MORE PROFITS FOR INVESTORS TO STABILIZE ITS STOCK AFTER FALLING MORE THAN 50% IN TWO MONTHS.AND ESTRADA FREEZES $100 MILLION -- AND A STARTUP RAISES $100 MILLION TO BRING NUCLEAR FUSION E ...
Jim Cramer talks strength beneath the surface in the economy
CNBC Television· 2026-08-18 23:55
Market Trends & Macro Economy - Dow slipped 116 points, S&P declined 0.69%, and NASDAQ tumbled 1.33% amidst a market sell-off [3] - NASDAQ experienced the most short positions ever recorded [16] - Brent oil stabilized around $91, with expectations not to skyrocket past $100 [10][11] - 30-year bond yields offered attractive returns between 5.28% and 5.5% for long-term investors [13] Industry Dynamics & Corporate Performance - Home Depot achieved its best quarter in five years, driven by a 13% to 16% strengthening in merchandise units [18] - Toll Brothers reported stronger revenues, home sales, and margins despite rising interest rates [23] - Technology and semiconductor sectors faced a sell-off, though data center memory chip demand remained scarce [15][17] - Major tech stocks like Meta, Google, Apple, Tesla, and Microsoft experienced muted performance [15]