Business headlines from the Apex backend, organized by sectors and major public companies for faster market scanning.
The expansion of Broadcom’s custom-chip partnership with Apple was cited as a relief for chip-market investors seeking more visibility into long-duration demand, as AMD and Intel also gained early in the session.
THE APEX TIMES
THE APEX TIMES
In a sign of how strongly NVIDIA’s business is generating cash, recent reporting points to record operating cash flow and sharply higher shareholder returns, backed by ongoing demand for its AI data center platforms.
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Broadcom said it will expand a custom chip supply and development partnership with Apple through 2031, extending a long-running supplier relationship that helps Apple differentiate iPhone and other products with its own silicon designs.
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Microsoft is preparing a reorganization of its Xbox business that would eliminate about 3,200 jobs and reduce studio holdings, according to a report published Monday. The company is trying to redirect resources toward growth in gaming as the segment faces competitive and profitability pressures.
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A surge tied to artificial-intelligence linked trading has pushed two of the largest emerging-markets exchange-traded funds in different directions, underscoring that “nearly interchangeable” funds may track meaningfully different risk when leadership shifts.
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Microsoft said it will cut roughly 20% of Xbox staff through fiscal year 2027 and spin off four gaming studios, as the company reshapes its gaming operation and launches further cost reductions.
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The deal would combine ITV’s free-to-air channels and its ITVX streaming service with Sky’s pay-TV platform, aiming to defend British advertising and programming as viewers shift toward global streaming giants.
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A new market note argues the AI buildout is pushing demand deeper into the chip stack, pointing to Micron, Credo Technology, Amkor Technology and Texas Instruments as alternative ways to participate in the AI hardware cycle.
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The agreement is intended to secure memory and storage components for vehicles, as automakers and chipmakers push to stabilize inputs for next-generation models.
