Shares of technology companies took a hit when a major deal faced uncertainty due to the ongoing U.S.-China tensions. This development has raised concerns about the potential negative impact of the tech trade war on the industry.
VMWare's Deal Delayed
Tesla Faces Challenges with Cybertruck
Tesla's stock experienced a sharp decline as CEO Elon Musk cautioned investors about the difficult and lengthy journey ahead to turn its highly anticipated cybertruck into a profitable venture.
SAP Reports Positive Q3 Results
SAP, the German business-software company, witnessed a surge in share prices as it announced higher revenue and operating profit for the third quarter. The growth primarily stems from the success of its core cloud business.
Klaviyo Stabilizes After IPO
After a period of fluctuation, Klaviyo's shares have settled at their initial-public offering price. This marks the first time since the marketing-automation company's stock began trading.
Taiwan Semiconductor Expects Sales Turnaround
Despite a decline in third-quarter revenue, Taiwan Semiconductor, the world's largest contract chip maker, remains optimistic as it anticipates a turnaround in sales. The increasing demand for artificial intelligence and other applications is expected to drive this growth.