The Latest Breaking News from Nasdaq

Taiwan Semiconductor Manufacturing Co (NYSE:TSM) shares edged higher Wednesday, rebounding from losses triggered by Washington’s decision to revoke the chipmaker’s authorization to freely ship critical equipment to its Nanjing, China, facility.

Chicago-based Portillos hit a new 52-week low on Tuesday, the 27th in the past 12 months. Down 27% in the past month alone, it now trades at a three-year low and well below its October 2021 IPO price.

With the cloud growth engine quietly roaring and regulatory threats receding, Alphabet Inc's (NASDAQ:GOOGL) (NASDAQ:GOOG) identity as a search giant via Google, is being rewritten. Its cloud narrative is gaining strength – one that has Microsoft Corp (NASDAQ:MSFT) watching closely as the field reshapes.

The company trades under the ticker ABTC.

Amazon.com (NASDAQ:AMZN) extended its annual Prime Day sales event to four days this year, delivering record sales. Yet internal data reviewed by Reuters shows that U.S. Prime membership sign-ups fell short of both last year’s totals and the company’s own targets.

In the escalating AI hardware arms race, Nvidia Corp (NASDAQ:NVDA) may hog the spotlight—but Broadcom Inc (NASDAQ:AVGO) is quietly firing back with smart silicon and hyperscaler-grade networking gear, setting up a surprisingly fierce head-to-head battle in the datacenter compute arena.

U.S. stock futures were mostly higher this morning, with the Nasdaq futures gaining around 150 points on Wednesday.

The Q3 earnings cycle will produce stronger results than what is forecasted in early September, driven by AI and resilient consumers.

Marvell Technology (NASDAQ:MRVL) said Tuesday its Structera Compute Express Link (CXL) memory-expansion controllers and near-memory compute accelerators have successfully completed interoperability testing, marking a key milestone for the product line.