Stock Market Risks Pile Up

The gap between ordering a chip and delivery is still growing

Delta cases. Inflation. Fed tapering. China’s crackdown. These are among the reasons why investors could soon get more nervous about this stock market.

The S&P 500 hit another record on Friday after Jerome Powell’s dovish taper speech reassured investors. However, the mood seems more cautious compared with a few weeks ago, when companies were in the middle of a record-setting earnings season.

All the concerns boil down to one big debate: Has the recovery from the pandemic already peaked? That’s a question that will only be answered in the months ahead. For now, investors say they’re scouring through management commentary and economic data for any hint about what’s to come.

https://finance.yahoo.com/

Google presents a new chip for smartphone

The new chip is designed to bolster artificial-intelligence technology

Google is making a bigger bet on smartphones by joining rivals Apple Inc. and Samsung Electronics Co. in designing the device’s most critical component in-house: the main processor.

The Alphabet Inc. company said on Monday that its upcoming flagship phones, the Pixel 6 and Pixel 6 Pro, will include new Tensor chips when they go on sale later this year. Google had previously used Qualcomm Inc. processors in all of its Pixel phones since the first models launched in 2016. The new chip is designed to bolster artificial-intelligence technology and improve both speech recognition and the processing of photos and video.

The new component will be Google’s first system-on-a-chip — technology that integrates the device’s key elements. Designing these kinds of processors takes years and is a massive investment, financially and in terms of resources. In order for such an undertaking to yield returns, Google’s future Pixel phones will likely have to sell better than previous models.

https://www.bloomberg.com/