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☆ Stocks making the biggest moves after hours: Disney, Ulta Beauty, Marvell Technology and more
▼ + stars: | 2023-11-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Walt Disney — Shares added about 1% after the entertainment giant reinstated its dividend at 30 cents a share. Ulta Beauty — Ulta Beauty shares surged more than 11% on strong third-quarter results . Marvell Technology topped Wall Street's third-quarter expectations on both the top and bottom lines, posting adjusted earnings of 41 cents per share on $1.42 billion in revenue. The company topped adjusted earnings expectations by 41 cents a share. Revenue topped expectations and management said it expects to return to revenue growth in fiscal 2025.

Persons: Walt Disney, Nelson Peltz, Ulta, Dell Organizations: Marvell Technology, Revenue

☆ Dell's bias towards AI differentiates it from PC competitors, says Simon Leopold
▼ + stars: | 2023-11-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDell's bias towards AI differentiates it from PC competitors, says Simon LeopoldSimon Leopold, Managing Director at Raymond James, gives his expectations for Dell's earnings report.

Persons: Simon Leopold Simon Leopold, Raymond James

☆ Employee burnout at AWS is reminiscent of another top firm's push to get bigger
▼ + stars: | 2023-11-30 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

AdvertisementIn today's big story, we're looking at the growing tension at AWS with rising employee burnout. Just like OpenAI's ChatGPT or Google's Bard, Amazon Q is a generative AI chatbot users can talk to like a human. Amazon Web Services, which developed Amazon Q, announced the new product under the fanfare of its annual event in Las Vegas, AWS re:Invent. Business Insider's Eugene Kim, our resident Amazon expert, has a report on the growing tension and burnout among AWS employees. Jon Krause for InsiderThe burnout at AWS reminds me of another company at the top of its field facing turmoil: Goldman Sachs.

Persons: —, you've, Taylor, Pena Popo, Noah Berger, Bard, Insider's Eugene Kim, ChatGPT, Jon Krause, Goldman Sachs, Goldman, David Solomon, haven't, BI's Dakin Campbell, Bethany McLean, Goldman aren't, Goldman's, Sylvain Gaboury, Patrick McMullan, Slaven, The New York Times Elon Musk, Tesla, They've, Joe Santagato, Elon Musk, Drazen, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Spotify, Getty, Web Services, Microsoft, Goldman, Slaven, The New York Times, Amazon, Business, American Express, Federal, Paris, Paralympic, Kroger, Dell Locations: Las Vegas, Austin , Texas, New York City, San Diego, London, New York

☆ Charlie Munger's last big call was probably right: AI is overhyped
▼ + stars: | 2023-11-29 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Charlie Munger, who passed away Tuesday at the age of 99, had a last big call on AI: it's overhyped. It was counterintuitive, but his last big call could be right: AI is overhyped. Google has now rolled the lab in with another AI division, Google Brain, and no longer explicitly breaks out financials. AI has still to prove out its caseFinally, there's the big question of whether the technology will deliver on its big promises. OpenAI's Altman and other AI CEOs talk very publicly about AI as smart as humans being on the horizon.

Persons: Charlie Munger, —, Warren Buffett, Munger, ChatGPT, OpenAI's, Sam Altman, Altman, There's, OpenAI's Altman, Michael Chabon Organizations: Service, Apple, Costco, Oracle, Microsoft, Ferrari, British, Tobacco, Dell, Google, DeepMind Locations: Berkshire, Omaha, Silicon Valley

☆ Lightning Round: This is Boeing's year, says Jim Cramer
▼ + stars: | 2023-11-28 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: This is Boeing's year, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: CRISPR, Dell, Cencora, T-Mobile, Boeing, Cardinal Health, DoorDash and Macy's

Persons: Jim Cramer, Macy's Organizations: Dell, Mobile, Boeing, Cardinal Health

☆ Cramer's Lighting Round: Buy Boeing
▼ + stars: | 2023-11-28 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Stock Chart Icon Stock chart icon CRISPR's year-to-date stock performance. Stock Chart Icon Stock chart icon Dell's year-to-date stock performance. Stock Chart Icon Stock chart icon Cencora's year-to-date stock performance. Stock Chart Icon Stock chart icon T-Mobile's year-to-date stock performance. Stock Chart Icon Stock chart icon Boeing's year-to-date stock performance.

Persons: it's, Mike Sievert, Cardinal Health's, Tony Xu, Tony Organizations: Dell, Mobile, Boeing, Cardinal Locations: Cardinal

☆ An artist taught 3 'Black Mirror'-style robot dogs to paint – and now they're the stars of an art exhibition
▼ + stars: | 2023-11-27 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Three robots dogs are starting a four-month artist residency in Australia, The Guardian reported. They have their own studio with docking stations where the Boston Dynamics robot dogs can "sleep". AdvertisementThree robot dogs created by Boston Dynamics are part of an exhibition at an art gallery in Australia. Akin to the robot dogs seen in the Netflix hit "Black Mirror", they were first revealed in 2015 and quickly went viral. Agnieszka Pilat trained the robot dogs to paint.

Persons: Agnieszka Pilat, —, Akin, William West, Basia, Vanya, Bunny, Ewan Mceoin, Pilat, Johannes Simon, Da Organizations: Guardian, Boston Dynamics, SpaceX, Service, Netflix, CNN, National Gallery of Victoria, Business, Getty, Fast Company, Design Museum, Engineered Arts Locations: Australia, Melbourne, New York, London, Italy

Best Cyber Monday gaming console deals todayBest Cyber Monday gaming laptop deals todayBest Cyber Monday gaming monitor deals todayBest Cyber Monday gaming controller deals todayBest Cyber Monday gaming accessory deals todayBest Cyber Monday gaming headset deals todayBest Cyber Monday graphics card dealsBest Cyber Monday game deals todayCyber Monday gaming deal FAQsWhat's the difference between a gaming laptop and any other laptop? Small and portable gaming laptops tend to be more expensive and yet disproportionately weaker than their bigger counterparts. For more details and recommendations, check out our guide to the best gaming laptops. Check out our guides to the best gaming mouse and best wireless gaming mouse for our top picks. Gaming laptops and other PC gaming accessories receive some especially big discounts.

Persons: we've, Herman Miller, We're Organizations: Gaming, Logitech, Samsung

Among the best Dell Cyber Monday deals is a $400 discount on the popular Dell XPS 15 laptop, which is great for work or school. Below, we've highlighted some of the best Dell Cyber Monday deals available today. Most Dell deals are available on Dell's official website, Amazon, or Best Buy, so we've linked to whichever retailer has the best price. Don't forget to check out our roundup of all the best Cyber Monday deals for more savings across all shopping categories. Best Cyber Monday Dell desktop dealsBest Cyber Monday Dell laptop dealsBest Cyber Monday Dell monitor deals

Persons: —, We're Organizations: Dell

With that in mind, we're keeping track of all the best Cyber Monday gaming laptop deals right here. Some of the best Cyber Monday gaming laptop deals we've found include the Dell G15, which is one of our picks for the best budget gaming laptop, down to only $1,000. These Cyber Monday gaming laptop deals are set to remain active until midnight, so if you see a discount you like, you should act fast. Best Cyber Monday gaming laptop dealsLowest Price Dell G15 $999.98 $1,299.00 Save 23% With powerful hardware and a vibrantly bright screen, the Dell G15 is one of the best budget gaming laptops on the market. Cyber Monday gaming laptop FAQsIs Cyber Monday a good time to buy a gaming laptop?

Persons: you've, they're Organizations: Dell, Razer, Intel, AMD, Nvidia

Today's a great day to buy pretty much anything, but the best Cyber Monday laptop deals have the potential to save you hundreds of dollars in a single purchase. Some of the best Cyber Monday laptop deals include an all-time low 27% discount on a Dell Inspiron 16, which offers fantastic specs for everyday users, and $300 off the RTX 4070 model of the Asus ROG Strix G16, a powerful and stylish gaming laptop. We also want to shout out a $130 discount on the Acer Chromebook Plus 515, a deal that turns what was already an affordable model into one of the best budget laptops around. The best Cyber Monday everyday laptop dealsThe best Cyber Monday budget laptop dealsThe best Cyber Monday gaming laptop dealsThe best Cyber Monday 2-in-1 laptop dealsCyber Monday laptop FAQsIs Cyber Monday a good time to buy a laptop? Even high-end gaming laptops fall to midrange or budget levels, which makes Cyber Monday pretty much the best time to buy a new laptop.

Persons: Today's, you've, you'll Organizations: Dell, Asus, Windows, Microsoft, Google

☆ 3 things to watch in the stock market as Street aims to extend winning streak
▼ + stars: | 2023-11-25 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

(Treasury yields tend to move inversely to stock prices; as yields fall investors seeking better returns move money back into the stock market). The chipmaker once again came into its quarterly print with super-high expectations on the Street, but once again exceeded them . For this reason, we put more emphasis on monthly economic releases, such as the aforementioned personal spending report. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Dow, Estee Lauder, Einstein, Jim Cramer's, Jim Cramer, Jim, Locker, Jeff Greenberg Organizations: Nasdaq, Federal Reserve, Treasury, Nvidia, Apple, TJX, Bank of Nova, Elbit Systems, Intuit, Hewlett Packard Enterprise, Hormel, Kroger, KR, Academy Sports, TD Bank, Royal Bank of Canada, Dell Technologies, Bank of Montreal, BMO, Jim Cramer's Charitable, CNBC, Universal, Getty Locations: Bank of Nova Scotia, AMBA

The best Black Friday laptop deals run the gamut from budget to high-end models, and have the potential to save you hundreds of dollars. Some of the best Black Friday laptop deals include a 25% off discount on a Dell Inspiron 16, which offers fantastic specs for everyday users; and $300 off the RTX 4070 model of the Asus ROG Strix G16, a powerful and stylish gaming laptop. Most Black Friday laptop deals will run through tonight, November 24, and a few will last through the weekend and to Cyber Monday. The best Black Friday everyday laptop dealsThe best Black Friday budget laptop dealsThe best Black Friday gaming laptop dealsThe best Black Friday 2-in-1 laptop dealsBlack Friday laptop FAQsIs Black Friday a good time to buy a laptop? What's the difference between a Windows laptop and a Chromebook?

Persons: you'll Organizations: Dell, Asus, Windows, Microsoft, Google

Dell Black Friday deals include the Alienware brand as well, meaning both gaming and home office tech are discounted right now. That includes $200 off the Dell Aurora R16, our midrange pick for the best gaming PC, and $300 off one of the best OLED monitors available, the Alienware AW3423DW curved gaming monitor. Below, we've highlighted some of the best Dell Black Friday deals available today, and you can shop every deal on the Dell website, as well as on Amazon. And don't forget to check out our roundup of all the best Black Friday deals for more savings across all shopping categories. Best Black Friday Dell desktop dealsBest Black Friday Dell laptop dealsBest Black Friday Dell monitor deals

Organizations: Dell

That's especially true if you're in search of great Black Friday gaming deals, which include discounts on controllers, mechanical keyboards, consoles, gaming laptops, and more. Some of the best Black Friday gaming deals we've found so far include a $60 discount on a brand-new PS5 slim bundle and a massive $500 discount on a 4K Samsung Odyssey gaming monitor. Best Black Friday gaming console deals todayBest Black Friday gaming laptop deals todayBest Black Friday gaming monitor deals todayBest Black Friday gaming controller deals todayBest Black Friday gaming accessory deals todayBest Black Friday gaming headset deals todayBest Black Friday graphics card dealsBest Black Friday game deals todayBlack Friday gaming deal FAQsWhat's the difference between a gaming laptop and any other laptop? For more details and recommendations, check out our guide to the best gaming laptops. Check out our guides to the best gaming mouse and best wireless gaming mouse for our top picks.

Persons: we've, We're Organizations: Samsung, Friday

That's especially true if you're in search of great Black Friday gaming deals, which include discounts on controllers, mechanical keyboards, consoles, gaming laptops, and more. Some of the best Black Friday gaming deals we've found so far include a $60 discount on a brand-new PS5 slim bundle. These Black Friday gaming deals are all active right now, November 24, and they'll likely run until midnight tonight. Best Black Friday gaming console deals todayBest Black Friday gaming laptop deals todayBest Black Friday gaming monitor deals todayBest Black Friday gaming controller deals todayBest Black Friday gaming accessory deals todayBest Black Friday gaming headset deals todayBest Black Friday game deals todayBlack Friday gaming deal FAQsWhat's the difference between a gaming laptop and any other laptop? Check out our guides to the best gaming mouse and best wireless gaming mouse for our top picks.

Persons: we've, We're Organizations: Friday

New gaming laptops from popular brands like Dell and Asus are seeing massive discounts, and even some high-end models are hitting all-time low prices. Some of the best Black Friday gaming laptop deals we've found include $1,700 off the list price of the Razer Blade 14. And the Dell G15, which is one of our picks for the best budget gaming laptop, is down to only $1,000 — that's a genuine steal. Black Friday gaming laptop deal FAQsIs Black Friday a good time to buy a gaming laptop? For more recommendations about what sort of gaming laptop you might want, check out our guide to the best gaming laptops in 2023.

Persons: you've, they're Organizations: Dell, Asus, Razer, Black, Intel, AMD, Nvidia

☆ Morgan Stanley is bullish on this emerging AI trend — and names 6 stocks to play it
▼ + stars: | 2023-11-23 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

One part of artificial intelligence will have an increasing role to play, according to Morgan Stanley. The theme, which it called "Edge AI," involves running AI algorithms directly on a user's device, be it a smartphone, laptop or wearable, among other things. Edge AI can help save costs, reduce latency (or lag time), among other benefits, Morgan Stanley said. MediaTek Morgan Stanley said MediaTek , the largest chip design house in Asia, is gearing up for Edge AI. Xiaomi Morgan Stanley said Xiaomi is a key beneficiary, given its first-mover advantage in Edge AI.

Persons: Morgan Stanley, Apple Morgan Stanley, Apple, DELL, Dell, MediaTek Morgan Stanley, MediaTek, Qualcomm Morgan Stanley, STMicroelectronics, Xiaomi Morgan Stanley, Xiaomi, — CNBC's Michael Bloom Organizations: Edge, Apple, Dell, PCS, Qualcomm, Hong Locations: Asia, Taiwan, Hong Kong

☆ This tech stock may have disconnected from fundamentals on AI hype. How to bet against it
▼ + stars: | 2023-11-22 | by ( Tony Zhang | ) www.cnbc.com time to read: +2 min

Once a darling of the tech world, Dell stock is up nearly 120% in just over a year. Dell is a prime example of a stock that has recently disconnected from its fundamentals as a result of the hype from AI. Dell reports earnings in a week and I believe this is an opportunity to fade it going into earnings. With implied volatility quite elevated going into earnings, my preference is to be a seller of options and volatility. I'm looking out to the Dec 29 weekly options and selling the $75/82 call vertical for a $2.47 credit.

Persons: Dell Organizations: Dell, DELL

☆ 'Boomerang' CEOs of major companies
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +2 min

Nov 22 (Reuters) - Sam Altman reached an agreement with OpenAI to return as CEO on Wednesday, after a tumultuous few days following his ouster by the company's board. He joins a list of big name "boomerang" chief executives who have made comebacks at a later date. DELL (DELL.N) - MICHAEL DELLMichael Dell founded Dell Inc in 1980s and held the position of CEO until 2004, when he stepped down to serve as chairman. He returned as CEO in 2007 and led the company through the merger with EMC, which resulted in the emergence of Dell Technologies. He returned as CEO in 2023 amid challenges related to UBS's takeover of peer Credit Suisse.

Persons: Sam Altman, OpenAI, Steve Jobs, John Sculley, DELL, MICHAEL DELL Michael Dell, ROBERT IGER Robert Iger, HOWARD SCHULTZ Howard Schultz, JACK DORSEY Jack Dorsey, Evan Williams, Dorsey, SERGIO ERMOTTI Sergio Ermotti, Ralph Hamers, Boleslaw Lasocki, Victor Goury, Milla Nissi, Jane Merriman Organizations: Apple, Dell Inc, EMC, Dell Technologies . DISNEY, NBA, TWITTER, Twitter, UBS, Suisse, Thomson Locations: U.S, Swiss, Laffont, Gdansk

☆ HP forecasts downbeat first-quarter profit amid slow PC market recovery
▼ + stars: | 2023-11-21 | by ( Samrhitha A | ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid Acquire Licensing RightsNov 21 (Reuters) - HP Inc (HPQ.N) on Tuesday forecast first-quarter profit below Wall Street estimates but maintained annual earnings outlook, a sign that demand in the personal computers market is still recovering, sending its shares down nearly 4% after market. HP expects first-quarter adjusted profit per share to be between 76 cents and 86 cents, the midpoint of which was below LSEG estimates of 86 cents. HP maintained fiscal 2024 adjusted profit forecast of $3.25 to $3.65 per share. Sales for HP's personal systems segment — home to its desktop and notebook PCs — fell 8% from a year ago, while its printing segment posted a 3% fall. Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Enrique Lores, Lores, Lenovo, Dell, Samrhitha, Shilpi Majumdar Organizations: Hewlett - Packard, New York Stock Exchange, REUTERS, HP Inc, Wall, Companies, HP, Lenovo, HK, Dell, Microsoft, Thomson Locations: New York, U.S, China, Bengaluru

☆ HP, Dell and Lenovo among 27 firms granted approval to manufacture tech hardware in India under incentive scheme
▼ + stars: | 2023-11-21 | by ( Sheila Chiang | ) www.cnbc.com time to read: +2 min

Chinas Realme closing in on market leaders Xiaomi, Samsung, yet hurdles loom in treacherous market where many stumbled. Under the PLI Scheme 2.0 for IT hardware, which was approved by the government in May, India will provide companies incentives for goods manufactured in the country. The Indian IT hardware market is expected to grow to $22.77 billion in 2027 from $15.52 billion in 2022. "The IT Hardware manufacturing sector faces the lack of a level playing field vis-à-vis competing nations ... There is need for a mechanism to compensate for the manufacturing disabilities vis-à-vis other major manufacturing economies," according to the ministry.

Persons: Chinas, Anindito Mukerjee, Vaishnaw Organizations: Xiaomi, Samsung, Bloomberg, Getty Images, Dell, HP, Lenovo, Asus, Ministry of Electronics, of Railways, Communications, Electronics Locations: Greater Noida, India, Indian

☆ NFL roundup: Lions storm back in fourth, stun Bears
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +10 min

Jared Goff, who threw a season-high three interceptions, engineered two fourth-quarter scoring drives and finished with 236 yards passing and two touchdowns for Detroit (8-2). Wilson completed 27 of 35 passes for 259 yards in the Broncos' fourth consecutive victory. Joshua Dobbs completed 20 of 32 passes for 221 yards, one touchdown and one interception for Minnesota (6-5). Giants 31, Commanders 19Tommy DeVito threw three touchdown passes and the New York defense forced six turnovers in a victory over Washington in Landover, Md. Bills 32, Jets 6Josh Allen threw three touchdown passes and Buffalo avenged a Week 1 loss to New York with a victory in Orchard Park.

Persons: David Montgomery, David Reginek, Jared Goff, Justin Fields, DJ Moore, Goff, Jameson Williams, Sam LaPorta, Aidan Hutchinson, Fields, Russell Wilson lobbed, Courtland, Sutton, Wilson, Joshua Dobbs, Dobbs, Dorian Thompson, Robinson, Dustin Hopkins, Pittsburgh . Thompson, Deshaun Watson, Jaylen Warren, Warren, Kenny Pickett, Dak Prescott, Tony Pollard, Prescott, Carolina's, DaRon Bland, Bryce Young, Young, Jordan Love, Love, Christian Watson, Love's, Jayden Reed, Aaron Jones, Emanuel Wilson, Justin Herbert, Keenan Allen, Joey Bosa hobbled, C.J . Stroud, Stroud, Tank Dell, Devin Singletary, Murray, Trevor Lawrence, Calvin Ridley, Will Levis, Tua Tagovailoa, Jalen Ramsey, Tyreek Hill, Hill, Tagovailoa, Aidan O'Connell, Davante Adams, Antonio Pierce, Tommy DeVito, Isaiah Simmons, Sam Howell, Howell, Saquon Barkley, DeVito, Brock Purdy, Brandon Aiyuk, Purdy, Christian McCaffrey, George Kittle, Tampa Bay's Baker Mayfield, Mike Evans, White, Josh Allen, Joe Brady, Ken Dorsey, Allen, Zach Wilson, Tim Boyle, Boyle, Lucas Havrisik, Geno Smith, Jason Myers, Kenneth Walker III, Cooper, Smith, Matthew Stafford, Royce Freeman Organizations: Detroit Lions, Chicago Bears, Ford Field, Bears, Detroit, Chicago, Broncos, Vikings, Courtland Sutton, Denver, Minnesota, Browns, Steelers, Pittsburgh, UCLA, Cleveland, Cowboys, Panthers, Dallas, Carolina, Packers, Chargers, Los, Green, Texans, Cardinals, Houston, Arizona, Jaguars, Titans, Jacksonville, Tennessee, Dolphins, Raiders, Miami, Las Vegas, Miami Gardens, NFL, Las, Giants, New, Washington, 49ers, Buccaneers, Tampa, Bills, Jets, Buffalo, AFC East, Miami . New, Rams, Seahawks, Seattle, Thomson Locations: Detroit , Michigan, USA, Montgomery, Cleveland, Charlotte, N.C, Green, Los Angeles, Angeles, Miami, Fla, Tyreek, Las Vegas, New York, Landover, Md, DeVito, Francisco, Tampa Bay, Santa Clara, Calif, Tampa, Orchard Park, Miami . New York, Inglewood , Calif

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Amazon, Boeing, Tesla, Dell, Microsoft & more
▼ + stars: | 2023-11-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Raymond James reiterates Nvidia as strong buy Raymond James said it's bullish heading into Nvidia earnings on Tuesday. Bernstein reiterates Tesla as underperform Bernstein said it's standing by its underperform rating on Tesla as EV growth is slowing. JPMorgan upgrades Dutch Bros to overweight from neutral JPMorgan said the coffee chain has "strong available liquidity" to continue to grow. " JPMorgan downgrades Krispy Kreme to neutral from overweight JPMorgan downgraded the stock mainly on valuation. " Melius initiates Dell as buy Melius Research initiated Dell with a buy and said it's an "inexpensive" way to play AI.

Persons: Wolfe, ChargePoint, Jefferies, it's bullish, Raymond James, it's, Stifel, Wells, Bernstein, Tesla, underperform Bernstein, BTIG, Morgan Stanley downgrades Chegg, Morgan Stanley, LT, Hewlett Packard Evercore, Goldman Sachs, Krystal, Goldman, Penn, Energizer, Sherwin, Williams, Dell, Oppenheimer, OpenAI's Sam Altman, Sam Altman Organizations: Cedar Fair, SIX, Nvidia, Resources, MNR, ARM, Acorn, Apple, JPMorgan, Deutsche Bank, Boeing, Deutsche, Bros, Brands, Hewlett, Krystal Biotech, " Bank of America, of America, ESPN, PENN Entertainment, ESPN Bet, Citi, UBS, Kosmos Energy, Bank of America, CSN, HSBC, Caterpillar, BMO, Wedbush, Research, Microsoft Locations: NVDA, China, ENR, Brazil, Australia, Vale, 2024e

☆ India grants incentives for Dell, HP, Foxconn to make IT hardware locally
▼ + stars: | 2023-11-18 | by ( ) www.reuters.com time to read: +1 min

3D printed clouds and figurines are seen in front of the Dell logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsMUMBAI, Nov 18 (Reuters) - The Indian government has approved investments by 27 companies including Dell (DELL.N), HP (HPQ.N) and Foxconn (2317.TW) under its $2 billion incentive scheme to manufacture IT hardware domestically. Information technology minister Ashwini Vaishnaw said the companies are expected to invest 30 billion Indian rupees ($360 million) collectively, while creating 50,000 jobs in the sector. Approvals have also been granted to domestic manufacturers including Dixon Technologies (DIXO.NS) and VVDN, the minister said. The government had in May doubled the value of the incentive scheme to spur domestic production of laptops and tablets, following a lukewarm response to a previous programme.

Persons: Dado Ruvic, Ashwini Vaishnaw, Munsif Vengattil, Ira Dugal, Kirsten Donovan Organizations: Dell, REUTERS, Rights, HP, Dixon Technologies, Thomson Locations: Rights MUMBAI

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