Where Have All The Conservatives Gone?

China's YMTC Is Now World's 3rd Biggest Flash-Memory Supplier With 14% Market Share Earlier today we reported that China's highly touted DRAM memory maker CXMT recently surpassed Tencent to become China's most valuable company. That may be just the start, because hot on the heels of the biggest Chinese IPO this decade, comes that "other" Chinese memory maker, Yangtze Memory Technologies Corporation (YMTC) which has now broken into the world’s top three NAND flash memory suppliers by volume for the first time, marking a milestone for China’s semiconductor ambitions as it strives...

SaaSpocalypse Is Back: IBM Crashes Most Since 1987 As Customers Abruptly "Shift CapEx Spending" IBM shares plunged almost 20% in premarket trading, putting the stock on track for its worst intra-day collapse since Oct. 19, 1987. Worse than the Dot Com crash... The catalyst for the selloff was IBM CEO Arvind Krishna's letter to investors outlining preliminary second-quarter results. Here is what's key: IBM CEO: DID NOT ANTICIPATE MAGNITUDE OF CAPEX REPRIORITIZATION Traders were likely caught off guard by a 7% decline in infrastructure revenue, raising new concerns about demand across one of IBM's key...

The Pentagon is reportedly drafting a new nuclear strategy that’s expected to emphasize the use of tactical nuclear weapons to give the president more “options” in a potential nuclear conflict. The strategy, first reported by NBC News, is being drafted by the Pentagon’s policy chief, Elbridge Colby, who for more than a decade has called […]