Blogs -Top Tech Stock News: 7 Things You Missed This Week (13-Sep-2019)

Top Tech Stock News: 7 Things You Missed This Week (13-Sep-2019)


September 13, 2019

author

Beth Kindig

Lead Tech Analyst

1. Uber Announces New Layoffs Amidst Financial Difficulties

Uber recently announced another round of layoffs this Tuesday. The multinational transportation network company plans to let go of 435 people from its product and engineering team, or 8% of the total workforce.

The layoff was the result of Uber’s poor second quarter performance, which included around $5.2 billion in net losses.

“While certainly painful in the moment, especially for those directly affected, we believe that this will result in a much stronger technical organization,” an Uber spokesperson said.

The planned layoffs will not only affect Uber personnel in the United States, however. Regional offices in Europe, Africa, the Middle and the Asia-Pacific region, will also be affected.

According to Uber, 85% of the personnel to be laid off are in the United States, while 10% are in the Asia Pacific region. The remaining 5% will come from Europe, Africa and the Middle East.

https://www.theverge.com/2019/9/10/20859413/uber-job-layoffs-announcement-engineering-product-profit

2. Nvidia fights AMD’s GPUs with the GTX 1160 Super

According to rumors, Nvidia is planning to launch a new and improved variant of the GeForce GTX 1660 graphics card. Although the company has yet to release any concrete information about their new product, it is expected to have a transfer rate of around 14Gbps as well as better memory. It is also expected to cost around $300.

Nvidia’s new graphics card is also rumored to be part of their new strategy against AMD. When released, the new GTX 1660 is expected to compete with AMD’s Radeon RX590 and other similar graphics cards. More importantly, it will also draw in the ray-tracing fans, which AMD does not seem interested in, and allow Nvidia to take back certain portions of the budget gamer market.

https://www.digitaltrends.com/computing/rumors-suggest-nvidia-release-geforce-gtx-1660-super-gpu/

3. German Government to Invest in IBM’s Quantum Computing Research

IBM is about to receive $717 million dollars worth of investment from the German Government. IBM announced that it will install a new “Q System One” quantum computer (the first of its kind in Europe) at one of their German facilities, and will partner with the Fraunhofer Gesellschaft research institute to ‘support the transition of quantum technologies from basic research into market ready applications.’

Quantum Computing has the potential to be used for molecular modeling, physics, machine learning, chemical simulations and data recovery. According to reports, the goal of the new partnership is to develop a ‘research community’ for quantum computing in Germany, and to act as a catalyst for “Europe’s innovation landscape and research capabilities.”

4. Facebook and Google’s Growing Anti-Trust Problems

Last Friday, the Attorney General of New York announced that she and seven other states as well as the District of Columbia will join together to launch new antitrust investigations into Facebook.

The announcement was soon followed by 50 attorney generals from 48 states, including Puerto Rico and DC, announcing that they will soon join Texas Attorney General Ken Paxton in investigating Google.

Presently, two of the biggest tech platforms in the world are now facing 2 Congressional, 6 state and local, and 8 federal anti-trust investigations. While the reasons behind the investigations may vary(political bias and privacy issues among them), anti-competitive behavior seems to be the unifying theme for most of parties.

Facebook and Google have been accused of bias and anti-trust violations before, from accusations of Russian collusion to political censorship, and they have managed to survive such accusations relatively unscathed. However, these recent developments may prove devastating for the two tech giants.

https://www.theverge.com/interface/2019/9/10/20858028/google-antitrust-investigation-state-attorneys-general-facebook

5. Apple’s iPhone 11 is Here

Apple recently unveilied the iPhone 11 Pro, the 11 Pro Max and the iPhone 11 itself. The new iPhones boast several impressive improvements over their predecessors (the iPhone XS, the XS Max and the XR respectively), including better battery lives, improved camera systems as well as optimized hardware. The 11 Pro and 11 Pro Max also feature better cameras, including three cameras on the back as well as better battery life compared to older models.

Apple CEO Tim Cook also reported that the new Pro Models are the “most powerful and most advanced iPhones we have ever built, with a stunning design.”

The downside? They are more expensive than their predecessors. The 11 Pro starts at $999, while the 11 Pro Max starts at $1,099. Only the iPhone 11 is cheaper at $699 compared to its predecessor (the iPhone XR costs $749).

The new phones will be available for pre-orders this Friday and available for sale on September 20.

https://edition.cnn.com/2019/09/10/tech/iphone-11-apple-event/index.html

6. Verizon’s 5G Ultra Wideband Network to Be Used for Testing Driverless Cars

Verizon is working with Mcity at the University of Michigan to explore and enhance transportation safety and automated vehicles. The partners are developing 5G solutions for automated and connected vehicles.

The new technology will also be used on traffic lights, cameras and intersections in order to enhance traffic safety and prevent various kinds of accidents.

Verizon also chose 5G for this project because it offers great bandwidth, super-fast speeds as well as low latency, all of which are ideal for automated vehicles and traffic technology.

The resulting applications will be tested on the Mcity Test Facilities 32 acre site. Outdoor laboratory equipment will also be used to simulate different problems and contingencies that vehicles often encounter in urban and sub-urban environments.

https://www.verizon.com/about/news/verizon-5g-ultra-wideband-university-michigan

7. Netflix No Longer the Leading Bandwidth Consuming Application

Netflix used to be the biggest application in terms of bandwidth consumption however, it was recently dethroned by web based media streaming apps. The report comes from the 2019 Global Internet Phenomena Report from Sandvine, a company which specializes in bandwidth-management systems.

According to the report, HTTP media streaming services represented around 12.8% of all downstream internet traffic in the world during the first half of 2019, while Netflix only accounted for 12.6%.

Despite these numbers, however, Netflix’s declining share of bandwidth consumption does not mean that people are consuming fewer Netflix videos. It simply means that the relative share of traffic delivered over internet networks has changed. Moreover, there’s also the fact that Netflix’s video streaming services are becoming more and more efficient, which means that it is consuming less bandwidth per stream compared to other services.

Netflix Bandwidth Consumption Eclipsed by Web Media Streaming Applications

head bg

Get a bonus for subscription!

Subscribe to our free weekly stock
analysis and receive the "AI Stock: 5
Things Nobody is Telling you" brochure
for free.

More To Explore

Newsletter

Bitcoin price chart signaling potential top despite favorable crypto news

Why Bitcoin’s Bull Run May Be Nearing a Top Despite Pro-Crypto Tailwinds

Since calling the Bitcoin bottom near $16,000 in late 2022, the I/O Fund has maintained a disciplined, contrarian approach — issuing 13 buy alerts before Bitcoin surged above $100,000. Now, signs sugg

May 09, 2025
S&P 500 hits key 2025 target as bond market and consumer trends signal rising volatility and shifting stock-bond correlation.

2025 Market Outlook: Why Stocks and Bonds Are Signaling More Volatility

As the S&P 500 reaches a key bounce target, troubling signs in bonds and consumer behavior suggest this market rally may be on thin ice. I/O Fund’s Knox Ridley explains why volatility may intensify an

May 02, 2025
Illustration of an investor holding an umbrella, shielding from stock market volatility.

The Impact of Tariffs on the Stock Market: Q1 Preview

Rising tariffs are injecting significant uncertainty into the stock market, triggering daily volatility and forcing analysts to revise earnings estimates. Our Q1 preview dives into the potential impac

April 25, 2025
Aerial view of Tesla's new Model Y Juniper parked in lines. Courtesy of Tesla, Inc.

Tesla Stock Faces Recalibration of Growth Expectations

Tesla’s stock is now facing a recalibration of expectations after Q1’s delivery report missed by a wide margin. Q1’s analyst consensus has gone from $25.98B at the start of the year to $23.97B in earl

April 17, 2025
an illustration of a government building, constrained by heavy chains, with a volatile stock chart displayed above.

The Fed Can’t Save This One: Why Bonds May Break the Stock Market in 2025

In early 2025, as markets rallied to new highs, we warned that divergence across key sectors signaled a looming correction. Now, with all major indexes in a technical bear market and bond market dysfu

April 11, 2025
Silhouette illustration of Larry Ellison, Oracle's CTO and executive chairman.

Oracle Stock Outlook: Revenue Could Double by FY2029, yet Targets Seem Lofty

Late in 2024, Oracle outlined an ambitious plan to nearly double its revenue by fiscal 2029, hinging on long-term growth in enterprise AI and cloud spending. Oracle sets itself apart from its hypersca

April 04, 2025
Graphic showing I/O Fund's "210% Cumulative Returns" with financial charts and a world map in the background.

I/O Fund Reports 210% Cumulative Return -- Ranking Above Wall Street's Best

In 2024, I/O Fund posted a 35% return, significantly outperforming popular tech ETFs, which recorded an 8% return over the same period. On a cumulative basis, the results translate to a remarkable 219

March 31, 2025
Chart showing retail investor losses compared to institutional investors, highlighting market volatility and the impact of high-frequency trading.

The Harsh Truth: Retail Investors Take the Brunt of Market Losses

Retail investors face significant disadvantages in the stock market, often underperforming institutional investors by a wide margin. Studies show that high-frequency trading firms dominate market acti

March 28, 2025
Illustration of a futuristic AI data center featuring NVIDIA’s GB200 Superchip

NVIDIA’s GB200s for up to 27 Trillion Parameter Models: Scaling Next-Gen AI Superclusters

Supercomputers and advanced AI data centers are driving the AI revolution, enabling breakthroughs in deep learning and large-scale model training. As AI workloads become increasingly complex, next-gen

March 21, 2025
illustration of NVIDIA Blackwell Ultra chip with a glowing AI brain above it.

NVIDIA Blackwell Ultra Fuels AI & HPC Innovation, Efficiency and Capability  

NVIDIA’s latest Blackwell Ultra GPU, unveiled at NVIDIA GTC 2025, is transforming AI acceleration and high-performance computing (HPC). Designed for the “Age of Reasoning,” these cutting-edge GPUs del

March 21, 2025
newsletter

Sign up for Analysis on
the Best Tech Stocks

https://bethtechnology.cdn.prismic.io/bethtechnology/e0a8f1ff-95b9-432c-a819-369b491ce051_Logo_Final_Transparent_IOFUND.svg
The I/O Fund specializes in tech growth stocks and offers in-depth research for Premium Members. Investors get access to a transparent portfolio, a forum, webinars, and real-time trade notifications. Sign up for Premium.

We are on social networks


Copyright © 2010 - 2025