Blogs -Top Tech Stock News: 7 Things You Missed This Week (4-Oct-2019)

Top Tech Stock News: 7 Things You Missed This Week (4-Oct-2019)

October 04, 2019


Beth Kindig

Lead Tech Analyst

1. Uber and Lyft Face Increasing Investor Skepticism

After weeks of controversy and poor earnings, it’s no surprise that Uber and Lyft are now facing scepticism from investors. Uber shares recently closed at $29.15, whereas Lyft shares recently closed at $39.57, slightly below from their previous lows of $30.29 and $40.84 respectively. The new all-time lows represent the pessimistic sentiments of many investors, despite assurances from both firms that they will be able to bounce back from their various problems.

However, both Uber and Lyft are not the only ones affected by the growing scepticism. Investors are also questioning the viability of billion dollar market caps of large companies that recently went public. Unlike traditional tech companies, which primarily produce software, newer tech IPOs, like Lyft and Uber, offer different types of services, many of which face growing scepticism among many investors.

2. Sony Reduces the Price of Playstation by Half; Starts Streaming Game Services

Sony is upping the ante. Starting next Tuesday, the cost of a PlayStation subscription will be cut in half to $9.99 per month. According to Sony, the new price policy was driven by the need to provide a service that is “comparable to other entertainment streaming services on the market.”

Sony’s decision to cut its streaming prices in half reflects a general trend among entertainment and gaming companies to cater to the streaming market. From music and movies to TV shows and video games, streaming services are the driving medium of sales on phones, tablets, laptops and consoles.

Moreover, the popularization and development of streaming services has led many consumer demographics to drop older cable and gaming services in favor of streaming solutions, leading to the growth of well-known streaming brands, such as Disney, Amazon and most notably Netflix.

Sony’s decision to cut the cost of its Playstation streaming service reflects the growth of other similar services in the games and entertainment industries.

3. AMD Announces New Ryzen Pro 3000 Series CPUs For 4th Quarter

AMD recently announced that their 3rd generation Pro processors will be available for purchase this 4th quarter. The new Pro CPUs were designed for both small business and commercial desktop computers, and they will feature up to 12 cores.

The new Ryzen Pro CPUs were supposedly based on the Zen 2 “Matisse” microarchitecture, introduced earlier this summer. They will also support all of AMD’s Pro-series features, such as the TrustZone security Processor, DASH manageability, Secure Boot, Content Protection and more.

Additionally, AMD also has a little something for streamlined PCs that prioritize integrated graphics over CPU cores. Their new Ryzen 3000 Pro APUs will feature the quad-core Ryzen 5 Pro and Ryzen 3 Pro as well as the dual-core Athlon Pro 3000-series CPUs, all of which include the integrated Radeon Vega graphics

4. Amazon’s New Echo Devices Add Virtual Assistants in Glasses, Jewelry and Even in Your Ear

Amazon takes another step towards Sci-Fi with its Echo devices. The new products will allow Amazon to install Alexa into common accessories, such as glasses and rings, and even inside people’s ears.

One of the Echo devices, Echo Studio, is a music-focused speaker that is capable of playing high definition audio. Another device – the Echo Flex – puts Alexa inside a plug that can be attached into locations where large speakers don’t fit.

If you want to put Alexa in your ring, there’s the Echo Loop ring accessory, which is designed to do just that. And for those of you who need to wear glasses, there are now Amazon glasses which are voice controlled and operated.

According to Amazon representatives, the new devices were designed to “make your home smarter and safer, keep family and friends connected, and bring your favourite entertainment to you, wherever you are.”

Amazon adds wearables to voice-controlled Alexa collection

5. Meet Microsoft’s New Phone, the Surface Duo

Microsoft is creating a new smartphone. Introducing the Surface Duo, an Android device with two screens. Each screen measures 5.6 inches, both of which can be expanded into an 8.3 inch device when fully expanded. So far, that’s the only information Microsoft has released to the public, though there are expectations that the Surface Duo will be available during the holiday season next year.

Aside from its new phone, Microsoft also recently released several new products, including Windows 10 X for dual screen devices, the Surface Laptop 3, the Surface Pro X and Surface Pro 7, Surface Pro Earbuds as well as the SQ1 custom Arm chip.

6. IBM Develops AI That Can Create Realistic Voices Based On 5 Minutes of Vocal Audio

Creating realistic text to speech models requires powerful hardware. However, researchers at IBM were not deterred by this challenge. They recently developed a lightweight and efficient method for speech synthesis and suffice to say, the results are impressive.

According to the researchers, their AI can synthesize high quality speech in real time based on a speaker’s voice. Moreover, the AI can also adapt to different speaking styles and voice patterns by analyzing small amounts of audio data.
According to IBM researchers Zvi Kons, Slava Shechtman, and Alex Sorin, this new technology was developed using a ‘neural speech synthesis based on a modular architecture,’ and is quite different from older text to speech systems, most of which relied on large, complex neural network models in order to work.

7. Intel Slashes Prices of High End Gaming Chips

Intel is reducing the price of its i9 processors as it attempts to refresh an old design. The new prices will take effect this November, which happens to be the same time when Intel’s new gaming chips will be released into the market.

The i9 chips are built on an old core called Skylake, an aging design that had seen numerous mediocre performance upgrades year after year. Intel would like to transition to the newer Ice Lake-based designs however, their newer chips are still limited to certain premium laptops, which explains why they are sticking to the older models.

Additionally, there’s also the issue of competition to consider. Intel is facing intense pressure from Apple, Samsung and Qualcomm, all of which are challenging the company’s dominance in the chip market. By slashing the cost of their chips, Intel hopes to address these challenges while keeping their existing chips fresh for most consumers.

Gains of up to 403% from our Free Newsletter.

Here are sample stock gains from the I/O Fund’s newsletter --- produced weekly and all for free!

+344% on Nvidia

+403% on Bitcoin

+218% on Roku

*as of March 15, 2022

Our newsletter provides an edge in the world’s most valuable industry – technology. Due to the enormous gains from this particular industry, we think it’s essential that every stock investor have a credible source who specializes in tech. Subscribe for Free Weekly Analysis on the Best Tech Stocks.

If you are a more serious investor, we have a premium service that offers lower entries and real-time trade alerts. Sample returns on the premium site include 324% on Zoom, 601% on Nvidia, 445% on Bitcoin, and 4-digits on an alt-coin. The I/O Fund is audited annually to prove it’s one of the best performing Funds on the market with returns that beat Wall Street funds. 


More To Explore


Where the Market is Headed Next

Where the Market is Headed Next

When the market was selling tech last year, the I/O Fund was buying AI leaders. For example, from September 2021 through January of 2023, we initiated 9 buy alerts for NVDA below $210. The last two al

June 08, 2023,format

Apple Bets On The Emerging Markets Growth Story

The smartphone market continues to be hit hard in q1, with prices down 20% and shipments down 13%, according to Canalys. Despite double digit decline across the industry, Apple delivered marginal grow

June 05, 2023
Nvidia Will "Still" Surpass Apple's Valuation

Nvidia Will “Still” Surpass Apple’s Valuation

My coverage on Nvidia as an AI leader began in 2018 (yes, really – five years ago). Since then, I’ve covered the AI microtrend for this specific stock 27 times on my research site, which is the equiva

May 29, 2023
FAAMG Stocks Trading At Precarious Valuations

FAAMG Stocks Trading At Precarious Valuations

The mega-cap stocks that are known as FAAMG reported earnings recently. These names are driving the market higher, especially Microsoft and Apple. In fact, the percentage of Microsoft and Apple’s comb

May 15, 2023
Apple PC Screen

Apple’s Stock In Focus: More Profitable Than Banks

Investors looking for the “next big thing” will point toward companies like Stripe, Sofi or Square as the leading fintech stocks. Meanwhile, the next big thing to disrupt the financial sector may be s

May 04, 2023
Netflix Remote Control

This Stock Price For Netflix Is A “Buy” For 2023

In April of 2022, Netflix surprised the markets by reporting its first subscriber loss in nearly 10 years. The stock tumbled 35% the following day, as investors panicked. Famed hedge fund manager, Bil

May 03, 2023
Where the I/O Fund Holds Cash When Banks Keeps Failing

Where the I/O Fund Holds Cash When Banks Keeps Failing

Amidst the growing skepticism in our banking sector, we thought it would be helpful to introduce an alternative way to both protect and diversify one’s assets. The information below discusses a method

April 20, 2023
Tesla Building

Tesla Stock: What You Need To Know About Q1 Earnings

Two months ago, we wrote that after realizing gains of 31%, it was time to take a time out on Tesla at the $208.31 price when our firm stated: “Right now, our technical analysis is at odds with our fu

April 16, 2023
Bitcoin Vs Banks: Here's Where the Price Goes Next

Bitcoin Vs Banks: Here's Where the Price Goes Next

The recent decoupling of Bitcoin from equities, we believe, is the start of a new uptrend that appears to be inversely correlated to the financial sector. The financial media would have us believe tha

April 05, 2023
Official Press Release: I/O Fund's Cumulative Returns Double the Nasdaq Following a Tough 2022

Official Press Release: I/O Fund’s Cumulative Returns Double the Nasdaq Following a Tough 2022

Actively managed portfolio and research site announces its largest cumulative lead over institutional all-tech portfolios. The I/O Fund defies a challenging market, outperforming peers and providing i

March 30, 2023

Sign up for Analysis on
the Best Tech Stocks
The I/O Fund specializes in tech growth stocks and offers in-depth research for Premium Members. Investors get access to a transparent portfolio of 30 positions, a private forum, webinars, and real-time trade notifications. Sign up for Premium.

We are on social networks

Copyright © 2010 - 2023
Get Free Weekly Analysis on the Best Tech Stocks