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CTOS News17 articles
AMD Stock Tumbles 5.8% Amid AI Spending Concerns and Customer Warrants
AMD shares dropped 5.8% on Tuesday amid a broad semiconductor selloff, as investors weigh the impact of debt-funded AI spending and warrants held by OpenAI and Meta that could dilute earnings.
Jersey Mike’s Topples Chick-fil-A in Customer Satisfaction Rankings
Jersey Mike’s scored 84 in the 2026 American Customer Satisfaction Index, edging Chick-fil-A’s 83 to end its 11-year reign as top QSR, as value and digital pickup gain importance.
Bank of America Digital Outage Disrupts Customer Access, Poses Reputational Risk
A Bank of America digital banking outage on Saturday left over 5,000 customers unable to log in, highlighting the risks of heavy digital reliance for the bank's 59 million users.
Jersey Mike's Dethrones Chick-fil-A in Customer Satisfaction Rankings
Jersey Mike's Subs scored 84 in the 2026 ACSI restaurant study, edging out Chick-fil-A's 83 and ending its 11-year streak as the top-ranked U.S. quick-service chain.
PepsiCo Debuts Custom Drink Platform, Backs Sustainable Farming Finance
PepsiCo rolls out its 'House of Treats' personalized drink platform in select European markets and launches a pilot program for strip-till equipment leasing, targeting growth in away-from-home channels and sustainable farming.
Verizon's No-Trade-In Phone Bundles Face Customer Service Challenges
Verizon's new no-trade-in phone bundles aim to drive postpaid growth, but customer reports of two-hour store waits and lower J.D. Power satisfaction ratings highlight service hurdles.
Marvell Rises on $10B Custom Chip Forecast, AI Demand Drives Growth
Marvell Technology shares rose 2.4% to $203.50 after forecasting $10B+ in custom-chip revenue by fiscal 2029, with Q1 revenue up 28% to $2.418B. AI bookings surged and data center sales made up 76% of total revenue.
Buc-ee's Fuel Policy Shift Draws Customer Ire as Gift Card and Parking Rules Tighten
Buc-ee's is facing customer backlash over new rules requiring fuel purchases at the pump, tighter parking restrictions, and limits on long stays at its travel centers.
Nvidia Shares Slide as Big Tech Rivals Push Custom AI Chips
Nvidia shares dropped 4.6% as Alphabet and Amazon pushed their own AI chips, while AMD and Broadcom rose. Market questions who benefits from rising AI spending.
Wren Kitchens' US Arm Files Chapter 7, Leaving Customers and Staff in Limbo
Wren Kitchens' US parent filed Chapter 7 bankruptcy, abruptly closing all US showrooms and leaving customers with unfinished orders and employees without notice.
Broadcom's Custom AI Chip Surge Powers $2 Trillion Valuation
Broadcom reaches $2 trillion market cap on custom AI chip demand and Google TPU supply deal. Q1 revenue jumps 29%, AI semiconductor sales double to $8.4B.
Google in Talks with Marvell for Custom AI Chips, Boosting Custom Silicon Race
Alphabet's Google is in discussions with Marvell Technology to design two new AI chips, according to a report. The move would deepen Marvell's role in the custom chip market for cloud giants.
Nvidia Commits $2B to Marvell Partnership for Custom AI Chip Integration
Nvidia has announced a $2 billion strategic investment in Marvell Technology to link Marvell's custom AI processors with Nvidia's NVLink Fusion system. The partnership aims to address growing demand for specialized AI infrastructure.
Nvidia Invests $2 Billion in Marvell to Bolster Custom AI Chip Strategy
Nvidia has committed $2 billion to Marvell Technology, deepening a collaboration focused on custom AI processors and advanced networking. The move comes amid soaring industry investment in artificial intelligence infrastructure.
Nvidia Invests $2 Billion in Marvell to Bolster Custom AI Chip Alliance
Nvidia announced a $2 billion strategic investment in Marvell Technology, deepening a collaboration on custom AI processors and high-speed networking. Both companies will jointly develop silicon photonics technology.
Broadcom Tops AI Chip Picks as Custom Silicon Race Heats Up
Broadcom emerged as the favored AI stock pick over Oracle and Marvell in Monday's commentary, highlighted by its 106% quarterly AI revenue surge. Analysts cited its scale and custom chip portfolio as key advantages.
Nokia's AWS-Powered 5G Core SaaS Debuts with First Commercial Customer
Nokia's stock remained steady around $7.60 in premarket trading following the launch of the first commercial 5G Core software-as-a-service deployment on Amazon Web Services by Belgian operator Citymesh.