Wednesday, February 26, 2025

Hope for a German tech revival

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Tech Across the Globe

Super Micro files: Server maker Super Micro, in danger of delisting, filed its delayed financial reports in time to meet a deadline set by Nasdaq. The action sent its shares up more than 20% in late trading.

DeepSeek reopens access: Chinese AI startup DeepSeek has reopened access to its core programming interface after nearly a three-week suspension, a necessary step toward continuing momentum around its recently launched model and chatbot.

Italy and France squabble: Italy's government wants to replace Jean-Marc Chéry, the CEO of Franco-Italian chipmaking joint venture STMicroelectronics, for poor performance

Revalued

Tesla's market value dipped below $1 trillion after its shares dropped for the fourth consecutive trading session on news that sales fell 45% last month across Europe. After touching an all-time high in mid-December, the EV maker's stock has fallen steadily as investors worry about slowing sales and CEO Elon Musk's preoccupation with politics.

Must read

In today's Tech In Depth, Christina Kyriasoglou writes about the reaction of the tech industry to Sunday's German elections. Executives hope the new government will spur a tech revival, she writes, but a lack of innovation may derail those aspirations. For more Bloomberg coverage of the technology industry, subscribe here.

This week in Power On

Apple's decision to price the iPhone 16e — the replacement for the low-cost SE — at $599 shows the company has abandoned the budget smartphone market, Mark Gurman writes in this week's Power On. For more Apple coverage from Mark, subscribe here.

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