Uber (NYSE:UBER) receives licensing approval to provide service in Vancouver after eight years of lobbying.
Uber expects its service to be available within the “next few days.”
Rival Lyft (NASDAQ:LYFT) also received approval to operate in the city.
The ride-share companies can both offer trips in Vancouver and Whistler, a ski resort town.
Intel sees chip demand recovery
Intel (NASDAQ:INTC) CFO George Davis attributes the 19% Y/Y data center business growth to hyperscale cloud providers, according to an interview with Reuters.
Davis didn’t specify the companies, but the hyperscale field includes Amazon, Microsoft, Alibaba, and Baidu.
Intel says its move to its next-gen chip tech is proceeding better than expected, and the company will boost capacity for making PC chips.
Davis thinks this will “help us close the gap to customer demand that we’ve been experiencing.” He expects the problem to be resolved within 2020 with inventory build happening by the end of the year.
Broadcom signs two deals with Apple; shares +2%
Broadcom (NASDAQ:AVGO) enters into two multiyear agreements to supply wireless components to Apple (NASDAQ:AAPL).
The agreements together could generate as much as $15B in revenue for Broadcom.
The new deals are in addition to the existing ones for RF components and modules.
Broadcom shares are up 2.2% after hours to $326.80.
Uber collecting self-driving data in D.C.
Uber’s (NYSE:UBER) self-driving vehicles will be on the roads in Washington, D.C., with a driver behind the wheel.
The vehicles will be collecting mapping data and capturing driving scenarios that Uber will then use in simulations.
Uber hopes the first round of data collection will help pave the way to testing in D.C. in self-driving mode.
Comcast -3% after warning of heavier video sub losses
Comcast (NASDAQ:CMCSA) reversed earlier premarket gains and turned lower before the bell and has come out of today’s open down 3% after warning of more video subscriber losses this year.
On the company’s earnings call, CFO Michael Cavanagh said that considering ongoing consumer trends and planned rate increases this year, expect higher declines in 2020. The rate increases were delayed from Q4 and so will land more heavily on 2020 numbers.
Video sub declines had accelerated in 2019: to a 3.2% fall vs. a 1.6% drop in 2018.
