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$SONY

23 stories mentioning SONY

Every FINWIRES story that references SONY, newest first.

Wire

Market Chatter: Sony, Honda JV to Explore Other Opportunities to Make Venture Work After Shelving EV Plans

Sony (SONY) and Honda Motor's (HMC) 50-50 joint venture has decided to explore other opportunities to make the venture work after canceling plans for their proposed co-developed electric vehicle, Nikkei Asia reported Friday.The two companies are discussing non-EV products and services as alternatives and expect other uses for their EV technologies, the report said.Sony-Honda Mobility may still introduce a passenger car to market, but this would be a challenge amid advances in autonomous driving and technologies by carmakers in US and China, according to the media outlet.Sony and Honda did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $21.78, Change: $+0.31, Percent Change: +1.47%

$HMC$SONY
Sectors

Sector Update: Tech Stocks Decline Premarket Monday

Technology stocks were declining premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.6% and the State Street SPDR S&P Semiconductor ETF (XSD) 0.8% lower.Sony (SONY), SoftBank, NEC and Honda Motor (HMC) have jointly established a new artificial intelligence company to develop a domestic AI foundation model for use by Japanese companies, multiple media outlets reported. Shares of Sony Group were down more than 2% pre-bell.Aeluma (ALMU) stock was up more than 25% after the company said it has won more than $4 million in contracts to scale the US government's semiconductor heterogeneous integration platform for quantum and high-speed datacom applications.Cisco Systems (CSCO) is in discussions to acquire Israeli cybersecurity startup Astrix Security for $250 million to $350 million, The Information reported, citing people with knowledge of the deal. Cisco Systems shares were 0.6% lower pre-bell.

$ALMU$CSCO$HMC$SONY$XLK$XSD
Sectors

Sector Update: Tech

Technology stocks were declining premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.6% and the State Street SPDR S&P Semiconductor ETF (XSD) 0.8% lower.Sony (SONY), SoftBank, NEC and Honda Motor (HMC) have jointly established a new artificial intelligence company to develop a domestic AI foundation model for use by Japanese companies, multiple media outlets reported. Shares of Sony Group were down more than 2% pre-bell.

$HMC$SONY

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