Seeking Alpha’s roundup of statements, announcements and remarks that could impact the technology sector.
- U.S. House Speaker Mike Johnson had sharp words for China following reports that it has told local companies not to buy Nvidia (NASDAQ:NVDA) AI chips.
“They steal our intellectual property,” Johnson said in a CNBC interview on Wednesday. “They have no regard whatsoever for U.S. trademark law or any of the other provisions that make for fair trade agreements. It is not the fault of the United States that there are these strained relations.”
- Alphabet’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Waymo is partnering with Lyft (NASDAQ:LYFT) to offer fully autonomous robotaxi rides in Nashville.
Under the deal, Lyft’s Flexdrive subsidiary will provide end-to-end management services for Waymo vehicles. Riders will be able to access Waymo vehicles first through the Waymo app. The companies plan to dispatch Waymo vehicles on Lyft’s network for matched rides later in 2026.
“We’re delighted to partner with Lyft and launch in Nashville next year, as we continue to scale our Waymo ride-hailing service to more people in more places,” said Waymo Co-CEO Tekedra Mawakana, in a statement. “Lyft’s extensive fleet management capabilities through Flexdrive make them an ideal partner for expanding to Nashville.”
Waymo also has a partnership with Lyft rival Uber (UBER) for robotaxi services in Austin and Atlanta.
Other companies developing robotaxi services in the U.S. include Tesla (TSLA) and Amazon’s (AMZN) Zoox.
- Activist investor Elliot Investment Management disclosed it has made a $2 billion investment in Workday (NASDAQ:WDAY), adding it supports the company’s recently announced strategic plan.
“We are pleased with our dialogue with the [Workday management] team and believe the plan announced at today’s Financial Analyst Day represents a significant enhancement of Workday’s operating model and capital allocation framework,” Elliot said in a statement.
“We believe this multi-year plan will drive substantial long-term value creation for Workday shareholders, and we look forward to continued collaboration with the company,” Elliot added.
- Workday (NASDAQ:WDAY), meanwhile, said it was pleased that Elliot was supportive.
“We appreciate Elliott’s support,” a Workday spokesperson told CNBC. “Workday is a market leader with strong growth potential, and we remain focused on executing our strategy and delivering innovative solutions that help our customers succeed.”