logo
Xbox's Switch 2 competitor may have hit the wall as Microsoft presses pause on handheld console

Xbox's Switch 2 competitor may have hit the wall as Microsoft presses pause on handheld console

Tom's Guide30-05-2025
We've heard numerous rumors about Microsoft working on an Xbox handheld gaming console to compete with the Steam Deck and the Nintendo Switch 2. The console is said to be a native Xbox handheld, but a new report suggests that Microsoft is shelving it to focus on other priorities.
According to a report by Windows Central, Microsoft has decided to halt development on the handheld, which was rumored to launch in 2027. This isn't the handheld codenamed "Kennan," as that's still on track.
The one being put on the shelf is a native Xbox device, more akin to the Nintendo Switch 2 than a Steam Deck or Windows handheld. It was designed to run full Xbox games like a traditional console.
According to the report, Microsoft has three console prototypes in development for its next-generation gaming platforms. The handheld would have been the fourth potential device.
It's important to note that this is just temporary. Microsoft still has handheld gaming on its radar. Part of that focus is shifted to improving Windows 11's handheld gaming performance, but it's also about releasing its handheld console at some point.
"Microsoft is still deeply investing in developing its own Xbox gaming handheld technology in the future," reads the Windows Central report.
The company is also focused on cloud gaming. The report states that the company is now testing next-generation Xbox cloud systems at its headquarters, which is exciting for those with fast enough internet to take advantage of the cloud's processing power.
Get instant access to breaking news, the hottest reviews, great deals and helpful tips.
Perhaps Microsoft plans to see how the Asus Kennan device does before it dips its toe more aggressively into the space. Rather than risking its resources, Microsoft can utilize its partnership with Asus to gauge whether gamers are ready for a handheld with Xbox branding attached.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Here's Why Super Micro Stock Jumped This Week
Here's Why Super Micro Stock Jumped This Week

Yahoo

time39 minutes ago

  • Yahoo

Here's Why Super Micro Stock Jumped This Week

Key Points Supermicro's stock is flying as the business starts to find its groove again. Big tech companies have been announcing even larger capital spending plans for artificial intelligence (AI) infrastructure. Supermicro will be one of the beneficiaries over the next two years. 10 stocks we like better than Super Micro Computer › Super Micro Computer (NASDAQ: SMCI) had a turbulent year in 2024. Things have settled down for the artificial intelligence (AI) server maker now, though, and business is picking up. Often referred to as Supermicro, the supplier of high-performance servers for AI data centers, is riding a wave of new data center construction. That macro tailwind and news this week of an exclusive partnership has the stock surging by 10.4% for the week as of Thursday afternoon, according to data provided by S&P Global Market Intelligence. AI capital spending keeps increasing Quarterly reports from big tech companies Microsoft and Meta Platforms this week confirmed that not only is capital spending for AI compute power continuing, but investments are growing. Microsoft CEO Satya Nadella commented, "Cloud and AI is the driving force of business transformation across every industry and sector." Supermicro is benefiting from that trend. Microsoft CFO Amy Hood told investors on Microsoft's conference call that while more than half of capital spending in the quarter was for long-lived assets, the balance was "primarily for servers, both CPUs and GPUs, and driven by strong demand signals." She added that capital spending in the current quarter will rise to a record of over $30 billion, based on strong cloud and AI demand signals. Expand those business conditions across the tech sector, and one can see why investors are buying Supermicro stock. Shares have doubled year to date as the business grows and accounting issues from last year are in the rearview mirror. This week, Digi Power X, a small AI and digital infrastructure company, announced plans to scale a new platform at its flagship Alabama data center site. The site contains over 10,000 Nvidia GPUs, and the platform was developed exclusively with Supermicro. That's just one example of the many ongoing data center projects. Supermicro will be a supplier to some of them, and should see its sales continue to expand. Investors are buying into the stock this week as the big tech companies reassure that data center spending is still thriving. Should you invest $1,000 in Super Micro Computer right now? Before you buy stock in Super Micro Computer, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Super Micro Computer wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $638,629!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,098,838!* Now, it's worth noting Stock Advisor's total average return is 1,049% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Howard Smith has positions in Microsoft and Nvidia and has the following options: short October 2025 $160 calls on Nvidia. The Motley Fool has positions in and recommends Meta Platforms, Microsoft, and Nvidia. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Here's Why Super Micro Stock Jumped This Week was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Why CoreWeave Stock Is Skyrocketing Today
Why CoreWeave Stock Is Skyrocketing Today

Yahoo

time43 minutes ago

  • Yahoo

Why CoreWeave Stock Is Skyrocketing Today

Key Points Recent big tech earnings showed accelerated AI spending, especially from CoreWeave's biggest customer. Citi upgraded the stock on this soaring AI infrastructure demand. Despite short-term optimism, CoreWeave faces significant risk if major customers like Microsoft continue to build internal capacity. 10 stocks we like better than CoreWeave › Shares of CoreWeave (NASDAQ: CRWV) are flying higher on Thursday, up 12.4% as of 2:31 p.m. ET. The jump comes as the S&P 500 and Nasdaq Composite were unchanged. The artificial intelligence (AI) cloud computing company is seeing its stock move higher after a round of earnings releases from major tech companies show AI capital expenditures are not slowing down anytime soon. Big tech is still spending big on AI Meta Platforms and Microsoft both recently released their second-quarter earnings reports, showing that their enormous AI-focused capital expenditures (capex) are not slowing down. In fact, they are accelerating. Meta's capex in Q2 nearly doubled year over year while Microsoft's grew by 22% year over year, reaching $17.1 billion. Incredibly, Microsoft told investors it plans to spend $30 billion in Q3, 60% more than analysts expected. Microsoft's increase is especially important for CoreWeave, not just because of its magnitude, but because Microsoft is by far its biggest customer. There is clearly a demand for AI-optimized cloud computing capacity that, at least at the moment, outstrips big tech's ability to build its own infrastructure. Citi upgrades CoreWeave stock, but I'm less convinced Citi analyst Tyler Radke upgraded his rating for CoreWeave stock after Microsoft's earnings made clear there is still enormous and growing demand for what CoreWeave supplies. The analyst upgraded the stock from neutral to buy and set a price target of $160, a significant upside from its current price. While it's clear there is significant demand for CoreWeave's infrastructure right now, I have doubts about its viability long term. Building AI cloud computing infrastructure is enormously expensive, and the company will continue to have to raise funds to expand. It is also enormously expensive to operate, and there is a real question of when -- and frankly, if -- the company can reliably deliver a profit. Furthermore, while big tech companies are leaning on third parties like CoreWeave at the moment, they are also rapidly expanding their own internal capacities. There is a real risk that over time, they will no longer need CoreWeave. It feels like too shaky of a moat for me, and I would avoid the stock. Should you buy stock in CoreWeave right now? Before you buy stock in CoreWeave, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and CoreWeave wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $638,629!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,098,838!* Now, it's worth noting Stock Advisor's total average return is 1,049% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Citigroup is an advertising partner of Motley Fool Money. Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Meta Platforms and Microsoft. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Why CoreWeave Stock Is Skyrocketing Today was originally published by The Motley Fool

Why AppLovin Stock Was Gaining Today
Why AppLovin Stock Was Gaining Today

Yahoo

timean hour ago

  • Yahoo

Why AppLovin Stock Was Gaining Today

Key Points Meta's revenue grew 22% in the second quarter, reflecting strong ad demand. That and Microsoft's strong quarter could bode well for AppLovin, as the high-growth stock is set to report Q2 earnings next week. Analysts are expecting earnings per share to double to $2.32. 10 stocks we like better than AppLovin › Shares of AppLovin (NASDAQ: APP), the fast-growing adtech company, were soaring today even as there was no news out on the company. Instead, the stock seemed to benefit from a wave of bullish sentiment for artificial intelligence (AI) and digital advertising stocks after strong reports from both Meta Platforms and Microsoft last night. As a result, AppLovin stock was up 8.2% as of 12:53 p.m. ET, while those two big tech stocks gained as well. AppLovin rides Meta's coattails Strong results from Meta in particular seemed to benefit AppLovin, as Meta's report showed off healthy demand in the digital advertising market. Revenue jumped 22% to $47.5 billion, and advertising made up 98% of its revenue, showing strong demand for ads on Facebook and Instagram. Meta credited AI improvements for driving both growth in ad impressions and an increase in the price per ad, reflecting increased demand and ROI. That trend, along with Microsoft's strong quarterly numbers, set off a wave of bullishness for stocks like AppLovin, which is high-priced and high-growth and offers exposure to both adtech and AI. In fact, AppLovin may be ahead of the curve in AI-driven advertising, as its AI-powered recommendation engine, Axon, has been a key source of growth for the company recently. What's next for AppLovin? As an expensive, high-growth stock, AppLovin tends to be volatile, and today's gains reflect an improved perception of its future growth ahead of its own earnings report on Aug. 6. Investors are expecting 13% revenue growth to $1.22 billion in the quarter, though that includes the sale of its mobile apps business. Excluding that, organic growth will be much stronger. On the bottom line, analysts expect earnings per share to essentially double to $2.32, a better reflection of the underlying growth in the business. The stock has the potential to pop again if it can beat those estimates. Do the experts think AppLovin is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did AppLovin make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,049% vs. just 182% for the S&P — that is beating the market by 867.25%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $638,629!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,098,838!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Jeremy Bowman has positions in AppLovin and Meta Platforms. The Motley Fool has positions in and recommends AppLovin, Meta Platforms, and Microsoft. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Why AppLovin Stock Was Gaining Today was originally published by The Motley Fool 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store