iPhone maker Apple announced a major change in its executive ranks. The tech giant announced that its longtime Chief Financial Officer (CFO) Luca Maestri will leave the role effective January 1, 2025. Maestri won’t leave the company altogether and will instead work as a leader...
Self-driving car company Cruise, which is backed by General Motors, will introduce its robotaxis to Uber in 2025 as part of the recently-announced partnership between the two companies. When this “multiyear strategic partnership” launches, Uber users will get an extra option in their app to...
Zoom Video Communications, makers of video-call software Zoom, shared its fiscal second-quarter earnings report that beat the analysts’ expectations and raised its full-year revenue guidance. This caused the company’s stock to surge by 3% in after-hours trading. Zoom reported $1.16 billion in revenue, compared to...
Data cloud analytics firm Snowflake beat expectations in its fiscal second quarter, but the company’s stock still dropped amid a widening net loss compared to the same period in 2023. Snowflake reported revenue of $868 million, marking a 29% year-over-year jump and coming above analysts’...
Chipmaker Advanced Micro Devices (AMD) made another big move in its push for a bigger chunk of the artificial intelligence (AI) market. The company announced on Monday that it had acquired server maker ZT Systems in a $4.9 billion deal. ZT Systems, which is headquartered...
Self-driving car company Cruise, which is backed by General Motors, will introduce its robotaxis to Uber in 2025 as part of the recently-announced partnership between the two companies. When this “multiyear strategic partnership” launches, Uber users will get an extra option in their app to...
Goldman Sachs CEO David Solomon is of the opinion that artificial intelligence is more than just a new fad. In his eyes, investors should prepare for AI to have a long-term effect on the way in which business is conducted. "AI is not a bubble....
ECommerce giant Alibaba Group Holding Ltd. posted strong first-quarter earnings, exceeding market expectations. The company's quarterly net income came in at $3.34 billion, with earnings, adjusted for one-time gains and costs, clocking in at $2.26 per share, beating Wall Street estimates of $2.20 per...
Chinese tech conglomerate Tencent Holdings reported second-quarter revenue of 161.12 billion yuan ($22.5 billion), exceeding expectations of revenue of 160.77 billion yuan according to LSEG data. This is an 8% rise in revenue from the previous quarter. Tencent's revenue rise was largely driven by its...
Server firm Super Micro Computer announced plans for a 10-for-1 stock split after its shares more than doubled in value in 2024 on the back of an artificial intelligence frenzy. The announcement came as part of the company’s quarterly earnings report shared on Tuesday. The...
Despite the recent fallout of tech stocks, the artificial intelligence frenzy doesn’t seem to be going away. AI chip startup Groq announced it had reached a valuation of $2.8 billion after landing $640 million in a Series D round of funding. Groq was founded in...
Computer peripherals and software maker Logitech is caught up in a behind-the-scenes executive drama. The company’s founder, Daniel Borel, is reportedly pushing the company to make a board chair change that would see chairperson Wendy Becker ousted. Borel believes that Becker’s exit is in the...
Tesla and X (former Twitter) CEO Elon Musk has revived its lawsuit against artificial intelligence startup OpenAI and its co-founder Sam Altman. Musk co-founded OpenAI alongside Altman and several other investors in 2015 but ended up leaving the company three years later. In his latest...
Computer components and semiconductor maker Intel saw its shares plummet by more than 26% on Friday. According to Bloomberg, this was the worst single-day performance by the company’s stock in 40 years. Intel’s disastrous day was a result of a disappointing earnings report as well...
Meta, the parent company of Facebook and Instagram, shared a better-than-expected earnings report for the second quarter but warned about significant spending in 2025 as it looks to expand its infrastructure footprint. Meta’s $5.16 in earnings per share comfortably cleared the $4.73 per share expected...
Fintech giant PayPal had a strong second quarter, beating the analysts’ expectations thanks to improving operating margins. Investors took notice, with PayPal’s stock surging 8% in the aftermath of the earnings release. PayPal reported revenue of $7.89 billion, seeing an 8% increase compared to the...
iPhone maker Apple announced a major change in its executive ranks. The tech giant announced that its longtime Chief Financial Officer (CFO) Luca Maestri will leave the role effective January 1, 2025. Maestri won’t leave the company altogether and will instead work as a leader...
Self-driving car company Cruise, which is backed by General Motors, will introduce its robotaxis to Uber in 2025 as part of the recently-announced partnership between the two companies. When this “multiyear strategic partnership” launches, Uber users will get an extra option in their app to...
Zoom Video Communications, makers of video-call software Zoom, shared its fiscal second-quarter earnings report that beat the analysts’ expectations and raised its full-year revenue guidance. This caused the company’s stock to surge by 3% in after-hours trading. Zoom reported $1.16 billion in revenue, compared to...
Data cloud analytics firm Snowflake beat expectations in its fiscal second quarter, but the company’s stock still dropped amid a widening net loss compared to the same period in 2023. Snowflake reported revenue of $868 million, marking a 29% year-over-year jump and coming above analysts’...
Chipmaker Advanced Micro Devices (AMD) made another big move in its push for a bigger chunk of the artificial intelligence (AI) market. The company announced on Monday that it had acquired server maker ZT Systems in a $4.9 billion deal. ZT Systems, which is headquartered...
Self-driving car company Cruise, which is backed by General Motors, will introduce its robotaxis to Uber in 2025 as part of the recently-announced partnership between the two companies. When this “multiyear strategic partnership” launches, Uber users will get an extra option in their app to...
Goldman Sachs CEO David Solomon is of the opinion that artificial intelligence is more than just a new fad. In his eyes, investors should prepare for AI to have a long-term effect on the way in which business is conducted. "AI is not a bubble....
ECommerce giant Alibaba Group Holding Ltd. posted strong first-quarter earnings, exceeding market expectations. The company's quarterly net income came in at $3.34 billion, with earnings, adjusted for one-time gains and costs, clocking in at $2.26 per share, beating Wall Street estimates of $2.20 per...
Chinese tech conglomerate Tencent Holdings reported second-quarter revenue of 161.12 billion yuan ($22.5 billion), exceeding expectations of revenue of 160.77 billion yuan according to LSEG data. This is an 8% rise in revenue from the previous quarter. Tencent's revenue rise was largely driven by its...
Server firm Super Micro Computer announced plans for a 10-for-1 stock split after its shares more than doubled in value in 2024 on the back of an artificial intelligence frenzy. The announcement came as part of the company’s quarterly earnings report shared on Tuesday. The...
Despite the recent fallout of tech stocks, the artificial intelligence frenzy doesn’t seem to be going away. AI chip startup Groq announced it had reached a valuation of $2.8 billion after landing $640 million in a Series D round of funding. Groq was founded in...
Computer peripherals and software maker Logitech is caught up in a behind-the-scenes executive drama. The company’s founder, Daniel Borel, is reportedly pushing the company to make a board chair change that would see chairperson Wendy Becker ousted. Borel believes that Becker’s exit is in the...
Tesla and X (former Twitter) CEO Elon Musk has revived its lawsuit against artificial intelligence startup OpenAI and its co-founder Sam Altman. Musk co-founded OpenAI alongside Altman and several other investors in 2015 but ended up leaving the company three years later. In his latest...
Computer components and semiconductor maker Intel saw its shares plummet by more than 26% on Friday. According to Bloomberg, this was the worst single-day performance by the company’s stock in 40 years. Intel’s disastrous day was a result of a disappointing earnings report as well...
Meta, the parent company of Facebook and Instagram, shared a better-than-expected earnings report for the second quarter but warned about significant spending in 2025 as it looks to expand its infrastructure footprint. Meta’s $5.16 in earnings per share comfortably cleared the $4.73 per share expected...
Fintech giant PayPal had a strong second quarter, beating the analysts’ expectations thanks to improving operating margins. Investors took notice, with PayPal’s stock surging 8% in the aftermath of the earnings release. PayPal reported revenue of $7.89 billion, seeing an 8% increase compared to the...