In a recent interview with CNBC, Victor Peng, the president of Advanced Micro Devices (AMD), revealed the company’s strategy to compete with industry giants Nvidia and Intel in the AI market. According to Peng, AMD is placing its bet on AI PCs, as the market for these devices is expected to continue expanding. AI PCs
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Meta, formerly known as Refinitiv, exceeded expectations in its fourth-quarter report, delivering impressive earnings and revenue figures. The company reported earnings of $5.33 per share, surpassing LSEG’s expected $4.96 per share. Additionally, Meta’s revenue reached $40.1 billion, beating the projected $39.18 billion. These positive results prompted a 15% surge in the company’s stock during after-hours
The quarterly results from Alphabet and Microsoft were good, but not good enough for Wall Street. Despite reporting revenue and earnings that exceeded estimates, the stocks sold off in extended trading. This reaction can be attributed to the fact that the stocks were priced for perfection. Alphabet shares are up 56% for the year and
Quiet luxury, a trend characterized by understated and minimalistic displays of opulence, has gained significant traction in the fashion world and is now making its way into investor portfolios. This shift from loud, flashy displays of wealth to subtlety and elegance has been influenced by popular shows like HBO’s “Succession” and has resonated with consumers
As stock markets across the globe prepare for a busy week, key economic data releases in Asia are set to take center stage. Investors are eagerly awaiting China’s factory activity figures for January, as well as Australia’s fourth-quarter inflation figures. These data releases will provide valuable insights into the health of these economies and may
When Apple first introduced the iPhone to the world in 2007, it was hailed as a “revolutionary product” by Steve Jobs. The handset category was in desperate need of reinvention, and Apple stepped up to the plate. Little did anyone know at the time that this device would go on to become one of the
The rapid advancement of artificial intelligence (AI) has stirred both excitement and anxiety among tech firms. As companies like Google and Amazon prioritize investments into AI, industry experts warn that other segments are likely to see ongoing layoffs well into 2024. More than 20,000 tech employees have already lost their jobs in 2024 alone, according
Shares of electric vehicle makers and Tesla’s Asia suppliers took a significant hit on Thursday as the EV manufacturer failed to meet fourth-quarter revenue and profit targets and issued a warning of slower sales this year. The news sent shockwaves throughout the industry, leaving investors concerned about Tesla’s future prospects and the overall health of
The European Central Bank (ECB) is facing mounting anticipation regarding potential rate cuts following its monetary policy meeting on Thursday. However, experts are predicting that the meeting is unlikely to bring about any policy changes or significant messages, but rather provide a reflection on the upcoming year. According to economists at Société Générale, the ECB’s
Appen, an artificial intelligence (AI) data firm based in Australia, has recently faced a setback as Alphabet, the parent company of Google, decided to terminate its contract with the company. This termination was unexpected for Appen, and it will have significant implications for the company’s revenue and its subcontracted workers. This article delves into the