Apple disappointed investors with its soft guidance, but the iPhone maker still could rebound because of opportunities in Services and in India. Apple product revenue is still high, but growth has stalled since fiscal 2021. Apple’s Services segment, its second largest after iPhone, remains the strongest grower as it has been for a while...
Continue ReadingThe growth of generative artificial intelligence businesses is surprising even the tech industry’s most seasoned executives...
Continue ReadingRead here for an update on ARK Invest's latest 13F portfolio changes, including reductions in large positions and top holdings in Tesla, Roku, and Coinbase Global...
Continue Reading(Bloomberg) -- Amazon.com Inc. reported strong results that showed a company humming on all cylinders, a testament to its efforts to cut and reallocate costs and put the cloud computing and e-commerce giant on sounder footing.Most Read from BloombergIs Denver’s Big Bet on E-Bikes Paying Off?Chicago Mayor Seeks Property Tax Hike, Breaking Campaign VowThe Answer To Making Cities More Family-Friendly? CourtyardsNY Transit Agency Takes Next Step on Brooklyn-Queens Rail LinkA South Korean City Plays...
Continue ReadingAmazon reported $159 billion in revenue, beating estimates, as its ad, cloud and e-commerce business continues to balloon...
Continue ReadingAmazon CEO Andy Jassy today hinted at an improved, "agentic" version of the company's Alexa assistant — one that could take actions on a user's behalf. "I think that the next generation of these assistants and generative AI applications will be better at not just answering questions and summarizing, indexing, and aggregating data, but also taking actions," he during Amazon's Q3 2024 earnings call. "And you can imagine us being pretty good at that with Alexa." Jassy added that Amazon continues to...
Continue ReadingAmazon shares moved about 5% higher in afterhours trading as investors welcomed results showing robust revenue and profit growth. Some of the key figures: Net sales rose 11% to $158.87 billion, coming in above what analysts surveyed by FactSet had expected...
Continue ReadingApple's financial performance remains rock solid, and some think the stock's valuation appears inexpensive. Read more about AAPL stock's recent earnings...
Continue ReadingThe headline numbers for Amazon (AMZN) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals...
Continue ReadingOpenAI expands ChatGPT with new web search tools, offering real-time data from trusted sources like Reuters and AP...
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