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Microsoft said on Thursday it plans to offer its cloud computing customers a platform of AMD artificial intelligence chips that will compete with components made by Nvidia, with details to be given at its Build developer conference next week. Microsoft's clusters of Advanced Micro Devices' flagship MI300X AI chips will be sold through its Azure cloud computing service...
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The market rally had a quiet Thursday, holding near record highs. Walmart and Tesla rival BYD flashed buy signals, joining Nvidia...
Continue ReadingThe cannabis store owner says people are upset about his battery-powered pickup...
Continue ReadingConsumer interest in EVs has fallen for the first time in three years, according to the J.D. Power US Electric Vehicle Consideration Study. Some of the reasons cited in the study are concerns over charging infrastructure and range anxiety. Yahoo Finance Reporter Pras Subramanian joins Market Domination to break down the report and what it means for the EV market moving forward. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino...
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Market Chatter: Tesla Factory Expansion Plans in Germany Approved by Local Council, Bloomberg Says...
Continue ReadingMichael Burry, the legendary investor who famously predicted the 2008 financial crisis, has once again made headlines with his latest 13F filing for his hedge fund Scion Asset Management LLC. The first quarter of 2024 reveals a strategic recalibration towards physical commodities and renewable energy, while Burry shifted away from some tech giants. The total market value of Scion's 13F securities increased from $94.6 million to $103.49 million. The fund’s activity included five new purchases, ad...
Continue ReadingTesla got the go-ahead for an expansion of its German factory in Gruenheide near Berlin from the local council on Thursday despite protests against the U.S. electric vehicle maker's plans. The green light from the Gruenheide council is just the first in a series of hurdles Tesla needs to clear before being able to start its expansion to add logistical spaces including a train station. The expansion must also be approved by local environmental authorities...
Continue ReadingNio Inc (NYSE:NIO) stock was trading higher Thursday amid reports that the EV maker is launching its first vehicle under the Onvo brand, marked at a discount versus Tesla Inc (NASDAQ:TSLA). It has reversed the gains since then. Nio’s L60 SUV will be priced around $4,000 less than Tesla’s Model Y. Nio plans to deliver the L60 in September. Nio’s CEO, William Li, mentioned in a CNBC interview that he anticipates Onvo will eventually sell its cars internationally. Also Read: Tesla’s Chinese Rival N...
Continue ReadingGoogle's Potential Gemini-Apple Deal Announcement Seen Shifting to June Conference, UBS Says...
Continue ReadingNetflix may be coming from behind in advertising, but it’s catching up fast—including on competitors that took shortcuts. The streaming giant said Wednesday afternoon that its ad-supported plan now has 40 million monthly active users. The announcement was made as part of the company’s presentation at the Upfronts, a springtime confab in New York where networks pitch advertisers on their upcoming shows in an attempt to secure early advertising deals...
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