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When it comes to Alphabet stock, there are really two intertwined stories at play. On the one hand, the vast majority of the company’s revenue continues to come from advertising—from both Google search and, to a lesser extent, from YouTube. While the company’s Gemini chatbot offers a compelling experience, it remains to be seen how it will be monetized—and whether AI chatbots in general will steal queries away from Google search...
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The London Stock Exchange Group said on Thursday its first quarter growth was in line with plans for the roll out of products from its partnership with Microsoft, though the bourse's shares hit a five-month low in early trading. LSEG said total income, excluding recoveries, in the first quarter was 2.089 billion pounds ($2.61 billion), with gross profit of 1.893 billion pounds, in line with analysts' consensus forecasts compiled by LSEG. LSEG was "confident of continued growth and improving profitability", adding that it was on track to meet all financial guidance provided during its November 2023 Capital Markets Day...
Continue ReadingNvidia to buy two Israeli startups aiming to run AI models more cheaply. META earnings call: More spending on AI ahead before payoff. Microsoft-backed Rubrik prices IPO at $32/share...
Continue ReadingHonor and Huawei were tied for the top spot, with Honor's market share rising to 17.1% and Huawei's share climbing to 17%, IDC said, while the iPhone maker's market share fell to 15.6%. The IDC declares a statistical tie when the difference between the share of revenue or shipments between two or more vendors is 0.1% or less. "Apple's price promotions in the quarter were unable to mitigate the impact of the intense competition from Android players," Arthur Guo, senior research analyst at IDC China said in the report...
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JioCinema, the streaming platform run by India's Reliance Industries, on Thursday cut prices of its premium offering to as low as 29 rupees ($0.3480) a month, heating up competition for Netflix and Amazon Prime. Reliance runs multiple TV channels and JioCinema streaming app through its media unit Viacom18 and has a sizeable hold over India's $28-billion media and entertainment market. An advertisement-free version would start at an introductory price of 29 rupees per month for streaming on a single device and go up to 89 rupees for a "Family" plan to stream on four simultaneous devices, JioCinema said in a statement...
Continue ReadingThe Artisan Focus Fund gained 15.86% in Q1, exceeding the S&P 500® Index by 5.30%. Our performance in Q1 can be directly tied to strong fundamental research execution...
Continue ReadingIBM earnings call for the period ending March 31, 2024...
Continue ReadingThis is what could happen next to Amazon shares...
Continue ReadingAlthough the revenue and EPS for IBM (IBM) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers...
Continue ReadingMicrosoft, which overtook Apple as the world's most valuable company earlier this year, is looking to cement its AI market leadership...
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