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AI continues to be a major force, propelling Nvidia to the top market cap in the Nasdaq 100...
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Tesla rivals XPeng and Xiaomi reported record July deliveries. Nio, Li Auto and BYD will report China EV sales too...
Continue ReadingThe hyperscalers are key to what happens to Nvidia next...
Continue ReadingTech giants Amazon, Apple, Meta and Microsoft this week eclipsed earnings expectations, cashing in on artificial intelligence (AI) while navigating economic waters roiled by US tariffs.- Meta reported robust second-quarter financial results Wednesday, with revenue jumping 22 percent year-over-year as the social media giant continues investing heavily in artificial intelligence...
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SAN FRANCISCO (Reuters) -Apple CEO Tim Cook signaled on Thursday the iPhone maker was ready to spend more to catch up to rivals in artificial intelligence by building more data centers or buying a larger player in the segment, a departure from a long practice of fiscal frugality. Apple has struggled to keep pace with rivals such as Microsoft and Alphabet's Google, both of which have attracted hundreds of millions of users to their AI-powered chatbots and assistants. Apple, in contrast, has leaned on outside data center providers to handle some of its cloud computing work, and despite a high-profile partnership with ChatGPT creator OpenAI for certain iPhone features, has tried to grow much of its AI technology in-house, including improvements to its Siri virtual assistant...
Continue ReadingSYDNEY (Reuters) -Asian shares were headed for the worst week since April on Friday after the U.S. slapped dozens of trading partners with steep tariffs, while investors anxiously await U.S. jobs data that could make or break the case for a Fed rate cut next month. Both Nasdaq futures and S&P 500 futures slipped 0.2% after earnings from Amazon failed to meet lofty expectations, sending its shares tumbling 6.6% after hours. Late on Thursday, President Donald Trump signed an executive order imposing tariffs ranging from 10% to 41% on U.S. imports from foreign countries...
Continue ReadingMicrosoft joined Nvidia in the $4 trillion market-cap club, while Meta is closing in on the $2 trillion mark...
Continue ReadingAWS is the clear cloud leader in Big Tech. But fast-growing rivals, and the AI boom, have investors spooked...
Continue ReadingApple wants investors to know it's taking bigger steps to catch up in the AI race, amid worries about its progress...
Continue ReadingTesla's aging lineup is facing a wave of low-cost EV rivals, especially from China. The brand's sales were down 27% year-on-year in July to 1,307 cars in France, and down 52% to 336 cars in Denmark, official industry data showed, after dropping by over a third in Europe in the first six months of the year. With no more affordable-end vehicles on the horizon until the last three months of the year and the upcoming end of a $7,500 U.S. tax break for EV buyers, Musk acknowledged in July that the company could have "a few rough quarters"...
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