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Franklin Templeton reports strong Q2 gains led by tech and selective stock picks. See how AI and innovation are shaping their outlook. Read the full update...
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(Reuters) -Wall Street futures pointed to a strong start on Thursday, as blockbuster earnings from Meta and Microsoft signaled Big Tech's hefty artificial intelligence bets were paying off. Meta Platforms soared 11.4% in premarket trading after the social media giant forecast third-quarter revenue well above estimates, thanks to AI boosting its core advertising business. Microsoft issued a record capital spending outlook of $30 billion for the current quarter and reported higher-than-expected sales in its Azure cloud computing business...
Continue ReadingAlphabet delivers impressive growth in revenue, profits, and cash flow, with shares still attractively priced despite recent gains. Read why GOOG is a Strong Buy...
Continue ReadingSwiggy, a decade-old player and one of the market leaders in the food delivery business alongside Eternal’s Zomato, continues investing in the business through marketing, platform upgrades and loyalty programs. The company faced challenges related to lower availability of delivery partners due to earlier-than-expected monsoon showers in India. Meanwhile, marketing investments remained high amid "sticky competitive intensity," it said in a statement...
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LONDON (Reuters) -The dominant position of Amazon and Microsoft in cloud computing is harming competition, with their impact exacerbated by technical and commercial barriers to switching, an inquiry group from Britain's antitrust regulator said. The Competition and Markets Authority (CMA) group said on Thursday the regulator should investigate whether to designate the two with strategic market status (SMS) in cloud services, which would give it new powers to intervene. It noted, however, that the CMA has said it will not consider new SMS investigations, which are conducted by its Digital Markets Unit (DMU), until early next year...
Continue ReadingAmazon is slated to report quarterly results after the closing bell Thursday, and the recently passed One Big Beautiful Bill Act could factor into the e-commerce giant’s guidance...
Continue ReadingThe technology firms involved in the initiative include Amazon, Apple, Google, and OpenAI...
Continue ReadingMeta and Amazon unveiled new AI chip strategies, while traditional players like Marvell and Micron are seeing momentum in HBM and connectivity...
Continue ReadingAmazon, Apple Earnings Preview. Bessent: Trump baby accounts 'a backdoor' for privatizing Social Security. OpenAI rival Manus reportedly gears up for major upgrade to core agent platform...
Continue ReadingThe analyst consensus is for earnings per share of $1.33, up from $1.26 last year, on sales of $162 billion, up 10%....
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