Zoom Video Communications (NASDAQ: ZM) probably wouldn't exist if its founder and CEO Eric Yuan had stayed at Cisco Systems (NASDAQ: CSCO). Yuan previously worked at Webex, a video conferencing start-up that was acquired by Cisco in 2007. As a VP of Engineering at Cisco, Yuan pitched the development of a streamlined video conferencing app for mobile devices...
Continue ReadingTech stocks fell out of favor last year as an economic downturn caused a reduction in consumer spending. Investment mogul Warren Buffett has massively profited from tech as his holdings company, Berkshire Hathaway, has dedicated 46% of its portfolio to Apple. The iPhone company's stock gained more than 570% since Berkshire first invested in 2016, illustrating how lucrative the sector can be...
Continue ReadingA myopic focus on dividends may be costing investors 2%-4% in returns per year. Click here to read what can lead to better investment outcomes...
Continue ReadingNvidia earnings and guidance easily beat views, buoying AI stocks overnight. The market rally is gaining strength, but look for this...
Continue ReadingWedbush Securities Managing Director Scott Devitt has initiated coverage on eight tech stocks including Meta (META), Alphabet (GOOGL), Amazon (AMZN), Shopify (SHOP), and Pinterest (PINS). Devitt says Alphabet will benefit from AI, ad innovation, and YouTube, while Meta, another AI play, will benefit from Instagram, which "should cross over 50% of revenue by 2025." Devitt likes Amazon because of its AI and cloud businesses, in addition to the recovery in retail and its growing ad business. Watch the video above to see what Devitt had to say about Shopify and Pinterest...
Continue ReadingSnap's most recent hires are part of a larger recruitment effort to turn its business around...
Continue ReadingGoogle TV is once again expanding its free live TV lineup. In April, the company announced the Google TV service was growing to include over 800 live TV channels, including those from Tubi, Plex, Haystack and others. Today, the company says it's adding 25 more free channels to the lineup, which can be watched without having to install any additional apps or needing to sign in.With the additions, there are now more than 100 free built-in channels out of the total 800 free channels, Google says.Am...
Continue ReadingAs companies move to the cloud, keeping data secure is always front of mind. While Google is quick to point out that it has never had an exploit in Google Workspace, it doesn’t mean it isn’t working to continually stay ahead of security issues.Today, the company announced a number of security-related enhancements to Google Workspace products, including GMail and Drive, some of which will take advantage of AI to automate certain tasks. It’s important to understand that these tools are still in de...
Continue ReadingShares of Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) turned higher Wednesday, gaining as much as 3.4%. A battle in India's New Delhi High Court was decided in Alphabet's favor this week. Two Public Interest Litigation petitions had been filed with the court asking that Google payments be forced to cease operations in India, citing alleged regulatory and privacy violations...
Continue ReadingAlphabet's Google, Meta Platforms, Microsoft, Twitter, TikTok and other tech giants should use EU online content rules that apply to them this Friday to restore trust and safety in their platforms, EU industry chief Thierry Breton said on Wednesday. The rules known as the Digital Services Act (DSA) require the companies to perform risk management, conduct external and independent auditing, share data with authorities and researchers and adopt a code of conduct. Obligations for the companies, which also include booking.com, Pinterest, Snap Inc's Snapchat, Wikipedia, Zalando and Alibaba's AliExpress are more onerous than others because they have more than 45 million users...
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