Tag GOOGL
Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG) and its important Google Search product reported warming financials to match the July heat. Revenue and earnings per share (EPS) increased 7% and 19%, respectively, beating expectations and breaking the streak of year-over-year EPS declines the internet giant had been reporting during the inflation-tinted bear market. Google Cloud counts many top artificial intelligence (AI) start-ups as customers...
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Eric Schmidt, former CEO of Google and co-founder of Schmidt Futures, has raised concerns about the potential for rampant misinformation surrounding the 2024 election because of the increased accessibility of advanced artificial intelligence (AI) tools. In a recent interview with CNBC's "Squawk Box," Schmidt emphasized that social media platforms are not adequately protecting users from false AI-generated content, making the upcoming elections vulnerable to misinformation. "The 2024 elections ar...
Continue ReadingA shot was just fired in a war between several technology giants. Is it an artificial intelligence (AI) skirmish? Nope. In this case, it's a map war. On Wednesday, the Overture Maps Foundation announced the release of an open map dataset that includes data on more than 59 million places across the world...
Continue ReadingWe have narrowed our search to five U.S. corporate behemoths. These are: META, GOOGL, ISRG, JNJ, PEP...
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The Dow's win streak is the longest since 1987 after Fed chief Powell's dovish hints. Meta and Nextracker were earnings winners late...
Continue ReadingRussian tech giant Yandex reported a 27% fall in second-quarter net profit on Thursday as costs rose from a year earlier when the company tightened spending in the immediate aftermath of Russia's invasion of Ukraine. Often dubbed "Russia's Google", Yandex has struggled to balance domestic pressures with the interests of its Western investors since Russia sent troops into Ukraine in February 2022. Yandex's net income fell to 9.6 billion roubles ($106.8 million) while its adjusted earnings before income, tax, depreciation and amortisation (EBITDA) fell 4% to 24.7 billion roubles...
Continue ReadingHow does Meta’s “year of efficiency” square with pouring ever more money into a lossmaking endeavour with limited public appeal? The latest metaverse-related quarterly operating loss takes the bill to nearly $43bn. Meanwhile, Meta is ramping up spending on the data centres needed to power artificial intelligence applications...
Continue ReadingMany investors have similar regrets about not buying Apple (NASDAQ: AAPL) in early 2009, when the stock was trading for roughly $3 per share. Since then, Apple stock has gained 6,450%, and many investors feel they should have bought the stock before the big run-up. Veteran Wedbush analyst Dan Ives has uncovered an intriguing parallel between Apple and Tesla (NASDAQ: TSLA)...
Continue ReadingIt appears as though investor optimism is surging, with the Nasdaq Composite index up 35% so far this year. This is exactly the type of rebound that investors wanted after the market tanked in 2022. Although stocks broadly are doing well, there are some individual businesses that look like good portfolio additions right now...
Continue ReadingLike many technology companies, the FAANG stocks were brutally punished during the downturn but have recently come roaring back, gaining 42% on average over the past year. The company specializes in reducing the complexity inherent in international e-commerce, handling the challenges of customs and duties, market-adjusted pricing, taxes, native languages, local shipping and returns, cross-border regulatory compliance, and local payment methods. Global-e's recent results illustrate the ongoing rebound in online retail...
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