Apple CEO Tim Cook waves a checkered flag to the race winner at the Formula One United States Grand Prix Circuit of the Americas in Austin, Texas, on Oct. 23, 2022. Mike Segar | Reuters Apple will wind down its team working on electric cars, called Special Projects Group, according to Bloomberg. The news signals … Read more
Federal Trade Commission Chair Lina Khan speaks during the New York Times annual DealBook Summit in New York City on Nov. 29, 2023. Michael M. Santiago | Getty Images Federal Trade Commission Chair Lina Khan cited the surging stock prices of Nvidia and Arm as an example of how blocking mergers can lead to increased … Read more
Pavlo Gonchar | Lightrocket | Getty Images Unity Software shares plummeted 17% in extended trading on Monday after the gaming software company issued weaker-than-expected guidance for the current quarter. Here’s how the company did: Earnings: Loss of 66 cents per share. The results may not be comparable to the 46-cent loss predicted by analysts, according … Read more
A customer tries on the Apple Vision Pro headset during the product launch at an Apple Store in New York City on Feb. 2, 2024. Angela Weiss | Afp | Getty Images The Vision Pro, the new virtual reality headset from Apple, can transport you to Hawaii or the surface of the moon. It displays … Read more
Budrul Chukrut | Lightrocket | Getty Images Social media company Reddit filed its IPO prospectus with the Securities and Exchange Commission on Thursday after a yearslong run-up. The company plans to trade on the New York Stock Exchange under the ticker symbol “RDDT.” Reddit said it had $804 million in annual sales for 2023, up … Read more
The Nvidia logo is displayed on a smartphone. Jonathan Raa | Nurphoto | Getty Images Nvidia’s Data Center business just logged $18.4 billion in fourth-quarter sales, underscoring how the computer chip giant continues to benefit from the current boom in artificial intelligence. As part of Nvidia’s fourth-quarter earnings that were released Wednesday, the company said … Read more
NVIDIAâs CEO Jensen Huang attends a media roundtable meeting in Singapore December 6, 2023. Edgar Su | Reuters Nvidia is scheduled to announce fiscal fourth-quarter earnings after the bell Wednesday in a highly anticipated report that will give Wall Street a sense of how long the AI boom can last. Nvidia has been the primary … Read more
New York Yankees center fielder Aaron Judge, #99, hits his 62nd home run to beat the Roger Maris home run record during the game between the Texas Rangers and the New York Yankees at Globe Life Field in Arlington, Texas, on Oct. 4, 2022. Icon Sportswire | Icon Sportswire | Getty Images Apple on Wednesday … Read more
When Nvidia reports fiscal fourth-quarter earnings after the market close Wednesday, it will do so as the world’s third most valuable public company. Investors are giving the company little margin for error. Nvidia’s stock price has soared fivefold since the end of 2022, as demand has skyrocketed for its graphics processing units that sit at … Read more
Jeff Green, CEO, The Trade Desk Scott Mlyn | CNBC Shares of The Trade Desk jumped over 18% on Thursday after the advertising technology company issued strong first-quarter guidance and beat on revenue. Here’s what analysts were expecting: Earnings per share:Â 41 cents, adjusted vs. 43 cents expected by LSEG, formerly known as Refinitiv Revenue: $606 … Read more
