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AppLovin’s 300% surge in 2024 leaves ad-tech company with big expectations for earnings

AppLovin’s 300% surge in 2024 leaves ad-tech company with big expectations for earnings

Finance News

While Nvidia’s spectacular surge remains the biggest story in the technology industry, the AI chipmaker’s performance on the market has been dwarfed this year by a digital advertising company with a specialty in gaming. AppLovin has soared 310% in 2024, beating every U.S. tech company with a market cap of at least $5 billion, according […]

AppLovin’s 300% surge in 2024 leaves ad-tech company with big expectations for earnings Read More »

SK Hynix rallies 6.5% after Nvidia boss Jensen Huang asks firm to expedite next-generation chip

SK Hynix rallies 6.5% after Nvidia boss Jensen Huang asks firm to expedite next-generation chip

Finance News

Chey Tae-won, chairman of SK Group, during the SK AI Summit in Seoul, South Korea, on Monday, Nov. 4, 2024. SK Hynix is working with Nvidia to resolve the supply bottleneck, Chey said.  Jean Chung | Bloomberg | Getty Images Shares of SK Hynix rallied 6.5% on Monday after the business announced a next-generation memory chip

SK Hynix rallies 6.5% after Nvidia boss Jensen Huang asks firm to expedite next-generation chip Read More »

Buy now, pay later giant Affirm expands to the UK in first major international foray

Buy now, pay later giant Affirm expands to the UK in first major international foray

Finance News

PayPal Inc. co-founder and Affirm’s CEO Max Levchin on center stage during day one of Collision 2019 at Enercare Center in Toronto, Canada. Vaughn Ridley | Sportsfile | Getty Images LONDON — Buy now, pay later firm Affirm launched Monday its installment loans in the U.K., in the company’s first expansion overseas. Founded in 2012, Affirm

Buy now, pay later giant Affirm expands to the UK in first major international foray Read More »

From nuclear to quantum computing, how Big Tech intends to power AI’s insatiable thirst for energy

From nuclear to quantum computing, how Big Tech intends to power AI’s insatiable thirst for energy

Finance News

Industrial chiller at Yotta Data Services Pvt. data center, in Navi Mumbai, India, on Thursday, Mar. 14, 2024. Bloomberg | Bloomberg | Getty Images A huge upswing in the number of data centers worldwide shows no signs of slowing down, prompting Big Tech to consider how best to power the artificial intelligence revolution. Some of

From nuclear to quantum computing, how Big Tech intends to power AI’s insatiable thirst for energy Read More »

Super Micro’s 44% plunge this week wipes out stock’s gains for the year

Super Micro’s 44% plunge this week wipes out stock’s gains for the year

Finance News

Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. The trade show runs through June 7.  Annabelle Chih | Bloomberg | Getty Images Super Micro investors continued to rush the exits on Friday, pushing the stock down another 9% and bringing this

Super Micro’s 44% plunge this week wipes out stock’s gains for the year Read More »

Apple to buy Pixelmator, the iPhone image editing app with AI features

Apple to buy Pixelmator, the iPhone image editing app with AI features

Finance News

Peopl walk outside Steve Jobs Theater at the Apple Park campus before Apple’s “It’s Glowtime” event in Cupertino, California, on Sept. 9, 2024. Nic Coury | AFP | Getty Images Apple will buy Pixelmator, the creators of image editing apps for Apple’s iPhone and Mac platforms, Pixelmator announced on Friday in a blog post. Pixelmator,

Apple to buy Pixelmator, the iPhone image editing app with AI features Read More »

Amazon CEO pledges AI investments will pay off as capital expenditures surge 81%

Amazon CEO pledges AI investments will pay off as capital expenditures surge 81%

Finance News

Amazon CEO, Andy Jassy speaking with CNBC’s Jim Cramer on Mad Money in Seattle, WA. on Dec. 6th, 2023. CNBC Amazon CEO Andy Jassy is trying to reassure investors who may be worried about the future payoff of the company’s massive investments in generative artificial intelligence. On a conference call with analysts following the company’s

Amazon CEO pledges AI investments will pay off as capital expenditures surge 81% Read More »

Intel shares pop 15% on earnings beat, uplifting guidance

Intel shares pop 15% on earnings beat, uplifting guidance

Finance News

Intel CEO Pat Gelsinger holds an artificial intelligence processor as he speaks during the Computex conference in Taipei, Taiwan, on June 4, 2024. Annabelle Chih | Bloomberg | Getty Images Intel shares jumped 15% in extended trading on Thursday after the chipmaker reported better-than-expected revenue and issued quarterly guidance that topped expectations. Here’s how the

Intel shares pop 15% on earnings beat, uplifting guidance Read More »

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