Technology News Archives | Page 25 Of 26

Apple to report earnings as investors worry about ‘mixed’ iPhone demand

Apple reports fourth-quarter earnings after the bell Thursday. It’s the end of Apple’s fiscal year, and it’s the first quarter with sales from the September launch of the iPhone 16. Here’s what to expect, according to LSEG consensus estimates: Earnings per share: $1.53 Revenue: $94.46 billion The most critical item will be what Apple signals […]

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Super Micro’s billion stock collapse underscores risk of AI hype

Super Micro’s $50 billion stock collapse underscores risk of AI hype

Technology News

The Super Micro Computer Inc. headquarters in San Jose, California, U.S., on Tuesday, Jan. 5, 2021. Bloomberg | Bloomberg | Getty Images In March, Super Micro Computer was added to the S&P 500 after an epic run that lifted the stock by more than 2,000% in two years, dwarfing even Nvidia’s gains. As it turned

Super Micro’s $50 billion stock collapse underscores risk of AI hype Read More »

Samsung Electronics’ chip profit shrinks 40% from the previous quarter

Technology News

Customers shop at a Samsung mobile store inside a shopping mall in New Delhi. Reuters | Anindito Mukherjee Samsung Electronics on Thursday reported third-quarter sales and operating profit slightly above its own expectations, but its chip business posted a sharply lower profit from the previous quarter. The semiconductor unit reported third-quarter operating profit of 3.86

Samsung Electronics’ chip profit shrinks 40% from the previous quarter Read More »

Even Mark Zuckerberg seems surprised by Meta’s pace of spending on AI

Technology News

Mark Zuckerberg, CEO of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, on Sept. 25, 2024. David Paul Morris | Bloomberg | Getty Images Meta has been so quick to build out its massive data center and computing infrastructure for artificial intelligence projects that CEO Mark Zuckerberg is even a

Even Mark Zuckerberg seems surprised by Meta’s pace of spending on AI Read More »

FTX’s Nishad Singh gets no jail time, 3 years supervised release for role in crypto fraud

Technology News

Nishad Singh, former director of Engineering at FTX Cryptocurrency Derivatives Exchange, left, and Claire Watanabe, former senior executive at FTX Cryptocurrency Derivatives Exchange, arrive at court in New York, on Oct. 30, 2024. Mackenzie Sigalos | CNBC Former FTX executive Nishad Singh was sentenced to time served and three years of supervised release on Wednesday,

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Meta set to report Q3 earnings after the bell

Technology News

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 25, 2024. David Paul Morris | Bloomberg | Getty Images Meta is slated to report third-quarter earnings on Wednesday after the close of regular trading. Here’s what analysts polled by LSEG are

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Reddit shares soar 40% on profitability, rosy guidance

Technology News

Reddit CEO Steve Huffman hugs mascot Snoo as Reddit begins trading on the New York Stock Exchange on March 21, 2024. Timothy A. Clary | AFP | Getty Images Shares of Reddit popped more than 40% on Wednesday, one day after the social media company posted a surprise profit in its third-quarter results and offered

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Apple updates MacBook Pro laptops with new chips, more memory for AI

Technology News

Tim Cook, CEO of Apple Inc., during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, on June 10, 2024. Bloomberg | Getty Apple on Wednesday introduced new MacBook Pro laptops with updated processors, in what is likely the company’s last major hardware announcement of the year. The new devices are equipped

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Google’s new CFO makes earnings call debut, says company can ‘push a little further’ on cost cuts

Technology News

Alphabet incoming CFO Anat Ashkenazi, who spent 23 years at Eli Lilly Eli Lilly For nine years, the CFO role at Google and parent company Alphabet was held by Ruth Porat, who took a giant pay package in 2015 to leave Wall Street for Silicon Valley. On Tuesday, Porat’s successor, Anat Ashkenazi, made her earnings

Google’s new CFO makes earnings call debut, says company can ‘push a little further’ on cost cuts Read More »

Sam Altman’s Reddit stake now worth over billion after post-earnings pop

Sam Altman’s Reddit stake now worth over $1 billion after post-earnings pop

Technology News

Sam Altman, CEO of OpenAI, at the Allen & Company Sun Valley Conference on July 9, 2024 in Sun Valley, Idaho. David A. Grogan | CNBC Sam Altman, the controversial CEO of OpenAI, has a stake in social media company Reddit that’s worth over $1 billion as of post-market trading on Tuesday. Altman controls roughly

Sam Altman’s Reddit stake now worth over $1 billion after post-earnings pop Read More »

Apple to report earnings as investors worry about ‘mixed’ iPhone demand

Samsung Electronics’ chip profit shrinks 40% from the previous quarter

FTX’s Nishad Singh gets no jail time, 3 years supervised release for role in crypto fraud

Apple updates MacBook Pro laptops with new chips, more memory for AI

Google’s new CFO makes earnings call debut, says company can ‘push a little further’ on cost cuts

Sam Altman’s Reddit stake now worth over $1 billion after post-earnings pop

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