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Alphabet shares fall more than 7% on revenue miss, AI investment boost

Alphabet shares fall more than 7% on revenue miss, AI investment boost

Technology News

CEO of Alphabet and Google Sundar Pichai in Warsaw, Poland on March 29, 2022. Mateusz Wlodarczyk | Nurphoto | Getty Images Alphabet shares dropped more than 7% premarket Wednesday after the search giant fell short of Wall Street’s fourth-quarter revenue expectations and announced big spending plans for its ongoing artificial intelligence buildout. The company topped […]

Alphabet shares fall more than 7% on revenue miss, AI investment boost Read More »

Alphabet expects to invest about billion in capex in 2025

Alphabet expects to invest about $75 billion in capex in 2025

Technology News

Sundar Pichai, CEO of Google and Alphabet Inc., speaks at the inaugural 2024 Business, Government, and Society Forum at the Stanford Graduate School of Business in Stanford, California, U.S., April 3, 2024.  Carlos Barria | Reuters Alphabet CEO Sundar Pichai said the company plans to invest more money in innovating artificial intelligence and its core

Alphabet expects to invest about $75 billion in capex in 2025 Read More »

Stripe closes .1 billion Bridge deal, prepares for aggressive stablecoin push

Stripe closes $1.1 billion Bridge deal, prepares for aggressive stablecoin push

Technology News

Patrick Collison, CEO and co-founder of Stripe, speaking at 2022’s Italian Tech Week in Turin, Italy. Giuliano Berti | Bloomberg | Getty Images SAN FRANCISCO — What started as a casual roundtable at Stripe’s headquarters to discuss issues facing fintech companies turned into a billion-dollar acquisition that could become a defining moment for the industry.

Stripe closes $1.1 billion Bridge deal, prepares for aggressive stablecoin push Read More »

Nintendo posts profit miss as it slashes Switch forecast again ahead of console’s successor

Nintendo posts profit miss as it slashes Switch forecast again ahead of console’s successor

Technology News

Nintendo has kept players interested in its ageing Switch console series through key games with characters such as Super Mario and Zelda. Charly Triballeau | AFP | Getty Images Nintendo on Tuesday reported weaker-than-expected top and bottom results for its fiscal third quarter, slashing its forecast for the Switch console ahead of the release of

Nintendo posts profit miss as it slashes Switch forecast again ahead of console’s successor Read More »

Palantir shares surge 15% after company posts strong earnings and outlook

Palantir shares surge 15% after company posts strong earnings and outlook

Technology News

Alex Karp, chief executive officer of Palantir Technologies Inc., during a Bloomberg Technology television interview during the FoundryCon event in Palo Alto, California, US, on Thursday, March 7, 2024.  David Paul Morris | Bloomberg | Getty Images Palantir shares surged as much as 18% in extended trading on Monday after the software company reported fourth-quarter

Palantir shares surge 15% after company posts strong earnings and outlook Read More »

Trump tariffs take aim at trade loophole used by Chinese online retailers like Temu and Shein

Trump tariffs take aim at trade loophole used by Chinese online retailers like Temu and Shein

Technology News

Shein and Temu icons are seen displayed on a phone screen in this illustration photo taken in Krakow, Poland on August 27, 2024.  Jakub Porzycki | Nurphoto | Getty Images President Donald Trump’s tariffs against China, Canada and Mexico target a trade provision that helped fuel the explosive growth of budget online retailers, including Temu

Trump tariffs take aim at trade loophole used by Chinese online retailers like Temu and Shein Read More »

Intel issues weak forecast, citing seasonality and an uncertain economy

Intel issues weak forecast, citing seasonality and an uncertain economy

Technology News

Michelle Johnston Holthaus, Intel’s co-CEO and then executive vice president and general manager of the company’s Client Computing Group, holds a Intel Core Ultra processor as she speaks during the Intel AI Everywhere event in New York on Thursday, Dec. 14, 2023. Victor J. Blue | Bloomberg | Getty Images Intel issued disappointing quarterly guidance

Intel issues weak forecast, citing seasonality and an uncertain economy Read More »

IBM rallies nearly 14%, heads for best day ever on strong earnings

IBM rallies nearly 14%, heads for best day ever on strong earnings

Technology News

Chairman, President and Chief Executive Officer of IBM Arvind Krishna attends the 55th annual World Economic Forum (WEF) meeting in Davos, Switzerland, Jan. 22, 2025.  Yves Herman | Reuters IBM surged 14% Thursday on the back of a strong fourth-quarter print that showed artificial intelligence growth boosting its software business. The move put the stock

IBM rallies nearly 14%, heads for best day ever on strong earnings Read More »

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