Apple is reportedly in discussions with Tencent and ByteDance (the owner of TikTok) to incorporate their artificial intelligence (AI) models into iPhones sold in China. […]
Category: Tech
Intel CEO Pat Gelsinger Retires as Company Struggles to Compete with Rivals; Interim Co-CEOs Appointed
Intel announced on Monday that CEO Pat Gelsinger has retired, effective December 1. The company is facing challenges in catching up with competitors like TSMC […]
U.S. Finalizes $7.86 Billion Subsidy for Intel to Boost Domestic Semiconductor Production
The U.S. Commerce Department is finalizing a $7.86 billion government subsidy for Intel, down from the original $8.5 billion announced earlier this year. This reduction […]
Super Micro Computer Faces Nasdaq Delisting After Delayed Filings, 83% Drop in Stock
Super Micro Computer (SMCI), a major supplier of AI servers, has announced it won’t meet the deadline for filing its 10-Q report for the period […]
Bitcoin Hits Record High Above $84,000 as Short Sellers Lose $6B; U.S. Stocks See $20B Inflow and Dollar Strengthens After Trump’s Election Win
Bitcoin, the largest cryptocurrency in the world, reached an all-time high of over $84,000 on Monday. Traders who bet against MicroStrategy, a major supporter of […]
Wedbush Raises Tesla Price Target to $400 as Hedge Funds Bet on Banks and Short Renewable Energy Amid Trump Election Win
Wedbush has increased its price target for Tesla stock from $300 to $400, believing that a win for Trump in the U.S. presidential election will […]
Russian Court Orders Google to Pay Astronomical $20 Decillion Fine for Blocking TV Channels
A Russian court recently ordered Google to pay a mind-boggling $20 decillion in fines (that’s a number with 33 zeros) to Russian media networks. This […]
BYD Reports Record Revenue of 502.25 Billion Yuan, Outpacing Tesla for the First Time
BYD has outperformed Tesla in quarterly revenue for the first time as an electric vehicle company. For the first three quarters of 2024, BYD reported […]
Tesla Beats EPS Expectations ($0.72 vs $0.60) but Misses Revenue Forecast ($25.18B vs $25.4B)
Tesla ($TSLA) reported earnings per share (EPS) of $0.72, beating the forecast of $0.60. However, its revenue came in slightly below expectations at $25.18 billion, […]
Brokerage Reports on Tesla; Piper Sandler $310 | UBS $197 | Goldman Sachs $250 | Baird $280 | Canaccord Genuity $278 and more
Piper Sandler: Maintained an Overweight rating with a price target of $310. Wedbush: Continued with an Outperform rating and a price target of $300. Baird: […]
Cathie Wood Ark Invest Faces $3.5B Loss in 2024: Teladoc, Ginkgo, Roku Among Hardest Hit – Check Full List
Ark Invest’s Innovation ETF reported a $3.5 billion loss for the fiscal year ending in July 2024, contributing to a total accumulated loss of $22 […]
Microsoft and OpenAI Negotiate $14 Billion Investment Transition to For-Profit Model
Microsoft and OpenAI are currently negotiating how Microsoft’s nearly $14 billion investment will be structured as OpenAI shifts to a for-profit model. Reports from the […]