Breaking News: Technology - Donnecommebernard

The meta drop gives a false picture of returns. We are increasing our price target

October 31, 2024 | angela | Leave a Comment

Don't let the after-hours market action fool you, Meta Platforms delivered a really strong third quarter and a current quarter revenue report that was above expectations. Revenue rose nearly 19% year-on-year to $40.59 billion in the three months ended Sept. 30, beating expectations of $40.29 billion, according to analyst estimates compiled by LSEG. Third-quarter earnings […]

Amazon's advertising business grew 19% in the third quarter

October 31, 2024 | angela | Leave a Comment

Dominika Zarzycka | Photo only | Getty Images Amazon's Its online advertising business posted third-quarter revenue of $14.3 billion, up 19% year over year, in line with analyst estimates of $14.3 billion. The Seattle tech giant announced the financial results of its growing advertising unit on Thursday as part of its latest earnings report. Amazon's […]

Intel (INTC) Q3 2024 Earnings Report

October 31, 2024 | angela | Leave a Comment

Intel CEO Pat Gelsinger holds an artificial intelligence processor as he speaks during the Computex conference in Taipei, Taiwan, June 4, 2024. Annabelle Chih | Bloomberg | Getty Images Intel Shares rose 12% in extended trading on Thursday after the chipmaker reported better-than-expected sales and issued quarterly guidance that beat expectations. Here's how the company […]

Uber (UBER) Q3 2024 results

October 31, 2024 | angela | Leave a Comment

Above reported third-quarter results on Thursday that beat Wall Street's revenue expectations but missed analysts' forecasts for gross bookings. The company's shares fell more than 7% on Thursday morning. This is how the company did it: Earnings per share: $1.20 versus LSEG's expected 41 cents. Revenue: $11.19 billion versus LSEG's expected $10.98 billion Uber's third-quarter […]

Super Micro's $50 billion stock collapse highlights the danger of AI hype

October 31, 2024 | angela | Leave a Comment

Super Micro's billion stock collapse highlights the danger of AI hype

The headquarters of Super Micro Computer Inc. in San Jose, California, USA, on Tuesday, January 5, 2021. Bloomberg | Bloomberg | Getty Images In March, Super microcomputer was added to the S&P 500 after an epic rise that boosted the stock by more than 2,000% in two years, eclipsing it Nvidia's Profits. As it turned […]

Snap Q3 2024 Earnings Report

October 30, 2024 | angela | Leave a Comment

The head of Snapchat operator Snap, Evan Spiegel, will present the new generation of Spectacles on September 17, 2024 in Los Angeles. Andrei Sokolov | Picture Alliance | Getty Images Snap reported better-than-expected third-quarter results on Tuesday but gave weak guidance for the fourth quarter. The stock rose more than 10% in extended trading. This […]

Amazon is betting on nuclear power and investing more than $500 million in the development of small modular reactors

October 18, 2024 | angela | Leave a Comment

Amazon is betting on nuclear power and investing more than 0 million in the development of small modular reactors

Amazon Web Services is investing more than $500 million in nuclear energy, announcing three projects from Virginia to Washington state. AWS, AmazonThe cloud computing subsidiary has a huge and increasing need for clean energy as it expands its services to include generative AI. It's also part of Amazon's path to net-zero carbon emissions. AWS announced […]

Amazon announces Colorsoft, the first Kindle with a color screen, for $279

October 18, 2024 | angela | Leave a Comment

Amazon announces Colorsoft, the first Kindle with a color screen, for 9

Kindle Colorsoft 2024 Amazon Amazon announced on Wednesday a new Kindle e-reader that features a color display for the first time ever. The retail giant launched the Kindle in 2007 and since then every device has featured a black and white screen. The new Kindle features a display that ensures colors don't appear washed out […]

Amazon Prime Video to stream the election special hosted by Brian Williams

October 17, 2024 | angela | Leave a Comment

Brian Williams. Lloyd Bishop | NBC | Getty Images Amazon announced Thursday that it plans to host an election night special hosted by Brian Williams, marking the company's first foray into live coverage. The one-night special will debut election results and analysis on Prime Video starting November 5 at 5 p.m. ET, the company said. […]

Google CEO names new head of search and advertising and appoints predecessor as CTO

October 17, 2024 | angela | Leave a Comment

Prabhakar Raghavan, senior vice president at Google, speaks during the winter meeting of the U.S. Conference of Mayors on Wednesday, January 17, 2024 in Washington, DC, USA. Yulia Nikhinson | Bloomberg | Getty Images Google replaces Prabhakar Raghavan, the company's search and advertising chief, with long-time Google executive Nick Fox. The move was announced by […]