UBS on Thursday downgraded shares of PC maker HP, weakening consumer demand for the company’s products and high valuation following a run higher.
Source
HP downgraded by UBS on valuation following pop from Buffett buy
Technology
While AI spending is top of mind, online ads are driving a lot of Big Tech’s growth
META CEO Mark Zuckerberg (L) and Microsoft CEO Satya Nadella. Getty Images As tech giants increase their already breathtaking spending on artificial intelligence, their respective digital advertising businesses have also gained momentum. Quarterly earnings reports this week from Meta, Amazon, Alphabet and Microsoft all showed healthy revenue on the ads front. The rising online advertising […]
Read More
Technology
Gaming billionaire: Prepare for AI to ‘completely disrupt everything’ across the industry
Min-Liang Tan speaks during a conference at SXSW Sydney on October 16, 2024 in Sydney, Australia. Nina Franova | Getty Images Artificial intelligence is set to have a huge impact on the gaming industry and its billions of players, according to Min-Liang Tan, the billionaire CEO and co-founder of gaming firm Razer. From the ways […]
Read More
Technology
Cramer says Amazon CEO Andy Jassy just sent a very expensive message to the bears
It was not surprising that Amazon shares surged on Friday morning after the company’s “show me” quarter proved to be a “show of major force” from CEO Andy Jassy, according to CNBC’s Jim Cramer. Amazon reported third-quarter results Thursday evening that reignited investor enthusiasm in its cloud business, Amazon Web Services, the biggest in the […]
Read More