Alphabet Inc
GM halts funding of robotaxi development by Cruise
A in San Francisco, California, US, on Thursday Aug. 10, 2023. David Paul Morris | Bloomberg | Getty Images General Motors said Tuesday that it will no longer fund robotaxi development work by Cruise citing “capital allocation priorities,” and “the considerable time and resources that would be needed to scale the business, along with an increasingly […]
Read More
Alphabet shares jump 5% after Google touts ‘breakthrough’ quantum chip
A person shows Google Quantum AI’s “Willow” chip, in this undated handout photo obtained by Reuters on December 6, 2024. Google | Via Reuters Alphabet shares rose 5% during trading on Tuesday, the day after the company hailed its latest quantum computing chip as a “breakthrough.” The Google parent company on Monday revealed “Willow,” a quantum computing […]
Read More
Quantum computing stock rockets higher by 50% after Google breakthrough. Hedge fund manager is long
Shares of little-known Rigetti Computing surged Tuesday as excitement around quantum computing bubbled following a major announcement from Google. Rigetti last traded 50% higher to $6.76, on track for its second-biggest day on record. The stock soared more than 58% on Nov. 25, marking its best session ever. Google on late Monday said its new […]
Read More
Oracle shares head for worst day of 2024 after earnings miss
Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco, California, U.S., on Sunday, Oct. 1, 2017. David Paul Morris | Bloomberg | Getty Images Oracle shares dropped 8% on Tuesday and headed for their steepest drop in a year following the database software vendor’s disappointing earnings […]
Read More
Stocks making the biggest moves midday: Alphabet, SiriusXM, MongoDB, Alaska Air Group and more
Check out the companies making headlines in midday trading. Alphabet — The online search giant operator launched its latest quantum chip, called Willow. Alphabet said this marks a major breakthrough in the field of quantum computing, leading shares 4% higher. Quantum computing is considered as the next frontier for many tech companies. Oracle — Shares […]
Read More
Google claims quantum computing milestone — but the tech can’t solve real-world problems yet
A woman bikes by a giant Google logo at Google’s Bay View campus in Mountain View, California on Aug 13, 2024 where the “Made by Google” media event was held today. Josh Edelson | AFP | Getty Images Google has unveiled a new chip that it says marks a major breakthrough in the field of […]
Read More
Tesla sued by deceased driver’s family over ‘fraudulent misrepresentation’ of Autopilot safety
Tesla Supercharger stations are seen in a parking lot in Austin, Texas, on Sept. 16, 2024. Brandon Bell | Getty Images Tesla is being sued by the family of a driver who died in a 2023 collision, claiming that the company’s “fraudulent misrepresentation” of its Autopilot technology was to blame. The Tesla driver, Genesis Giovanni […]
Read More
Oracle shares slide on earnings and revenue miss
Oracle chairman and chief technology officer Larry Ellison speaks at the Oracle OpenWorld conference in San Francisco on Sept. 16, 2019. Justin Sullivan | Getty Images News | Getty Images Oracle shares slid 7% in extended trading on Monday after the database software company reported fiscal second-quarter results that fell short of analysts’ estimates. Here […]
Read More
Goldman predicts these names will have four times the return of the typical stock with less risk
For investors looking for ways to beat the market after a stellar year, Goldman Sachs is touting a portfolio of names that have the highest expected risk-adjusted returns. The bank is recommending its clients check out stocks with high Sharpe ratios, a measure of an asset’s performance relative to its volatility. The firm expects the […]
Read More
Reddit begins testing AI-powered answers feature to win more users
Reddit is rolling out a new artificial intelligence feature designed to help people quickly find answers based on user posts, the company said Monday. A small portion of Reddit’s U.S. user base will have access to the Reddit Answers feature as part of an initial test before the company rolls the feature out more broadly. […]
Read More