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AppLovin shares tumble 13% as short sellers question its centerpiece AXON ad software
Sheldon Cooper | Lightrocket | Getty Images Shares of AppLovin tumbled 13% Wednesday as two short-seller reports cast doubt on the integrity of the company’s AI-powered AXON advertising software that helped drive the tech giant to become the top-performing tech stock of 2024. Short seller Fuzzy Panda alleged that the AXON model was “the nexus […]
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Apple shareholders reject outside proposal to end DEI programs
CEO of Apple Tim Cook poses as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, U.S. September 9, 2024. Manuel Orbegozo | Reuters Apple shareholders on Tuesday rejected a request to abolish its Inclusion & Diversity program, signaling that investors still see value in the company’s diversity programs. […]
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Nvida to report earnings amid infrastructure spending, DeepSeek concerns
Nvidia is scheduled to report fourth-quarter financial results on Wednesday after the bell. It’s expected to put the finishing touches on one of the most remarkable years from a large company ever. Analysts polled by FactSet expect $38 billion in sales for the quarter ended in January, which would be a 72% increase on an […]
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Chegg sues Google for hurting traffic with AI as it considers strategic alternatives
Chegg seen at the New York Stock Exchange on Feb. 13, 2025. Danielle DeVries | CNBC Chegg on Monday filed suit in federal district court against Google, claiming that artificial intelligence summaries of search results have hurt the online education company’s traffic and revenue. The legal move come nearly two years after former CEO Dan […]
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Stocks making the biggest moves midday: Berkshire Hathaway, Robinhood, Nike, Palantir and more
Check out the companies making headlines in midday trading: Berkshire Hathaway — Class A shares of Warren Buffett’s conglomerate jumped nearly 4% following a strong earnings report . The conglomerate said its operating profit skyrocketed 71% to $14.5 billion in the fourth quarter, led by a 302% jump in insurance underwriting. Auto insurer Geico had […]
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PayPal brings many of its brands under a single umbrella, but Venmo remains a stand-alone
A PayPal sign is seen at its headquarters in San Jose, California, on Jan. 30, 2024. Justin Sullivan | Getty Images News | Getty Images For Frank Keller, it’s a pivotal moment at PayPal. After two years, two CEOs and endless brand strategy meetings, the company is, in his view, ready to redefine the world […]
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Top tech companies turn to hydrogen and nuclear energy for AI data centers
Yuval Bachar knows data centers. He’s worked on them for Meta, Microsoft and Cisco, but now, his startup is looking to help Silicon Valley run data centers with lower carbon dioxide emissions. ECL, Bachar’s startup, builds hydrogen-powered data centers. Hydrogen is a novel energy source for data centers that is more eco-friendly, and more importantly […]
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StockStory: A volatile tech stock worth owning for the long-term because of its dominance of a niche area
This is one of the stock profiles of StockStory , a fintech investing company seeking to identify long-term ideas that beat the market using an AI-driven approach. Previously StockStory covered Cloudflare (NET) and Howmet Aerospace (HWM) . As the world digitizes, buying advertising inventory is moving from power lunches to programmatic platforms that leverage data […]
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Nvidia and PCE will have to deliver next week for a stock market in search of direction
A stock market in search of direction could very well get one next week. Investors are about to react to two potentially major market-moving events in the week ahead. Nvidia is set to come out with its first earnings report since China’s DeepSeek in January rattled the outlook for artificial intelligence companies. And last month’s […]
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Elon Musk has a problem with X’s Community Notes when he disapproves of the results
Elon Musk, CEO of Tesla and SpaceX and owner of social media platform X, speaks at the Conservative Political Action Conference at the Gaylord National Resort Hotel and Convention Center in Oxon Hill, Maryland, Feb. 20, 2025. Andrew Harnik | Getty Images For X owner Elon Musk, the solution to monitoring misinformation online has been […]
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