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Broadcom beats on profit, says AI revenue more than tripled this year
Broadcom CEO Hock Tan. Lucas Jackson | Reuters Broadcom reported better-than-expected fourth-quarter earnings on Thursday and said artificial intelligence revenue for the year more than tripled. The chipmaker’s stock ticked higher in extended trading. Here’s how Broadcom did versus LSEG consensus estimates for the quarter ending Nov. 3: Earnings per share: $1.42, adjusted vs. $1.38 […]
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Facebook, Instagram and other Meta apps go down due to ‘technical issue’
Mark Zuckerberg, CEO of Meta Platforms, during the Meta Connect event in Menlo Park, California, on Sept. 25, 2024. David Paul Morris | Bloomberg | Getty Images Meta’s family of apps including Facebook and Instagram were down on Wednesday, resulting in users being unable to access the services. The widespread outages began around 9:57 a.m. […]
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Apple launches its ChatGPT integration with Siri
Jaque Silva | Nurphoto | Getty Images Apple released updates for its iPhone, iPad and Mac software on Wednesday that include a long-awaited ChatGPT integration with Siri. The ChatGPT integration triggers when users ask Siri complicated questions. When Siri is asked a question that Apple’s software identities as better suited for ChatGPT, it asks the […]
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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 […]
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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 […]
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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 […]
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Super Micro gets Nasdaq listing extension, says it can file financials by February
The Super Micro Computer headquarters in San Jose, California, on Dec. 3, 2024. David Paul Morris | Bloomberg | Getty Images Embattled server maker Super Micro Computer said on Friday that it received an extension from Nasdaq, giving the company until February to maintain its listing on the stock exchange. The stock rose 7% in […]
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Trump says venture capitalist David Sacks will be AI and crypto ‘czar’
Zenefits CEO David Sacks speaks at the TechCrunch Disrupt conference in San Francisco, Calif. Paul Chinn | San Francisco Chronicle | Hearst Newspapers via Getty Images Venture investor and podcaster David Sacks will join the Trump administration as the “White House A.I. & Crypto Czar,” President-elect Donald Trump announced on Truth Social on Thursday. Sacks […]
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Salesforce shares rise after earnings beat on revenue, fourth-quarter guidance
Marc Benioff, chief executive officer of Salesforce speaks during the World Economic Forum (WEF) in Davos, Switzerland on January 18, 2024. Halil Sagirkaya | Anadolu | Getty Images Salesforce shares were up 7% on Tuesday after the company reported its fiscal third-quarter earnings, reporting revenue and fiscal fourth-quarter guidance that exceeded analysts’ expectations. Here is […]
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Apple says it uses Amazon’s custom AI chips
Amazon CEO, Andy Jassy speaking with CNBC’s Jim Cramer on Mad Money in Seattle, WA. on Dec. 6th, 2023. CNBC Apple is currently using Amazon Web Services’ custom artificial intelligence chips for services like search and will evaluate if the company’s latest AI chip can be used to pre-train its models like Apple Intelligence. Apple […]
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