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NVIDIA is a leading technology company, best known for its powerful GPUs, which started in gaming but now dominate in fields like artificial intelligence (AI), data centers, and autonomous vehicles. The company's key product lines include GeForce GPUs for gaming, AI-focused chips for data...
Qualcomm has entered early discussions with Intel to explore a potential acquisition, marking a significant shift in the semiconductor industry. Reports from Reuters suggest that these discussions, led by Qualcomm’s CEO Cristiano Amon, are still in the preliminary stages, with no formal offer...
Dear Investors,
As we navigate the current landscape in the technology sector, here are key insights and recommendations to guide your investment decisions:
Market Developments: Recent news highlights a significant $250 billion reshuffling of index funds, notably benefiting tech giants like...
Sakana AI, a startup backed by NVIDIA, has raised more than $210 million in Series A funding, surpassing its $100 million target. The company, which specializes in integrating large language models (LLMs) and automating their processes, is valued at over $1.5 billion just a year after its...
Salesforce and IBM have entered into a strategic partnership aimed at overcoming the challenges of AI implementation in the highly-regulated finance sector. The collaboration combines Salesforce’s Agentforce platform, a suite of autonomous agents, with IBM’s advanced watsonx AI capabilities to...
Moderna Inc. (MRNA) shares saw a significant rise on Tuesday, climbing nearly 4% after Canadian regulators approved the company's updated COVID-19 vaccine, Spikevax KP.2. The vaccine, which targets the KP.2 variant of the virus (a descendant of the JN.1 variant), is now authorized for use in...
Palantir Technologies (NYSE: PLTR) has had a strong year, with its stock up over 100% and a market capitalization of $80 billion. The company's revenue is accelerating, it has begun generating positive earnings, and free cash flow is improving. Palantir recently announced it will join the S&P...
Intel has announced plans to spin off its foundry business into an independent subsidiary, retaining leadership but gaining an operating board with independent directors. As part of cost-cutting efforts, Intel will pause its chip projects in Poland and Germany for two years and reevaluate its...
Microsoft (MSFT) made significant announcements on Monday, unveiling a $60 billion stock buyback program and a 10% increase in its quarterly dividend, raising it from 75 cents to 83 cents per share. This dividend is set to be paid on December 12, with shareholders on record as of November 21...
CrowdStrike (NASDAQ: CRWD) has unveiled the expansion of its Cybersecurity Startup Accelerator program in partnership with Amazon Web Services (AWS) and NVIDIA, aiming to nurture the next wave of groundbreaking cloud security and artificial intelligence (AI) startups. This initiative, announced...
CrowdStrike (NASDAQ: CRWD) and 1Password have announced an expanded strategic partnership aimed at providing robust, AI-powered cybersecurity solutions to 150,000 small and midsize businesses (SMBs). This collaboration combines 1Password’s Extended Access Management (XAM) with CrowdStrike’s...
Zenith Bank Plc has announced an extension of its rights issue and public offer deadlines to September 23, 2024, from the original closing date of September 9, 2024. This decision follows the receipt of approval from the Securities and Exchange Commission (SEC) and is attributed to disruptions...
ABM Industries (NYSE: ABM) delivered solid third-quarter earnings for 2024, marked by significant growth in key segments. Sales increased 3.3% year-over-year (Y/Y), reaching $2.09 billion, surpassing the consensus estimate of $2.037 billion. This growth was fueled by outstanding performance in...
Verizon Communications Inc. has agreed to purchase Frontier Communications Parent Inc. for an enterprise value of $20 billion, marking a significant move in the telecommunications industry. The acquisition, detailed in a joint statement, includes a cash offer of $38.50 per share, representing a...
Huawei Technologies Co. is poised to directly challenge Apple Inc. by scheduling a major product launch just hours after Apple’s highly anticipated iPhone 16 debut on September 9, 2024. Huawei's event, set for September 10, is expected to showcase a range of groundbreaking products, including...
Dell Technologies has increased its annual revenue and profit forecasts, driven by surging demand for its AI-optimized servers powered by Nvidia chips. The company reported a 38% increase in its Infrastructure Solutions Group's revenue, reaching a record $11.65 billion in Q2 2024. Dell’s AI...
Warren Buffett’s Berkshire Hathaway achieved a significant milestone on Wednesday, closing with a market value exceeding $1 trillion for the first time in its history. This landmark reflects deep investor confidence in the conglomerate, which Buffett has meticulously built over nearly six...
CrowdStrike CEO George Kurtz underscored the resilience of the cybersecurity firm during an earnings call, following a significant software glitch that caused a global outage and affected millions of systems. Despite the crisis, which resulted in a 27% drop in the company's shares and is...
Nvidia (NASDAQ: NVDA) has been at the forefront of the artificial intelligence (AI) revolution, with its GPUs becoming essential for developing large language models and generative AI. This has led to a meteoric rise in Nvidia's stock, which has gained over 150% this year and more than 750%...
Uber is expanding its partnership with Coco, a sidewalk robot delivery service, to enhance its Uber Eats platform. Initially launching in Los Angeles, the collaboration aims to broaden its reach to more cities later in 2024.
Coco’s fleet, consisting of over 1,000 emissions-free robots, is...
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