Fourth quarter results beat Wall Street expectations, as overall sales rise 6 percent, but EU tax ruling hits profits
TECHNOLOGY POWERING BUSINESS
News Financial Results
Shares In Nvidia Fall, Despite Record Profits, Sales
Nvidia announces $50 billion stock buyback after impressive Q2 financials, but shares slip despite strong demand for AI chips
Intel Sued By Shareholders After Dividend Suspension, Stock Price Crash
Shareholders alleged being blindsided after Intel's weak Q2 results, job losses, dividend suspension, triggered share price plunge
Apple Beats Expectations, Despite Falling iPhone Sales
Another solid quarterly financial performance from Apple, despite concerns over iPhone shipments in mainland China
Intel To Cut 15 Percent Of Workforce, Suspends Dividend
Shares in Intel plummet over 20 percent after chip giant confirms thousands of job losses and suspends dividend payments
Meta Posts Strong Q2 Amid Heavy AI Spending
Facebook parent Meta Platforms delivers strong Q2 financials which beats Wall Street expectations, raising its share price
Microsoft Slowdown In Cloud Growth Worries Wall Street
Share price falls after investors react negatively, as Microsoft's Azure growth misses ambitious expectations
Alphabet Q2 Beats Expectations, But Shares Dip
Despite share buyback and positive Q2 results, Alphabet's share price falls over YouTube slowdown and margin declines
Apple Announces Record Share Buyback, Amid iPhone Sales Decline
Investor appeasement? Apple unveils huge $110 billion share buyback program, as sales of iPhone decline in almost all global markets
Microsoft Beats Expectations Thanks To AI Investments
Customer adoption of AI services embedded in cloud services continues to deliver results for Microsoft, pushing shares higher
Meta Declines On Heavy AI Spending Plans, Despite Strong Q1
Share price hit after Meta admits heavy AI spending plans, after posting strong first quarter financial results
Tesla Posts Biggest Revenue Drop Since 2012
Elon Musk firm touts cheaper EV models, as profits slump over 50 percent in the face of falling sales and staff layoffs
Nvidia Nears $2 Trillion Value, As AI Boosts Profits, Sales
Financial results surpass Wall Street expectations and drive Nvidia's market value close to the $ 2 trillion mark
Cisco Confirms It Will Cut More Than 4,000 Jobs
Bad news confirmed for employees at Cisco, after business confirms that more than 4,000 jobs are to be axed
Meta Pleases As ‘Year Of Efficiency’ Pays Off With FY23 Results
Mark Zuckerberg and his “year of efficiency” pledge made in Feb 2023, has been viewed as successful by investors
Apple Lowers iPhone Forecast, As Tim Cook Touts ‘AI Announcement’
Modest increase in first quarter profit and revenues, as Apple lowers iPhone shipment forecast, amid China sales decline
Alphabet’s Ad Revenue Miss Punished By Investors
Another tech industry bellweather, Alphabet, delivers strong Q4 and FY23 financials, yet investors not happy at ad revenue miss
Microsoft Profit Rises 33 Percent Thanks To AI, Cloud
Strong AI adoption and cloud helps Microsoft deliver another strong quarterly performance, amid $3 trillion valuation
Apple Disappoints As FY23 Results Decline
Declines for Mac, iPads and wearables, home and accessories, plus gloomy holiday season outlook, dents Apple's Q4 and full year results
Meta Profit Soars From Ongoing Strong Ad Spending
Meta Platforms beats expectations in its Q3 financials, helped by an ongoing uptick in digital ad spend and cost cutting measures
Alphabet Profits But Cloud Sales Disappoints
Share price drops after Google Cloud miss, overshadows better-than-expected results for Alphabet's third quarter
Microsoft Q1 Benefits From Cloud Strength
Microsoft beats Wall Street expectations in all categories for its first quarter financial results, helped by strong cloud performance
Nvidia Reaps AI Chip Demand As Profit Surges
Quarterly profits at Nvidia rocket up 843 percent, as GPU powerhouse benefits massively from demand for AI chips
Apple Shares Fall, Amid Weak iPhone Sales
Solid Q3 results from Apple all things considered, but weak iPhone sales and outlook statement by CFO, dampens investor hopes
Samsung Extends Chip Production Cuts After $7 Billion Loss
Electronics giant extends production cuts of memory chips after $7 billion loss in first half of 2023, but says the worse is over
Facebook Parent Meta Profits From Advertising Increase
Year of efficiency paying off for Mark Zuckerberg, as Meta enjoys a strong second quarter thanks in part to advertising uptick
Alphabet CFO Steps Aside, As Q2 Profit Beats Expectations
CFO Ruth Porat to take charge of Google's 'Other Bets' portfolio, as second quarter profit beat expectations
Microsoft Signals Heavy AI Spending, Amid Healthy FY23 Results
Software giant beats Wall Street Q4 expectations, as firm details heavy spending to meet demand for AI services
BT To Cut 55,000 Jobs By 2030
Sign of things to come? BT is cull 55,000 jobs by 2030, and says that a fifth of the roles will be replaced by AI
Apple Depressed Results Beat Expectations, Thanks To iPhone Sales
Profit slides, and revenues decline for second consecutive quarter, but results please investors after surprising iPhone sales