Fourth quarter results beat Wall Street expectations, as overall sales rise 6 percent, but EU tax ruling hits profits
TECHNOLOGY POWERING BUSINESS
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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
Cisco Confirms Second Round Of Major Job Cuts In 2024
Second round of layoffs in 2024, as Cisco confirms it will axe a further 7 percent of its workforce or roughly 6,000 jobs
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
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
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
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
Microsoft Owes $29 Billion In Back Taxes, IRS Claims
US government alleges Microsoft owes $29 billion in back taxes, but Redmond disagrees and say it will go to court over the matter
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
Samsung Warns Of 96 Percent Q2 Profit Plunge
Ongoing glut in chips sees Samsung warn that its second quarter profits are likely to plunge a staggering 96 percent
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
Intel Posts Largest Ever Quarterly Loss, But Shares Rise
Intel posts largest ever quarterly loss in company history, coupled with a 36 percent decline in sales. But share price rises
Meta Pleases Investors After Sales Rise, As Profits Dive
Plunge in profits at Facebook parent, but Meta pleases Wall Street after sales rose for first time after three quarters of decline
Alphabet Beats Expectations, Announces $70 Billion Share Buyback
Shares in Alphabet rise after its first quarter results beat expectations, despite reduced ad spending, TikTok competition etc