profit

Elon Musk Seeks To Block OpenAI’s For-Profit Bid

OpenAI's bid to convert to a 'for-profit' organisation is opposed by Elon Musk and co in a federal courtroom

3 weeks ago

Apple Sales Rise 6 Percent After Early iPhone 16 Demand

Fourth quarter results beat Wall Street expectations, as overall sales rise 6 percent, but EU tax ruling hits profits

2 months ago

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

4 months ago

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…

4 months ago

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

5 months ago

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

5 months ago

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

8 months ago

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

8 months ago

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

8 months ago

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…

8 months ago

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

10 months ago

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

11 months ago

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

11 months ago

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

11 months ago

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…

1 year ago

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…

1 year ago

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…

1 year ago

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

1 year ago

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

1 year ago

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…

1 year ago

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…

1 year ago

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

1 year ago

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

2 years ago

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…

2 years ago

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…

2 years ago