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Tesla Profits Crash, As Elon Musk Admits Doge “Blowback”Tesla Profits Crash, As Elon Musk Admits Doge “Blowback”

Tesla Profits Crash, As Elon Musk Admits Doge “Blowback”

Brand damaged. Elon Musk says he will cut back role at Trump's Doge, amid widespread consumer backlash and poor Q1…

6 days ago
HPE To Axe 2,500 Employees, As Outlook DisappointsHPE To Axe 2,500 Employees, As Outlook Disappoints

HPE To Axe 2,500 Employees, As Outlook Disappoints

Shares in HPE plummet after FY25 outlook disappoints Wall Street, as it confirmed 5 percent of workforce will lose their…

2 months ago
Nvidia FY25 Profit Rises 130 Percent, Amid AI BoomNvidia FY25 Profit Rises 130 Percent, Amid AI Boom

Nvidia FY25 Profit Rises 130 Percent, Amid AI Boom

Despite stunning financial results Nvidia shares were muted, as concern over new chip costs offset optimism over AI demand

2 months ago
Apple Sales Rise 6 Percent After Early iPhone 16 DemandApple Sales Rise 6 Percent After Early iPhone 16 Demand

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

6 months ago
X Value Down By 79 Percent Since Elon Musk PurchaseX Value Down By 79 Percent Since Elon Musk Purchase

X Value Down By 79 Percent Since Elon Musk Purchase

X shareholder estimates value of firm formerly known as Twitter, is down nearly 80 percent since Elon Musk takeover

7 months ago
Shares In Nvidia Fall, Despite Record Profits, SalesShares In Nvidia Fall, Despite Record Profits, Sales

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

8 months ago
Cisco Confirms Second Round Of Major Job Cuts In 2024Cisco Confirms Second Round Of Major Job Cuts In 2024

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…

9 months ago
Intel To Cut 15 Percent Of Workforce, Suspends DividendIntel To Cut 15 Percent Of Workforce, Suspends Dividend

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

9 months ago
Alphabet Q2 Beats Expectations, But Shares DipAlphabet Q2 Beats Expectations, But Shares Dip

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

9 months ago
Apple Announces Record Share Buyback, Amid iPhone Sales DeclineApple Announces Record Share Buyback, Amid iPhone Sales Decline

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

12 months ago
Microsoft Beats Expectations Thanks To AI InvestmentsMicrosoft Beats Expectations Thanks To AI Investments

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

1 year ago
Meta Declines On Heavy AI Spending Plans, Despite Strong Q1Meta Declines On Heavy AI Spending Plans, Despite Strong Q1

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

1 year ago
Netflix Reports Profits Surge, But Forecast DisappointsNetflix Reports Profits Surge, But Forecast Disappoints

Netflix Reports Profits Surge, But Forecast Disappoints

Netflix shares slump as it reports profit surge but says it will stop reporting subscriber metrics next year

1 year ago

LinkedIn Admits Premium Subscriptions Bring In $1.7bn

LinkedIn makes rare disclosure, and admits premium subscription business delivered $1.7 billion in revenue in 2023

1 year 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

1 year 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

1 year 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

1 year ago

YouTuber MrBeast Makes $250,000 From Video On X

Top YouTube creator makes more than $250,000 in closely watched test of X's new ad revenue-sharing programme

1 year ago

Advertising Exodus To Cost Elon Musk’s X $75m – Report

Year of end advertising exodus at Elon Musk's X going to cost Twitter as much as $75m in advertising revenue

1 year 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…

2 years ago

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

2 years 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

2 years 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

2 years 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…

2 years 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…

2 years ago