Microsoft’s Q3 results surpassed estimates for both revenue and earnings. But the revenue forecast for Q4 was less than anticipated, with the company reportedly projecting $64 billion, which is below the consensus of $64.5 billion – (only just). Revenue: $61.86 vs. $60.80 billion expected Earnings per share: $2.94 vs. $2.82 expected Additionally,Read More →
Alphabet announced on Thursday 25th April 2024 that it is issuing its first-ever dividend of 20 cents per share and that its board has authorised a stock repurchase of up to $70 billion. This announcement follows Meta’s board authorising its own inaugural dividend in February. As of 31st March 2024,Read More →
AI startup Synthesia on Thursday 25th April 2024 announced its ‘Expressive Avatars’. These are AI-generated digital avatars that can express human emotions including happiness, sadness, and frustration. Synthesia, supported by the tech giant Nvidia, reportedly secured an investment of $90 million in 2023, reaching a valuation close to $1 billion.Read More →
Meta Platforms Inc. suffered a serious loss, witnessing its market value plummet by $200 billion. The decline happened following the company’s first-quarter earnings call, during which CEO Mark Zuckerberg highlighted the company’s substantial investments in artificial intelligence (AI) and the Metaverse, instead of concentrating on immediate revenue streams. Despite aRead More →
Tesla’s profits have significantly decreased so far in 2024, prompting the company to accelerate the introduction of new models. The company is also reducing its workforce by thousands in an effort to improve its financial outlook. The electric vehicle manufacturer reported earnings of $1.13 billion for the first quarter, aRead More →
The UK FTSE 100 stock index has reached a new record closing price on Monday 22nd April 2024 The new all-time high was likely propelled by a weakening pound and reduced tensions in the Middle East. The FTSE 100 has been the laggard for many months. The index concluded MondayRead More →
Meta’s complimentary artificial intelligence (AI) assistant, known as Meta AI, is being introduced across its social media platforms, including WhatsApp, Instagram, Facebook, and Messenger. The assistant is reportedly designed to respond to queries, craft animations, and produce ‘high-quality’ images, according to Meta CEO Mark Zuckerberg in a recent video posting.Read More →
Norway’s massive sovereign wealth fund reported a first-quarter profit of 1.21 trillion kroner ($109.9 billion) – bolstered by strong returns from its technology stock investments it was announced on Thursday 18th April 2024. Established in the 1990s, Norway’s sovereign wealth fund, the largest in the world, invests the surplus revenueRead More →
TSMC stands as the world’s foremost producer of sophisticated processors, boasting clientele that includes industry giants like Nvidia and Apple Unprecedented demand for AI chips is being led by the proliferation of large language models such as ChatGPT and Chinese equivalents. Taiwan Semiconductor Manufacturing Company (TSMC) on Thursday 17th April 2024 beatRead More →
The company intends to reduce its global workforce by over 10%, amounting to roughly 14,000 employees As of December, Tesla had a total of 140,473 employees worldwide. This decision is believed to be a response to the obstacles Tesla is encountering with slowing growth and operational effectiveness and cheaper competition. In anRead More →
Nvidia, manufacturer of one of the most advanced graphics processing units (GPUs), has significantly benefited from the artificial intelligence (AI) surge due to the high demand for its microchips. The company’s shares have fallen 10% from their recent all-time high, which was over $950. On Tuesday, 9th April 2024, theRead More →
The recent surge of interest in artificial intelligence (AI) has ignited a significant rally in technology stocks. Firms engaged in AI development, such as semiconductor producers crucial to AI technology and cloud service providers offering the necessary computing infrastructure, have experienced significant returns. The stock market is abuzz with excitement over artificialRead More →
Samsung Electronics anticipates its profits for the first quarter of 2024 to surge more than tenfold compared to the previous year. This projection is due to the recovery in chip prices following a post-pandemic decline and a surge in demand for artificial intelligence (AI) related products. As the world’s leadingRead More →
In a move that reverberated across global financial markets, the Bank of Japan (BOJ) recently bid farewell to its negative interest rate policy – the last of its kind in the world. This decision marks a pivotal moment in the realm of central banking and has far-reaching implications for economiesRead More →
Nvidia have announced a new generation of artificial intelligence chips and software for running AI models. It’s called: The Blackwell B200 GPU Blackwell B200 GPU The Blackwell B200 is the successor to Nvidia’s Hopper H100 and H200 GPUs. It represents a massive generational leap in computational power. AI Performance: TheRead More →
In 2018, Byju Raveendran’s edtech company, Byju’s, was the darling of India’s start-up scene. It was valued at a staggering $22 billion. However, recent times have seen its fortunes take a dramatic downturn. Financial Crisis and Valuation Plunge Once India’s leading privately-held company, Byju’s is now regarded as a cautionary tale. Investment company BlackRock recently slashed its valuationRead More →
The new UK British ISA UK chancellor Jeremy Hunt revealed the British ISA as part of the Spring Budget 2024. The British ISA aims to boost demand for UK businesses and encourage investment in UK-focused assets. Key Features Additional Allowance The British ISA provides a separate £5,000 annual allowance in addition to the existingRead More →
Japan’s Nikkei 225 ended some 90 points shy of breaching the 40000 level, leading gains in Asia stocks on Friday 1st March 2024. Japan’s Nikkei 225 hit a fresh record high, closing 1.9% higher at 39910Read More →
As tech giant Nvidia soars on hype around artificial intelligence (AI), and as global stock indexes claim record highs, debate has grown about whether the stock market has entered a ‘bubble.’ An AI bubble of boom We are reminded of the dotcom bubble where investment was rife in anything tech – so, areRead More →
Intuitive Machines initially reported Odysseus was standing upright. But in an update on Friday 23rd February 2024, the company reported they believe the spacecraft caught its landing gear sideways in the moon’s surface while touching down and tipped over. Intuitive Machines’ cargo lander, Odysseus, returned its first images from the moon’sRead More →
Japan’s Nikkei 225 index hit a new all-time high on Monday 26th February 2024. In contrast China markets slipped after a nine-day winning streak. The Nikkei 225 ended 0.4% higher at 39233 comfortably above its previous closing record of 39,098.68. The index breached its 1989 all-time high of 38915 on ThursdayRead More →
Rolls-Royce, a prominent jet engine manufacturer for commercial aircraft along with power systems for ships and submarines and other major projects posted an underlying operating profit of £1.6 billion in 2023, compared to £652 million in 2022. Rolls-Royce was the top performer in the UK’s FTSE 100 in 2023, climbingRead More →
The S&P 500 surged to a new all-time high on Thursday 22nd February 2024 Microchip maker Nvidia reported much stronger-than-expected quarterly results, lifting tech sector and markets higher. S&P 500 The S&P 500 gained just over 2% to close at 5087, notching its best day since January 2023. The Nasdaq Composite advanced 2.96% forRead More →
The excitement surrounding artificial intelligence (AI) technology appears to show few signs of abating The technology company at the heart of the AI chip boom reported its Q4 earnings after the stock market’s close on Wednesday 21st February 2024, beating expectations for both earnings and sales. The company’s total revenue is up 265% fromRead More →
Japan’s Nikkei 225 hit a record high of: 39098 on Thursday 22nd February 2024. The rally was propelled by electronics, banking and consumer stocks as robust earnings and investor-friendly measures fuel a blistering rally in Japanese equities. The Nikkei 225 jumped 2%, surpassing the previous record high of 38,915.87 reached in 1989.Read More →
The Magnificent Seven, or MAMA ANT, is a term coined by Bank of America to describe the seven most dominant tech companies in the world The Seven are: Microsoft, Amazon, Meta Platforms, Apple, Nvidia, Tesla, and Alphabet. These companies have not only led the tech sector in terms of innovation,Read More →