Intel reported better-than-expected earnings following a quarter filled with challenges.
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November 1, 2024November 1, 2024Technology
Amazon’s advertising business grew 19% in the third quarter
Amazon’s online advertising business jumped 19% year over year to $14.3 billion in the third quarter.
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October 31, 2024October 31, 2024Technology
Chinese smartphone company Honor gets new investors as it gears up for IPO
Chinese smartphone company Honor on Thursday announced backing from new investors as the Huawei spinoff prepares for an initial public offering.
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October 31, 2024October 31, 2024Technology
Microsoft CFO says OpenAI investment will cut into profit this quarter
Microsoft has invested over $13 billion in OpenAI, a bet that’s weighing on the company’s profitability.
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October 31, 2024October 31, 2024Technology
Samsung Electronics’ chip profit shrinks 40% from the previous quarter
The semiconductor unit reported third-quarter operating profit of 3.86 trillion won (about $2.8 billion), down 40% from the previous quarter.
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October 31, 2024October 31, 2024Technology
Even Mark Zuckerberg seems surprised by Meta’s pace of spending on AI
Meta CEO Mark Zuckerberg explained on the earnings call how the speed of Meta’s AI technology buildout led the company to lift guidance for capex.
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October 31, 2024October 31, 2024Technology
EBay stock sinks after lackluster Q4 guidance, election distraction
EBay reported better-than-expected earnings for the third quarter, but the results were overshadowed by a disappointing forecast for the current period.
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October 30, 2024October 30, 2024Technology
Sam Altman’s Reddit stake now worth over $1 billion after post-earnings pop
OpenAI CEO Sam Altman’s stake in Reddit has ballooned to more than $1 billion in value, as of after-hours trading on Tuesday.
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October 30, 2024October 30, 2024Technology
Google’s new CFO makes earnings call debut, says company can ‘push a little further’ on cost cuts
In her first earnings call as Alphabet CFO, Anat Ashkenazi said more streamlining will be needed so the company can invest in AI.
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October 30, 2024October 30, 2024Technology
Snap shares jump 10% on profit beat, stock buyback
Snap reported third-quarter results on Tuesday that beat on the top and bottom lines, but the company issued light fourth-quarter guidance.