Tag: tech stocks
Michael Saylor’s Strategy flirts again with the danger threshold at which his company is worth less than his Bitcoin | Fortune
Stock in Michael Saylor’s Bitcoin treasury company Strategy was up 1.22% in early trading today, giving the company a brief period of relief. The...
Nvidia CEO says data centers take about 3 years to construct in the U.S., while in China ‘they can build a hospital in a weekend’ | Fortune
Nvidia CEO Jensen Huang said China has an AI infrastructure advantage over the U.S., namely in construction and energy.While the U.S. retains an edge...
Investors ignore Nvidia in favor of a massive global rally in stocks | Fortune
Nvidia stock was down 2.59% yesterday, and it’s now down 7% for the month. The negativity continued this morning: the company’s shares were down...
Wall Street eyes a possible culprit in this week’s head-spinning stock market reversal: Bitcoin | Fortune
Nvidia’s blockbuster earnings late Wednesday set up the stock market for a ferocious rebound as the chipmaker appeared to ease fears that an AI...
OpenAI’s Fidji Simo says Meta’s team didn’t anticipate risks of AI products well—her first task under Sam Altman was to address mental health concerns | Fortune
AI chatbots have been under scrutiny for mental health risks that come with users developing relationships with the tech or using them for therapy...
Despite AI bubble fears, Warren Buffett’s Berkshire Hathaway loads up on shares of hyperscaler Alphabet amid huge rally | Fortune
Wall Street has been consumed for months with fears that the artificial intelligence boom is actually a bubble about to pop, but that didn’t...
Palantir CEO slams ‘parasitic’ critics calling the tech a surveillance tool: ‘Not only is patriotism right, patriotism will make you rich’ | Fortune
Palantir CEO Alex Karp is sick and tired of his critics. That much is clear. But during the Yahoo Finance Invest Conference Thursday, he...
Palantir’s ‘anti-woke’ playbook and ‘cultus’ winning strategy, after yet another earnings beat | Fortune
Palantir reported a third-quarter earnings beat this week, and during his victory lap, CEO Alex Karp provided a window into the values that drive...
America is ‘flirting with recession’ if tech investment slows, according to new modeling—but bubble risk is still smaller than dot-com era | Fortune
There may be some divided opinion among economists about the trajectory of the U.S. economy, but one thing they can agree on is that...
Nvidia’s China-based rival posts 4,300% revenue jump as chipmakers’ earnings reported no H20 chip sales to the country
Cambricon, a China-based semiconductor firm, posted record profit in the first half of the year, along with revenue that surged roughly 4,300%.
The earnings, released...