microsoft Microsoft Reports Slower Revenue Growth Amid Q2 Earnings Dip Microsoft experiences a decline in second-quarter earnings as overall revenue growth continues to slow down. The tech giant's cloud and business application segments feel the impact of tightening corporate budgets.
nvidia Nvidia Stock Surges 28% as AI Chip Demand Skyrockets Nvidia reports massive profit and sales gains that smash Wall Street expectations, driven by an explosive demand for its artificial intelligence chips. The chipmaker's phenomenal growth temporarily lifts the broader stock market amid debt ceiling concerns.
nvidia Nvidia Stock Skyrockets as AI Demand Fuels Historic Market Cap Surge Nvidia shares soar 24% in a single day, adding $184 billion in market value after the chipmaker projects massive revenue growth driven by the artificial intelligence boom.
nvidia Nvidia Crushes Earnings Expectations as AI Chip Demand Surges Nvidia reports stellar first-quarter earnings and provides a massive forecast, driven by unprecedented demand for its artificial intelligence chips. The results highlight a major shift in the tech industry toward AI infrastructure.
openai OpenAI Launches ChatGPT API as Figure Unveils Humanoid Robot This week in tech, OpenAI releases a new API for ChatGPT while a startup called Figure tests a general-purpose humanoid robot. Meanwhile, Salesforce reports a strong fiscal fourth-quarter turnaround.
big tech Big Tech Stumbles in Third Quarter as Meta Suffers Historic Weekly Loss Major tech companies outside of Apple lose over $350 billion in market value following bleak third-quarter earnings and weak future guidance. Meta experiences its worst week since its 2012 IPO as economic headwinds weigh heavily on the sector.
cloud infrastructure Cloud Infrastructure Growth Slows to 24% as AWS Reports Revenue Dip The global cloud infrastructure market reaches $57 billion in the latest quarter but experiences a notable drop in growth rate. Google Cloud stands out as the only major provider to gain market share while AWS and Microsoft fall short of analyst expectations.
apple Apple Posts Record Q4 Revenue Amid Economic Uncertainty Apple reports $90.1 billion in quarterly revenue for Q4 2022, narrowly beating earnings expectations despite missing revenue targets for the iPhone, iPad, and services divisions.
amazon Amazon Stock Drops 13% on Weak Holiday Forecast and Missed Revenue Amazon shares fall sharply after the company issues a disappointing fourth-quarter revenue forecast and misses third-quarter expectations. The tech giant faces ongoing macroeconomic headwinds and a slowing retail business.
amazon Amazon's Q3 Profit Drops as Inflation and E-Commerce Slowdown Bite Amazon reports a sharp decline in Q3 2022 operating and net income due to shifting shopping habits and inflation, while its cloud division remains profitable. The company's stock plunges after issuing a shockingly vague financial forecast for the upcoming holiday quarter.
microsoft Microsoft Tops Earnings Expectations But Faces Slowing Cloud Growth Microsoft beats quarterly profit and revenue estimates, but its stock drops as Azure cloud growth slows and the company issues weak forward guidance.
snap Snap Reports Weak Q3 Earnings, Revenue Misses Expectations Amid Restructuring Snap misses analyst revenue expectations as its net loss accelerates to $360 million despite strong user growth. The social media giant declines to provide financial guidance for the upcoming quarter.
meta Meta's Massive Stock Plunge Fails to Deter Zuckerberg's Metaverse Investment Despite a devastating 20 percent stock drop and massive market value losses, Mark Zuckerberg maintains total control over Meta and continues to pour billions into his metaverse vision.
nvidia Nvidia Stock Drops as Plunging Gaming Revenue Drags Down Forecast Nvidia misses Wall Street expectations as a sharp decline in gaming sales and cryptocurrency mining impacts offset strong data center growth. The company provides a weak revenue forecast for the current quarter.
nvidia Nvidia Reports Steep Revenue Drop as Gaming Sales Plummet Nvidia misses Wall Street expectations as macroeconomic headwinds cause a 33% plunge in gaming revenue. The chipmaker's data center business shows resilience with 61% annual growth.