ai AI Fintech Upstart Soars as Venture Capital Floods Artificial Intelligence Market Upstart's stock nearly doubles after projecting massive 114% revenue growth for 2021, proving the real-world value of AI in fintech. Venture capitalists are simultaneously pouring record capital into AI startups as the technology finally delivers tangible financial results.
amazon Amazon Reports Record Profits as Jeff Bezos Prepares to Step Down Amazon announces massive fourth-quarter profits and reveals Andy Jassy as the successor to founder Jeff Bezos. The leadership transition comes as the tech giant experiences unprecedented growth.
earnings Major Earnings Reports Highlight Challenges for Tech and Entertainment Giants Recent quarterly earnings from Disney, Cisco, Pinduoduo, and Beyond Meat reveal a mix of pandemic-driven losses and unexpected growth as companies navigate a shifting global economy.
palantir Palantir Posts 52% Revenue Growth in First Post-IPO Earnings Report Palantir reports better-than-expected revenue for its third quarter but faces an operating loss due to stock-based compensation. The data analytics firm also raises its full-year revenue guidance as customer concentration decreases.
amazon Amazon Projects $4 Billion in COVID Costs for Final Quarter Amazon expects to spend $4 billion on pandemic-related expenses in the fourth quarter as the company rapidly expands its workforce and operations. The tech giant reveals that COVID-19 uncertainties currently outweigh all other traditional holiday season business risks.
facebook Facebook Smashes Q3 Revenue Expectations as Pandemic Boosts Digital Ads Facebook reports $21.5 billion in Q3 revenue, easily beating analyst estimates thanks to a pandemic-driven shift to online commerce. The social giant also anticipates strong Q4 growth driven by holiday advertising and Oculus Quest 2 sales.
twitter Twitter Beats Revenue Expectations But Stalls on User Growth Twitter sees a 14% revenue increase in Q3 thanks to returning live sports and the election cycle, but its lack of user growth disappoints Wall Street.
ford Ford Prepares November Reveal for All-Electric Transit Cargo Van Ford confirms an upcoming virtual event to unveil its all-electric Transit cargo van for global markets. The vehicle represents a major part of the automaker's $11.5 billion investment in commercial electric vehicles.
microsoft Microsoft Beats Earnings Expectations as Azure Growth Reaches 48% Microsoft exceeds revenue and profit projections for its latest quarter while its Azure cloud platform posts impressive 48% growth. Despite the strong results, the company's stock remains flat in after-hours trading.
intel Intel Stock Drops 10% Despite Beating Q3 Earnings Expectations Intel shares fall sharply in after-hours trading as investors react to a major revenue miss in the company's Data Center Group. Despite meeting overall profit and revenue expectations, a 47% decline in enterprise sales sparks pandemic-related growth fears.
netflix Netflix Shares Dip After Q3 Earnings Miss Subscriber Targets Netflix stock drops slightly after the streaming giant reports mixed Q3 results, beating revenue expectations but falling short on profitability and new subscriber additions.
nasdaq Nasdaq Drops as Disney Earnings Disappoint While Cisco Surges The Nasdaq opens sharply lower as weak Disney earnings weigh on market sentiment, though strong results from Cisco provide a bright spot for investors.
zoom Zoom Crushes Q2 Expectations as Remote Work Fuels Massive Revenue Surge Zoom reports a 355% year-over-year revenue increase, smashing analyst estimates as the pandemic-driven shift to remote work accelerates.
big tech Big Tech Giants Report Massive Combined Profits Despite Pandemic Economic Slump Alphabet, Amazon, Apple, and Facebook collectively earn $28.6bn in Q2 net profits as pandemic lockdowns drive unprecedented user engagement and online spending.
tesla Tesla Approves Five-For-One Stock Split Ahead of August Trading Tesla announces a five-for-one stock split that takes effect on August 31, causing shares to jump over 6% in after-hours trading. The move comes as the automaker's stock more than triples year-to-date following its recent S&P 500 qualification.