Nvidia CEO says the company is in a no-win situation amid AI-bubble chatter, leaked meeting reveals
Nvidia CEO Jensen Huang told employees this week that the company has been pushed into a no-win situation…
Chinese tech giant Tencent’s quarterly revenue rises 15%, fueled by AI
Tencent on Thursday posted 15% year-on-year revenue growth, with AI boosting the Chinese tech giant’s performance in advertising…
‘Big Short’ investor Michael Burry accuses AI hyperscalers of artificially boosting earnings
Michael Burry attends the New York premiere of “The Big Short” at the Ziegfeld Theater in New York…
SoftBank Unloads Nvidia Stake for $5.8 Billion in Surprise Move
SoftBank Group Corp. sold its entire stake in Nvidia Corp., pocketing $5.8 billion ahead of a rash of…
SoftBank earnings report 2Q
The logo of Japanese company SoftBank Group is seen outside the company’s headquarters in Tokyo on January 22,…
Paramount Says 600 Staffers Took Buyouts After Back To Office Mandate
Paramount, which recently pink slipped 1,000 staffers, said today approximately 600 employees in the LA and New York…
Life Time Posts Strong Quarter, Eyes Longevity Expansion
Founder and CEO Bahram Akradi told analysts that Life Time’s premium, highly differentiated fitness and wellness offerings are…
US Economy at Risk of Weakening With Growing Gap Between Rich and Poor
The surprising resilience of the US economy this year is masking underlying weakness among low- and middle-income households,…
AMD’s Outlook Fails to Wow Investors After AI-Fueled Rally
Advanced Micro Devices Inc., the main contender to Nvidia Corp. in the artificial intelligence chip market, failed to…
Big Tech Earnings Reveal Cracks in Case for Massive AI Spending
A week that saw the Federal Reserve cut interest rates and dozens of US companies report earnings nevertheless…
China’s Industrial Profit Growth Picks Up to Near Two-Year High
Chinese industrial companies saw their earnings surge the most in nearly two years, as production revs up while…
AT&T Adds More Mobile, Internet Subscribers Due to Promos
AT&T Inc. added more mobile phone and home internet subscribers this summer than analysts expected, amid a heavy…