The infusion of capital into artificial intelligence (AI) by major technology corporations has reached unprecedented levels, marking a pivotal moment in the tech industry. As 2025 approaches, companies like Meta, Amazon, Alphabet, and Microsoft are projected to invest a staggering $320 billion in AI technologies and infrastructure upgrades. This significant increase from $230 billion in
Earnings
In a striking display of resilience, Affirm Holdings, a key player in the buy now, pay later (BNPL) sector, witnessed a notable surge of over 15% in its stock price during after-hours trading on Thursday. This increase followed the company’s announcement of fiscal second-quarter results that surpassed analysts’ expectations. The financial reports indicated a robust
In the ever-evolving landscape of cryptocurrencies, a significant player has emerged that commands attention: Strategy Inc. (formerly MicroStrategy). This company has strategically positioned itself as the largest corporate holder of Bitcoin, making waves in the financial markets with its ambitious capital-raising endeavors. As the firm continues its aggressive acquisition strategy, it is also redefining its
In a landscape marked by fluctuating oil prices and wavering fuel demand, TotalEnergies has revealed its financial results for the year 2024. The French oil and gas conglomerate reported a noteworthy decline in its adjusted net income, amounting to $18.3 billion, which signifies a 21% drop from $23.2 billion in the previous year. This shift
As we step into the new year, Nintendo’s fiscal third quarter announcement has raised some eyebrows, revealing a more complicated financial landscape than analysts had anticipated. The company released its numbers for the period ending December 31, and the results have sparked discussions surrounding the future of the Nintendo Switch and the forthcoming Switch 2.
GoCardless, a prominent player in the financial technology sector, has recently revealed significant progress in its financial performance for the fiscal year ending on June 30, 2024. The London-based company, renowned for facilitating recurring payments, showcased a substantial reduction in its net losses, demonstrating resilience and strategic foresight amidst a challenging economic landscape. With a
Atlassian Corporation, renowned for its suite of collaborative software tools, has recently captured the spotlight on financial markets as its shares soared by an impressive 18%. This substantial leap came on the heels of the company’s remarkable performance in the fiscal second quarter, vastly exceeding Wall Street’s expectations both in terms of earnings and guidance.
China’s latest entry into the artificial intelligence arena, DeepSeek, has emerged as a disruptive force, capturing the attention of global tech leaders and raising pivotal questions about the future of AI. Following its rapid ascent, industry giants have voiced their views on this intriguing development, revealing both admiration and underlying concerns about the implications of
Swiss pharmaceutical behemoth Novartis recently unveiled its financial performance for the last quarter of 2023, revealing a robust net sales figure of $13.2 billion—a 16% increase on a constant currency basis. This figure outpaced analysts’ expectations, as many had predicted sales of approximately $12.795 billion. Additionally, the company reported an adjusted core operating income of
On Thursday, shares of H&M, the Swedish fashion retail powerhouse, experienced a significant drop of over 5%. This decline was a direct response to the company’s failure to meet sales forecasts for the fourth quarter, which prompted worries among investors. According to the results, H&M generated sales of 62.19 billion Swedish krona during the last