Author: pluginever

“PayPal delivered a strong second quarter and first half, and I’m confident we’re on the right track. We delivered our best transaction margin dollar growth since 2021, and we are making steady progress on our strategic transformation, while investing in innovation and operating more efficiently. Given the strength of our business, we are raising our…

Meta has agreed to pay $1.4 billion to settle a lawsuit by the state of Texas over the Facebook owner’s use of biometric data by users, Texas Attorney General Ken Paxton said Tuesday. “We are pleased to resolve this matter, and look forward to exploring future opportunities to deepen our business investments in Texas, including…

Although NVIDIA has been front and center during this selloff, many other companies in the space have been getting hammered as well. From July 10th (completely arbitrary cut-off date) to today: Microsoft- Down 8.4%, Google- Down 11%, Amazon- Down 8.3%, Nvidia- Down 20.3%, Taiwan Semiconductor- Down 17.3%, AMD- Down 24%, Intel- Down 12.3%, Dell- Down…

Starbucks on Tuesday reported quarterly revenue that missed analysts’ expectations as both its U.S. and international cafes faced weaker demand. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: 93 cents adjusted, meeting expectations Revenue: $9.11 billion vs. $9.24 billion expected…

AMD, Qcom, and Intel are all reporting their earnings over the next few days. These reports are going to have substantial short-term impacts on the semi industry. They will either confirm the validity of this recent dip, or reverse it. The market is expecting these results to be terrible. AMD may pop even after sub-par…

Surprised to learn that Apple is using Google chips instead of Nvidia. I guess this is partially why Google is now the third largest datacenter chip designer and will be #2 before the end of the year. https://www.reuters.com/technology/apple-says-it-uses-no-nvidia-gpus-train-its-ai-models-2024-07-29/?utm_source=reddit.com&utm_source=reddit https://blog.svc.techinsights.com/wp-content/uploads/2024/05/DCC-2405-806_Figure2.png

Advanced Micro Devices Inc. gave an upbeat revenue forecast for the current quarter, signaling that its new artificial intelligence processors are helping bolster growth. Revenue will be roughly $6.7 billion in the third quarter, the chipmaker said in a statement Tuesday. Analysts estimated $6.62 billion on average, according to data compiled by Bloomberg. The outlook…

Intel Corp. plans to eliminate thousands of jobs to reduce costs and fund an ambitious effort to rebound from an earnings slump and market share losses. The workforce reduction may be announced as early as this week, according to people familiar with the company’s plans, who asked not to be identified because the information isn’t…

Microsoft shares fell 7% in extended trading on Tuesday after the software company reported disappointing cloud revenue, overshadowing stronger earnings and revenue than analysts had predicted. Here’s how the company did, compared with the LSEG consensus: Earnings per share: $2.95 vs. $2.93 expected Revenue: $64.73 billion vs. $64.39 billion expected Microsoft’s revenue increased 15% year…

CrowdStrike shares fell tumbled 11% on Tuesday to their lowest level of the year following a report that Delta Air Lines hired prominent attorney David Boies to seek damages from the security software vendor. CrowdStrike fell $28.98 to $228.83 as of early afternoon trading. The company has now lost one-third of its value since July…