Author: pluginever
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Warren Buffett Raises Concerns Over AI, Compares to Nuclear Weapons
Key Takeaways At a recent meeting, Warren Buffett expressed deep concerns about AI's misuse, comparing its disruptive potential to nuclear weapons; Buffett discussed a personal experience with a realistic deepfake of himself, highlighting AI's capacity to help scammers; He noted its potential for both significant benefit and harm and, therefore, is unsure of its future…
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US Steel Buyout From Nippon
https://www.msn.com/en-us/money/markets/eu-clears-nippon-buyout-of-us-steel-opposed-by-biden/ar-BB1lTPeO This marks a pretty sizable step for US Steel being bought out by Nippon. Nippon is offering about double the current market cap for US Steel. However it seems both presidential candidates are against the company being sold. This caught my interest when the CHIPS Act was passed and the demand for steel in…
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Thoughts on Impinj (PI) – Hold or Sell?
Hello everyone! I recently invested in Impinj (PI) on April 26th, buying shares at a price of $153.73. As of today, the price has risen to $165.65, reflecting a decent gain in a short period. I'm reaching out for your perspectives on whether to hold or sell my shares. Company Overview: Impinj operates a cloud…
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Palantir shares fall 3% on lower-than-expected guidance
Palantir shares fell as much as 7% in Monday extended trading, before paring back earlier losses, after the defense tech firm reported weaker-than-expected guidance. Here’s how the company did compared to LSEG estimates: Earnings per share: 8 cents adjusted vs. 8 cents expected Revenues: $634 million vs. $625 million expected The firm, which builds big-data…
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Is this the beginning of a new rally to all time high?
I admit I’m quite confused about why SPY has rallied so hard the last week. I understand Powell has somewhat of a softer tone his last speech, but I’m not seeing anything that’s particularly bullish. Yet here I am watching SPY continue higher without any pullback whatsoever. There are some articles I’ve seen that have…
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Private equity firms circle Peloton for potential buyout
A number of private equity firms have been considering a buyout of Peloton as the connected fitness company looks to refinance its debt and get back to growth after 13 straight quarters of losses, CNBC has learned. In recent months, the pandemic darling has had talks with at least one firm as it considers going…
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Apple reportedly developing new dedicated chip for AI data centers
https://9to5mac.com/2024/05/06/apple-new-chip-ai-data-centers/ Apple has been investing a lot in artificial intelligence recently, and soon the company will introduce its own generative AI to the world. In fact, it looks like the company is taking AI seriously, as a new report claims that Apple is developing a new chip specifically to power AI processing data centers. A…
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Crocs, Inc. Reports First Quarter Fiscal 2024 Financial Results
First Quarter Revenue Increased 6% Over Last Year To A Record $939 Million First Quarter Diluted EPS Up 5% to $2.50 and Adjusted Diluted EPS Up 16% to $3.02 Fiscal Year 2024 Adjusted Diluted Earnings Per Share Guidance Raised, Led By Strength of Crocs Brand First Quarter 2024 Brand Summary Crocs Brand: Revenues increased 14.6%…
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RDDT up nearly 16% after hours; Reddit taking questions from investors, link to thread
Follow the direct link to thread and ask your questions there. This thread will just discuss the conference call and Reddit earnings, we don't moderate r/RDDT or take questions for Reddit executives, but this will be a good place to discuss their answers or handling of the conference call. -=As for the earnings results=- The…
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Amazon breaks into Europe 5G networks with Telefonica cloud deal
STOCKHOLM, May 8 (Reuters) – Telefonica Germany (TEF.MC) will move one million 5G customers to Amazon Web Services (AWS) cloud later this month, company executives told Reuters, in a bold move by the U.S. online retailer to break into the global telecoms market. While some telecom networks have moved IT and other non-core operations to the…