Meta, founded by Mark Zuckerberg, is set to report its second-quarter earnings on Wednesday after the close of regular trading. Analysts expect earnings per share of $4.73 and revenue of $38.31 billion, with a 20% sales growth from last year. The company's ad revenue is projected to increase by 19% to $37.6 billion.
AIMeta | Rating: 62 | 2024-07-31 04:19:38 PM |
Uber and BYD announced a partnership to offer pricing and financing deals for BYD's electric cars to Uber drivers in Europe and Latin America, starting with the BYD Seal, priced at 44,900 euros. The partnership aims to bring 100,000 BYD cars to Uber and will also develop autonomous-capable vehicles for the platform.
BusinessUber | Rating: 51 | 2024-07-31 11:19:35 AM |
AMD's shares jumped 9% in premarket trading after reporting a top and bottom line beat in its second-quarter financial report. The company saw strong growth in its data center business, driven by sales of its graphics processing units (GPUs) used to train artificial intelligence models. Nvidia and Qualcomm also saw gains, with Nvidia up 5% and Qualcomm's shares rising.
AIAMD | Rating: 62 | 2024-07-31 10:19:27 AM |
ASML shares jumped 7% after a Reuters report suggested that the US may exempt the company from expanded export restrictions on chipmaking gear to China. The US is considering expanding the foreign direct product rule, excluding allies like Japan, the Netherlands, and South Korea. Exports to China from countries including Israel, Taiwan, Singapore, and Malaysia will be impacted by the US rule, which is in contrast to a previous Bloomberg report.
TechASML | Rating: 53 | 2024-07-31 08:49:45 AM |
Samsung Electronics reported higher-than-expected second-quarter revenue and operating profit, driven by strong demand for its advanced memory chips crucial for artificial intelligence training. The company's revenue jumped 23.42% from a year earlier to 74.07 trillion Korean won (about $53.45 billion), exceeding analysts' estimates. Samsung's operating profit reached 10.44 trillion Korean won, surpassing the average estimate of 9.53 trillion Korean won.
AISamsung | Rating: 62 | 2024-07-31 12:09:27 AM |
Samsung released the Galaxy Ring, a smart ring that tracks health metrics, for $399.99. The device links up with Samsung's smartphones and smartwatches, and is part of the company's suite of products held together with its Galaxy AI features. The Galaxy Ring was launched at Samsung's Galaxy Unpacked event in Paris, France, where the company emphasized the importance of Galaxy AI.
AISamsung | Rating: 60 | 2024-07-30 11:19:27 PM |
AMD reported second-quarter earnings that beat Wall Street expectations, with revenue of $5.83 billion and earnings per share of 69 cents. The company's AI chip sales more than doubled. AMD expects $6.7 billion in sales in the current quarter. Lisa Su, AMD's CEO, spoke at the SXSW 2024 Conference and Festivals in Austin, Texas.
AIAMD | Rating: 71 | 2024-07-30 08:39:40 PM |
Pinterest shares fell 15% after the company reported its second-quarter earnings and provided third-quarter guidance that was lower than analyst estimates. The company's revenue reached $854 million, exceeding expectations, while its adjusted earnings per share were 29 cents. Pinterest's sales increased 21% year-over-year in the second quarter, and the company reported a GAAP net income of $9 million. The company's CEO, Bill Ready, rang the opening bell at the New York Stock Exchange (NYSE) in New York City.
BusinessPinterest | Rating: 46 | 2024-07-30 08:29:29 PM |
Microsoft will pay a one-time performance-based cash award of up to 25% of annual bonus to rank-and-file employees, including salaried and hourly workers at the senior director level and below. The award amount will range from 10% to 25% of bonus, depending on the employee's level. The decision is aimed at recognizing employees for a good fiscal year, with Microsoft reporting a 15% increase in revenue for the fourth quarter and a 16% increase for the full fiscal year.
AIMicrosoft | Rating: 62 | 2024-07-30 08:29:28 PM |
Microsoft is set to report its fiscal fourth-quarter earnings, with analysts expecting earnings per share of $2.93 and revenue of $64.39 billion, a 15% increase from last year. The company's cloud computing services, including Azure, are expected to show strong growth, with revenue increasing 30% from the previous year. Microsoft CEO Satya Nadella is scheduled to speak at the company's Build developer conference in Seattle.
AIMicrosoft | Rating: 62 | 2024-07-30 04:19:51 PM |