A binary code is displayed on a laptop screen in the background, while the Nvidia logo is showcased on a phone on April 28, 2024. Nurphoto | Nurphoto | Getty ImagesNvidia shares dipped in U.S. premarket trade on Thursday, as the company's fiscal second-quarter gross margin dipped slightly, and its...
Nvidia is riding a number of tailwinds right now, including strong pricing power thanks to high demand for its chips and a tight supply that's helping the company command gross profit margins of over 70%. That could all change, according to one analyst, who has highlighted a sign that...
Signage at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Friday, Aug. 2, 2024.Qilai Shen | Bloomberg | Getty ImagesAlibaba missed top and bottom line expectations for the June quarter of 2024 as it continues to face headwinds in its core e-commerce business amid rising competition and...
Tencent showed off its tech at the 2023 World Artificial Intelligence Conference in Shanghai, July 8, 2023.Nurphoto | Nurphoto | Getty ImagesTencent beat second-quarter top and bottom line estimates as growth in its key gaming division accelerated.Here's how Tencent did in the June quarter against LSEG consensus estimates:Revenue: 161.12...
Workers on the stage as they prepare for a SoftBank Group Corp. news conference in Tokyo, Japan, on Thursday, June 27, 2024. Toru Hanai | Bloomberg | Getty ImagesSoftBank Group booked a 1.9 billion yen ($12.9 million) investment gain on its Vision Fund tech investment arm in the company's fiscal...
Nintendo has kept players interested in its ageing Switch console series through key games with characters such as Super Mario and Zelda.Charly Triballeau | AFP | Getty ImagesNintendo on Friday reported revenue and profit that plunged in the company's fiscal first quarter, as sales of the ageing Switch console...
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference on March 18, 2024. David Paul Morris/Bloomberg via Getty ImagesNot all chip firms are benefitting from the boom in artificial intelligence, earnings show, underscoring the complexities of the...
Elon Musk, CEO of Tesla.Antonio Masiello | Getty ImagesTesla shares fell more than 8% in premarket trading in the U.S. after the electric carmaker reported second-quarter earnings that missed expectations amid ongoing pressure in its auto business.The stock pared losses to trade down 7.3% at 04:37 ET. Elon Musk's...
ASML logo is seen at the headquarters in Veldhoven, Netherlands, June 16, 2023.Piroschka Van De Wouw | ReutersASML reported second-quarter earnings and sales that beat forecasts as it continues to see a recovery in demand for its machines that are required to make the world's most advanced chips. Here's...
Alibaba said it is working on a rival to ChatGPT, the artificial intelligence chatbot that has caused excitement across the world. Alibaba said its own product is currently undergoing internal testing.Kuang Da | Visual China Group | Getty ImagesAlibaba posted a beat on revenue in its fiscal fourth quarter...