Alphabet Inc. (GOOGL) will report second-quarter earnings on Wednesday after the closing bell, with investors closely watching whether the Google parent can justify its growing investments in artificial intelligence amid delays to a key AI model and intensifying competition. As the first of the “Magnificent Seven” technology companies to report earnings this season, Alphabet’s results
Jito’s latest product launch has put fresh attention on the JTO token at a time when sentiment across the cryptocurrency market is improving. The protocol has introduced JTX, a self-custodial trading platform built for Solana assets and tokenised real-world assets, adding a new business line beyond its well-known liquid staking and MEV infrastructure. https://twitter.com/jtx_trade/status/2079586859529777388?s=20 Following
Tesla (TSLA) shares are inching higher ahead of the company’s second-quarter earnings scheduled to be released after market close on Wednesday, July 22nd. Consensus is for the EV specialist to post a nearly 15% year-on-year increase in earnings per share (EPS) to $0.31 on revenue of at least $25.7 billion – which would represent a
Micron Technology Inc. (MU) shares surged 12% on Tuesday after Bank of America argued that the rapid emergence of low-cost, open-source Chinese artificial intelligence models could increase, rather than reduce, demand for memory chips. The rally came ahead of a key week for the technology sector, with investors awaiting earnings from Alphabet and other major
Palo Alto Networks Inc. (PANW) is emerging as one of Wall Street’s preferred cybersecurity plays as concerns over increasingly powerful artificial intelligence models drive demand for security products and services. The view follows comments from International Business Machines (IBM), which said last week that enterprise customers are placing greater emphasis on cybersecurity as more advanced
US stocks closed sharply higher on Tuesday, led by a strong rebound in semiconductor shares as investors looked past geopolitical tensions in the Middle East and focused on the upcoming wave of Big Tech earnings reports. The Dow Jones Industrial Average rose 384.46 points, or 0.74%, to close at 52,223.72. The S&P 500 gained 0.86%
Domino’s Pizza reported second-quarter revenue that narrowly exceeded Wall Street expectations, as growth in its supply-chain business helped offset softer demand across its restaurant operations. Consumers continued to limit discretionary spending, weighing on sales at the pizza chain’s stores. The Ann Arbor, Michigan-based company reported second-quarter revenue of $1.19 billion, slightly above analysts’ estimates of
Artificial intelligence has become the defining investment story of the decade, propelling companies like Nvidia, Broadcom, and Micron to record valuations while helping drive the S&P 500 to successive highs. But every transformative technology has, at some point, been accompanied by concerns that optimism has run too far. That question formed the basis of the
London’s FTSE 100 edged lower on Monday as escalating tensions between the United States and Iran raised concerns over shipping through the Strait of Hormuz. Investors also turned their attention to Britain’s political transition as Andy Burnham prepared to take office as the country’s new prime minister. The blue-chip FTSE 100 index fell 0.5% to
Cambridge-based AI startup CuspAI has raised $450 million in fresh funding. Investors include Amazon founder Jeff Bezos and the UK government. The company will use the funds to speed up the discovery of new materials for industries such as semiconductors and clean energy. The Series B funding round values the two-year-old company at $2.6 billion