Technology business news on AI, semiconductors, software and Big Tech, and what it means for investors.
Tesla’s stock saw modest gains in early Thursday trading, approaching its yearly high, following a notable price target adjustment from a prominent Wall Street analyst who cited the company’s advancements in robotics technology. The electric vehicle manufacturer has experienced a remarkable surge in market value over the past
A TikTok content creator’s attempt to document her shopping activities at Target led to her arrest after she allegedly committed theft at a self-checkout counter in Cape Coral, Florida. The 22-year-old social media influencer, Marlena Velez, was taken into custody on Saturday after reportedly scanning items
Financial markets displayed caution Thursday as tech giant Nvidia’s revenue forecast and escalating tensions in the Russia-Ukraine conflict weighed on investor sentiment. Stock futures indicated a lower opening, while safe-haven assets attracted increased attention. The previous trading session saw minimal movement, with the S&P 500
Amazon’s commitment to customer feedback and innovation continues to drive its growth, with analysts taking notice of the e-commerce giant’s customer-centric approach. Needham analyst Laura Martin has increased the company’s price target from $210 to $250, maintaining a buy rating ahead of the Needham Growth
Actelis Networks, a leader in cyber-hardened, rapid deployment networking solutions for wide-area IoT applications, reported a stellar performance in its Q3 2024 financial results, achieving a 200% year-over-year revenue increase. With revenue for the quarter reaching $2.54 million, Actelis has surpassed its total 2023 revenue
The Chinese-owned social media platform TikTok has been directed by Canadian authorities to cease operations at its two offices within the country, citing national security concerns. While the physical presence of the company will be eliminated, Canadian users will still maintain access to the popular video-sharing application. During
In a country where over 23 million multi-dwelling units (MDUs) serve as homes for millions of Americans, outdated internet infrastructure has long been a barrier to high-speed access. Many MDUs, particularly those constructed before the 2000s, still rely on copper or coax wiring, making it both costly and
Markets showed positive momentum during midday trading, with technology stocks leading the charge following Amazon’s strong earnings report. The S&P 500 advanced 0.44%, while the Nasdaq Composite saw gains of 0.73%. The Dow Jones Industrial Average moved up 0.64%, and the Russell 2000 added
Apple’s stock experienced a decline in early Friday trading following the company’s conservative holiday quarter outlook, which indicates a longer timeline for its artificial intelligence investments to drive iPhone 16 demand. The tech giant is placing significant emphasis on its newly developed AI technologies, branded as Apple Intelligence,
The race to dominate artificial intelligence capabilities is driving unprecedented capital expenditure among tech giants, with Meta Platforms leading the charge despite investor concerns about mounting costs. During Meta’s third-quarter earnings call, CEO Mark Zuckerberg emphasized the critical importance of investing heavily in AI infrastructure, signaling that the
Markets declined Wednesday as major technology companies released disappointing reports, with the S&P 500 falling 1.6%, the Nasdaq Composite dropping 2.5%, and the Dow Jones Industrial Average decreasing 0.64%. Technology giant Microsoft saw its shares decline 5.5% following weak revenue guidance, while Meta Platforms
Microsoft shares experienced a significant decline in early Thursday trading, pulling down other tech giants and major market indices, as the company’s latest earnings report revealed challenges in its artificial intelligence strategy. Despite being an early leader in AI through its OpenAI partnership, the tech giant faces mounting concerns
