Meta Platforms Inc. (META.O) shares soared 7% on Thursday after the tech giant beat quarterly revenue estimates and forecast upbeat third-quarter sales. Strong digital ad spending on its social media platforms, coupled with AI investments, …
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Hewlett Packard Enterprise to Acquire Juniper Networks: EU Antitrust Approval Expected
Hewlett Packard Enterprise (HPE) is expected to secure unconditional approval from the European Union (EU) for its $14 billion acquisition of networking gear maker Juniper Networks. The EU, which is set to decide on the …
Continue readingOracle Partners with Rai Way for Enhanced AI and Cybersecurity Solutions in Italy
Oracle, a leading technology company, has partnered with Rai Way, an Italian infrastructure firm, to install its AI systems at Rai Way’s data centers. This collaboration will provide Oracle’s corporate clients with access to its …
Continue readingAlphabet Shares Plunge Despite Earnings Beat as Expenses Surge
Alphabet, the parent company of Google, experienced a significant drop in its share price, falling over 3% in pre-market trading on Wednesday. This decline came despite the company exceeding second-quarter earnings expectations. The primary driver …
Continue readingGitLab Explores Sale Amidst Tech M&A Boom; Datadog Reportedly Interested
GitLab, a leading provider of cloud-based software development tools, is exploring a sale, according to sources familiar with the matter. The company, which has a market value of $8 billion, has attracted acquisition interest from …
Continue readingRay-Ban Meta Smart Glasses Outsell Previous Version: Are Smart Glasses Finally Taking Off?
The new generation of Ray-Ban Meta smart glasses has exceeded expectations, outselling the previous version, Ray-Ban Stories, in a matter of months. Released in October 2022, the new glasses feature AI capabilities that allow users …
Continue readingASML Order Book Soars on AI Chip Demand, Booming Despite China Concerns
ASML, the world’s leading supplier of equipment to chipmakers, is poised for a strong second quarter, driven by the burgeoning demand for AI chips. The company is expected to report a surge in new orders, …
Continue readingApple Stock Surges on Morgan Stanley’s AI-Driven “Top Pick” Rating
Apple‘s shares jumped by nearly 2% on Monday after Morgan Stanley upgraded its price target and declared the iPhone maker a “top pick,” citing its AI efforts as a key driver for device sales. The …
Continue readingWall Street Surges on Rate Cut Bets, Strong Earnings Outlook
Wall Street closed higher this week, buoyed by investor bets on an imminent Federal Reserve rate cut and strong second-quarter earnings expectations. The S&P 500 gained 0.9% for the week, the Nasdaq rose 0.2%, and …
Continue readingEquinix Mulls Minority Stake Sale in Hong Kong Data Centers Amid AI Boom
Global data center operator Equinix is considering selling a minority stake in its Hong Kong facilities, valuing the assets at around $2 billion. The move comes as the company seeks to capitalize on the booming …
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