Tech stocks were higher late Tuesday with the Technology Select Sector SPDR Fund (XLK) rising 1.6% and the Philadelphia Semiconductor index adding 0.4%.
What happened
Shares of cloud and artificial intelligence (AI) giant Microsoft (NASDAQ: MSFT) were rallying today, up 5.3% as of 1:38 p.m. ET, reaching a new all-time high for the first time since late 2021.
Aleph Group Inc said on Tuesday it had filed to withdraw its IPO plans, citing "public interest and the protection of investors," more than a year after the digital advertising firm submitted paperwork to go public.
Alphabet GOOGL, one of the world’s foremost technology companies, and operator of the monopoly search engine Google, reports earnings Tuesday, July 25.
Twenty-two Republican lawmakers urged the Federal Trade Commission to drop its fight against Microsoft's deal to buy video game maker Activision Blizzard, calling it "an example of the FTC’s rejection of sound antitrust policy."
Fintel reports that on July 18, 2023, Keybanc maintained coverage of Microsoft (NASDAQ:MSFT) with a Overweight recommendation. Analyst Price Forecast Suggests 1.35% Upside
Tech stocks were mixed Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 1.1% and the Philadelphia Semiconductor index falling 0.5%.
What happened
Shares of Teladoc Health (NYSE: TDOC) were moving higher Tuesday after the telehealth company announced a new AI partnership with Microsoft Azure, the latest expansion of its relationship with the tech giant.
Splunk Inc. SPLK collaborated with Microsoft Corp. MSFT to support organizations with advanced digital resilience capabilities. The strategic partnership intends to develop Splunk’s cloud solutions by utilizing Microsoft Azure. Th
Meta is releasing a commercial version of its open-source artificial intelligence model Llama, the company said on Tuesday, giving start-ups and other businesses a powerful free-of-charge alternative to pricey proprietary models sold by OpenAI and Google.
Meta is releasing a commercial version of its open-source artificial intelligence model Llama on Tuesday, the company said, giving start-ups and other businesses a powerful free-of-charge alternative to pricey proprietary models sold by OpenAI and Google.
Global stock markets rose while shares on Wall Street were mixed on Tuesday after U.S. retail sales rose less than expected in June, but consumers boosted or maintained spending elsewhere, raising the odds the Federal Reserve hikes interest rates next week.
Microsoft’s MSFT Xbox recently announced the launch of Xbox Game Pass Core on Sep 14. This new offering is an upgrade from Xbox Live Gold and grants players access to an advanced multiplayer network. It is a curated collection of
Microsoft on Tuesday said it would charge at least 53% more to access new artificial intelligence features in its widely used office software, in a glimpse at the windfall it hopes to reap from the technology.
Federal investigations are never a good thing. So, when news broke that the Federal Trade Commission (FTC) is actively investigating OpenAI, the maker of ChatGPT, my first thought was, This is bad news.
OpenAI is committing $5 million to the American Journalism Project (AJP) under a partnership that will look for ways to support local news through artificial intelligence, the Microsoft-backed startup said on Tuesday.
In early trading on Tuesday, shares of Verizon Communications topped the list of the day's best performing Dow Jones Industrial Average components, trading up 3.9%. Year to date, Verizon Communications has lost about 17.1% of its value.
Microsoft (MSFT) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2023. This widely-known consensus outlook gives a good sense of the company's earn
Infosys Limited INFY revealed on Monday that it has signed a framework agreement with one of its existing clients to provide artificial intelligence (AI) and automation services.
Cybersecurity is a secular growth trend. With the world going digital, protecting data and systems is more important than ever before. Estimates point toward global cybersecurity software spending increasing at an average high-single-digit-percentage pace over the next five years