Network giant Cisco is planning to restructure its business which will include laying off thousands of employees, as it seeks to focus on high-growth areas, according to three sources familiar with the matter.
Peloton stock has continued to fall to new record lows, despite the company's turnaround plan. Will a tech giant like Apple eventually acquire the fitness equipment company?
The technology sector is back and dominating the stock market rally once again this year. Strong corporate earnings, corporate actions and optimism over artificial intelligence (AI) are driving the sector higher (read: 5 Technolog
ByteDance's TikTok has lost its bid to suspend its designation as a gatekeeper, which makes it subject to onerous obligations under EU rules, after Europe's second top court dismissed its request because it failed to show the urgency for such a move.
IBM is no longer a Tech 1.0 relic - 'Big Blue' has transformed itself into a tech consulting firm that helps companies integrate AI into their business. Plus, its stock is cheap compared to rivals like Accenture. Here's why investors should consider buying IBM stock now.
A group of authors suing OpenAI for copyright infringement including Michael Chabon, Ta-Nehisi Coates and comedian Sarah Silverman have asked a California court to shut down related high-profile lawsuits brought by the New York Times, John Grisham and others in New York.
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the BlackRock U.S. Equity Factor Rotation ETF, which added 12,775,000 units, or a 21.1% increase week over week. Among the largest underlying compone
For most investors, how much a stock's price changes over time is important. This factor can impact your investment portfolio as well as help you compare investment results across sectors and industries.
Amazon (NASDAQ: AMZN) is known for e-commerce, but the company has a lot more going for it than that. It has a thriving service segment with third-party seller services, advertising, and subscriptions. And one segment that has received a lot of attention is Amazon Web Services (A
Below is Validea's guru fundamental report for MICROSOFT CORP (MSFT). Of the 22 guru strategies we follow, MSFT rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental moment
Nvidia is building a new business unit focused on designing bespoke chips for cloud computing firms and others, including advanced artificial intelligence processors, according to nine sources familiar with the company's plans.
For Immediate ReleaseChicago, IL – February 9, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the fi
The jarring contrast of China's market bust and soaring U.S. stocks may cloud the vulnerability of the latter to events in Beijing, and some fear Wall Street's narrow focus heightens that risk.
Microsoft-backed OpenAI hit the $2 billion revenue milestone in December, the Financial Times reported on Friday, citing two people with knowledge of the artificial intelligence (AI) start-up's finances.
Microsoft-backed OpenAI hit the $2 billion revenue milestone in December, the Financial times reported on Friday, citing two people with knowledge of the artificial intelligence (AI) start-up's finances.
OpenAI CEO Sam Altman is in talks with investors, including the UAE, to raise funds for a tech initiative to boost the world's chip-building capacity and expand its ability to power AI, among other things, the Wall Street Journal reported on Thursday.