Thirteen organizations, many allied with high-tech companies, wrote to the U.S. House Judiciary Committee on Monday urging lawmakers to vote against two of the most far-reaching antitrust bills that the committee will discuss this week.
In this video I will be talking about Fastly's (NYSE: FSLY) recent internet outage, why the stock is actually up 40% since its last earnings report, and the effect of cloud gaming on Fastly.
Facebook Inc on Monday launched its own Clubhouse-style live audio rooms and a way to find and play podcasts on its platform, marking a push into social audio by the world's largest social network.
A lot can happen in 10 years. For instance, online retail giant Amazon.com saw its market cap soar more than 1,900% to reach $1.7 trillion. And longtime shareholders reaped a big reward: a 1,700% gain in the stock price. Of course, we all would like to find the next trillion-doll
Amazon and Apple are the world's most valuable brands but Chinese brands are rising up the leaders list and are more valuable than Europe's top brands, according to a global ranking by Kantar’s BrandZ.
Microsoft (NASDAQ: MSFT) recently unveiled what it's pitching as its "biggest exclusive games lineup ever" for Xbox. The lineup features 30 exclusive titles as Microsoft tries to bolster its first-party game library to attract more subscribers to its a la carte gaming service, Xb
Microsoft (NASDAQ: MSFT) and International Business Machines (NYSE: IBM) have been foundational technology companies for decades, and each has had to adapt to the shifting tech landscape over the past few years.
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the Invesco QQQ, which added 8,350,000 units, or a 1.7% increase week over week. Among the largest underlying components of QQQ, in morning trading t
Turtle Beach (NASDAQ: HEAR) doesn't get the same level of attention as its larger peers in the gaming peripherals market like Logitech International (NASDAQ: LOGI) and Corsair Gaming (NASDAQ: CRSR). But the company's profile rose in 2018 when Epic Games' Fortnite was all the rage
Despite its recent crash, Dogecoin (CRYPTO: DOGE) has had an incredible year. Over the past 12 months, its price has soared by nearly 13,000%. If you had invested $1,000 in the cryptocurrency one year ago and held on, you'd have close to $130,000 today.
Amazon (NASDAQ: AMZN) has become a force to be reckoned with. It is continuing to put up impressive growth numbers despite its massive size. No one company could take the e-commerce giant down, but could it lose momentum as numerous competitors pick off niche markets while Amazon
Microsoft (MSFT) plans to build four more data centers in China by early 2022 to add to the existing six it already operates in the country, according to a Bloomberg report citing confidential sources. The planned additional facilities are part of the company’s efforts to expand its cloud computing capacity across Asia.
The global demand for internet services increased during the COVID-19 pandemic. Microsoft seeks to take advantage of this with capacity expansion. The company aims to double its intelligent cloud capacity in China in the coming years.
Microsoft has a local partner that operates its data centers in China. Its existing six data centers in the country are managed by a company called 21Vianet, according to Bloomberg.
Chinese companies are increasingly migrating to the cloud after being slow to do so in past years, and Microsoft is expecting a boom in data storage and management demand. China’s cloud market is expected to reach $46 billion in 2023. Microsoft’s commercial cloud revenue for the quarter ended March 31 increased 33% to $17.7 billion. (See Microsoft stock chart on TipRanks)
Tigress Financial analyst Ivan Feinseth recently reiterated a Buy rating on Microsoft stock with a price target of $303. The analyst’s price target implies 16.14% upside potential.
Feinseth believes that ongoing digital transformation will add growth to Microsoft's profit, leadership position, and revenue.
Consensus among analysts is a Strong Buy based on 26 Buys. The Microsoft average analyst price target of $297.96 implies 14.20% upside potential to current levels.
MSFT scores a “Perfect 10” on TipRanks’ Smart Score rating system, indicating that the stock has strong potential to outperform market expectations.
Alphabet Inc's Google told Reuters this week it is developing an alternative to the industry standard method for classifying skin tones, which a growing chorus of technology researchers and dermatologists says is inadequate for assessing whether products are biased against people of color.
Conviction in the strength of the economic recovery pushed investors into U.S. technology stocks on Thursday, driving the Nasdaq higher, although a post-Fed hangover left a subdued S&P nursing a very minor loss.
The NASDAQ 100 After Hours Indicator is up 15.28 to 14,179.09. The total After hours volume is currently 84,938,609 shares traded.The following are the most active stocks for the after hours session: Invesco KBW Bank ETF (KBWB) is +0.338 at $63.45, with 7,505,065 shares traded.
Conviction in the strength of the economic recovery pushed investors into U.S. technology stocks on Thursday, driving the Nasdaq higher, although a post-Fed hangover limited a subdued S&P.
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