Technology

Did Apple’s slow AI progress prompt Buffett to sell?

August 06, 2024 05:29 AM AEST| By Invezz

Waren Buffett's recent decision to trim his Apple stake by half may suggest that he wasn't happy with the company's progress on AI.

Uber stock is in a bear market; will earnings change that?

August 04, 2024 12:35 AM AEST| By Invezz

Uber Technologies (NYSE: UBER) stock price has moved into a deep bear market, falling by over 28% from its highest point this year and erasing most of the gains made earlier on. It has collapsed to its lowest point since January 2024 as the focus shi...

What the UK’s $1.7 billion AI funding cut means for future technological breakthroughs

August 03, 2024 08:58 PM AEST| By Invezz

The United Kingdom’s recent decision to cancel £1.3 billion ($1.7 billion) worth of computing infrastructure projects has sent shockwaves through the tech community, posing significant questions about the future of technological breakthroughs i...

Why is US probing Nvidia’s $700-M acquisition of this Israeli startup?

August 03, 2024 02:46 AM AEST| By Invezz

The US Department of Justice (DoJ) has launched an investigation into Nvidia’s acquisition of the Israeli artificial intelligence startup Run:ai (Run), probing potential antitrust violations. The inquiry highlights growing concerns over Nvidia&...

Palantir stock price could explode higher after earnings: here’s why

August 02, 2024 04:05 PM AEST| By Invezz

Palantir Technologies (PLTR) stock price has suffered a harsh reversal in the past few days as concerns about the tech sector continued. It has moved into a deep correction as it crashed by over 12% from its highest point this year. Palantir ea...

CrowdStrike faces shareholder lawsuit over massive IT outage

August 01, 2024 11:03 PM AEST| By Invezz

In a dramatic turn of events, shareholders of cybersecurity giant CrowdStrike have filed a class-action lawsuit against the company. The lawsuit alleges that CrowdStrike made “false and misleading” statements about its software test...

Meta surges 8% pre-market after Q2 earnings beat: Should you buy now?

August 01, 2024 10:49 PM AEST| By Invezz

Meta Platforms Inc. (NASDAQ: META) has once again captured investor attention, surging over 8% in pre-market trading following its impressive Q2 FY 2024 earnings report. The tech giant reported earnings per share (EPS) of $5.16, beating analyst...

EU’s AI Act brings sweeping changes for US tech giants

August 01, 2024 08:26 PM AEST| By Invezz

The European Union’s AI Act, the first comprehensive legislation of its kind, comes into effect today, signalling a significant shift for technology companies worldwide. Aimed primarily at major US firms, the law mandates stringent regulations...

Intel and AMD stock forecasts: INTC, AMD brace for earnings

July 29, 2024 06:04 PM AEST| By Invezz

Advanced Micro Devices (AMD) and Intel (INTC) stock prices will be in the spotlight this week as the two semiconductor giants publish their financial results. AMD will come first on Tuesday while Intel Corporation will follow next on Thursday. ...

Apple’s iPhone discounts fail to boost market share in China: What’s next for the tech giant?

July 26, 2024 05:35 AM AEST| By Invezz

Apple’s aggressive discounting strategy in China appeared promising earlier this year. During an online shopping festival in May, the tech giant offered significant price cuts on its iPhones, aiming to boost sales and counteract its faltering perform...

Samsung setback drags South Korean stocks as Nvidia test falters

July 25, 2024 03:36 AM AEST| By Invezz

South Korea’s primary stock index, KOSPI, took a hit today as Samsung Electronics Co Ltd (KRX: 005930) encountered a significant setback in passing Nvidia Corp’s (NASDAQ: NVDA) critical chip test. This stumble has sent ripples through the...

UPS Q2 earnings prove it overpays its drivers, investors flee

July 24, 2024 01:46 AM AEST| By Invezz

Investors are selling the UPS stock as the company announced a poor earnings, lowering the guidance for the remainder of the year.

Google’s $23 billion acquisition of Wiz falls through, Israeli cybersecurity firm to go for IPO

July 23, 2024 06:01 PM AEST| By Invezz

Google parent Alphabet’s ambitious plans to acquire Israeli cybersecurity firm Wiz for $23 billion have fallen through, marking a significant setback in its quest to bolster the search engine’s cloud-computing division with advanced secur...

CrowdStrike faces double downgrade amid IT outage fallout as Cathie Wood seizes the opportunity

July 23, 2024 04:35 AM AEST| By Invezz

Crowdstrike received a double downgrade after its update fiasco last week as two analysts downgraded the stock. Cathie Wood, however, is buying.

CrowdStrike’s IT meltdown: Did it shake up US stock exchanges on Friday?

July 20, 2024 12:28 AM AEST| By Invezz

On Friday, a significant IT outage linked to a software update at CrowdStrike Holdings Inc. (NASDAQ: CRWD) caused widespread disruptions across multiple industries, including healthcare, air travel, and financial services. Despite the CrowdStrike-rel...

Is Intel the smarter investment as Nvidia peaks? Here’s why

July 19, 2024 05:50 AM AEST| By Invezz

Nvidia stock has run its course and overextended. If the business improves from here on, Intel will be a beneficiary and can perform better in the near term.

Amazon Prime Day 2024 smashes sales records with $14 billion; stock declines despite high demand

July 19, 2024 01:25 AM AEST| By Invezz

Amazon.com Inc (NASDAQ: AMZN) faced a slight decline in stock value today despite achieving record-breaking sales during Prime Day 2024, which saw customers spend over $14 billion across its platform. The eCommerce giant reported a surge in Prime mem...