With Trump's inauguration comes the support of many tech giants. From Tiktok CEO Shou Chew to Amazon's Jeff Bezos, everyone wants the new President's favor. What could Donald Trump give them that has them so invested?
Shares of an Ohio firm that makes the paper filler that prevents items from jostling around in delivery boxes have risen more than 25% after it said Amazon.com is taking a stake in the firm. Ranpack Holdings said in a securities filing that the e-commerce giant has agreed to buy a warrant for 18.
However, the U.S. stock market could move sharply on Jan. 29 and Jan. 30 based on commentary from the Federal Reserve, and earnings results from several "Magnificent Seven" companies: Apple ( AAPL 3.65%), Meta Platforms ( META 2.19%), Microsoft ( MSFT 2.91%), and Tesla ( TSLA 0.24%). Read on for details.
Viewing humanoid robots as a threat is just as detrimental to progress and development as considering AI itself dangerous.
Elon Musk said there is a path for Tesla to become worth more than the next five most valuable companies combined. That’s Apple, Nvidia, Microsoft, Amazon.com, and Alphabet. Their market values total roughly $15 trillion.
Microsoft alone is projecting $80 billion of infrastructure spend for data centers in 2025; meanwhile, OpenAI, Oracle and SoftBank are leading the newly announced Stargate initiative under President Trump — a project aiming to invest $500 billion into AI frameworks over the coming years.
Microsoft's disappointing Azure numbers are "neutral to modestly negative" for rivals Amazon.com and Alphabet, according to RBC Capital Markets analyst Brad Erickson. Alphabet stock rose 1% while Amazon's was marginally lower.
Stocks rose Tuesday, led by tech. AI fears loom as Meta, Microsoft report earnings. Tesla faces policy risks. Fed decision, major earnings, and government cuts ahead.
The company formerly known as Google has seen almost a 16 per cent rise in share price from when Trump was confirmed as having won the US election in early November, and while it has held fairly steady across the past month, the final week of Joe Biden’s administration did see an initial 1.6 per cent rise.
Amazon founder Jeff Bezos is plotting to challenge Elon Musk's Starlink in the UK broadband market, with plans to launch an alternative — dubbed Project Kuiper — as early as this year. Starlink uses satellites orbiting the Earth to power your home Wi-Fi connection,
US stocks gained steam on Thursday afternoon as investors digested megacap tech earnings and waited for Apple (AAPL) results for more clues on prospects for Big Tech. Right ahead of the closing bell,