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Source: 24/7 Wall Street News Agency
4 weeks ago
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Meta Facing $1.4 Trillion in Damages: Inside the Trial That Could Redefine Big Tech

Meta Facing $1.4 Trillion in Damages: Inside the Trial That Could Redefine Big Tech

Opening arguments have begun in Oakland in the youth-safety trial brought by California and other state attorneys general against Meta Platforms (NASDAQ:META | META Price Prediction), which is expected to run for about seven weeks.

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META Meta Platforms, Inc.
Source: 24/7 Wall Street
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Source: PYMNTS News Agency
4 weeks ago
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Amazon Eyes Sixfold Expansion of Drone Delivery Service

Amazon Eyes Sixfold Expansion of Drone Delivery Service

Amazon hopes to offer drone deliveries in nearly 500 U.S. communities by year-end. That will mark a sixfold increase for Amazon's Prime Air service, the company announced Wednesday (Aug. 19), as it targets metro areas such as Chicago, Cleveland and Atlanta.

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AMZN Amazon.com, Inc.
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Source: Seeking Alpha News Agency
1 month ago
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Meta's AI Payoff Has Already Begun

Meta's AI Payoff Has Already Begun

Meta's Q2 revenue rose 28% to $60.8 billion, while ad impressions increased 14% and average ad pricing gained 12%. AI ranking improvements lifted Facebook ad clicks 8.3% and conversions 15.7%, demonstrating tangible returns from Meta's infrastructure spending. Advantage+ reached a $75 billion annual revenue run rate, while 9 million small businesses now use Meta AI creative tools.

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META Meta Platforms, Inc.
Source: Seeking Alpha
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Source: CNBC News Agency
1 month ago
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Amazon to expand drone service to nearly 500 cities after targeting 1 million deliveries this year

Amazon to expand drone service to nearly 500 cities after targeting 1 million deliveries this year

Amazon is planning to offer drone deliveries in nearly 500 U.S. cities and towns this year. The company has quietly expanded to more metro areas in recent months after receiving a key regulatory greenlight enabling longer-range deliveries.

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AMZN Amazon.com, Inc.
Source: CNBC
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Source: The Motley Fool News Agency
1 month ago
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Satya Nadella Said Microsoft's Own AI Chips Are Driving Up to 40% Efficiency Gains Over Reliance on OpenAI. Here's Why That Matters for Investors.

Satya Nadella Said Microsoft's Own AI Chips Are Driving Up to 40% Efficiency Gains Over Reliance on OpenAI. Here's Why That Matters for Investors.

Microsoft is showing investors that its massive AI spending can become more efficient and profitable, not just bigger. Its own chips and models could lower costs and reduce Microsoft's dependence on OpenAI, giving it more control over the AI business.

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MSFT Microsoft Corporation
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Source: 24/7 Wall Street News Agency
1 month ago
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Apple Shares Jump Tuesday While the Nasdaq Plummets: Here's Why It Led Magnificent 7 Stocks

Apple Shares Jump Tuesday While the Nasdaq Plummets: Here's Why It Led Magnificent 7 Stocks

Shares of Apple (NASDAQ:AAPL | AAPL Price Prediction) closed higher Tuesday even as the broader Nasdaq sold off, finishing the session up 1.5% at $310.03.

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AAPL Apple Inc.
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Source: CNBC News Agency
1 month ago
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California AG Bonta says case against Meta is about 'restitution and distortion,' not damages

California AG Bonta says case against Meta is about 'restitution and distortion,' not damages

California Attorney General Rob Bonta said Tuesday that a federal child safety trial he's co-leading against Meta centers around "civil penalties, restitution and distortion." "This is not a damages case," Bonta said during a press conference following opening arguments on the first day of a trial that could last up to seven weeks.

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META Meta Platforms, Inc.
Source: CNBC
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Source: Invezz News Agency
1 month ago
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Could Apple stock jump 30%? This Nvidia AI bet may hold the key

Could Apple stock jump 30%? This Nvidia AI bet may hold the key

Apple stock (NASDAQ: AAPL) could have roughly 31% upside after Rothschild & Co Redburn upgraded the shares to Buy from Neutral and raised its price target to $400 from $260. Rothschild & Co Redburn upgraded Apple to Buy from Neutral and lifted its price target to $400 from $260.

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AAPL Apple Inc.
Source: Invezz
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Source: The Motley Fool News Agency
1 month ago
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Apple vs. CoreWeave: Comparing Revenue Trends Between a Stable Tech Giant and a Rapidly Growing AI Neocloud

Apple vs. CoreWeave: Comparing Revenue Trends Between a Stable Tech Giant and a Rapidly Growing AI Neocloud

Apple consistently generates higher absolute revenue totals across its established global operations, while CoreWeave exhibits a faster relative growth rate from a much smaller initial baseline. Apple displays cyclical quarter-over-quarter revenue fluctuations that typically peak during the end of the calendar year, while CoreWeave shows continuous quarter-over-quarter sequential increases across all recently reported quarters.

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AAPL Apple Inc.
Source: The Motley Fool
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Source: 24/7 Wall Street News Agency
1 month ago
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Top Investors See Value in AMZN: “Amazon Has Built One of the Largest Chip Businesses in the World and Barely Anyone Has Noticed”

Top Investors See Value in AMZN: “Amazon Has Built One of the Largest Chip Businesses in the World and Barely Anyone Has Noticed”

On a recent episode of The Investor's Podcast (838), Daniel Mahncke and Shawn O'Malley argued that Amazon offers more asymmetric upside than its hyperscaler peers: “Amazon has literally built one of the largest chip businesses in the world in the last couple of years, and barely anyone has even noticed.

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AMZN Amazon.com, Inc.
Source: 24/7 Wall Street
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Source: New York Post News Agency
1 month ago
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Nvidia provides $105B in financing toward OpenAI's massive Ohio data center — will be one of biggest in world

Nvidia provides $105B in financing toward OpenAI's massive Ohio data center — will be one of biggest in world

OpenAI has inked a 20-year deal for the site, which will ultimately provide about eight gigawatts of computing capacity that will help support products like ChatGPT. In energy terms, a single gigawatt can power approximately 750,000 homes.

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NVDA NVIDIA Corporation
Source: New York Post
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Source: Invezz News Agency
1 month ago
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Why is Microsoft stock falling 3% today?

Why is Microsoft stock falling 3% today?

Microsoft MSFT shares fell about 3.2% on Monday after a Guardian investigation raised questions about whether the company has enough advanced chips installed to support its rapid artificial intelligence infrastructure expansion. The report pointed to a potential gap between Microsoft's stated data-center expansion and the number of AI chips installed across its facilities.

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MSFT Microsoft Corporation
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