Apple Inc’s (NASDAQ:AAPL) iPhone sales in China increased by 52% year-on-year in April, Reuters cites from industry reports. The stock price gained after the report. The iPhone maker’s results follow a softer performance earlier this year in the leading smartphone market.…
Ferrari NV (NYSE:DAVA) CEO Benedetto Vigna has enormous expectations from its electric supercar debut, similar to those of its existing blockbuster combustion-engine models. The company looks to launch its electric vehicle in the fourth quarter of 2025, Bloomberg Television cites Vigna in an interview on…
Analysts are optimistic about Netflix Inc (NASDAQ:NFLX) as the streaming company gears up for its Upfront presentation on May 16. JPMorgan analyst Doug Anmuth reiterated an Overweight rating on Netflix stock with a price target of $650, citing several factors…
Jack Hidary, CEO of SandboxAQ, recently emphasized the critical role of AI in determining the future of various industries. What Happened: Hidary stated during CNBC’s “Last Call” on Wednesday, “AI… it’s a do-or-die moment right now.” He highlighted that AI…
Spotify Technology SA (NYSE:SPOT) reported fiscal first-quarter 2024 revenue growth of 20% year-on-year to $3.95 billion (3.64 billion euros), beating the consensus of $3.85 billion. EPS of $1.05 (97 cents) beat the consensus of $0.70. Premium Revenue grew 20% year over year to 3.25…
Wedbush Securities analyst Daniel Ives predicts a seismic shift in IT spending towards AI and related technologies. He estimates that such purchases will account for 8%-10% of IT budgets in 2024, a big jump from less than 1% in 2023.…
Meta Platforms, Inc's (NASDAQ:META) Instagram, the most sought-after social networking platform for teenagers, has cracked down on their safety by taking initiatives to protect them against "sextortion" scams. Now, victims receiving nude images via direct messages will get a pop-up instruction to block…
On Wednesday, Micron Technology, Inc. (NASDAQ:MU) said it has qualified a full suite of its automotive-grade memory and storage solutions for Qualcomm Incorporated‘s (NASDAQ:QCOM) Snapdragon Digital Chassis. Micron and Qualcomm Technologies collaborate to advance AI-powered intelligent vehicle development for the next generation. Qualcomm’s Snapdragon…
Jim Farley-led Ford Motor Company (NYSE:F) has caught the attention of investors and market analysts alike with its recent stock performance, signaling a potential resurgence in the automotive sector. What Happened: On Monday, Cramer highlighted the recent success of Ford…
Microsoft Corp (NASDAQ:MSFT) has unveiled a new hub in London for its recently established consumer AI division, led by AI scientist and engineer Jordan Hoffmann, who the company recruited from the notable AI startup Inflection AI. This move follows Microsoft’s investment in…
