On Tuesday, Huawei released its new device, the first tri-fold smartphone in the world, Mate XT, a few hours after the introduction of the iPhone 16. The new gadget’s strategically timed launch sparked a massive buzz for the Chinese tech company. Mate XT, priced at $2,800.00, attempts to steal the spotlight from Apple. During a …
On Monday, Oracle reported lower Q1 financial data as it surpassed estimates on robust demand for its cloud services. Despite exceeding forecasts, its stock dipped to close the session by -1.35% to $139.89 apiece. However, it recovered by 8.95% to $152.40 per share in after-hours trading. Meanwhile, Oracle’s earnings per share plummeted to $1.39, better …
Oracle Reveals Lower Q1 Earnings Data but Beats Estimates Read More »
According to a Justice Department prosecutor, Google aims to take over all sides of online advertising technology as a trial for its antitrust showdown begins. The prosecutors said that the Alphabet company significantly reigned over the technological infrastructure that funds news flows and websites. This goes across over 150,000 online ad sales every second. According …
Google Plans to Control Web Ad Tech as Trial Begins Read More »
Google stock declined after hours as it faces the US Department of Justice’s (DOJ) second lawsuit on Monday over its alleged ad-tech monopoly. The search giant’s stock plunged -4.02% to $150.92 apiece in closed trading and dipped by -0.28% to $150.50 in the after-hours session. According to reports, the DOJ claimed that Google’s ad-tech services …
Google Stock Plummets Amid DOJ Second Antitrust Lawsuit Read More »
Shares in US chip designer Broadcom Inc. dropped in after-market hours on Thursday following its fourth-quarter outlook missing Wall Street forecasts due to a loss of momentum in the firm’s broadband business. The company’s stock declined almost 5% in extended trading, overlooking optimism from a significant order increase for its artificial intelligence (AI) chips from …
Broadcom Drops as Q4 Outlook Misses on Slow Non-AI Revenue Read More »
On Tuesday, Nvidia’s stock declined following reports that the US Department of Justice (DOJ) issued the firm an antitrust subpoena. The chipmaker closed the trading by plummeting -9.53% to $108.00 per share. It continued to dip by -0.98% to $106.94 in the pre-market session. According to reports, Nvidia has suffered a sharp loss in a …
Nvidia Stock Dips on US DOJ Antitrust Subpoena Reports Read More »
On Tuesday, Apple reportedly revealed that it will switch to an organic light-emitting diode (OLED) display for the upcoming iPhone devices in 2025. According to reports, televisions and phone makers are replacing liquid crystal displays (LCDs) with OLED. This move aims to deliver more vivid colors and sharper contrast, which is ideal for high-definition videos. …
Apple Reportedly to Shift OLED Displays for 2025 iPhones Read More »
On Monday, Brazil’s federal supreme court justices unanimously agreed to ratify the nationwide ban on Elon Musk’s X imposed on Saturday. Musk’s monthslong feud with Supreme Court judge Alexandre de Moraes began in early April. de Moraes has ordered X to ban seven popular far-right accounts for violating Brazilian law, but the social media platform …
X Remains Blocked in Brazil as Supreme Court Upholds Verdict Read More »
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