US tech stocks recovered on Tuesday afternoon following a period of investor volatility regarding artificial intelligence spending. The Nasdaq increased 0.83% for the day, while the S&P 500 rose 0...
Advanced Micro Devices reported third-quarter revenue of $13.38 billion, a 45% increase from $9.25 billion a year earlier, surpassing Wall Street expectations. The company's stock jumped as much ...
Palantir reported third-quarter revenue of $2.31 billion, marking the first time the company has exceeded the $2 billion threshold. The figure represents a 96% increase year over year and surpassed an...
Apple posted its best-ever fiscal year for revenue and earnings per share, driven by strong growth in iPhone and Mac sales. iPhone revenue rose 17.5% from a year earlier to a September quarter record ...
Apple faces significant financial pressure as rising RAM prices drive a $33 billion increase in the company's manufacturing bill over recent months. During Apple's November 2 earnings call, ...
Drax has struck a deal with infrastructure investor Brookfield and AI infrastructure platform Radiant to develop a massive data centre at its power plant in North Yorkshire. The project, which could a...
Anthropic's amended S-1 filing reveals the company recorded more than $1.7 billion in personnel expenses between July and September. With a workforce of 5,300 people, the costs averaged approxima...
The artificial intelligence infrastructure buildout will require increased equity financing as lenders face growing exposure to the companies driving the sector, Blackstone President Jon Gray said Tue...
Apple is exploring ways to increase services revenue through third-party applications and artificial intelligence, according to the company's recent earnings call. Chief financial officer Kevan P...
Trajectory, a startup founded by former Google DeepMind and Apple employees, has raised $45 million in a Series A funding round at a $300 million valuation. The round was led by Sequoia with participa...
