Oracle recently revealed in its annual report that a potential ban on TikTok in the United States could have a negative impact on its business. As a provider of cloud infrastructure services for TikTok, which has over 150 million users in the US, Oracle could see a decline in revenue and profits if it is … Read more
Microsoft’s recent acquisition of Activision Blizzard is making waves in the business world, particularly in Los Angeles. This deal, which was announced recently, will have far-reaching implications for the gaming industry and beyond. Microsoft, a tech giant known for its popular products such as the Windows operating system and Xbox gaming console, has entered into … Read more
In a recent event at Bloomberg, IBM discussed the role of technology in driving business transformation. The discussion focused on how advancements in technology are reshaping industries and the ways in which companies are adapting to stay competitive in the digital age. IBM emphasized the importance of innovation and the need for businesses to embrace … Read more
Cloud giant Oracle has expressed concerns about a potential ban on TikTok in the United States and how it could impact the company’s financial performance. In its annual report to the SEC, Oracle stated that being unable to provide services to TikTok, along with the inability to redeploy that capacity promptly, could negatively affect its … Read more
Nvidia, an American chipmaker, recently lost its position as the world’s most valuable publicly traded company after a significant drop in its shares, falling by nearly 13% last week. This loss led to a decrease in its market capitalization from $3.34 trillion to $2.91 trillion, placing it below Microsoft and Apple in terms of overall … Read more
Cisco and Jefferies will host a webcast on corporate purpose as a sustainable business driver on February 23, 2024. Fran Katsoudas and Mary de Wysocki from Cisco will discuss how their purpose is driving sustainable growth and creating value for shareholders. The event will be webcast and a replay will be available. Interested parties can … Read more
Harbor Investment Advisory LLC increased its stake in International Business Machines Co., owning 6,206 shares valued at $1,185,000. Other hedge funds also made changes to their positions, with some acquiring new stakes or increasing their holdings in the company. Wall Street analysts gave mixed ratings to IBM stock, with price targets ranging from $145 to … Read more
Financial Synergies Wealth Advisors Inc. significantly boosted its stake in International Business Machines Co. during the first quarter, according to recent SEC filings. The firm acquired 123 additional shares, bringing its total holdings to 198 shares valued at $38,000. Other hedge funds, including Naples Money Management LLC, Creekmur Asset Management LLC, and Ables Iannone Moore … Read more
First PREMIER Bank decreased its holdings in International Business Machines Co. by 7.6% in the first quarter, selling 106 shares and leaving them with 1,291 shares valued at $246,000. Other institutional investors and hedge funds have also adjusted their positions in IBM, with Vanguard Group Inc. seeing a 0.4% increase in stake, Morgan Stanley increasing … Read more
American tech giant Cisco has been optimistic about its business with Chinese electric car companies expanding globally. Cisco’s Greater China head stated that electric vehicles are the company’s second largest segment in the region, with the majority of revenue coming from manufacturing companies, particularly electric cars. Despite trade tensions and increased tariffs on Chinese electric … Read more