Technology stocks experienced a dip as investors decided to take profits before the upcoming earnings season. Microsoft saw a 1.5% decline, pulling its year-to-date gains down to 24%. Oracle also took a hit following Elon Musk’s suggestion that his AI startup xAI had halted discussions to expand a deal with Oracle involving the leasing of … Read more
Oracle recently announced its decision to shut down its advertising business, citing a sharp decline in revenue from $2 billion in 2022 to $300 million in fiscal year 2024. The company had initially ventured into the advertising sector through a series of acquisitions of ad tech companies, such as DataLogix and Moat, in an effort … Read more
Cisco’s top security executives introduced Hypershield this week, a groundbreaking security architecture approach designed to protect AI workloads in data centers and cloud environments. Described as the most significant security announcement in the company’s four decades in business, Hypershield is a software-based solution that safeguards applications, devices, and data across various environments while adapting to … Read more
Amazon Cloud Computing, particularly Amazon Web Services (AWS), has become a significant player in the technology industry, offering a wide range of cloud computing services that enable businesses to scale and grow. With robust AI capabilities, AWS has become a key component of Amazon’s overall strategy, driving the company’s growth and investor optimism. Investors have … Read more
Intel’s investment in Ohio is set to bring about a significant increase in job opportunities for people from diverse backgrounds. The company has pledged to double the number of women and underrepresented minorities in senior leadership roles by 2030, with some universities already taking proactive steps to ensure that individuals from these demographics are well-prepared … Read more
The transportation management systems market is expected to experience significant growth, with projections indicating an increase from USD 16 billion in 2024 to USD 40.3 billion in 2029 at a compound annual growth rate of 20.2%. Key drivers of this growth include the use of cloud-based solutions, mergers and acquisitions in the industry, global trade … Read more
Amazon is celebrating its 30th anniversary as a $2 billion company, marking a significant milestone in its transformation from an online bookstore to an e-commerce and cloud computing giant. Founder Jeff Bezos, who stepped down as CEO in 2021, remains an integral part of the company as the executive chairman and largest shareholder. The company … Read more
Artificial intelligence and cybersecurity are among the top technology priorities for over 50 countries, according to Cisco Systems. However, many countries are facing challenges in filling the skills gap needed to achieve their goals in these areas. Guy Diedrich, senior vice president and global chief innovation officer at Cisco, highlighted the growing importance of generative … Read more
On Wednesday, Mizuho named Cerity Partners as a top technology pick for July, specifically highlighting Adobe Inc (ADBE) and Oracle Corporation (ORCL). Jim Lebenthal, a financial analyst, recommended buying both stocks due to their potential to benefit from the rise of AI. Lebenthal praised Adobe for its ability to monetize AI, stating that the company … Read more
Broadcom is preparing to split its shares in a 10 to 1 ratio, reducing the price of each share from over $1,600 to approximately $160. A stock split does not fundamentally change the company itself, but it can signal positive growth prospects to the market. Broadcom’s revenue is heavily reliant on Apple, accounting for 20% … Read more