The tech industry is currently experiencing a significant wave of job cuts, with over 98,000 employees laid off from 333 companies worldwide in the first half of 2024. Major players such as Apple, Google, Microsoft and Meta have been among those affected by this trend, which is seen as a reflection of economic challenges and … Read more
Nvidia stock has seen a significant increase in value recently, driven by the growing importance of artificial intelligence (AI) technology in various industries. Companies are investing in AI platforms to improve efficiency and productivity, leading to potential profits in the future. NVIDIA, a leading chip designer, stands out as a key player in the AI … Read more
Cisco will be hosting a technical talk with Barclays on February 27, 2024, to discuss networking solutions for service providers. The session will feature Jonathan Davidson, executive vice president and general manager of Cisco Networking, who will be answering questions during the event. The talk will be broadcast from the Mobile World Congress in Barcelona, … Read more
Masayoshi Son, the founder of SoftBank Vision Fund and Japan’s richest man, missed out on a huge opportunity by selling his shares in the chip supplier NVIDIA, worth around $160 billion now. He had initially invested $20 million in Alibaba in 2000, which later grew to a value of $60 billion. Unfortunately, he sold his … Read more
The SPDR Technology Select Sector, a $70 billion ETF, is set to increase its holdings of NVIDIA while reducing its stake in Apple. The fund has faced issues with the IRS due to concentration thresholds, which led to the need to adjust its holdings. Despite potential benefits for investors, the best approach could be to … Read more
Amazon Web Services recently made the decision to cut a significant number of jobs within its sales, training, and physical stores technology group. This move comes as a surprise to many in the industry, especially given the high demand for cloud computing services in recent years. While the exact number of jobs affected has not … Read more
Paul Wick, from Seligman Investments, has been reducing his stake in NVIDIA Corp. recently due to concerns about its earnings growth potential. He mentioned that his enthusiasm for the stock has decreased in the past few weeks. Wick, who has a background in technology investing, compared Nvidia to Cisco Systems during the dot-com bubble, noting … Read more
Infobip, a global cloud communications platform, has deepened its collaboration with Oracle by becoming an independent software vendor (ISV) with access to Oracle Integration Cloud. This allows businesses using Oracle solutions to leverage Infobip’s omnichannel platform through the Oracle Cloud Marketplace (OCM). The partnership aims to enhance customer interactions, potentially boosting satisfaction, sales, and campaign … Read more
Intel (NASDAQ: INTC) has gained attention as a stock to watch due to its focus on artificial intelligence (AI) and chip manufacturing, hinting at a promising future. However, the company has faced challenges with a negative $12 billion in free cash flow and a significant decline in quarterly revenue and operating income since 2021. This … Read more
Bearish candlestick patterns are emerging for key tech names like Nvidia Corp, signaling a possible short-term reversal in the bullish trend. This could have significant implications for the S&P 500, especially if mega-cap growth stocks start to falter. The bearish engulfing pattern seen in stocks like Nvidia, Micron Technology, and the VanEck Vectors Semiconductor ETF … Read more