Oracle (NYSE: ORCL) recently released its full-year results for 2024, with key financial highlights including revenue of $53 billion, a 6% increase from the previous fiscal year. Net revenue also saw a significant jump, up 23% to $10.5 billion. The company’s profit margin increased to 20% from 17% in fiscal 2023, driven by higher revenues. … Read more
Broadcom (NASDAQ: AVGO) has seen a significant increase in its shares this year, rising by over 60%. The company recently announced a 10-for-1 stock split, scheduled for July 2024. Led by CEO Hock Tan, Broadcom has grown through a series of acquisitions, expanding its presence in the chip design and enterprise software industries. One of … Read more
Broadcom has had an impressive 60% increase in share price in 2024, with a 10-for-1 stock split announced for July. CEO Hock Tan has built the company through strategic acquisitions, focusing on both chip design and enterprise software. The company’s performance in acquiring chip technologies and managing profitability has positioned it well to benefit from … Read more
Broadcom and Nvidia are leading the way in the artificial intelligence industry, with Broadcom’s stock up 60% so far in 2024 and Nvidia’s up over 170%. Broadcom, under CEO Hock Tan, has grown through multiple acquisitions, including the purchase of VMware in 2023. This has positioned the company well to benefit from the AI infrastructure … Read more
The technology sector is seeing a three-way race between Microsoft, Apple, and NVIDIA in terms of market capitalization. While Microsoft briefly lost its title as the world’s largest company by market capitalization to Apple, NVIDIA has also surpassed both of them. All three companies currently have a market capitalization of around $3.2 trillion, making the … Read more
Amazon is expected to face challenges this year, with Baird predicting a decrease in margins for its cloud computing unit, AWS. Analyst Colin Sebastian anticipates AWS margins will drop to around 30% due to higher operating expenses related to new data centers and infrastructure, as well as a shift towards lower-margin GenAI workloads. These GenAI … Read more
McDonald’s is ending its partnership with IBM for AI drive-thrus, with the feature set to be discontinued before July 26. The decision was communicated to franchisees in an internal email, providing limited explanation for the move. McDonald’s cited the opportunity to explore voice ordering solutions more broadly as a reason for ending the current global … Read more
Security Solutions Services LLC (S-3), a cybersecurity company based in Detroit, Michigan, was recently awarded the prestigious Partner of the Year, Rising Star of North America award at Hewlett Packard Enterprise’s annual Partner Growth Summit Awards. This recognition highlights S-3’s dedication and success in delivering valuable cybersecurity products and services to its customers. S-3, led … Read more
Nvidia, based in Santa Clara, California, had a successful year so far in 2024, with its executives and directors selling approximately 770,000 shares of the company. This does not include its 10 for 1 stock split that took effect on June 10. The company’s shares have seen a significant increase of about 176% this year … Read more
Google officially launched its Find My Device network in April after a delay caused by Apple implementing anti-stalking measures. The network has faced numerous challenges, such as a lack of available system updates and a default setting that restricts operation to high-traffic areas. The result is a weak network with many blind spots, hindering its … Read more