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Stocks

“Meme Traders Fuel 2,650% Spike in Battered Holographic-Tech Company”

“A battered Chinese company that’s developing holographic technology captured the attention of the meme stock crowd. The prize: a 2,650% jump. MicroCloud Hologram Inc. soared as high as $41.53 Thursday from a $1.50 record low earlier this week, with more… Continue Reading…

Business

“World’s largest sovereign wealth fund posts record $213 billion profit, boosted by tech stocks”

“Norway’s giant sovereign wealth fund on Tuesday reported record profit of 2.22 trillion kroner ($213 billion) in 2023, supported by robust returns on its investments in technology stocks. The so-called Government Pension Fund Global, one of the world’s largest investors, said the… Continue Reading…

Stocks

“Walmart-Backed AI Warehouse Tech Company Symbotic Reports Record Revenue; Shares Soar 40%”

“…Symbotic, which creates robotic tech platforms powered by artificial intelligence (AI) to provide end-to-end supply chain solutions, reported fiscal fourth quarter revenue of $392 million, up from $244 million a year ago, and a net loss of $45 million compared to a loss of… Continue Reading…

Business

“Wood-delivery startup Wonder Group gets $100 million investment from Nestle”

“Food-delivery company Wonder Group has gotten a cash infusion from Nestle, as the startup looks to sell high-tech kitchen equipment and prepared ingredients to businesses such as hotels, hospitals and sports arenas. The deal includes a $100 million investment from Nestle,… Continue Reading…

Stocks

“Artificial Intelligence Stocks To Watch: Big Tech Expands AI Products, Services”

“…In general, look for AI stocks that use artificial intelligence technology to improve products or gain a strategic edge. Microsoft (MSFT) has increased its investment in startup OpenAI… Shares in Mobileye Global (MBLY), spun off by Intel (INTC), are up… Continue Reading…

Business

“Tech stocks got whacked in 2022 — but one server maker soared almost 90%, beating all its peers”

“It’s been a brutal year for tech stocks. The Nasdaq is headed for its worst slump since 2008 and is poised to underperform the S&P 500 for a second straight year. Among mega-cap tech stocks, Amazon, Meta and Tesla have each lost at least half their value.… Continue Reading…

Business

“Facebook’s Monopoly Is Imploding Before Our Eyes”

“For years, the definition of success for many tech employees has been getting a job at a FAANG company (Facebook, Amazon, Apple, Netflix, Google). Amazon, Apple, Microsoft, Facebook, and Google, meanwhile, are often the five major companies people think of… Continue Reading…

Stocks

“Tech giants lost more than $1 trillion in value in the last three trading days”

“The world’s largest technology companies have shed over $1 trillion in value in just three trading sessions. Stocks at large have sold off since the Federal Reserve raised its benchmark interest rate on Wednesday, but technology has endured more pain than other… Continue Reading…

Stocks

[Big Tech] “‘Bubble’ hitting 50% of market, top investor warns as Fed gets ready to meet”

“…Despite Monday’s tech comeback, money manager Dan Suzuki of Richard Bernstein Advisors warns the group is in a “bubble.” “Go back and look at the history of bubbles. They don’t softly correct and then are off to the races six… Continue Reading…

Stocks

“Amazon shares fall on bleak forecast and slowest growth since dot-com bust”

“Amazon shares dropped as much as 10% in extended trading on Thursday after the company issued a revenue forecast that trailed analysts’ estimates. Here’s how the company did: Earnings: $7.38 per share, adjusted, vs. $8.36 expected, according to Refinitiv Revenue: $116.44 billion vs. $116.3 billion expected,… Continue Reading…