Financial news and analytics
Intel suddenly lost its CEO – Pat Gelsinger was sent to retire in the midst of a crisis
Intel CEO Pat Gelsinger has left his post and resigned from the company's board of directors effective December 1, 2024.…
Nvidia pours twice as much money into research as AMD—Intel spends more combined
Nvidia's success in accelerating artificial intelligence computing is the result of years of dedicated work. Recently, the company's research and…
VKontakte grew to 88.1 million users – VK revenue soared by 21.4% from advertising
Based on the results of the first nine months of this year, the VK technology holding increased its revenue by…
The PC market returned to growth – shipments of client CPUs jumped 12% in the third quarter
Shipments of consumer and server processors showed significant growth in the third quarter of 2024, analysts at Jon Peddie Research…
US antitrust officials have prepared a series of farewell blows to IT giants
Top antitrust officials in Joe Biden's administration are aiming to deal as many blows as possible to the tech industry…
Samsung shares rise 5% amid ‘desperate’ buyback plan
Samsung announced a 10 trillion won ($7.2 billion) share buyback in an attempt to regain investor confidence and stabilize its…
Musk skims the cream after the US elections: SpaceX was valued at $250 billion, and the value of xAI soared to $45 billion
Two private companies of Elon Musk, SpaceX and xAI, will soon dramatically increase their capitalization due to new investments. A…
The US allocated $6.6 billion to TSMC under the “Chip Act”
The US Department of Commerce said it has completed the allocation of a government subsidy in the amount of $6.6…
Foxconn is also reaping the benefits of the AI boom – profits jumped 14% thanks to AI servers
Foxconn, the world's largest contract electronics manufacturer from Taiwan and Apple's main iPhone assembly partner, reported a significant increase in…
Games and AI drove Tencent’s 47% profit growth
The Chinese company Tencent reported an increase in net profit for the third quarter. The volume of profit received in…