Posts with tag: algorithm
The French video game giant Ubisoft will close four studios and restructure operations at three more, impacting 185 employees, as part of a bid to cut costs and prioritize projects.
Published on: January 28, 2025, 09:00 AM UTC
Investors Panic as Chinese AI Startup Sparks Tech Sell-Off, But Analysts Remain Optimistic
Published on: January 28, 2025, 06:01 AM UTC
Europe's top software maker SAP is now more optimistic about its full-year financial results, primarily due to the accelerated growth of cloud revenue. For 2025, the company projects an operating profit between €10.3 billion – €10.6 billion, with cloud revenue ranging from €21.6 billion to €21.9 billion.
Published on: January 28, 2025, 06:01 AM UTC
Monday's market sell-off highlights the importance of Big Tech earnings for the bull market and investors' concerns about competition in the AI space.
Published on: January 27, 2025, 10:09 PM UTC
US tech stocks tumble as Chinese AI competitor emerges, with Nvidia down 17%. The S&P 500 fell 1.5%, while the Nasdaq composite lost 3.1%. However, stocks outside of AI-related industries held up better, with the Dow Jones Industrial Average rising 0.7%.
Published on: January 27, 2025, 10:07 PM UTC
Capital Bancorp reports Q4 earnings of $7.5 million, with EPS of 92 cents (adjusted) on revenue of $73.6 million. Its revenue net of interest expense is $56.2 million, exceeding expectations. The company also reports a yearly profit of $31 million and $2.11 per share in earnings on $186.2 million in revenue. Capital Bancorp shares have risen 3.5% YTD, and closed at $29.51 on Monday, marking a 28% increase over the past year.
Published on: January 27, 2025, 10:06 PM UTC
Sanmina (SANM) beats estimates with $2.01 billion in Q4 sales, a 7% year-over-year increase. Despite lower-than-expected revenue guidance for Q1, the company reports solid earnings of $1.44 per share, exceeding analyst estimates. Sanmina's revenue growth projections remain strong, indicating potential top-line performance improvement.
Published on: January 27, 2025, 10:05 PM UTC
A new Chinese AI model raises concerns about the valuation of tech stocks, leading to a plunge in equity markets worldwide. Investors rush for safety in defensive industries, while the crypto world comes under pressure. This story highlights the potential risks of investing in AI-enabled firms, with earnings projections slowing down despite high valuations. Earnings announcements from Microsoft and Apple this week are crucial for restoring confidence.
Published on: January 27, 2025, 09:00 PM UTC
Starbucks Q1 FY25 Earnings Preview: Revenue Decline, Foot Traffic Drop, Margin Concerns
Published on: January 27, 2025, 05:02 PM UTC
China Vanke chairman and CEO resign amid liquidity concerns as debt maturity deadlines loom.
Published on: January 27, 2025, 09:00 AM UTC