Tag: tech

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Goldman Sachs Sees Higher Gold Prices as Tariff Fears Rise

Gold prices rise as Goldman Sachs analysts predict a surge in demand due to potential US tariffs, reiterating their bullish outlook with a $3,000 per troy ounce forecast.

Gentex falls short of expectations

Gentex Corp. (GNTX) reported a Q4 EPS of $0.39, below the $0.49 estimate. Revenue was $541.6 million, also missing the $602 million estimate. For the year, the company reported a profit of $404.5 million, or $1.76 per share, on $2.31 billion in revenue. Gentex expects full-year revenue in the range of $2.4 billion to $2.45 billion.

Big Tech CEOs Downplay AI Threat, See Benefits in Chinese Rival

DeepSeek's AI breakthrough raises questions about tech giants' AI infrastructure spending. Microsoft and Meta CEOs remain bullish, emphasizing the long-term benefits and ubiquity of AI.

Global Markets Rise Following Wall Street Gains

World markets mostly rose on Friday after Tesla, IBM and Meta Platforms reported strong profits. European markets opened higher after the ECB cut rates, while the Nikkei 225 rose in Tokyo after Japan's core inflation rate hit 2.5%.

Canadian National Railway profit falls short of estimates

Canadian National Railway Co. (CNI) reported fourth-quarter profit of $819.1 million, below analysts' expectations of $1.37 per share. However, revenue of $3.11 billion exceeded forecasts of $3.07 billion. For the year, CNI reported profit of $3.25 billion.

DeepSeek's Impact on Big Tech: Meta and Microsoft Respond

Meta (META), Microsoft (MSFT) CEOs downplay DeepSeek AI threat, say it will ultimately benefit their companies despite concerns over Big Tech's AI spending.

Tesla Pledges Return to Growth in 2025 After Q4 Earnings Disappoint

Tesla pledges return to growth in 2025 after disappointing Q4 results. Revenue rose just 1% in 2024, while profits fell sharply. Tesla expects auto business to return to growth in 2025, with FSD coming to Austin, Texas, in June.

UPS Cuts Amazon Deliveries, Sending Stock Tumbling

UPS (UPS) stock dropped 15% after it announced it would cut deliveries for Amazon (AMZN) by more than 50% by the second half of 2026. UPS made this decision to drive profitability long term.

The DeepSeek Disruption: Implications for AI and the Market

DeepSeek, an AI startup, shakes up the AI market, raising questions about the future of AI training costs and the valuations of companies like Nvidia (NVDA) and Microsoft (MSFT).

US Stocks Rise on Tech Earnings, Eyes on Apple

US stocks rebounded on Thursday, with the Nasdaq and S&P 500 eyeing a comeback as investors digest megacap tech earnings and await Apple (AAPL) results for more clues on prospects for Big Tech.