AMD Releases Third Quarter 2024 Financial Results
Advanced Micro Devices Inc (NASDAQ:AMD) reported 3Q2024 earnings results on October 29, 2024. The company’s total revenue increased 17% year-over-year to $6.819 billion. The company’s operating profit rose 19% to $3.419 billion. After deducting all expenses, the company earned a net profit of USD 771 million with a respectable 158% year-on-year increase. AMD Chairman and […]
Nvidia Corp. in the interest of investors
Shares of Nvidia Corp. (NASDAQ-NVDA) are soaring to record highs, cementing its position as the world’s most valuable company. Nvidia Corp. (NASDAQ-NVDA) reached a record high, becoming the world’s largest company by market valuation at $3.58 trillion. Nvidia’s rise follows a tech rally after the election victory for U.S. President Donald Trump, with the Nasdaq […]
WeRide Inc. goes public in the U.S.
WeRide Inc. is an international L4 autonomous driving technology company and is the only technology company in the world to hold driverless driving permits in China, the US, the UAE and Singapore. The company was founded by Tony Han (who is the former chief scientist of Baidu ‘s Autonomous Driving Unit) in 2017 in Silicon […]
Visa Inc. releases 2024 financial results
Visa Inc (NYSE: V) announced its fourth quarter and full year 2024 financial results via a press release on its website on October 29, 2024. For the fourth quarter, total sales were $9.6 billion with a 12% year-over-year increase. GAAP net income for the fiscal fourth quarter was $5.3 billion, representing year-over-year growth of 14% […]
Advanced Micro Devices Inc.
Advanced Micro Devices Inc (NASDAQ:AMD) CEO Dr. Lisa Su said that currently, data centers and artificial intelligence represent a significant growth opportunity for AMD. The company is building strong momentum for its EPYC and AMD Instinct processors across a growing group of customers. With the new EPYC processors, AMD Instinct GPUs and Pensando DPUs, AMD […]
Nvidia Corp. sets record
Artificial intelligence (AI) chip leader Nvidia Corp (NASDAQ-NVDA) hit a new all-time high, buoyed by a strong third-quarter earnings report from close chipmaking partner Taiwan Semiconductor Manufacturing (TSMC), with which Nvidia Corp has partnered to create a new chip platform for next year, “Blackwell,” which is reportedly already sold out. Nvidia CEO Jensen Huang recently […]
NIKE, Inc. in the interest of investors
Nike announced on October 14, 2024 a major move by its leadership regarding the end of John Donahoe’s tenure as CEO, who was removed, and the return of a familiar face of Nike Inc. to the role of President and CEO Elliott Hill, a move that signals a stepping stone and key to renewed success […]
Tesla Inc. and its robotaxi
CEO Elon Musk took the stage at the Warner Bros. studio last week Thursday in one of the robotaxis called Cybercabs, which drives completely driverless, and told the crowd that the sleek AI-powered vehicles don’t have steering wheels or pedals. He also expressed confidence in the advances the company has made in autonomous driving technology, […]
Uber Technologies, Inc. in the interest of investors
Uber Technologies, Inc (NYSE:UBER) announced on September 24 that it has entered into a strategic partnership with Avride to bring Avride delivery robots and autonomous vehicles to Uber and Uber Eats. This ,,delivery” partnership will launch first with curbside robots at Uber Eats in Austin in the coming weeks and expand to Dallas and Jersey […]
Microsoft Inc.
Microsoft Corporation (NASDAQ-MSFT) reported strong revenue growth for fiscal year 2024. Compared to fiscal year 2023, total sales increased 16% to $245.1 billion, driven by growth across all segments. Productivity and business process revenue increased due to Office 365 Commercial. Revenues in the personal computing sector increased due to gaming. Operating profit increased 17% to […]