29 Nov, 2023
4 mins read

Nvidia Earnings Preview: Crucial Indicator of AI Demand and Market Momentum

Nvidia (NVDA.O) investors expect the chip designer to forecast quarterly revenue above estimates when it reports results on Wednesday. Their only question is, by how much? The company has benefited the most from the rise of ChatGPT and other generative artificial intelligence applications, almost all of which use its graphics processors. This year, Nvidia’s stock has nearly […]

2 mins read

Massive Loss: Vietnam Tycoon’s Fortune Drops $18 Billion Due to Decline in EV Maker’s Shares

VinFast Auto Ltd. has returned after a meteoric rise on its first day of trading, wiping out a portion of its billionaire founder’s fortune. The Vietnamese electric vehicle manufacturer’s shares closed at $15.40 on Friday, capping a volatile week that saw the stock surge 255% to $37.06 on Tuesday, its first day of trading on […]

3 mins read

Amazon Postpones Rule Adjustment for UK Sellers at Risk of Financial Distress

Amazon has partially relented following a dispute about new regulations impacting numerous marketplace sellers. Now, the company is releasing a portion of its sale proceeds. Previously, the online retailer informed sellers in the UK and continental Europe that it would retain the sales proceeds for over a week rather than immediately crediting their accounts upon […]

3 mins read

Huawei Sees Slow Consumer Revenue Growth in the First Half of 2023

Chinese technology titan Huawei has disclosed a 2.2% year-on-year increase in its consumer business revenue for the initial half of 2023. This incremental growth, though modest, arrives in tandem with the sluggish pace of China’s anticipated economic resurgence and the persistent impact of U.S. sanctions that were set in motion back in 2019. These regulatory […]

3 mins read

Apple’s Ongoing AI Investments Lead to Third Quarter Revenue Slide

Apple CEO Tim Cook announced a major push into artificial intelligence (AI) as the company faced its third quarter of declining revenues, marking the longest sales slump since 2016. Despite the 1.4% drop in sales for the fiscal third quarter ending 1 July, Apple still managed to exceed analyst expectations with a profit of $19.9bn. […]