On Wednesday, Meta achieved a market cap exceeding $1 trillion, with shares closing over 1% higher at $390 each amidst a notable uptrend. This milestone was previously reached in 2021 when the company was known as Facebook. Following a remarkable 200% surge in 2023, attributed to CEO Mark Zuckerberg's...
Read moreIn a notable turn of events, Apple Inc.'s iPhone secured the position of the top-selling smartphone series in China for the first time last year, showcasing a surprisingly robust performance despite fierce local competition and increasing government restrictions on the American company's technology. IPhone claimed the top spot in...
Read moreIn a strong showing of growth, Netflix announced that it added 13.1 million subscribers during the second quarter, surpassing both its own projections and Wall Street expectations. The streaming giant's total membership now stands at a staggering 192.95 million worldwide. The company's success can be attributed to its aggressive...
Read moreBitcoin extended its decline on Monday, breaching the $40,000 mark for the first time this year and dragging down the entire cryptocurrency market in its wake. As per Coin Metrics, the current price of BTC stands at $40,052.76, marking a 3.9% decrease. At its lowest point during the day,...
Read moreChina experienced a substantial surge in the imports of chipmaking machinery in the past year, driven by increased investments by companies aiming to circumvent restrictions imposed by the United States, aimed at impeding the nation's semiconductor industry. According to Bloomberg calculations based on official customs data, imports of machinery...
Read moreChinese stocks have experienced another dismal week, with a gauge of mainland firms listed in Hong Kong ranking at the bottom of global equity indices for the year. Most notably, Tokyo has surpassed Shanghai as Asia's largest equity market, while India's valuation premium over China has reached a record...
Read moreIn a surprising turn of events, Bitcoin Retreats from its recent surge as regulatory scrutiny mounts across the globe. Bitcoin, the world's largest cryptocurrency, experienced a significant setback, causing investors to question the long-term stability of the digital asset. The sudden retreat comes amidst growing concerns over increased government...
Read moreOn Tuesday, semiconductor design and software firm Synopsys revealed its intention to acquire Ansys, an engineering and product design software firm, in a significant cash-and-stock transaction valued at around $35 billion. This acquisition stands out as one of the most substantial tech deals in recent times. As part of...
Read moreMicrosoft Corp. has announced that it is expanding its Office AI Copilot to consumers and smaller companies in an effort to increase its customer base for these new services. The company will now offer a consumer version of Copilot for $20 a month, providing access to OpenAI's latest ChatGPT...
Read moreNVIDIA has initiated the new year with its most robust performance ever, marking a remarkable continuation of its staggering surge that propelled shares to a nearly 240 percent gain in 2023. The tech company, often hailed as an artificial-intelligence (AI) pioneer, has witnessed an exceptional uptick of around $128...
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