Meta’s AI Costs Surge as Digital Advertising Revenue Grows The Wall Street Journal Meta’s advertising growth is proof that hefty AI spending is already paying off CNBC Meta Quarterly Profit…
Meta earnings recap: Stock climbs as advertising drives revenue beat, while Zuckerberg doubles down on AI spending Business Insider Meta shares pop on revenue and earnings beat, better than expected…
Shares of Gucci-owner Kering hit seven-year low after weak forecast, revenue drop on low China sales CNBC Kering Weakened as Gucci Sales Fall 20% The Business of Fashion Kering Issues…
Netflix (NFLX) reported second quarter earnings that beat expectations on Thursday but the stock fell as much as 6% in after hours trading after the streaming giant’s revenue outlook missed…
(Bloomberg) — Taiwan Semiconductor Manufacturing Co. lifted projections for 2024 revenue growth after quarterly results beat estimates, reflecting its confidence in the longevity of the global AI spending boom. Most…
(Reuters) -Chipmaker Micron Technology beat estimates for third-quarter revenue on Wednesday, driven by a surge in demand for its memory chips from the booming AI industry and improved pricing in…
By Arsheeya Bajwa (Reuters) -Broadcom raised its annual forecast for revenue from chips that help in artificial intelligence work by 10% on Wednesday, and announced a stock split to take…