Kioxia Holdings issued a disappointing earnings outlook after its June-quarter operating income of ¥1.27 trillion missed analysts' estimates, signaling that the AI-driven surge in flash memory prices …
Samsung Electronics and SK Hynix, whose revenues make up 80% of the global memory sector, generated a combined operating profit of 150 trillion won (US$104 billion) in the June quarter, driven by AI d…
Wall Street ended sharply higher on Thursday, with the S&P 500 climbing 1.66% to 7,437.63, the Nasdaq gaining 2.78% to 25,122.18, and the Dow Jones rising 1.19% to 52,208.06, as Microsoft surged over …
Meta Platforms and Microsoft reported sharply contrasting earnings, with Microsoft's stock rising 8% on $90 billion in quarterly revenue and a 123% jump in its Azure AI business to a $37 billion annua…
Scale AI has appointed former Google Cloud executive Francis DeSouza as its new CEO, effective August 10, replacing interim CEO Jason Droege. DeSouza, who previously led Illumina and served as preside…
Meta Platforms CEO Mark Zuckerberg outlined an AI strategy backed by $115 billion to $135 billion in capital expenditures for 2026, nearly double the prior year, shifting from open-source models to pr…
Meta Platforms fell 9% on July 30 after reporting Q2 free cash flow collapsed 91% year-over-year to $784 million, while Microsoft surged up to 14% after fiscal Q4 Azure growth accelerated to 43% and r…
OpenAI's ChatGPT and Roblox Corp. will be designated as a 'very large search engine' and 'very large online platform' under the EU's Digital Services Act after surpassing 45 million monthly users in t…
Meta Platforms stock dropped after the company issued vague guidance on full-year AI capital expenditures in its second-quarter earnings report, Yahoo Finance Tech Editor Dan Howley reported. Investor…
Meta Platforms reported second-quarter profit of $15.85 billion, down 14% from a year earlier, as legal expenses and severance costs weighed on results, while revenue grew 28% to $60.8 billion. The co…
Meta Platforms shares slid about 10% in premarket trading Thursday after the company projected third-quarter revenue of $61 billion to $64 billion, below Wall Street expectations, and raised the lower…
Meta shares fell roughly 9% after Q2 earnings per share of $6.18 missed the $7.14 consensus, dragged down by $3.6 billion in legal and severance charges and a 91% decline in free cash flow, while Micr…
Chinese tech giants face growing pressure to prove that billions of dollars in AI infrastructure spending will yield sustainable profits, mirroring US counterparts like Meta and Alphabet whose rising …
Leopold Aschenbrenner's Situational Awareness LP hedge fund, which grew from $225 million to $20 billion on a pure AGI bet, is seeking fresh capital after the July 2026 semiconductor rout hammered its…
Meta Platforms said Wednesday that its artificial intelligence investment of up to $145 billion this year is already boosting its advertising business, even as heavy spending slashed free cash flow to…
Meta Platforms reported a 91% drop in second-quarter free cash flow to $784 million, down from $8.55 billion a year earlier, sending shares down 10% in extended trading as CEO Mark Zuckerberg's AI spe…
Meta Platforms gave a disappointing revenue forecast of US$61 billion to US$64 billion for the third quarter, with the mid line below the average analyst estimate of US$63.2 billion, intensifying inve…
Wall Street closed sharply lower on Wednesday after the Federal Reserve held interest rates steady, with the Nasdaq 100 index dropping 2.1% and marking an 11% decline from its June record high as inve…
Meta Platforms raised its 2026 capital expenditure floor to $130 billion from $125 billion, with a new range of $130 billion to $145 billion, as it intensifies AI data center investments. The company …
Meta Platforms posted Q2 2026 earnings per share of $6.18, missing the $7.14 consensus estimate, and raised its full-year capital expenditure guidance to $135-145 billion, sending shares down nearly 8…