The excitement surrounding Tesla’s progress towards launching its advanced driver-assistance feature in China may be misguided, according to a top tech investor. Mark Hawtin, Investment Director at GAM Investment Management, specializing in disruptive growth and technology stocks, emphasized that the expectations surrounding Tesla’s Full Self Driving (FSD) service may be creating a false narrative. Despite
Investment
Coinbase recently released its first-quarter earnings report, surprising analysts with better-than-expected revenue. Despite this positive news, the stock saw a 2% decline in extended trading. The company reported earnings of $4.40 per share, significantly higher than the $1.09 average analyst estimate. Additionally, Coinbase generated revenue of $1.64 billion, surpassing the expected $1.34 billion. One of
Bitcoin experienced a sharp decline on Wednesday to its lowest level in over two months, with the price falling below $57,000 for the first time since February 28. The world’s leading digital currency dropped to as low as $56,757.93, marking a significant decrease in value. This plunge was part of a broader risk-off sentiment in
In the rapidly evolving landscape of cloud computing, U.S. technology giant Oracle is ramping up its generative AI capabilities amid intensifying competition in the cloud industry. The recent surge in artificial intelligence adoption, triggered by the debut of the ChatGPT chatbot in November 2022, has spurred a heightened demand for cloud services and data centers.
Despite facing pressure from the United States government to divest from TikTok, Chinese tech giant ByteDance has adamantly denied any plans to sell the popular video platform. The new US law has placed a nine-month deadline on ByteDance to sell TikTok on national security grounds, citing concerns that the Chinese-owned app could be used for
The competition between tech giants Microsoft and Google in the realm of generative AI is heating up. Both companies have reported strong quarterly sales and profits, leading to a surge in their stock prices. However, a closer look at their strategies and comments from their CEOs, Sundar Pichai and Satya Nadella, reveals differences in approach
Meta, previously known as Facebook, recently reported better-than-expected profit and revenue for the first quarter. However, during the earnings call, CEO Mark Zuckerberg focused extensively on the company’s investments and potential future earnings, causing unrest among investors. The stock price plummeted by as much as 19% in extended trading, resulting in a loss of over
SK Hynix, a South Korean memory chipmaker, made a strong comeback in the first quarter of the year, reporting a net profit of 1.92 trillion South Korean won ($1.39 billion). This marked a significant turnaround from the loss of 2.58 trillion won recorded in the same period the previous year. The company had been facing
Oracle Chairman Larry Ellison recently announced that the company will be relocating its world headquarters to Nashville, Tennessee. This move comes as Oracle aims to be closer to a major health-care epicenter. Ellison cited Nashville as an established hub for the health-care industry and a desirable place to reside. This decision to shift Oracle’s operations
Biorisks have been a significant area of interest for researchers and experts in public health and national security. The potential consequences of a biosecurity threat are daunting, considering the advancements in biotechnology and the ease with which biological weapons can be developed. The synthesis of the first virus from scratch in 2002 highlighted the shift