Dell Technologies experienced a significant drop in its stock value, plummeting more than 16% on Friday. This decline was a result of investors becoming disheartened by the company’s lower-than-expected artificial intelligence server backlog and a projected decrease in margins. Despite the fact that Dell reported fiscal first-quarter results that surpassed analysts’ expectations and provided optimistic
Profit
Tavern Keeper, the latest creation from Greenheart Games, is set to make its debut in the gaming world after years of development. This game brings a unique blend of fantasy bartending and simulation management, where players take on the role of orc publicans. The main objective is to balance the demands of running a tavern
PDD’s strategic value-for-money positioning has propelled its rapid growth in China’s competitive e-commerce market. The success of its Temu marketplace has solidified the company’s position as the most valuable player in the segment. With a market-cap surpassing that of industry giant Alibaba Group, PDD has demonstrated significant market dominance and investor confidence. Following the release
In a groundbreaking announcement, Elon Musk’s xAI startup has secured a staggering $6 billion in a series B round of funding. The funding round involved multiple prominent venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal, and Kingdom Holding.
Nvidia, once known as a niche developer of 3D gaming hardware, has now emerged as a key player in the tech industry. The company’s fiscal first-quarter earnings report is highly anticipated, with Wall Street expecting strong results in terms of both earnings per share and revenue. Over the past year, Nvidia’s revenue has seen a
Recently, music streaming giant Spotify found itself at the center of a legal battle as it was sued in a US federal court for allegedly underpaying songwriters, composers, and publishers by tens of millions of dollars. The lawsuit was filed in New York by the Mechanical Licensing Collective (MLC), a non-profit organization responsible for collecting
India has become a preferred destination for companies looking to launch initial public offerings (IPOs) due to its regulatory framework and market dynamics. Shailendra Singh, managing director at Peak XV Partners, previously Sequoia Capital India & Southeast Asia, emphasized the positive environment for companies listing in India, pointing out the efficiency of regulatory bodies such
Tesla, the electric vehicle pioneer, is facing legal challenges from the nonprofit Environmental Democracy Project over allegations of non-compliance with the Clean Air Act at its assembly plant in Fremont, California. This lawsuit shines a light on the environmental impact of Tesla’s manufacturing practices, raising questions about the company’s commitment to sustainability despite its promotion
Sony recently announced a 7% drop in annual profits for the fiscal year 2023, largely due to a decline in its financial services division. Despite the decline, the company managed to exceed revenue expectations with 3.5 trillion yen ($22.4 billion) versus the expected 2.89 trillion yen. This represents a 14% increase year-over-year, marking the first
SoftBank recently announced a significant gain of 724.3 billion Japanese yen ($4.6 billion) on its Vision Fund in the fiscal year that ended in March. This marks the first time since 2021 that the flagship tech investment arm has been in the black, showing a clear turnaround from the previous year’s 4.3 trillion yen loss.