Saudi Arabia and the United Arab Emirates are snapping up thousands of the high-performance Nvidia chips essential to building artificial intelligence software, joining a global AI arms race that is squeezing the supply of Silicon Valley’s hottest commodity. The Gulf’s powerhouses have publicly declared their aim to become leaders in artificial intelligence as they pursue… Read More »
Amazon (AMZN 1.32%) has become a favorite on Wall Street this year, with the stock up 64% since January 1. The company has rallied investors with a growing push into artificial intelligence (AI) and a gradual recovery in its e-commerce segments after last year’s economic downturn. The tech giant’s market capitalization of $1.4 trillion makes… Read More »
Twilio (TWLO 2.23%) issued its second quarter report on August 8. The cloud-based communications platform provider’s revenue rose 10% year over year to $1.04 billion, beating analysts’ estimates by $53 million. Its adjusted earnings per share at $0.54 cleared the consensus forecast by $0.24 and improved from its adjusted loss of $0.11 a year ago.… Read More »
Some stocks in the technology sector disappointed investors with their second-quarter earnings and saw their stock prices plunge. Other tech companies are proving they can navigate this tough economic environment and shatter all expectations. Duolingo (NEAR -1.54%) falls under the latter category. It just delivered a blockbuster quarterly result that beat estimates, and it also… Read More »
In the fascinating field of landscape technology, quantum data inventory opportunities can prove incredibly lucrative over time. The notion of quantum computing, born over two decades ago, is now gaining solid traction on The Street. Moreover, the technology, rooted in the mysteries of quantum mechanics, aims to significantly increase computing speeds. Advances in quantum computing… Read More »