In a striking declaration, Microsoft has announced plans to invest a staggering $80 billion in creating data centers specifically designed to support artificial intelligence (AI) workloads during its fiscal year 2025, which concludes in June. This investment underscores the tech giant’s commitment to maintaining a competitive edge in the rapidly evolving AI landscape. According to
Nvidia, the company that has become synonymous with artificial intelligence (AI) chips, experienced a troubling dip in its stock prices on Monday. While the broader Nasdaq Composite index soared to new records, Nvidia found itself officially categorized as being in correction territory. This situation is particularly striking given that the stock had amassed an impressive
In recent announcements, U.S. Surgeon General Dr. Vivek Murthy issued a significant advisory emphasizing the compelling relationship between alcohol consumption and an elevated risk of developing various types of cancer. This advisory is not just a casual observation but rather a well-documented assertion indicating that the implications of alcohol consumption extend far beyond lifestyle choices
As the film industry enters the bustling awards season, “From Ground Zero” emerges as a poignant contender, gaining recognition as Palestine’s entry for the Academy Award for Best International Feature. Set to premiere this weekend in approximately 70 AMC theaters across major cities, as well as select independent cinemas such as the Quad in New
The recent announcement from President Biden regarding U.S. Steel sent shockwaves through the market, leading to an almost 8% drop in share value. The President’s decision to block the $14.9 billion takeover bid from Japan’s Nippon Steel was unequivocally tied to national security concerns. Biden’s statement that “U.S. Steel will remain a proud American company”
The latest data from Bank of America reveals remarkable growth within Apple’s App Store during the first quarter of fiscal 2025. Reported revenue reached an impressive $8.1 billion, reflecting a 15% year-over-year increase. This momentum wasn’t limited to revenue; the number of downloads for applications on iPhone and iPad devices also saw a notable uptick,
In the evolving landscape of U.S. financial markets, the interplay of economic data, government policies, and investor sentiment continues to shape stock performance. Recent trading scenarios indicate a cautious optimism among investors, hinging on forthcoming reports and the implications of new governmental strategies as the Trump administration approaches. Friday opened with modest gains in stock
Recent data reveals that foreign mobile phone brands have encountered substantial setbacks in the Chinese market, with a notable decline in sales in November. As reported by the China Academy of Information and Communications Technology (CAICT), shipments of foreign phones plummeted to 3.04 million units, reflecting a staggering 47.4% decrease compared to November 2022, and
Despite making a splash with its highly anticipated Cybertruck, Tesla’s recent performance metrics reveal a more sobering reality. The company managed to deliver only around 15,000 units in the fourth quarter and estimates suggest total annual deliveries were between 35,000 to 40,000. This figure starkly contrasts with the massive initial claims of 2 million orders.
Turkey’s economy has experienced tumultuous inflation rates over the past year, a situation that has drawn significant attention from economists and investors alike. Recent data revealed a noteworthy decline in annual consumer price inflation, falling to 44.38% in December compared to 47.09% in November. This decrease raises critical questions about the underlying factors contributing to