Apple is increasingly focusing on building its own devices and expanding its ecosystem by taking steps towards a more native experience for users and relying less on third-party accessories. While the Cupertino-based tech giant's HomePod and AppleTV have left quite the mark in the smart home category, it generally relies more on outsourcing cameras and other hardware for smart homes. Now, a new report suggests that the company intends to create a fully integrated experience by developing its own smart home accessories. Gurman hints about Apple working on making smart home products like security cameras for a more integrated experience […]
We’re continuing our Best of Black Friday posts today with a look at the best current deals on power stations and their respective bundle options. Folks across the country and beyond have been steadily investing more and more in the industry for a vari...
Blizzard has announced that two decades after its release, World of Warcraft is finally going to let players build a home and live in it. The feature has long been requested by WoW players and now it’s finally coming in the game’s next expansion.Read m...
Guild Wars 2: Janthir Wilds will receive the Godspawn update, adding a new 50-player boss battle, a new 10-player raid, and a legendary spear. Guild Wars 2: Janthir Wilds is getting the first major update "Godspawn" on November 19th, expanding the story with new story chapters The MMORPG Guild Wars 2 by ArenaNet is receiving its first major update for the Janthir Wilds expansion soon. It's the first of three major updates, and it'll land on November 19. The update will add new content to the game for the players. The Janthir Wilds expansion DLC was released in August this year, […]
Another week begins with NVIDIA's now-customary stock price upgrades and endorsements. While Stanley Druckenmiller, the chairman and CEO of the Duquesne Family Office, provided NVIDIA's first notable endorsement of the week, Goldman Sachs now appears to have picked up the proverbial bullish torch by adding the high-flying GPU manufacturer to its conviction list. $NVDA: Goldman Sachs Raises price target to $800 from $625 "We increase our FY2025/26 non-GAAP EPS (excl. SBC) estimates, on average, by 22% as we reflect recent industry data points indicative of robust AI server demand and improving GPU supply. We no longer assume a drop off… […]
Meta founder and CEO Mark Zuckerberg, whose firm took the big tech world by surprise earlier this week following its fourth quarter and full year 2023 earnings report, has been busy selling shares after the stock soared on the stock market. Meta's latest fiscal quarter results saw the firm announce a surprise 50 cent dividend per share and report a 25% annual revenue growth for the quarter and 16% growth for the full year. The strong financials led to the stock soaring by a stunning 19% following the earnings release, and Zuckerberg, it seems, was waiting for this opportunity as […]
If you weren't already aware, GLP-1 weight loss drugs from the likes of Novo Nordisk and Eli Lilly and Company are the biotech sphere's new craze, managing to rope in seasoned analysts who appear to be salivating at the prospect of billions of dollars in additional revenue streams. Yet, the hype seems to have lost some of its patina recently. TD COWEN: “.. surprised to see two months in a row of declines in the number of people who describe themselves as current users of GLP-1s. .. We believe this is a function of capacity constraints .. Penetration rates may […]
After facing a series of setbacks in the Delaware Court of Chancery, Elon Musk appears visibly fed up and is now seeking to remove Tesla from Delaware's jurisdiction entirely. The public vote is unequivocally in favor of Texas! Tesla will move immediately to hold a shareholder vote to transfer state of incorporation to Texas. https://t.co/ParwqQvS3d — Elon Musk (@elonmusk) February 1, 2024 The CEO of Tesla commissioned an online poll on the 31st of January, seeking input on the suggestion that the EV giant should adopt Texas as its state of incorporation. With 87 percent of the votes in favor, […]
With attention having shifted back to SpaceX's Falcon 9 program in 2024, it appears that the third test flight of the Strship system might take place in Texas as soon as next month. SpaceX conducted the Starship IFT-2 test in November 2023, and since the test did not damage Starship Stage 0 (i.e., the launch pad), chances were high that IFT-3 would see an expedited timeline compared to its predecessor. Now, a report from the Washington Post's Christian Davenport shares that the Federal Aviation Administration (FAA) might provide a Starship launch license as soon as in mid February - a […]
Chip designer AMD's latest financial report for the quarter ending in December 2023 simultaneously reflected a downturn in the chip market and the first signs of a recovery. AMD's annual revenue dropped by 4% during the year, and its GAAP and non GAAP profits tanked by more than a third as revenue for chips primarily used in personal computing gadgets like laptops and PCs dropped by 25% in 2023 over 2022. At the same time, the firm's earnings presentation shared key facts about its focus on artificial intelligence, which had created some hype heading into today's release. AMD's fourth quarter […]
In a striking development that poses grave ramifications for Elon Musk's status as the world's richest person, a Delaware court has now voided the Tesla CEO's 2018 compensation plan, widely believed to be the world's largest such executive pay package. Tesla underwent a trial in Delaware in 2022, where some shareholders asserted that Elon Musk's 2018 compensation plan should be voided by the court as it was a result of sham negotiations, with direct dictation from Musk himself. The plaintiffs argued that the shareholders, who ultimately approved the compensation plan, were never informed that Elon Musk directly dictated the specific […]
SpaceX's latest launch to the International Space Station (ISS), which was yet another mission of firsts, has led to the company becoming the only U.S. firm capable of meeting the National Aeronautics and Space Administration's (NASA) needs to deliver cargo and crew to the ISS. The latest launch was for Northrop Grumman's Cygnus spacecraft, which sent a batch of scientific and medical instruments to ISS. While SpaceX and Grumman are both capable of delivering cargo to the space station, SpaceX is now the only U.S. rocket launch services provider that can lift off ISS missions from the U.S. Northrop plans […]
JP Morgan has just published a hard-hitting investment note, drawing parables between the dot-com bubble of the early 2000s and the unbridled enthusiasm that has become a hallmark of the current market. Against this backdrop, Britannica Group's impending public market debut makes perfect sense. After all, who wouldn't want to enjoy a lofty valuation in a market where almost everything floats? Britannica Group Files a Draft Share Registration Statement With the SEC The education-technology company Britannica Group, which happens to be the publisher of the Merriam-Webster dictionary and the famous Encyclopedia Britannica, has now announced that it has confidentially filed […]
After making major announcements regarding OpenAI's plans to make its own chips, the firm's CEO, Mr. Sam Altman, has spent a busy couple of days speaking with Korean memory manufacturers, according to reports in the local media. The start of 2024 has seen big tech remain relentless in its focus on building the world's most advanced artificial intelligence and data science systems. Not only did Altman, whose OpenAI is known for its close partnership with Microsoft, announce an interest in designing chips from the ground up earlier this month, but Meta's Mark Zuckerberg has also shared his aim of buying […]
At a time when Tesla just suffered its biggest daily share price decline since 2020 on the back of a "disastrous" earnings call, Reuters is out with a report that Neuralink, Elon Musk's brain implant venture, has been flagged for storing hazardous materials without proper protocols. To wit, as per the documents viewed by Reuters, investigators belonging to the US Department of Transportation (DOT) found hazardous waste, including liquid Xylene - which is not only flammable but can also cause "headaches, dizziness, confusion, loss of muscle coordination and even death," as per the CDC - during an inspection of Neuralink's […]
Even as its earnings guidance failed to meet analyst estimates, Intel's latest earnings call provided upgrades about its ongoing expansion towards a contract manufacturing foundry model. Ahead of yesterday's release, the chip giant announced that it had entered into a partnership with Taiwan's United Microelectronics Corporation (UMC) to develop a new process node that will manufacture chips in the U.S. This will be part of Intel's Intel Foundry Services (IFS) business division, i.e., the firm's contract manufacturing business which aims to compete with the world's largest contract chip manufacturer, the Taiwan Semiconductor Manufacturing Company (TSMC). Intel Touts Key Contract Foundry […]
Another week begins with NVIDIA's now-customary stock price upgrades and endorsements. While Stanley Druckenmiller, the chairman and CEO of the Duquesne Family Office, provided NVIDIA's first notable endorsement of the week, Goldman Sachs now appears to have picked up the proverbial bullish torch by adding the high-flying GPU manufacturer to its conviction list. $NVDA: Goldman Sachs Raises price target to $800 from $625 "We increase our FY2025/26 non-GAAP EPS (excl. SBC) estimates, on average, by 22% as we reflect recent industry data points indicative of robust AI server demand and improving GPU supply. We no longer assume a drop off… […]
Meta founder and CEO Mark Zuckerberg, whose firm took the big tech world by surprise earlier this week following its fourth quarter and full year 2023 earnings report, has been busy selling shares after the stock soared on the stock market. Meta's latest fiscal quarter results saw the firm announce a surprise 50 cent dividend per share and report a 25% annual revenue growth for the quarter and 16% growth for the full year. The strong financials led to the stock soaring by a stunning 19% following the earnings release, and Zuckerberg, it seems, was waiting for this opportunity as […]
If you weren't already aware, GLP-1 weight loss drugs from the likes of Novo Nordisk and Eli Lilly and Company are the biotech sphere's new craze, managing to rope in seasoned analysts who appear to be salivating at the prospect of billions of dollars in additional revenue streams. Yet, the hype seems to have lost some of its patina recently. TD COWEN: “.. surprised to see two months in a row of declines in the number of people who describe themselves as current users of GLP-1s. .. We believe this is a function of capacity constraints .. Penetration rates may […]
After facing a series of setbacks in the Delaware Court of Chancery, Elon Musk appears visibly fed up and is now seeking to remove Tesla from Delaware's jurisdiction entirely. The public vote is unequivocally in favor of Texas! Tesla will move immediately to hold a shareholder vote to transfer state of incorporation to Texas. https://t.co/ParwqQvS3d — Elon Musk (@elonmusk) February 1, 2024 The CEO of Tesla commissioned an online poll on the 31st of January, seeking input on the suggestion that the EV giant should adopt Texas as its state of incorporation. With 87 percent of the votes in favor, […]
With attention having shifted back to SpaceX's Falcon 9 program in 2024, it appears that the third test flight of the Strship system might take place in Texas as soon as next month. SpaceX conducted the Starship IFT-2 test in November 2023, and since the test did not damage Starship Stage 0 (i.e., the launch pad), chances were high that IFT-3 would see an expedited timeline compared to its predecessor. Now, a report from the Washington Post's Christian Davenport shares that the Federal Aviation Administration (FAA) might provide a Starship launch license as soon as in mid February - a […]
Chip designer AMD's latest financial report for the quarter ending in December 2023 simultaneously reflected a downturn in the chip market and the first signs of a recovery. AMD's annual revenue dropped by 4% during the year, and its GAAP and non GAAP profits tanked by more than a third as revenue for chips primarily used in personal computing gadgets like laptops and PCs dropped by 25% in 2023 over 2022. At the same time, the firm's earnings presentation shared key facts about its focus on artificial intelligence, which had created some hype heading into today's release. AMD's fourth quarter […]
In a striking development that poses grave ramifications for Elon Musk's status as the world's richest person, a Delaware court has now voided the Tesla CEO's 2018 compensation plan, widely believed to be the world's largest such executive pay package. Tesla underwent a trial in Delaware in 2022, where some shareholders asserted that Elon Musk's 2018 compensation plan should be voided by the court as it was a result of sham negotiations, with direct dictation from Musk himself. The plaintiffs argued that the shareholders, who ultimately approved the compensation plan, were never informed that Elon Musk directly dictated the specific […]
SpaceX's latest launch to the International Space Station (ISS), which was yet another mission of firsts, has led to the company becoming the only U.S. firm capable of meeting the National Aeronautics and Space Administration's (NASA) needs to deliver cargo and crew to the ISS. The latest launch was for Northrop Grumman's Cygnus spacecraft, which sent a batch of scientific and medical instruments to ISS. While SpaceX and Grumman are both capable of delivering cargo to the space station, SpaceX is now the only U.S. rocket launch services provider that can lift off ISS missions from the U.S. Northrop plans […]
JP Morgan has just published a hard-hitting investment note, drawing parables between the dot-com bubble of the early 2000s and the unbridled enthusiasm that has become a hallmark of the current market. Against this backdrop, Britannica Group's impending public market debut makes perfect sense. After all, who wouldn't want to enjoy a lofty valuation in a market where almost everything floats? Britannica Group Files a Draft Share Registration Statement With the SEC The education-technology company Britannica Group, which happens to be the publisher of the Merriam-Webster dictionary and the famous Encyclopedia Britannica, has now announced that it has confidentially filed […]
After making major announcements regarding OpenAI's plans to make its own chips, the firm's CEO, Mr. Sam Altman, has spent a busy couple of days speaking with Korean memory manufacturers, according to reports in the local media. The start of 2024 has seen big tech remain relentless in its focus on building the world's most advanced artificial intelligence and data science systems. Not only did Altman, whose OpenAI is known for its close partnership with Microsoft, announce an interest in designing chips from the ground up earlier this month, but Meta's Mark Zuckerberg has also shared his aim of buying […]
At a time when Tesla just suffered its biggest daily share price decline since 2020 on the back of a "disastrous" earnings call, Reuters is out with a report that Neuralink, Elon Musk's brain implant venture, has been flagged for storing hazardous materials without proper protocols. To wit, as per the documents viewed by Reuters, investigators belonging to the US Department of Transportation (DOT) found hazardous waste, including liquid Xylene - which is not only flammable but can also cause "headaches, dizziness, confusion, loss of muscle coordination and even death," as per the CDC - during an inspection of Neuralink's […]
Even as its earnings guidance failed to meet analyst estimates, Intel's latest earnings call provided upgrades about its ongoing expansion towards a contract manufacturing foundry model. Ahead of yesterday's release, the chip giant announced that it had entered into a partnership with Taiwan's United Microelectronics Corporation (UMC) to develop a new process node that will manufacture chips in the U.S. This will be part of Intel's Intel Foundry Services (IFS) business division, i.e., the firm's contract manufacturing business which aims to compete with the world's largest contract chip manufacturer, the Taiwan Semiconductor Manufacturing Company (TSMC). Intel Touts Key Contract Foundry […]