AI News

Showing 25 of 947 articles.

Filter Articles

Mark Zuckerberg’s Net Worth Jumps as Meta Stock Gains Momentum

Mark Zuckerberg‘s net worth surged by more than $13 billion on Friday as Meta Platforms shares extended their strong rebound. He ended the week with an estimated net worth of $237 billion, an increase of about $4 billion since the...

Benzinga
Meta’s Potential AI Cloud Push Could Boost Earnings, Wolfe Research Says

Meta Platforms Inc (NASDAQ:META) is one of billionaire David Abrams’ top stock picks with upside potential. Analysts project more than 40% upside for Meta stock from the current level. This social media stock is popular with elite investors, as some 262 hedge funds own Meta shares. On July 2, Wolfe Research reaffirmed its Outperform rating […]

Insider Monkey
Alphabet Inc (GOOGL) Stock: Looking Beyond the $4.7 Billion EU Fine

Alphabet Inc (NASDAQ:GOOGL) is one of billionaire David Abrams’ top stock picks with upside potential. Alphabet shares have more than doubled in the past year, and analysts see the stock rising more from the current level. Alphabet is a big favorite of elite investors, as the stock is backed by 265 hedge funds. On July […]

Insider Monkey

(Bloomberg) -- The European Union will propose a law to restrict children’s access to social media, according to the bloc’s top official, as part of a growing global consensus about the harm it causes. Most Read from BloombergLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Hormuz Route Open Despite Iran Declaration, Maritime Group SaysOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With AppleTrump Embraces Australian Retirement System Backed by Larry FinkUS Renews Iran Strikes

Bloomberg
TSMC Q2 revenue jumps 36% from a year earlier, beating market expectations

TSMC, the world's ‌largest contract chipmaker, ‌reported on Monday second-quarter ​revenue of 1.27 trillion Taiwan dollars ($39.63 billion), beating market ‌expectations and ⁠rising 36% from a year ⁠earlier on surging interest in artificial ​intelligence applications. An ​LSEG ​SmartEstimate, drawn ‌from 20 analysts, had expected revenue in the April-to-June quarter of 1.264 trillion Taiwan ‌dollars. Taiwan Semiconductor ​Manufacturing Co (TSMC) ​is ​a major ‌supplier to companies including ​Nvidia ​and Apple.

Reuters
Zapata Quantum Bets Software, AI Partnerships Will Unlock Quantum Computing Value

Zapata Quantum (OTCMKTS:ZPTA) Chief Executive Officer Sumit Kapur used a presentation at the OTC Markets Global Technology Conference to argue that quantum computing is moving from a hardware-focused phase toward one in which software and applications will determine much of the sector’s value. Kapu

MarketBeat