Alibaba reported stronger-than-expected revenue for its fiscal second quarter, driven by accelerating growth in its cloud computing division and rising demand for artificial intelligence services. The company’s New York-listed shares rose around 3.2% in premarket trading as investors appeared willing to look beyond a sharp decline in profitability and focus instead on renewed momentum in
Nvidia shares dropped on Tuesday after a report indicated that Meta Platforms is in talks to adopt Google-designed chips for its data-center infrastructure. Nvidia’s stock was down 3.58% in premarket trade, while shares of Alphabet, Google’s parent, rose more than 4% following the report from The Information. The Information reported that Meta is considering using
It has been a year of layoffs. The year 2025 has been marked by sweeping layoffs across the global technology sector, with companies large and small announcing deep job cuts as they grapple with overexpansion, cost pressures, and the growing shift toward artificial intelligence. At least more than 112,000 employees have been laid off so
Tata Consultancy Services share price is staging a slow comeback in the past few weeks. After bottoming at ₹2,856 in October, TCS has rebounded by over 10% to the current ₹3,155. So, will this rally continue as it formed a bullish pattern? Tata Consultancy Services has faced challenges this year TCS, one of the top
Google Cloud has confirmed a new multi-million dollar contract with the NATO Communication and Information Agency to deliver a sovereign cloud environment for the Alliance’s Joint Analysis Training and Education Centre. The announcement marks a key step in expanding secure digital capabilities for the centre, which manages activities that rely on protected data and controlled
The internet is having an identity crisis. Recent infrastructure collapses, from the AWS outage that knocked Snapchat offline to Snapchat’s sudden pivot toward paid storage tiers, have exposed an uncomfortable truth: we’ve built the digital age on fragile, centralised foundations controlled by a handful of corporations. Enter SocialFi, the emerging sector blending decentralised finance with
Palantir stock (NASDAQ: PLTR) nosedived 25% after reaching an all-time high in early November, triggering a fiery public clash between CEO Alex Karp and hedge fund manager Michael Burry. Karp blamed short sellers for the stock’s drop, but many investors saw the decline as a correction to Palantir’s high valuation. With a sales multiple of
Zoom stock price has remained in a deep consolidation phase in the past few years as demand for its services waned. It has remained inside the support and resistance levels at $56.27 and $91 since 2022. ZM stock was trading at $78.64, down by over 86% from its highest level since 2020. In contrast, the
Tesla is moving closer to completing the design of its next-generation AI5 chip and has already begun development work on its AI6 processor, CEO Elon Musk said Sunday in a post on X. The update marks the company’s most detailed assessment yet of its long-term chip roadmap as it leans deeper into artificial intelligence and
Tesla stock (NASDAQ: TSLA) tumbled over 2% on Friday, breaking below the critical $400 support level as investors reassess valuations amid hawkish Federal Reserve commentary and deepening AI bubble concerns. The sell-off dragged alongside mega-cap tech peers: Nvidia fell 2.9%, and Amazon dropped around 1%. Tesla stock is up 2.66% year-to-date despite November’s recent pullback, trading