Supermicro Faces Investor Backlash: Shares Drop 5% After Revenue Guidance Slash
Supermicro's shares fell over 5% after cutting its 2025 revenue guidance and reporting a significant drop in net income, despite a year-on-year sales increase.
tech industry News
Supermicro Faces Investor Backlash as Revenue Guidance Slashed, Shares Tumble 5%
Super Micro Computer Inc. shares fell over 5% after cutting its 2025 revenue guidance to $21.8-$22.6 billion from $23.5-$25.0 billion, with Q3 net sales up 19% YoY to $4.6 billion ...
Microsoft Shatters Expectations with a 13% Revenue Surge to $70.1B in Q3 2025
Microsoft Corporation reports a 13% revenue increase to $70.1 billion in Q3 2025, exceeding analysts' expectations and showcasing the company's strong financial performance.
Alphabet Shatters Q1 Forecasts with a Staggering $90.23B Revenue Surge
Alphabet Inc. announced a 12% revenue increase to $90.23 billion in Q1 2025, exceeding expectations and setting a new financial milestone for the company.
TSMC Announces Significant 30% Price Increase at US Foundries Due to Rising Operational Costs
TSMC is raising prices at its US foundries by 30% due to higher operational costs, impacting major tech companies like Apple and Nvidia. This move comes amid uncertainty over US ta...
TSMC Plans Significant 30% Price Increase at US Foundries Amid Rising Operational Costs
TSMC is set to raise prices at its US foundries by 30% due to higher operational costs, affecting major tech companies like Apple and Nvidia amidst tariff uncertainties.
Nvidia Unveils Plan to Revolutionize US Tech with AI Supercomputers and Job Creation
Nvidia announces a strategic plan to manufacture AI supercomputers in the US, aiming to create hundreds of thousands of jobs and generate up to $500 billion in AI infrastructure. T...
Nvidia's Bold Move: Building AI Supercomputers in the US to Revolutionize Tech Industry
Nvidia Corp. announces a partnership to build AI supercomputers in the US, with facilities in Arizona and Texas. This $500 billion project aims to create jobs and boost the economy...
Amazon CEO Andy Jassy's Compensation Soars to $40.1M in 2024: A 37% Increase from Previous Year
Amazon CEO Andy Jassy's total compensation reached $40.1 million in 2024, marking a 37% increase from the previous year. His base salary remained at $365,000, with stock performanc...
Samsung Electronics Surpasses Expectations with Stellar Q1 2025 Profit Surge
Samsung Electronics reports a significant profit increase in Q1 2025, with an estimated operating profit of 6.6 trillion Korean won ($4.5 billion) and consolidated sales around 79 ...
Zomato Shakes Up Workforce: Over 500 Customer Support Jobs Axed Amid AI Shift
Zomato has laid off 500-600 customer support employees, citing non-performance, amid a shift towards AI automation. The move has caused employee backlash, reflecting a wider indust...
Elon Musk's xAI Makes a Bold Move: Acquires Social Media Giant X in a Landmark Deal
Elon Musk's xAI acquires social media platform X in a landmark all-stock deal, aiming to blend AI innovation with social media's reach for smarter user experiences. The deal values...
Samsung Electronics Mourns the Sudden Loss of Co-CEO Han Jong-hee at 63
Samsung Electronics Co. Ltd. co-CEO Han Jong-hee has died at 63 from a heart attack. A key figure in Samsung's display technology, Han's leadership and innovation will be deeply mi...
Intel's Stock Skyrockets 15% Following Strategic CEO Appointment
Intel Corp. sees a 15% stock surge after appointing Lip-Bu Tan as the new CEO, aiming to restore its position as a leading tech company with a focus on engineering and customer sat...
TSMC's $100 Billion Investment in US Chip Manufacturing: A Game-Changer for the Tech Industry
TSMC plans a $100 billion investment in US semiconductor manufacturing, aiming to build cutting-edge facilities. This move could include acquiring Intel's US manufacturing unit, ma...
Dell Achieves a 7% Revenue Growth in Q4 2025, Reaching $23.4 Billion
Dell reports a 7% revenue increase in Q4 2025, totaling $23.4 billion, highlighting its strong performance in the competitive tech industry. Further details on strategies and futur...
Elon Musk Shuts Down Rumors of TikTok Acquisition Amid Political Speculations
Elon Musk has denied any plans to acquire TikTok, despite previous support from former President Donald Trump. This decision underscores the intricate relationship between technolo...
Google Reevaluates DEI Initiatives Amidst Industry-Wide Scrutiny
Google has decided to eliminate its diversity hiring goals and review its DEI programs, reflecting a broader trend in the tech industry. This move comes after setting ambitious div...
Palantir Technologies Reports a Stunning 36% Revenue Growth in Q4, Reaching $828 Million
Palantir Technologies achieved a 36% revenue growth in Q4, reaching $828 million, highlighting its significant impact and growth in the tech industry.
Nvidia Stock Plummets 5% to September Lows Amid New US Tariff Announcements
Nvidia's stock fell by 5%, hitting its lowest since September, following President Trump's announcement of new tariffs on imports from Canada, Mexico, and China. By 9:41 am ET, sha...
Bitcoin Surges Past $104K Again, Fueled by Trump's Upcoming Inauguration
Bitcoin surpasses $104,000 again, driven by anticipation of Donald Trump's inauguration. Tech industry leaders' attendance at the event is expected to boost cryptocurrency interest...
Government to Engage Tech Industry in Data Transfer Restrictions: Minister Ashwini Vaishnaw
IT Minister Ashwini Vaishnaw announces plans to consult with the tech industry and experts before implementing restrictions on transferring personal data outside India, aiming for ...
Tech Titans Unite: Apple's Tim Cook Joins Meta and Amazon in $1M Donation to Trump's Inaugural Fund
Apple CEO Tim Cook is set to donate $1 million to President-elect Donald Trump's inaugural fund, joining other tech leaders like Mark Zuckerberg and Jeff Bezos in a show of support...
Exclusive: Bill Gates Seeks Strategic Meeting with President-elect Trump at Mar-a-Lago
Bill Gates has requested a meeting with President-elect Donald Trump at Mar-a-Lago, joining a list of tech industry leaders meeting Trump to pledge support and donations ahead of h...
Trump and Google CEO Sundar Pichai to Discuss Tech Industry Concerns at Mar-a-Lago
Google CEO Sundar Pichai is set to meet with US President-elect Donald Trump to discuss tech industry concerns, including Trump's criticism of perceived bias and Google's antitrust...
