Amazon cut thousands of engineers in its record layoffs, despite saying it needs to innovate faster
Nearly 40% of the roughly 4,700 positions Amazon eliminated across Washington, New York, New Jersey and California were engineering jobs.
CNBC
Global investors battle between long- and short-term wins amid Nvidia volatility
The market is “quite confused” over the dramatic rally and reversal, one fund manager said.
Global investors battle between long- and short-term wins amid Nvidia volatility Read More »
Foxconn highlights growing AI ambitions at ‘Tech Day’ as it grows beyond iPhone assembler identity
At Foxconn’s ‘Hon Hai Tech Day’ the world’s largest contract manufacturer’s evolution into an artificial intelligence-focused tech firm on full display.
SoftBank sinks over 10% as Nvidia-fueled rout sweeps Asian chip names
Asian chip stocks fell in early trading, tracking Nvidia’s losses in the U.S., despite the American AI chip darling posting strong third-quarter earnings.
SoftBank sinks over 10% as Nvidia-fueled rout sweeps Asian chip names Read More »
OpenAI taps iPhone assembler Foxconn to manufacture data center components in U.S.
OpenAI has struck a new partnership with Foxconn, the world’s largest contract electronics manufacturer, to build artificial intelligence hardware.
OpenAI taps iPhone assembler Foxconn to manufacture data center components in U.S. Read More »
Feds charge 4 in plot to export restricted Nvidia chips to China, Hong Kong
Chips sent to China as part of the alleged scheme included Nvidia’s A100 and H200 graphics processing units, an indictment says.
Feds charge 4 in plot to export restricted Nvidia chips to China, Hong Kong Read More »
Joby lawsuit accuses air taxi rival Archer of using stolen information to ‘one-up’ deal
The lawsuit comes during a busy stretch for eVTOL technology as companies race to gain Federal Aviation Administration certification.
Joby lawsuit accuses air taxi rival Archer of using stolen information to ‘one-up’ deal Read More »
Jobs data muddies the picture for a December rate cut, while the Nvidia rally fizzles
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
Jobs data muddies the picture for a December rate cut, while the Nvidia rally fizzles Read More »
2 underappreciated areas are powering CrowdStrike’s next growth wave and its stock
CrowdStrike is setting the standard for modern cybersecurity.
2 underappreciated areas are powering CrowdStrike’s next growth wave and its stock Read More »
Bitcoin falls to lowest level since April
Bitcoin dropped on Thursday to levels not seen in more than six months.
Bitcoin falls to lowest level since April Read More »