APPLE PROFIT

The S&P 500 has rallied 16% so far in 2024, driven by a handful of massive stocks poised to benefit from emerging artificial intelligence technology. Only 24% of stocks in the S&P 500 outperformed the index in the first half, the third-narrowest six...

Samsung Electronics said Friday it expects second-quarter operating profits to rise more than 15-fold on-year as chip prices bounce back and demand for generative AI continues to grow. The world's largest memory chip maker said in a regulatory filin...

Former Apple lawyer Gene Levoff fined $1.15 million for insider trading. Levoff traded on nonpublic information from the iPhone maker. The fines were imposed by a U.S. District Judge.

Contract manufacturer Foxconn said it has plans to begin manufacturing AI servers—the high-performance computing engines that train and run artificial intelligence (AI) models—at its Indian facilities, sources told ET.

Strategic investments like Volkswagen's $5 billion in Rivian signal a shift towards sustainable energy. The market anticipates further developments in the electric vehicle sector. Investors carefully analyze such moves, impacting stock performances ...

This year the shopping festival failed to stir up much excitement among shoppers, industry experts said, even as major platforms extended offers to a weeks-long period to woo consumers who have been tightening their belts amid a gloomy economic outl...

Elon Musk's strong opposition to Apple's AI plans, particularly regarding OpenAI integration, led to threats of banning Apple devices at his companies. Musk's concerns about data privacy, security, and truth-seeking AI prompted the launch of his own...

Go Digit General Insurance reported its second consecutive full year of profit in fiscal 2024. This and more in today’s ETtech Top 5.

After months of mystery over Apple’s AI strategy, it took a step taken by nearly every other tech company: integrate some OpenAI models into its products for features like text generation. Let's take a look at highlights from the event and what foll...

The widely anticipated display of AI to be embedded in the iPhone and other Apple products will be the marquee moment at an event that traditionally previews the next version of software that powers the company's hardware lineup.

Tech stocks face diverging performances as Nvidia leads the pack, while Apple struggles, causing a profit cool down and an emerging asymmetry among Big Tech stocks, affecting the overall earnings potential in 2024.

The S&P 500 and Nasdaq composite dipped from record highs ahead of key labor market data. Nvidia fell, while utilities and industrials dragged the S&P 500 lower. Investors await the U.S. nonfarm payrolls report, which may influence Federal Reserve d...

Microsoft, Nvidia, and Apple have a combined market capitalisation surpassing that of China's stock market, totaling $9.2 trillion. The tech giants, fueled by investor demand for AI exposure, have seen record highs in their stock prices. Nvidia rece...

Nvidia's stock price has more than doubled this year, making it the third most valuable company in the S&P 500. The company is set to undergo a stock split, giving investors nine additional shares for every one they own.

Adani Group Stocks: Adani Group's FY24 profit surges by 55% to Rs 30,768 crore post Hindenburg crisis. Jefferies favors Adani Enterprises, Adani Ports, and Adani Energy Solutions, citing robust EBITDA growth and strategic initiatives. Adani Ports se...

Nvidia's profit soared, driven by AI dominance and CEO Jensen Huang's vision of 'AI factories' creating artificial intelligence. The company reported a sevenfold increase in net income and a 10-for-1 stock split, with shares rising 6% in after-hours...

Berkshire Hathaway Inc's record profit driven by insurance operations included a significant Apple share sale, increasing cash to $189 billion. Buffett's move away from Apple reflects investor concerns. The company also repurchased its own stock and...

TSMC's Q1 net profit surpasses forecasts, driven by AI chip demand. Revenue exceeds expectations, stock hits record high. Capital expenditure increases. ASML reports robust sales despite U.S.-led restrictions.

Taiwan Semiconductor Manufacturing Co, the dominant producer of advanced chips used in artificial intelligence applications, is expected to report a 5% rise in first-quarter profit on Thursday thanks to strong demand.