The so-called “Magnificent Seven” tech stocks — Microsoft (MSFT), Apple (AAPL), Nvidia (NVDA), Tesla (TSLA), Alphabet (GOOG, GOOGL), Meta (META), and Amazon (AMZN) — were once the main drivers propelling the S&P 500’s gains. However, as investors question whether the market is entering an AI-fueled bubble, cracks are emerging in these mega-cap names. Stocks like …
Ahead of Advanced Micro Devices’ (AMD) earnings Tuesday afternoon, Raymond James downgraded the chipmaker from Strong Buy to Outperform due to concerns over inflated AI revenue expectations. AMD is set to release results against the backdrop of its newest MI300 chip — a competitor to Nvidia’s (NVDA) AI chip — gaining traction. The MI300 has …
ROME (AP) — Friar Paolo Benanti wears the plain brown robes of his medieval Franciscan order as he pursues one of the most pressing issues in contemporary times: how to govern artificial intelligence so that it enriches — and doesn’t exploit — people’s lives. Benanti is the Vatican’s go-to person on the technology and he …
JPMorgan released its picks for the internet sector in 2024. These picks include Amazon (AMZN), Uber (UBER) and Alphabet (GOOG,GOOGL). J.P. Morgan cites reasonable valuation, proven profitability, and potential for growth as its reasons for picking those stocks.. Yahoo Finance Anchors Brad Smith and Seana Smith break down the stocks and what it could mean …
Microsoft announced its plans to acquire Call of Duty maker Activision in January 2022. Since then, the $69 billion deal has been through several blockades imposed by the regulatory watchdogs of various countries. Now, the tech giant is changing the structure of the deal to appease UK’s Competition and Markets Authority (CMA). According to a …
In a move that has sent shockwaves through the gaming industry, the Biden administration has stepped in to block Microsoft’s proposed acquisition of Activision Blizzard. Valued at a staggering $69 billion, this deal would have allowed Microsoft to expand its arsenal of popular games and compete with industry giants like Tencent and Sony. However, the …
Microsoft President Brad Smith announced on Tuesday that the company has proposed a legally-binding consent decree to the US Federal Trade Commission (FTC). This decree would ensure that rivals, including Sony and others, have access to Call of Duty games for a period of ten years. The offer comes as Microsoft seeks approval for its …
The US Federal Trade Commission is currently seeking to impede Microsoft’s acquisition of Activision Blizzard by requesting a temporary restraining order and injunction from a federal district court before the deal deadline on July 18. The FTC has raised concerns that Microsoft’s acquisition could potentially lead to monopolistic practices, favoring Xbox consoles at the expense …