Wix.com Ltd., known for its website-building solutions, has announced a landmark partnership with Google. This collaboration positions it as the first third-party reseller of Google's new Gemini generative artificial intelligence (AI) technology integrated into Google Workspace. This strategic move will potentially revolutionise how users interact with digital...
Berkshire Hathaway, led by Warren Buffett, has dramatically reduced its holdings in Apple Inc., marking a significant shift in its investment strategy. Over the past seven quarters, Berkshire has been consistently selling off its Apple shares, with the process intensifying in the second quarter of 2024. During this period, Buffett disposed of over USD 75 billion...
Nvidia, a leader in the artificial intelligence processor market, is under investigation by the US Department of Justice (DOJ). The probe, reported by The Information, focuses on allegations that Nvidia may have engaged in anti-competitive practices to maintain its market dominance. Specific concerns include potential restrictions placed on competition through...
Advanced Micro Devices (AMD) reported impressive quarterly results, beating analysts' expectations and raising its revenue forecast for artificial intelligence (AI) chips through 2024. According to the company's projections, demand for AI chips will outstrip supply through 2025, indicating a sustainable growth trajectory for AMD's key business segments.
For Q3...
Commvault Systems Inc. has reported a robust Q1 for fiscal year 2025, showcasing significant growth in revenue and recurring earnings. The company, known for its data backup and recovery tools, is seeing increased demand as these solutions prove crucial for protecting IT infrastructure against failures and cyberattacks.
For the quarter ending on 30 June,...
US technology company CACI International Inc. has secured a USD 414 million contract to conduct research on unmanned systems for several US defence agencies, including DEVCOM and C5ISR. Under the new contract, CACI International will undertake a range of analytical and engineering tasks, with a primary focus on assessing the threats posed by new military drones,...
As NASA plans to decommission the International Space Station (ISS) with a special version of SpaceX's Dragon spacecraft, the focus shifts towards the burgeoning sector of private space stations. This transition marks a pivotal moment for the space industry, offering substantial opportunities for companies involved in space infrastructure.
Redwire Corporation,...
Citadel Advisors, along with other institutional investors, has increased its stake in Merck & Co., indicating a solid market interest as the company's stock currently appears undervalued. During the second quarter of 2024, Citadel Advisors acquired 1.25 million shares of Merck & Co., contributing to a rise in the stock price as smaller investors followed suit,...
Tower Semiconductor Ltd. has released a positive earnings report for Q2 2024, demonstrating robust sales growth across all its business segments, with a notable performance in the optical receiver business for fibre optic links. The company's revenue climbed to 351 million USD for the quarter ending 30 June, up from 327 million USD in the same period the...
Viasat Inc. (NASDAQ: VSAT), a key player in satellite communications technology, has introduced a new product , Air-IQ, aimed at military agencies and intelligence communities. This development strengthens Viasat's position as a leading provider in the market and is expected to drive additional sales growth.
The Air-IQ solution integrates a comprehensive set of...
MGM Resorts International (NYSE: MGM), a prominent operator of global casino resorts, has seen a notable influx of investments from major institutional firms in recent months. The company's robust revenue growth and promising expansion into new markets fuelled the growing interest from investors.
Key growth highlights include MGM China's significant 71%...
SentinelOne, Inc. experienced a boost in stock value following a problematic software update by its competitor, CrowdStrike Holdings Inc., which disrupted Microsoft Windows operating systems. The failed patch affected approximately 1% of Windows devices, translating to around 8.5 million units globally. Many of these devices belong to large, mission-critical...
First Solar Inc. has taken a significant step forward in the solar industry by launching one of the largest research centres in the world dedicated to developing new photovoltaic modules. Located in Ohio, USA, this expansive facility covers over 120,000 square meters and is designed to enhance First Solar’s capacity to innovate and lead in technology within the...
GlobalFoundries Inc. (NASDAQ: GFS) saw its stock climb nearly 7% on Thursday, bucking the downtrend affecting other key players in the semiconductor industry. This increase came amid potential new US restrictions on chip supplies to China, which could negatively impact major competitors like Taiwan Semiconductor Manufacturing Company Limited (TSMC) and NVIDIA...
Teladoc Health Inc., a leader in the US telemedicine market, has announced a strategic partnership with Brightline, a digital platform specialising in mental health care for children, adolescents, and their families. This partnership marks Teladoc's entry into a new and promising healthcare market segment, focusing on paediatric mental health – a critical area...
C3ai Inc. (NYSE: AI), a prominent developer of artificial intelligence tools, announced the launch of a generative AI application specifically tailored for government organizations on Monday. This move targets a significant growth area within the AI sector, where there is substantial interest from government entities actively investing in AI-driven tools.
The...
Array Technologies, Inc., a leading manufacturer of solar trackers, recently received positive remarks from Citibank, boosting investor confidence. Despite facing current operational challenges, including the firing of its CFO, increased transportation costs, project delays, and inflation pressures impacting margins, Citibank has upgraded Array Technologies'...
Affirm Holdings Inc., known for its installment payment platform, has entered into a partnership with RONA Inc., a prominent Canadian home improvement retail chain. This collaboration is set to enhance the shopping experience for RONA’s customers by offering flexible payment options, particularly appealing in the current economic climate characterised by...
![FSLR: First Solar [FSLR] Unveils Major Research Centre](https://s3.tradingview.com/o/OcQNn9h2_mid.png "First Solar [FSLR] Unveils Major Research Centre")
