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The two rivals in the Artificial Intelligence (AI) arena reported overall strong results on Tuesday, although Microsoft’s forward guidance disappointed markets

The social media giant is having a very good year, with improved financials, cost cutting measures and a renewed focus on Artificial Intelligence. However, pitfalls still loom, ahead of the July 26 Q2 earnings

After last year’s adversities, the streaming giant changed key aspects of its business, with password sharing crackdown and the ad-supported tier, which boosted subscriptions and revenues according to Wednesday’s results

Microsoft (MSFT.us) jumped close to 4% in yesterday’s trade, reaching an all-time high after announcing its pricing strategy for a new artificial intelligence subscription service for Microsoft 365. The company said Microsoft 365 Copilot software will cost $30 per month, adding AI capabilities to Word, PowerPoint, Excel, Outlook and Teams.

Effectively we saw profits surging at JPMorgan Chase (JPM.us) and Wells Fargo (WFC.us) on Friday, posting profits of 67%and 57% respectively, in large part due to net interest income. Bank of America (BAC.us) kept up with the momentum yesterday, which saw profits increase by 19%.

The EV king releases its earnings for the second quarter on July 19, during which deliveries hit new records with the help of price cuts, but these had harmed its profits in the previous quarter

The streaming pioneer releases its latest quarterly results on July 19th and any insights around the progress on password sharing crackdown and the ad-supported tier will be welcome

A judge has ruled against the Federal Trade Commission's plea for a preliminary injunction aimed at blocking Microsoft's (MSFT.us) acquisition of Activision Blizzard (ATVI.us), which is valued at a substantial $69 billion.

In a letter directed to Meta CEO Mark Zuckerberg, Twitter has accused Meta Platforms of unlawfully utilizing Twitter's proprietary knowledge to construct its new Threads application. Meta has refuted these allegations.

Rivian hit a low of $11.68 in late April. Since then, the company has appreciated by close to 75% and is currently trading at $20.43. Importantly, the daily chart’s On Balance Volume indicator has moved above its red declining trendline, which indicates that Rivian shares have been accumulated since late June.

Meta Platforms launched today a new text sharing app to compete against Elon Musk’s Twitter, as the rivalry between the two tech moguls has heated up recently, with a cage-match challenge