Stock Market

A memo went out on Tuesday evening where Google CEO Sundar Pichai addressed the company’s artificial intelligence blunders. This follows Google taking its Gemini image-generation feature offline to test.

Revenues grew and losses narrowed in 2023, according to 2023 report, but the British luxury car maker is behind key competitors in electrification and postponed its first BEV

Apple has abandoned its electric vehicle project in favour of a more concentrated effort on developing generative AI.

The SPX500 is overbought as per its weekly RSI (green rectangle), largely due to the artificial intelligence narrative. In this regard, some of the index’s top constituents by market capitalisation, not surprisingly, are also overbought, contributing to the overall heat of the index. Examples include Meta, NVidia, and Amazon.com amongst others.

The EV startup has been turning the corner against an adverse external environment, but its latest results and guidance that it will produce fewer EVs in 2024 compared to last year, spark fresh concerns

The tech heavy-index looks past the reserved approach of Fed officials in regards to rate cuts, as the AI leader Nvidia delivered blockbuster results and guidance

The SPX500 is hovering just shy of the 5,000 level. Goldman Sachs has set a new target for the index, the second time it has done so since December. The investment banks now estimate a year-end target for the SPX500 of 5,200 which is higher than its previous estimate of 5,100.

The tech giant announced a new gaming strategy that leans on content and brings Xbox titles to other companies’ consoles, as rival PlayStation5 reached new records

Coinbase Global (COIN.us) reported results after yesterday’s close, posting well above Wall Street expectations. Revenue was $954m and EPS was $1.04. Expectations according to FactSet was for 2 cents per share in earnings and revenue of $826m.

The Japanese behemoth sold more than 8 million consoles in Q3 FY2023 (Q4 calendar quarter), hitting new records, but lowered its full year guidance

Nvidia CEO Jensen Huang, at the World Government Summit in Dubai, said that shifts to accelerated computing are likely to continue and that countries need to build on their AI infrastructure. In an interview Huang said that “There’s about $1 trillion worth of installed base of data centres around the world. And over the course of the next four or five years we’ll have $2 trillion worth of data centres…