Advanced Micro Devices (AMD) recently reported its second-quarter earnings, surpassing Wall Street expectations with revenue of $5.83 billion, compared to the expected $5.72 billion. This success can be attributed to the continued growth in sales of the company’s AI chips. AMD’s earnings per share also exceeded estimates at 69 cents, compared to the projected 68
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The cryptocurrency market saw a boost at the beginning of the final week of July as traders reacted to a series of political events and looked forward to central bank meetings. Bitcoin recorded a 2% increase, reaching $69,640.00, while Ether rose by 3% to $3,382.15. This resurgence comes after bitcoin closed the previous week with
Former President Donald Trump’s speech at the Bitcoin Conference in Nashville fell short of promising to establish an official U.S. bitcoin strategic reserve currency. While he pledged to maintain the current level of bitcoin holdings in the U.S., his approach appeared to lack the revolutionary commitment that some crypto enthusiasts were expecting. Trump’s strategy of
Donald Trump’s decision to headline the biggest bitcoin conference of the year in Nashville comes as a surprise to many, given his previous dismissive comments about cryptocurrency. When he was in the White House, Trump made it clear that he was not a fan of Bitcoin and even went as far as to call it
Nickel mining in Indonesia has experienced a significant surge, propelling the country to the position of the world’s largest producer of this metal. With more than 14 active mines in operation, Indonesia now accounts for over 40% of the global demand for nickel. This remarkable growth can be attributed to the pivotal role of nickel
The once dominant Apple has been pushed out of the top five smartphone vendors in China as competition from domestic brands like Huawei intensifies. According to a recent Canalys report, Apple’s market share in China dropped to 14% in the second quarter, compared to 16% in the same period a year ago. This decline has
SK Hynix, a major player in the memory chip industry, recently announced its second-quarter results, showcasing a significant uptick in profits. The company reported revenue of 16.42 trillion Korean won, marking an impressive 124.7% increase from the previous year. Additionally, operating profit reached 5.47 trillion Korean won, the highest level in six years. This growth
Tesla CEO Elon Musk recently posted a poll on social media platform X, asking whether the publicly traded automaker should invest $5 billion into his latest startup, xAI. This informal poll was aimed at testing the waters and gauging public opinion on this potential investment. Musk emphasized that board approval and shareholder votes would be
Tesla is gearing up to release its second-quarter earnings report after markets close on Tuesday, stirring anticipation among investors and analysts. The electric vehicle (EV) maker has had a turbulent first half of the year, marked by workforce reductions and a decline in vehicle deliveries during the first and second quarters. Analysts surveyed by LSEG
Artificial intelligence-powered agents are set to revolutionize the way tasks are handled within organizations by 2025. Capgemini, a leading technology services giant, predicts the emergence of “multi-agent AI” systems where a collection of agents collaborate to solve complex tasks. These AI agents are designed to function independently, plan, adapt, and execute workflows with minimal human