Nvidia Corp. could come to dominate the data center in the way Apple Inc. did. smartphones did, according to one analyst amid several glowing reports from Wall Street after the chip company reported a spectacular quarter and outlook. Nvidia NVDA, + 3.64% shares traded up plus-minus 2% on Thursday, closing …
Read More »Estimated profit for Alibaba Beat. Why his forehead falls.
Text size Alain Jocard / AFP via Getty Images Shares of Alibaba Group Holding traded modestly lower on Thursday despite posting results in June that were slightly better than Wall Street expectations. For the four-year period, the China-based e-commerce giant posted revenue of $ 21.8 billion, up 34% from a …
Read More »Robinhood is now valued at $ 11.2 billion after last round of financing
Text size Andrew Harrer / Bloomberg Robinhood Markets announced on Monday that it had raised $ 200 million from D1 Capital Partners, raising the company’s valuation to $ 11.2 billion from $ 8.6 billion just last month. It is Robinhood’s third funding round of 2020, and comes after the online …
Read More »SoftBank made big bets on Amazon, Netflix and Tesla Stock in the second quarter
Text size Carl Hof / Getty Images SoftBank Group made big bets on Amazon. com, Alphabet, Adobe, and other technology stocks in the June quarter as part of their program to temporarily stash proceeds from recent asset sales. As of June 30, SoftBank had a $ 1 billion stake in …
Read More »In Battle Royale vs. Apple, Spotify and Match Group cast support behind ‘Fortnite’ developer Epic Games
“Fortnite” maker Epic Games is targeting a bona fide dust-up against Big Tech, and it is gaining the support of other leading app developers in the process. Spotify Technology Inc. SPOT, -0.92% and Match Group Inc. MTCH, + 1.15% has recently issued statements in support of Epic, which has filed …
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