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Market analysis: earnings, stock moves, IPOs and what the numbers say about the tech economy.
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Asian and European markets follow US tech rout with many analysts predicting more waves of selling to come European and Asian stock markets fell sharply on Friday after the Democrats’ decisive victory in the midterms triggered a rout in US tech stocks a day earlier. A sell-off on Wall Street on Thursday was followed…
After Thursday’s share price plunge on Wall Street, could the volatility be the start of a huge market meltdown? Global financial markets have been thrown into a tailspin as investors bet on an AI slowdown after the US midterm elections. This is not the first time stock markets have wobbled in recent months due to…
After four of the biggest competitors in the AI race held quarterly earnings calls late last month, two things are clear: Big Tech is not done spending record amounts on the AI data center buildout, and the AI data center buildout is not any closer to yielding its promised returns. A third thing is also […]
AI agents won't be stealing Uber's lunch any time soon. Only four rides were arranged by third-party AI agents during the third quarter of 2026, Uber executives disclosed during an earnings call this morning. The volume of Uber Eats orders fulfilled by AI agents was a little higher, with the company recording "around…
Palantir's U.S. commercial revenue surpassed U.S. government revenue for the first time ever.
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Apple hinted at ways that it could spur revenue through third-party "opportunities" during its Monday night earnings call.
Big tech stocks falter as investors question whether billions being poured into AI can generate returns quickly enough A sell-off of tech stocks that began earlier this month and gained steam with disappointing earnings from leading tech companies drove US markets down by hundreds of billions of dollars Friday. In…
Research finds 55% of lawyers are using AI in legal practices, up from 37% last year, though efficiency gains aren’t as high as expected Get our breaking news email , free app or daily news podcast More than half of Victoria’s lawyers have reported using AI in their work, according to a new study, but just over a…
Whatever the future of AI might be, the current situation is still very good for Microsoft. The tech giant reported yet another record for quarterly revenue on Wednesday: $92.3 billion, a 19% increase over the year-ago quarter.
The social media giant is planning a new stock strategy to help power its broad investments in AI models and services.
