Nvidia is now the first company to reach a $4 trillion valuation, surpassing Apple and Microsoft.
Nvidia reached a remarkable market capitalization of $4 trillion on Wednesday, marking it as the first public company to hit this milestone and further establishing its status as a favorite on Wall Street. The chip maker’s stock climbed 2.5%, reaching a peak of $164, propelled by a spike in demand for artificial intelligence technology. This […]
Nvidia surpasses Apple and Microsoft to emerge as the first public company valued at $4 trillion.
Nvidia Reaches Historic Milestone Nvidia achieved a market value of $4 trillion on Wednesday, marking it as the first public company to reach such a milestone. After the market opened, Nvidia’s shares rose by 2.5%, hitting an intraday record that pushed its market value past the $4 trillion mark. This US chipmaker has experienced remarkable […]
Microsoft Requests 6,000 H-1B Visas While Reducing Workforce by 9,000 Jobs
Microsoft’s H-1B Visa Applications Amid Layoffs Recently, Microsoft has come under fire for applying for thousands of H-1B visas while also planning to lay off around 9,000 employees. This decision has stirred notable frustration, particularly among those who argue that American jobs should take precedence, especially in times of economic instability. This week, reports surfaced […]
Microsoft and Meta introduce a special Quest 3S Xbox version for cloud gaming.
Microsoft and Meta Collaborate on Meta Quest 3S Xbox Edition In an interesting twist, Microsoft and Meta have joined forces to create a limited edition Meta Quest 3S Xbox Edition. This comes amidst a heated competition in the gaming world, especially with the recent launches of the Nintendo Switch 2 and Sony’s PlayStation events drawing […]
Microsoft Researchers Collaborate with Sanctioned Chinese Universities to Strengthen Surveillance Systems
Microsoft Research Asia, a significant facility located in Beijing and Shanghai, is still engaged in AI research, including areas involving facial recognition, even with ties to sanctioned Chinese military-related universities, which raises concerns about potential misuse. Microsoft, however, insists there are safeguards in place to manage such sensitive research at the lab. Founded in 1998, […]
Microsoft is set to make additional job cuts in the Xbox division next week
Microsoft Plans Job Cuts in Xbox Division Microsoft is set to initiate further job cuts within its Xbox division as part of an ongoing restructuring of the tech giant. Reports suggest that significant layoffs could occur in the coming week, according to sources familiar with the situation. This marks the fourth time Microsoft has downsized […]
Microsoft Aims to Reduce Staff in Sales Departments
Microsoft Plans Another Round of Layoffs Sources indicate that Microsoft is gearing up for another series of job cuts, targeting thousands of positions, particularly within the sales department. According to reports, the tech giant is expected to announce these layoffs in early July, coinciding with the close of its fiscal year. While the primary focus […]
Tensions Rise Between OpenAI and Microsoft as Their Partnership Declines
Tensions Rise Between OpenAI and Microsoft Tensions are escalating between AI startup OpenAI and tech giant Microsoft as they navigate the future of their notable partnership. OpenAI, the creator of the well-known ChatGPT, is reportedly growing frustrated with Microsoft. Their collaboration, which kicked off in 2019 with a significant $1 billion investment, has been celebrated […]
Microsoft Fires Worker Who Disrupted Satya Nadella’s Speech
Microsoft Employee Fired for Protest During CEO Speech A Microsoft employee was dismissed after he interrupted CEO Satya Nadella’s speech to voice his objections against the company’s technology support for Israeli forces. Joe Lopez, a software engineer, raised his concerns about the use of Azure Technology in Gaza and criticized the company’s lack of response […]
Friday’s top analyst recommendations: Nvidia, Apple, Tesla, Salesforce, Dollar General, Amazon, Microsoft, and others
Wall Street’s Top Recommendations on Friday Citi recently initiated coverage on U.S. Foodservice, noting a variety of favorable factors emerging from companies in the foodservice sector. They assert that U.S. Foodservice (USFD) is well-positioned within this field, with stronger profit margins per case, stable operating expenses, and a solid history of successful initiatives supporting anticipated […]