AMD reports profit beat, but misses on data center revenue
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AMD’s Q4 revenue hits $7.66B, up 24% but stock falls
Advanced Micro Devices reported revenue of $7.658 billion for the fourth quarter, up 24% from a year ago.VentureBeat - 2h -
Meta Spending to Soar on AI, Massive Data Center
The social-media giant plans to spend between $60 billion and $65 billion, the latest sign of tech companies’ accelerating investments into artificial intelligence.The Wall Street Journal - Jan. 24 -
Children's data hacked after school software firm missed basic security step, internal report says
The hack of PowerSchool appears to be the largest breach of American children’s personal information to date, school officials and cybersecurity experts say.NBC News - 4d -
Data Centers Have a Cooling Problem—These Companies Are Solving It
3D Architech and Apheros are working on innovative solutions to make those big AI brains more sustainable.Inc. - Jan. 27 -
Meta Spending to Soar on AI, Massive Data Center
The social-media giant plans to spend between $60 billion and $65 billion, the latest sign of tech companies’ accelerating investments into artificial intelligence.The Wall Street Journal - Jan. 24
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Alphabet shares drop as much as 9% on revenue miss, soaring AI investments
Google reported fourth-quarter earnings on Tuesday after the close of regular trading.CNBC - 1h -
Trump says U.S. will own and develop Gaza, and its two million Palestinians should leave for now
The Palestinian territory Gaza has been decimated from its war with Israel, which began with the Oct. 7, 2023, attack by the terror group Hamas.CNBC - 4m -
Fed Vice Chair Jefferson advocates remaining cautious on rates as policy drama unfolds
Jefferson echoed recent statements from other officials that it's in the Fed's best interest to move slowly as it evaluates evolving conditions.CNBC - 26m -
Chipotle downplays looming Trump tariffs, says only half of its avocados are from Mexico
In recent years, Chipotle has taken steps to buy more of its avocados outside of Mexico, CEO Scott Boatwright said.CNBC - 2h -
Snap shares soar on better-than-expected profit and revenue
Snap reported better-than-expected fourth-quarter results Tuesday but issued earnings guidance that trailed estimates.CNBC - 1h
More in Business
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Trump says U.S. will own and develop Gaza, and its two million Palestinians should leave for now
The Palestinian territory Gaza has been decimated from its war with Israel, which began with the Oct. 7, 2023, attack by the terror group Hamas.CNBC - 4m -
Alphabet shares sink after cloud growth stalls and spending surges
Google parent vows to spend $75bn this year on data centres to meet rampant demand from artificial intelligenceFinancial Times - 10m -
AMD comes up short in a key segment — and that’s pressuring its stock
While AMD’s PC business beat expectations, its data-center business, which includes AI accelerators, missed the mark.MarketWatch - 12m -
Mattel stock rallies, as outlook for profits — and Barbie — outweigh potential tariff impact
Shares of Mattel Inc. jumped after hours on Tuesday after the toy maker forecast an adjusted per-share profit for this year that came in above analysts’ expectations, as it takes actions — ...MarketWatch - 16m -
Fed Vice Chair Jefferson advocates remaining cautious on rates as policy drama unfolds
Jefferson echoed recent statements from other officials that it's in the Fed's best interest to move slowly as it evaluates evolving conditions.CNBC - 26m