In a financial shocker, Deckers Outdoor Corporation, the powerhouse behind popular brands like Hoka and Ugg, has delivered an earnings report that is nothing short of groundbreaking. The company, known for its so-called “ugly shoe” designs, is defying market trends by outperforming even the tech sector’s leading players, including household names like Apple, Amazon, and […]
Nvidia’s stock has surged to new highs for the first time in four months, buoyed by the unwavering demand for AI technologies and the strong momentum of its next-generation Blackwell GPU. On Monday, Nvidia’s share price reached an intraday high of $139.41, nearing its all-time peak of $140.76, which was previously set in June. This […]
In a surprising move, the European Union’s General Court has annulled a massive €1.49 billion fine imposed on Google by the European Commission, sending shockwaves through the digital advertising world. This verdict marks a major victory for the tech giant as it battles a series of antitrust penalties levied against it in recent years. The […]
A senior adviser to the European Court of Justice has issued a striking opinion that could spell trouble for Google, a subsidiary of Alphabet Inc., over its refusal to grant access to its Android Auto platform for Enel’s electric mobility app, JuicePass. The advisor’s opinion suggests that Google’s decision may violate European Union competition laws, […]
Nvidia, the leading AI chipmaker, is facing a steep decline in its market capitalization, now valued at approximately $2.02 trillion. This comes as the United States Department of Justice (DOJ) intensifies an antitrust investigation into Nvidia’s business practices, which has raised serious concerns among investors. The DOJ’s probe focuses on allegations that Nvidia penalizes customers […]
Alphabet Inc., the parent company of Google, announced its financial results for the fourth quarter and fiscal year ended December 31, 2023. The tech giant reported consolidated revenues of $86 billion in Q4, a significant 13% increase year-over-year, highlighting its robust financial health. Sundar Pichai, CEO of Alphabet, expressed satisfaction with the company’s strength in […]
Alphabet, the parent organization of Google, has shared its Q3 2023 financial performance, registering a significant net income of $19.69 billion. This figure denotes a sizable 41.5% increase when juxtaposed against the $13.91 billion from Q3 2022. The tech conglomerate’s diluted earnings per share (EPS) for the period concluding on September 30, 2023, stood at […]
Verily, an Alphabet precision health technology company, and Kyverna Therapeutics, a clinical-stage cell therapy company, have announced a multi-year collaboration. The initial focus is on deploying Verily’s advanced Immune Profiler to identify treatment-response biomarkers in autoimmune patients undergoing Phase 1 clinical trials for Kyverna’s KYV-101 in the US and Europe. Unveiling the Biological Basis of […]
Alphabet Inc., the parent company of Google, reported positive Q2 2023 financial results on July 25, 2023, demonstrating growth in several key financial metrics as compared to the same period in the previous year. The company’s revenues grew 7% year-over-year to reach $74.6 billion, while operating income jumped by 12% to hit $21.8 billion. Notably, […]
J&J takeover of Verb Surgical : Johnson & Johnson (J&J) has agreed to take full ownership in US robotic surgery company Verb Surgical by acquiring the remaining stake it previously did not own from its joint venture partner Verily Life Sciences, an Alphabet company. The joint venture for the development of surgical robotic systems was […]