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AI PRODUCTS REVENUE SURGE
Foxconn posts highest-ever monthly revenue in October, up 45.73 pc YoY on AI demandAccording to the company's unaudited monthly revenue report released on Thursday, October revenue increased 12.66 per cent from NT$1.159 tr...- GPU bidding norms eased; Lenskart CEO on profitabilityHappy Thursday! Govt has lowered entry barriers for GPU bidders, but pricing concerns remain. This and more in today’s ETtech Morning Dispa...
- Story TV parent Eloelo raises $80 million from Hornbill, NBCUniversalThe funding follows a surge in Story TV’s business, which has helped lift annualised collections more than tenfold to around $250 million o...
- Lenskart, Nykaa, PhysicsWallah see Q2 profits surgeNew-age companies Nykaa, Lenskart, and PhysicsWallah reported strong numbers for the September quarter. This and more in today’s ETtech Top...
- From enterprises to SMBs: How Flashfox AI plans to change the hiring gameGetWork’s AI hiring business, now spun off as Flashfox AI, is targeting 500 enterprise clients in the next 24 months as it expands into Sou...
- AMD forecasts quarterly revenue above estimates as data-center growth acceleratesThe company, which nearly doubled its data-center revenue in the third quarter, is benefiting as a shift in AI workloads toward running mod...
- AI deployment accelerating, but enterprises becoming more discerning: Freshworks CEO Dennis WoodsideThe Nasdaq-listed software-as-a-service (SaaS) company reported a 14% year-on-year increase in revenue to $245.4 million for the July-Septe...
- AMD forecasts fourth-quarter revenue above estimates on strong AI chip demandAdvanced Micro Devices estimates its fourth-quarter revenue will hit about $17 billion, driven primarily by robust demand for AI chips. Alt...
- China's 'Lipstick King' touts AI tokens in first for Singles' Day festivalThe launch is the first time AI token packages have been offered as a significant consumer product category during Singles' Day, the world'...
- Apple Q4 results beat estimates as iPhone 18 Pro demand, price hikes offset rising chip costsApple reported better-than-expected Q4 revenue of $114.48 billion and earnings of $2.10 per share, driven by strong iPhone 18 Pro demand an...
- Anthropic revenue jumps 1,100% ahead of IPO as AI spending commitments near $900 billionAnthropic reported a 1,100% surge in third quarter revenue to $17 billion ahead of its planned IPO later this month. However, the AI compan...
- Fintechs fortify cyber defences; Logistics cos in the speed laneHappy Monday! Fintechs are stepping up security as AI-powered cyberattacks become more sophisticated. This and more in today’s ETtech Morni...
- Explained: Why AI giants Google, Amazon, Intel shares crashed up to 23% in a single dayShares of Alphabet, Amazon and Intel plunged on Thursday as investors fretted over rising AI spending, weakening cash flows and a subdued o...
- Intel Stock crashes 21% despite earnings beat: Why is Wall Street worried about INTC’s Q4 outlook?Intel stock (INTC) plunged more than 21% in after-hours trading after its third-quarter earnings report revealed a weaker-than-expected fou...
- Google shares crash 13% after $9 billion cash burn sparks AI spending fearsAlphabet shares crashed 13% as third-quarter earnings missed expectations due to heavy AI spending and slowing search ad growth. Net profit...
- Google's Nvidia chip challenge boosts cloud sales, crimps cash flowThe trade-off, outlined by finance chief Anat Ashkenazi on Alphabet's post-earnings call on Wednesday, offers an early look at the costs of...
- Dean of valuation Aswath Damodaran pegs Anthropic's worth at $1.475 trillion ahead of mega IPOAswath Damodaran values Anthropic at $1.475 trillion ahead of its anticipated IPO, but warns that compute costs, slowing revenue growth, an...
- Global Market: Samsung Electronics posts record $80.5 billion quarterly operating profit on AI chip boomSamsung Electronics reported record quarterly operating profit of 107.4 trillion won, driven by surging AI memory chip demand. Despite stro...
- Samsung keeps shattering profit records as AI boom lifts chip demandRevenue for the July-September period rose to an all-time high at 195.3 trillion won (USD 146 billion), marking the company's fourth straig...
- IT firms navigate peak pessimism by prioritising growth in stable Q2Analysts said that artificial intelligence (AI) is becoming a significant revenue driver for the majority of Indian IT companies. However, ...
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