CoreWeave signs $4 billion cloud deal with OpenAI, shares riseCoreWeave executives had said on a post-earnings call on Wednesday that they had signed an expansion deal without naming the company. They ...
16 May, 2025, 07.54 AM IST
CoreWeave's shares slip after it unveils AI spending plans in first results since IPOCoreWeave shares fell over 5% premarket after revealing $3–3.5 billion in Q2 capital spending to meet soaring AI demand, despite projecting...
15 May, 2025, 06.47 PM IST
Netflix stock crashes, erasing $40 billion in market cap as investor panic grows over slowing subscriber growthNetflix shares fell significantly amid concerns over slowing subscriber growth. The market value of the company decreased by about $40 bill...
10 Mar, 2025, 07.38 PM IST
Apple stock gets a rare Sell rating from an analyst; here's the reason he gave for downgrading the world's largest company from NeutralApple's stock has suddenly seen itself getting marked in red, as a top market expert has suddenly claimed that the top Silicon Valley shoul...
10 Jan, 2025, 12.57 AM IST
Tech giants are set to spend $200 billion this year chasing AIWall Street recently criticised major tech firms for their AI spending, but Amazon, Microsoft, Meta, and Alphabet plan to invest even more,...
02 Nov, 2024, 12.50 AM IST
Digital ad sellers jump as Google, Reddit and Snap earnings indicate sturdy demandThe three companies were set to add more than $70 billion combined to their market capitalizations. Shares of Alphabet rose 6% in premarket...
31 Oct, 2024, 01.44 PM IST
Amazon shares fall 10% on slowing sales growth, ‘value-conscious customer’Shares of Amazon.com fell nearly 10% on Friday after the company reported slowing online sales growth in the second quarter and said consum...
02 Aug, 2024, 07.49 PM IST
Paramount Global owner calls off merger talks with Skydance MediaNational Amusements ends talks on Paramount-Skydance merger, citing inability to reach terms. Concerns over Paramount's future due to debt ...
12 Jun, 2024, 07.07 AM IST
Roku tumbles 20% as stiff competition from heavyweights dents outlookRoku dropped nearly 20% on Friday after the streaming-service provider forecast a steeper-than-expected first-quarter loss, as it struggles...
16 Feb, 2024, 08.19 PM IST
Netflix emulates old-school cable TV playbook with addition of live sportsNetflix expands its investment in live programming with a $5 billion deal to acquire rights to broadcast live wrestling, including World Wr...
25 Jan, 2024, 09.55 AM IST
SVB Financial to sell its I-banking business to management teamThe group will acquire SVB Securities for a combination of cash, repayment of an intercompany note, assumption of certain liabilities and a...
19 Jun, 2023, 12.17 AM IST
Fox's settlement with Dominion Voting Systems over defamation charges unlikely to cost it $787.5 millionOn Tuesday, Fox settled with Dominion over charges that Fox News baselessly accused the company of rigging its voting machines against form...
23 Apr, 2023, 06.05 PM IST
SVB’s research unit expects business to continue as normalSVB became the biggest US lender to fail in more than a decade on Friday, after a tumultuous week that saw an unsuccessful attempt to raise...
12 Mar, 2023, 08.13 PM IST
Warner Bros Discovery shares fall as ad woes weighThe company's networks business, which includes channels like HGTV, Discovery Channel and TLC, took a hit as brands cut their advertising b...
24 Feb, 2023, 07.41 PM IST
Disney's new CEO Bob Iger may have to cut costs as streaming loses moneyDisney shocked investors late on Sunday evening by announcing the ouster of CEO Bob Chapek and appointing Iger, 71, to a two-year contract ...
22 Nov, 2022, 10.31 AM IST
Big tech ad revenue growth to taper as pandemic bubble pops: analyst reportWhile the companies have warned of pressure from inflation, the Ukraine war and the end of a Covid-induced lift to advertising, the report ...
27 May, 2022, 08.57 AM IST
Megahit "Squid Game" puts focus squarely on Netflix's overseas growthWith a 111 million-strong fan base in just 27 days after its release, the low-cost survival drama has become Netflix's biggest original sho...
19 Oct, 2021, 10.42 AM IST