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Reuters Reuters
Apple set to lose nearly $500 billion in value after weak forecast

Apple set to lose nearly $500 billion in value after weak forecast

By Aditya Soni and Rashika Singh July 31 (Reuters) - Apple shares fell nearly 10% on Friday after a disappointing forecast showed that the iPhone maker was struggling to secure enough components as the AI-driven data center boom strains global supply chains.
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Embecta Corp. Faces Class Action Lawsuit Over Revenue Misrepresentation

Embecta Corp. Faces Class Action Lawsuit Over Revenue Misrepresentation

Embecta Corp. Faces Class Action Lawsuit Over Revenue Misrepresentation
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Alphabet and Reddit Experience Divergent Stock Movements Amid AI Developments

Alphabet and Reddit Experience Divergent Stock Movements Amid AI Developments

Alphabet and Reddit Experience Divergent Stock Movements Amid AI Developments
Reuters Reuters
Apple disappoints with forecast dogged by supply chain struggles

Apple disappoints with forecast dogged by supply chain struggles

By Stephen Nellis and Juby Babu SAN FRANCISCO, July 30 (Reuters) - Apple forecast sales for the current quarter ending in September would grow more slowly than Wall Street targeted as the iPhone maker struggled to get the parts it needed to deliver products, and shares fell 5.5% in after-hours trade
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Reddit Faces Stock Decline as AI Impacts User Growth

Reddit Faces Stock Decline as AI Impacts User Growth

Reddit Faces Stock Decline as AI Impacts User Growth
FactFable FactFable
No, Strong Apple Earnings Do Not Automatically Prove AI Is Driving Upgrades

No, Strong Apple Earnings Do Not Automatically Prove AI Is Driving Upgrades

While Apple's latest earnings are impressive, a closer look at the numbers reveals the growth isn't from an AI-driven upgrade supercycle—at least, not yet.
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Palantir's Profit Quadruples Amidst Stock Value Decline

Palantir's Profit Quadruples Amidst Stock Value Decline

Palantir's Profit Quadruples Amidst Stock Value Decline
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Reddit's Strong Quarter Overshadowed by AI Concerns

Reddit's Strong Quarter Overshadowed by AI Concerns

Reddit's Strong Quarter Overshadowed by AI Concerns
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Reddit Stock Plummets Amid Disappointing AI Deals and User Metrics

Reddit Stock Plummets Amid Disappointing AI Deals and User Metrics

Reddit Stock Plummets Amid Disappointing AI Deals and User Metrics
TheStreet TheStreet
Morgan Stanley says Bloom can withstand an Oracle project delay

Morgan Stanley says Bloom can withstand an Oracle project delay

Bloom’s raised forecast and wider backlog ease concerns about delays at Oracle’s Project Jupiter.
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Embecta Corp. Faces Securities Class Action Over Revenue Decline

Embecta Corp. Faces Securities Class Action Over Revenue Decline

Embecta Corp. Faces Securities Class Action Over Revenue Decline
Reuters Reuters
Microsoft says cash will keep flowing from AI, shares rise

Microsoft says cash will keep flowing from AI, shares rise

By Deborah Mary Sophia, Stephen Nellis and Aditya Soni July 29 (Reuters) - Microsoft on Wednesday said it expects to keep generating cash through its just-started fiscal 2027 and gave a capital expenditure forecast below Wall Street estimates after an accounting change for data center leases.