Oracle shares soar 13% on better-than-expected quarterly earnings
Oracle reported quarterly earnings on Monday that exceeded Wall Street's expectations. Shares rose 13% in extended trading.
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Oracle reported quarterly earnings on Monday that exceeded Wall Street's expectations. Shares rose 13% in extended trading.
Apple has approved Epic Games' developer account in Sweden, which will allow the company to offer a competing app store on iPhones in Europe under a new antitrust regulation, the Digital Markets Act.
Apple has rejected Epic Games' application for a developer account it would use to launch an app store for iPhones in Europe, Epic CEO Tim Sweeney said Wednesday.
Apple CEO Tim Cook said Wednesday that his company is pouring money into artificial intelligence, one of the strongest signals yet that the iPhone maker is embracing the generative AI craze that's consumed the tech industry.
Apple will wind down its team working on electric cars, called Special Projects Group, according to Bloomberg.
Federal Trade Commission Chair Lina Khan cited the surging stock prices of Nvidia and Arm as an example of how blocking mergers can lead to increased innovation.
Nvidia is scheduled to announce fiscal fourth-quarter earnings after the bell Wednesday in a highly anticipated report that will give Wall Street a sense of how long the AI boom can last.
When Nvidia reports fiscal fourth-quarter earnings after the market close Wednesday, it will do so as the world's third most valuable public company. Investors are giving the company little margin for error.