Alibaba has recently wrapped up a three-year regulatory “rectification” process imposed by China’s market regulator following an antitrust fine for monopolistic practices in 2021. This significant development has led to a positive response from investors, with Alibaba’s shares rising more than 3% in Friday morning trading. China’s State Administration for Market Regulation (SAMR) has been
Enterprise
Dell recently reported its quarterly results, showcasing strong performance that exceeded Wall Street expectations. A significant highlight was the 80% increase in server sales, which contributed to the company’s revenue of $25.03 billion, surpassing the $24.53 billion expected by analysts. The EPS also outperformed predictions, coming in at $1.89 adjusted, compared to the expected $1.71.
The recent second-quarter results of the U.S. chip darling Nvidia have had a significant impact on tech and chip-related stocks in Asia. The repercussions of Nvidia’s performance have been felt in the key markets of the region, leading to a decline in the stocks of companies directly linked to the U.S. tech giant. One of
Elon Musk’s artificial intelligence startup, xAI, has come under fire for using natural gas burning turbines without a permit at its new data center in Memphis, Tennessee. While xAI had announced its new facility back in June after raising a significant amount of capital, it neglected to obtain the necessary permits to operate the turbines.
The rise of artificial intelligence has resulted in an increased demand for powerful processors and sustainable cooling solutions in data centers. One company, Sustainable Metal Cloud, is leading the charge with its innovative “sustainable AI factories” in Singapore and Australia. By utilizing immersion cooling technology with synthetic oil, Sustainable Metal Cloud aims to revolutionize the
Meta recently announced that they had blocked a “small cluster” of WhatsApp accounts connected to an Iranian hacking group. These accounts were targeting officials associated with both President Joe Biden and former President Donald Trump. The company revealed that the accounts were linked to the Iranian threat actor known as APT42, previously described by Google
In light of the recent faulty CrowdStrike software update that caused chaos for millions of Windows users in July, Microsoft has announced plans to host a cybersecurity conference in September. The conference aims to bring together cybersecurity firms to discuss ways the industry can evolve and prevent similar issues in the future. The faulty CrowdStrike
Workday, a finance and human resources software maker, experienced a significant surge in its shares by 12% following the release of its fiscal second-quarter results. The company’s performance exceeded analysts’ expectations, with reported earnings per share of $1.75 adjusted, compared to the expected $1.65. Additionally, its revenue of $2.085 billion surpassed the anticipated $2.071 billion.
Snowflake, a data cloud analytics company, recently released its fiscal second-quarter 2025 earnings, reporting $869 million in revenue. This figure surpassed the $851 million expected by analysts, showing strong performance in terms of top-line growth. However, despite beating Wall Street’s estimates, Snowflake experienced decelerating product revenue growth compared to previous quarters. The company reported $829.3
The recent decision by the European Union to lower import duties on electric vehicle manufacturers, including Tesla, has sparked a strong reaction from the Chinese government. The Ministry of Commerce has criticized the EU’s probe into China’s subsidies for the electric vehicle industry, accusing the bloc of unfair competition and pre-conceived conclusions. This response signifies