Technology

Credit: Image by Yahoo via YAHOO NEWS Marvell Technology Faces Historic Plunge Amid Disappointing AI Forecast (Bloomberg) — Marvell Technology Inc. experienced a significant decline in late trading, marking its worst drop since 2001. The company’s revenue forecast fell short of expectations, disappointing investors who anticipated a more substantial return from the booming AI sector….

Credit: Image by Yahoo via YAHOO NEWS OpenAI and Oracle’s Ambitious Stargate Data Center Project (Bloomberg) — OpenAI and Oracle Corp. are gearing up to fill a massive new data center in Texas with tens of thousands of powerful AI chips from Nvidia Corp. in the coming months. This initiative is part of their ambitious…

Credit: Image by Yahoo via YAHOO NEWS Nvidia’s Tech Leader Urges Young Engineers to Master Two Essential Skills for Success In a rapidly evolving tech landscape, Nvidia’s technical leader has shared crucial insights for young software engineers aiming to thrive in today’s competitive job market. Following the post-COVID tech pullback, many companies have tightened their…

Credit: Image by Yahoo via YAHOO NEWS Nvidia Stock Faces Turbulence: What the Charts Reveal Amid Ongoing Sell-Off In the ever-evolving landscape of technology stocks, Nvidia has been a focal point for investors. Despite recent sell-offs, industry experts remain cautiously optimistic about the company’s future. Rich Ross, head of technical analysis at Evercore ISI, expressed…

Credit: Image by Yahoo via YAHOO NEWS Nvidia Stock Plummets Amid Investor Concerns Over AI Demand The recent downturn in Nvidia’s stock has raised alarms among investors, with shares of the AI chipmaking giant plunging nearly 13% year-to-date. This decline marks Nvidia’s worst monthly performance since July 2022, as the company grapples with a confluence…

Credit: Image by Yahoo via YAHOO NEWS Alibaba’s AI Model Launch Fuels Stock Surge Alibaba’s stock experienced a remarkable surge on Thursday, following the public release of its latest artificial intelligence model, the QwQ-32B. This development signifies that the excitement surrounding Chinese tech stocks is far from over. The e-commerce giant’s shares in Hong Kong…

Credit: Image by Yahoo via YAHOO NEWS Midland Crude Prices Plummet Amid Weak Refinery and Export Demand HOUSTON (Reuters) – The oil market is experiencing significant shifts as the price spread between WTI Midland crude in West Texas and Houston narrows, driven by cold weather impacts on Permian production and a decline in refinery and…

Credit: Image by Yahoo via YAHOO NEWS Corning Partners with U.S. Solar Manufacturers for All-American Solar Panels (Reuters) – In a groundbreaking move for the solar industry, technology giant Corning has announced a partnership with U.S. solar manufacturers Suniva and Heliene to produce the first solar panel entirely composed of American-made components. This significant collaboration,…

Credit: Image by Yahoo via YAHOO NEWS Thyssenkrupp Announces Job Cuts Amid Automotive Sector Struggles FRANKFURT (Reuters) – In a significant move reflecting the ongoing challenges in the automotive industry, Thyssenkrupp has announced plans to cut approximately 1,800 jobs. This decision comes as the German conglomerate grapples with prolonged weakness in the car sector it…

Credit: Image by Yahoo via YAHOO NEWS Venture Global Raises Plaquemines LNG Project Cost by $2 Billion (Reuters) – Venture Global has announced a significant increase in the projected cost of its Plaquemines LNG plant in Louisiana, now estimating the total expenses to be around $2 billion higher than previously forecasted. This adjustment brings the…