tech

The ongoing quarterly earnings season is witnessing a long-awaited recovery in companies that were previously overshadowed by the AI boom. What Happened: A shift in profit growth within the S&P 500 Index. The Magnificent Seven, a group of seven large tech companies, have been the primary...

Intel Corp (NASDAQ:INTC) recently announced plans to slash jobs in an effort to drive cost savings across its business. Here’s a look at just how much Intel was paying its employees and how it compares to other tech giants. What To Know: Intel and other big tech companies rarely share salary...

Robert Blumofe, the Chief Technology Officer of web security firm Akamai, expressed concerns about the future of the internet. He compared the current state of the web to the aerospace industry in the 1960s, suggesting that we might be heading for a period of stagnation. What Happened: Blumofe said...

In an age where technology shapes every part of our lives, the real estate industry, like most industries, stands on the verge of transformation in 2024. Benzinga’s upcoming virtual event, Unlocking Real Estate Riches: Property Prosperity in the Digital Era, at 11 a.m. EST on Thursday,...

Intel Corporation (NASDAQ:INTC) is reportedly in discussions with the Biden administration to receive over $10 billion in subsidies.  This potential funding marks the largest allocation under a plan to revive semiconductor manufacturing in the United States, Bloomberg reported,...

In a strategic move to invest in generative artificial intelligence (AI), major tech companies have collectively cut 34,000 jobs since the beginning of 2024. What Happened: Companies such as Microsoft Corp (NASDAQ:MSFT), Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG), PayPal Holdings Inc (NASDAQ:PYPL),...

At the ‘Future of Food: Agriculture & Culinary Innovation’ virtual event, Arik Kaufman, CEO of Steakholder Foods, stood out with his ambitious goal for the future of sustainable food through the lens of 3D-printed, plant-based meats. His session not only shed light on the...

It’s no secret that Artificial Intelligence (AI) has been booming in the business and investment world. From streamlining processes to enhancing efficiency, AI has proven to be a valuable asset in many industries. The upcoming virtual event, AI Revolution: 2024 Portfolio Building, on Thursday...

U.S. stocks showed a positive trend on Wednesday. The Dow Jones index rose by approximately 184 points, marking an increase of 0.5% to 35,273.03. Similarly, the NASDAQ index climbed 0.46% to 14,265.86, while the S&P 500 also experienced growth, gaining 0.41% to 4,556.62. This upward movement in...

U.S. mega tech stocks ended another remarkable session on Monday, with NVIDIA Corp. (NASDAQ:NVDA) and Microsoft Corp. (NASDAQ:MSFT) closing at record highs. The NASDAQ 100 Index, as reflected by the Invesco QQQ Trust (NASDAQ:QQQ), climbed 1.2%, nearing its November 2021 peak. Chart: Nvidia And...

The tech-heavy Nasdaq 100 Index just concluded its most challenging session of 2023, shedding 2.5% on the day. The last time the Nasdaq 100 endured such a notably negative daily performance was in mid-December 2022 when it experienced a 3.3% dip. Since reaching its annual peak on July 18, the...

The relative value of small-cap stocks compared to that of large-cap stocks is trading at its lowest point in over two decades. As the chart below shows, the price ratio between the iShares Russell 2000 ETF (NYSE:IWM) and the SPDR S&P 500 ETF Trust (NYSE:SPY) is at its lowest level since...

Energy stocks have remarkably outperformed their tech counterparts over the past three months. The driving force behind this surge? A resounding oil rally. WTI-graded crude oil has experienced a remarkable ascent of over 30% since mid-June. This dramatic increase can be attributed to a combination...

Goldman Sachs’ equity strategists team led by Peter Oppenheimer recently unveiled a thought-provoking analysis titled “Why AI is not a bubble,” stating that the new technology is still in its infancy and has the potential to continue outperforming other markets in the future. This...

This week in the AI sector, we’ve seen significant moves from tech giants like Meta Platforms Inc., Microsoft Corporation (NASDAQ:MSFT), and Alphabet Inc. (NASDAQ:GOOG). From new privacy settings to innovative product patents and tools to spot AI-generated photos, the landscape is evolving...