Shares of Dell Technologies experienced a significant drop of more than 16% on Friday following the release of its fiscal first-quarter results. Despite beating analysts’ expectations and providing positive guidance, investors seemed discouraged by the company’s lower-than-expected artificial intelligence server backlog and anticipated decline in margins. Dell reported revenues of $22.24 billion for the period,
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Salesforce’s recent stock tumble of 20% marks its worst day in nearly two decades, following a first-quarter report that missed Wall Street’s revenue estimates for the first time since 2006. The company’s revenue of $9.13 billion fell short of expectations, leading to concerns about its future performance. Additionally, the lighter-than-expected guidance for the second quarter
PDD Holdings has successfully positioned itself as a value-for-money marketplace in China’s competitive e-commerce sector. The company’s emphasis on affordability and growth of its Temu marketplace have propelled it to become the most valuable player in the country’s e-commerce segment. With stellar first-quarter results that exceeded expectations, PDD has seen a remarkable surge in its
The recent sentencing of Ryan Salame, a former top lieutenant of FTX founder Sam Bankman-Fried, to 90 months in prison has sent shockwaves through the financial and political world. Salame pleaded guilty to conspiracy to make unlawful political contributions, defraud the Federal Election Commission, and conspiracy to operate an unlicensed money-transmitting business. This marks a
Jan Leike, a prominent safety researcher at OpenAI, recently announced his resignation from the company to join rival AI startup Anthropic. This move comes shortly after the dissolution of the superalignment group that he co-led at OpenAI, signaling a shift in focus towards new challenges in the AI landscape. Leike’s decision to join Anthropic underscores