TSMC (NYSE:TSM): Buffett’s Berkshire Hathaway sold 86% of its TSMC holdings in Q4.
TSMC (NYSE:TSM): Buffett’s Berkshire Hathaway sold 86% of its TSMC holdings in Q4 Read Post »
Palantir Technologies (NYSE:PLTR) had Q4 2022 EPS of $0.04 versus analyst expectations of $0.029. Fourth-quarter revenue was $508.6 million, compared with analysts’ expectations of $522.2 million. Adjusted EBITDA for the fourth quarter was $121.6 million, versus analysts’ expectations of $86.4 million. Adjusted operating profit for the fourth quarter was 22% and adjusted free cash flow was $75.8 million. First-quarter revenue is expected to be $503-$507 million, compared with analysts’ expectations of $522.2 million.
Micron Technology (NASDAQ:MU) said its board committee approved a reduction in the annual base salary of some executives in fiscal year 2023 and the suspension of bonuses for all executives. The pay cut will expose CEO Sanjay Mehrotra to a 20 percent pay cut, with a 15 percent cut for the executive vice president and a 10 percent cut for the senior vice president.
ON Semiconductor has completed the acquisition of Globalfoundries Inc.’s 300mm East Fishkill New York plant and manufacturing facility. The transaction adds more than 1,000 world-class technicians and engineers to ON Semiconductor and is part of the company’s fab restructuring around the world.
UBS analyst Lloyd Walmsley told investors in a research note that Alphabet’s (NASDAQ:GOOGL) “Google Paris Live” event was disappointing because Google failed to respond directly to Microsoft’s integration of ChatGPT into Bing Search, which fully shows Google’s current dilemma. UBS said Google could launch a robust product in generative AI and augment existing products with its leading technology, but may need more training before expanding its model broadly.
UBS: Maintain Alphabet (NASDAQ:GOOGL) Buy rating with a $120 price target Read Post »
TSMC (NYSE:TSM) announced that sales revenue in January 2023 was approximately NT$200.05 billion, up 3.9% month-on-month and 16.2% year-on-year.
According to a person with direct knowledge of the matter, Microsoft (NASDAQ:MSFT) has disbanded the four-month-old metaverse application team that aims to help customers use the metaverse in an industrial setting. The person said that all about 100 employees of the team have been laid off.
Microsoft (NASDAQ:MSFT) has disbanded the Industrial Metaverse Applications team Read Post »
According to a report by Jefferies, Microsoft (NASDAQ:MSFT) uses OpenAI’s next-generation language model to release artificial intelligence updates to search engines Bing and Edge, and it is expected that search improvements will help long-term advertising revenue. However, the bank mentioned that it will take time to push users to use Bing again, and Microsoft needs to pry advertisers away from Google, so it only regards such updates as the tip of the iceberg of the group’s artificial intelligence capabilities, and believes that there will be the greatest opportunity in enterprise applications. Jefferies raised its price target on Microsoft to $310 from $275 and maintained its Buy rating.
Jefferies: Raised Microsoft’s (NASDAQ:MSFT) price target to $310 with a Buy rating Read Post »
Snap (NYSE:SNAP) said its “internal forecast” is that revenue will decline 2% to 10% in the first quarter of 2023, significantly lower than the market expectation of 1.48% year-over-year growth, which is also the first time Snap has predicted a decline in quarterly results.
January 31, 2023 — Western Digital Corp. (Nasdaq: WDC) today reported fiscal second quarter 2023 financial results. Western Digital (NASDAQ: WDC) Revenue for Q2 2023 was $3.11 billion, down 35.71% year-over-year。 reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.34), RTT News reports. Western Digital had a positive return on equity of 5.78% and a negative net margin of 0.59%. The business had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.97 billion. Fiscal Second Quarter 2023 Financial Results Second quarter revenue was $3.11 billion, at the high end of the guidance range. Second quarter GAAP earnings per share (EPS) was $(1.40) and Non-GAAP EPS was $(0.42), which includes $100 million of underutilization related charges in HDD. Second quarter GAAP operating loss was $321 million and Non-GAAP operating loss was $119 million. Expect fiscal third quarter 2023 revenue
JPMorgan Chase: Raised Microsoft’s (NASDAQ:MSFT) price target to $305 from $265。
JPMorgan Chase: Raised Microsoft’s (NASDAQ:MSFT) price target to $305 from $265 Read Post »
Microsoft announced on Tuesday that it has launched the latest versions of the Bing (Bing) search engine and Edge browser supported by ChatGPT. Microsoft’s CEO said that “search engines have ushered in a new era.” Microsoft says Bing is built on a new next-generation large-scale language model that is more powerful than ChatGPT and can help it use its network knowledge to intelligently interface with OpenAI’s technology. The new chatbot in Bing can help users refine their queries and can draft and translate messages, rewrite computer code, and more. Microsoft said the company will target search results that track chatbots to address concerns that it will fabricate information. Microsoft says it wants to bring the Bing experience to all browsers, not just Edge. The company expects more advertising revenue from the increase in Bing users. The new version of Bing goes live today, but the preview is limited. The company
Microsoft officially introduced ChatGPT to the Bing search engine to usher in a new era Read Post »