Articles tagged with #tech industry

Meta Stock Soars on AI Hopes Despite Capital Expenditure Concerns Meta Platforms Inc., the parent company of Facebook, Instagram, and WhatsApp, experienced a significant surge in its stock price despite concerns over its capital expenditure. The company's AI-focused initiatives have generated invest...

Taiwan Semiconductor Manufacturing Company Limited (TSMC) has reached a fever pitch in the world of artificial intelligence, with shares surging to an all-time high of $302.89. The chipmaker's crucial position in the global supply chain has investors betting big on its future, with a 16.8% gain in t...

Amazon's latest round of layoffs has sent shockwaves through the tech industry, with the company planning to cut up to 15% of its human resources staff. The move is part of a broader effort by CEO Andy Jassy to streamline operations and invest heavily in artificial intelligence. As reported by Fortu...