Earnings - CybAI news

10 Nov

Sony has sold 65 million PS5s

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Just after launching the PlayStation 5 Pro, Sony revealed that it has sold 65.5 million PlayStation 5s as of the end of Q2 2024. While sales of the console dropped 1.1 million units from the same period last year (and are down 2 million units total in 2024), this was more than offset by game sales of 77.7 million units, up 14.9 percent from Q2 2023. Sony's monthly active PlayStation Network users remained at 116 million despite a big price bump late last year.The net result? Revenue climbed by 9 percent and operating profit rose by a stellar 73 percent…

31 Oct

Meta’s Next Llama AI Models Are Training on a GPU Cluster ‘Bigger Than Anything’ Else

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Managing such a gargantuan array of chips to develop Llama 4 is likely to present unique engineering challenges and require vast amounts of energy. Meta executives on Wednesday sidestepped an analyst question about energy access constraints in parts of the US that have hampered companies’ efforts to develop more powerful AI.According to one estimate, a cluster of 100,000 H100 chips would require 150 megawatts of power. The largest national lab supercomputer in the United States, El Capitan, by contrast requires 30 megawatts of power. Meta expects to spend as much as $40 billion in capital this year to furnish data…

24 Oct

Tesla says it will ‘begin launching’ new and more affordable EVs next year

stp2y0 CommentsNewscars, cheaper, Earnings, electric vehicle, EVs, finance, gear, more affordable, news, tesla, vehicles

One of Tesla’s biggest downsides has always been the upfront cost of its electric vehicles versus gas models. The cheapest car it currently sells is $42,490 before subsidies, and the average starting price of its 2024 models is just over $63,000.Tesla wrote in its that it’s making “preparations” to offer new vehicles with “more affordable models.” The EV maker’s cost of goods sold per vehicle also came down to “its lowest level ever” at $35,1000.“Plans for new vehicles, including more affordable models, remain on track for start of production in the first half of 2025,” the report reads. “These vehicles…

19 Aug

South Africa’s MTN Has First Loss in Eight Years on Naira Slump

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MTN Group Ltd., Africa’s biggest wireless carrier by revenue, posted its first loss since 2016 after the devaluation of the Nigerian naira crimped income from one of its key markets.The group reported a loss of 7.39 billion rand ($414.7 million) in the six months through June, compared with 4.14 billion rand profit a year earlier. The loss is MTN’s first since it had to pay a more than $1 billion fine imposed on the company by the Nigerian government. Source link lol

19 Aug

As Tech Stocks Rebound, High Hedging Costs Indicate Skepticism

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The recent rebound in US tech stocks isn’t convincing options traders just yet. While the shares have led market gains since a meltdown earlier this month, the cost of contracts hedging against volatility in the largest exchange-traded fund tracking the Nasdaq 100 Index remains high relative to contracts on the SPDR S&P 500 ETF Trust. Source link lol

17 Aug

Ericsson Reaches $1 Billion Deal to Sell US Firm to Koch Unit

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Swedish telecom-equipment maker Ericsson AB reached a $1 billion deal to sell its US call-routing business Iconectiv to a private investment arm of Koch Industries Inc.Ericsson expects to get about 10.6 billion kronor ($1 billion) in cash after taxes, transaction expenses and other liabilities as part of the takeover by Koch Equity Development, the company said in a statement late Friday. The deal is expected to close in the first half of 2025 and result in one-time earnings of about 8.8 billion kronor. Source link lol

16 Aug

Uber Raised to Investment-Grade by S&P on Earnings Growth

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S&P Global Ratings upgraded Uber Technologies Inc.’s credit ratings to investment-grade status on Friday, citing the ride-hailing and food-delivery company’s consistent earnings growth.Uber’s main bond ratings were upgraded to BBB-, the lowest investment-grade level, from BB+, the highest junk grade, S&P said in a statementBloomberg Terminal. Investment-grade credit ratings can translate to lower borrowing costs for a company, because a wider array of investors are eligible to buy high-grade securities. Source link lol

16 Aug

SoftBank Is Picking Stock Winners in India’s Red-Hot IPO Market

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India’s hot market for share sales is delivering wins for Japanese technology investor SoftBank Group Corp., whose own stock has taken a hit from disappointing earnings and a reality check on artificial intelligence.Three firms backed by SoftBank have made solid Mumbai debuts in the past week. Shares of e-scooter maker Ola Electric Mobility Ltd., the biggest of the initial public offerings, have surged more than 60%. Software maker Unicommerce eSolutions Ltd.’s shares are already up more than 80% while baby-products retailer Brainbees Solutions Ltd.’s have gained about 40%. Source link lol

16 Aug

Chinese Tech Stocks Rally as JD.com Spurs Earnings Optimism

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Chinese technology stocks gained as resilient earnings from major e-commerce firms helped soothe concerns over weak consumption. The Hang Seng Tech Index rose as much as 2.2%, poised for its best day in August. JD.com Inc. contributed to about a third of the index’s gains after shares jumped more than 9% following a strong profit beat. Alibaba Group Holding Ltd. rose over 4% as traders focused on positive elements of its mixed results. Source link lol

16 Aug

Geely, Xpeng, Xiaomi Boosted by Strong Vehicle Sales Amid Threats From EU Tariffs

stp2y0 CommentsRAG modelsadvertising, artificial intelligence, china, China Renminbi Spot, Earnings, Economic Growth, europe, GEELY AUTOMOBILE HOLDINGS LT, Markets, NETEASE INC-ADR, Technology, XIAOMI CORP-CLASS B

Chinese automakers including Xpeng Inc., Geely Automobile Holdings Ltd. and Xiaomi Corp. should all report higher vehicle sales, though challenges remain as competition heats up and the European Union moves ahead with tariffs.The EU is hiking tariffs on EVs made in China by as much as 48%, citing subsidies that harm the bloc’s carmakers that have been struggling to keep up with China’s new generation of green car manufacturers. Chinese EV makers including Geely are responding by working with European partners to bypass tariffs. Source link lol