Major technology companies report tangible gains thanks to AI, paving the way for more share price upside for one leading AI company.The latest earnings season turned out to be a terrific one for technology giants, as several reap the rewards for their investment in artificial intelligence (AI) technology.Of course, there have been concerns whether the massive amount of money big tech companies are pouring into AI is justified, with investors questioning the potential returns that they can generate from the ...

TMC The Metals Company may have an answer to a worldwide scarcity of metals. If its solution gets regulatory approval, this stock will take off.The world wants more data centers and electric cars. To build them, it needs materials like copper, nickel, cobalt, and manganese. Most of these metals come from mines that not only tear through forests and leave toxic tailings, but are also very expensive to build and maintain.TMC The Metals Company (TMC +7.37%) is pitching a different way to obtain these metals. I ...

Nvidia's sterling armor was dented this month. After years of meteoric success, the chipmaker and its CEO Jensen Huang have increasingly found themselves playing defense — an unusual position for the company.Nvidia headed into the month with its stock price at an all-time high, bolstered by increasing AI spending from some of its major Big Tech customers like Meta, Microsoft, and Google. Huang was hot off of Nvidia's GTC conference in Washington, where he dismissed any concerns of an AI bubble and sounded ...

Hong Kong's insurance sector is expected to face record claims of HK$2.6 billion (US$334 million) related to the deadly fire in Tai Po, the worst in seven decades that claimed 55 lives and seriously damaged seven buildings, according to industry insiders. The fire would lead to a surge in insurance payments for personal and property coverage in the coming year, they said. The Insurance Authority on Thursday set up a special task force led by senior executives to ensure all insurance companies sped up the ...

Chinese onshore investor frenzy for artificial intelligence chips has intensified, with the initial public offering (IPO) of Beijing-based graphics processing unit (GPU) maker Moore Threads drawing more than 4,000 times subscription from retail investors this week. The red-hot demand for Moore Threads highlights China's determination to build home-grown alternatives to Nvidia's chips, and is expected to accelerate listing plans for other domestic GPU developers, from MetaX to Biren Technology. Cambricon ...

China’s demand for liquefied natural gas is on course for yet another annual decline this year, estimates from BloombergNEF suggest. The outlet expects Chinese LNG demand to be 5% weaker this year than last, at 73 million tons. Such a development would dethrone China as the largest LNG importer in the world, with the dubious import-dependence crown going to Japan. The BloombergNEF forecast follows reports earlier this week that revealed China’s LNG imports have been on the decline for 13 months straight. ...

Chinese tech giant Baidu (BIDU, 9888.HK) is cutting an undisclosed number of jobs across major divisions and restructuring artificial intelligence teams, as the company moves to streamline operations following a loss-making quarter, according to multiple sources. Baidu has axed staff in Beijing, Shanghai and Guangzhou, affecting multiple major business units from its mobile ecosystem group, which includes its bread-and-butter search business, to intelligent cloud and technology platform groups, according ...

There's no way of fixing a flawed business premise.Never let it be said that Opendoor Technologies (OPEN +0.52%) stock doesn't keep things interesting. From 2021's post-IPO peak of more than $34, to this July's low of less than $1, back to its current price of nearly $8 apiece, shares of this real estate sales-listing platform have been all over the map.The latest drama? Short-sellers are selling into the recent recovery, arguing that the meme stock's run-up is rooted in misguided hopes that an actual profi ...

UBS has warned of greater market volatility next year, citing risks ranging from weaker-than-expected artificial intelligence revenue to geopolitical tensions, but the Swiss investment bank remains bullish about Chinese technology shares and gold. UBS identified five major market risks for next year: economic weakness, a resurgence of inflation, government debts, renewed US-China conflicts, and disappointing returns from AI after three years of heavy investment. "One point that we can be very sure of is ...

Intesa Sanpaolo CEO Carlo Messina urged Italy's government not to single out banks with excessive tax rises on Thursday, stressing the support they provide in buying public debt. ...