Samuel Nwite
AUTHOR: Samuel Nwite
Oracle Raises 2027 Outlook, Shares Jump 7% as AI Cloud Boom Drives Record Backlog...
Oracle shares jumped about 7% in after-hours trading Thursday after the cloud services provider reported stronger-than-expected first-quarter results, powered by triple-digit growth in its...
China’s AI Chipmakers Reportedly Raise Prices as HBM Shortage Drives Up Costs
Chinese AI chipmakers, including Huawei Technologies and Cambricon, have sharply raised prices for current and next-generation processors as soaring costs for high-bandwidth memory squeeze...
Trump’s $5,000 Election Dividend Faces $1.35tn Cost, Vote-buying Allegations and Legality Questions
President Donald Trump’s promise to pay every adult American $5,000 if Republicans retain control of both chambers of Congress in November is facing immediate...
TSMC Posts Record August Revenue as AI Chip Demand Drives 53% Surge
Taiwan Semiconductor Manufacturing Co. posted record monthly revenue in August as demand for chips powering artificial intelligence systems continued to surge, providing another indication...
Coinbase Sees Clarity Act Passage As Regulatory Turning Point As Trading Revenue Weakens
Coinbase CEO Brian Armstrong expects the U.S. Senate to approve the Clarity Act, arguing that broad support across the crypto industry, parts of the...