What’s Going On With Taiwan Semiconductor Stock On Wednesday?
TSMC plays crucial role as Chinese AI firms face U.S. sanctions. China's dependency on TSMC highlighted, with two firms downgrading chip designs.
GM Promotes 2 Ex-Apple Execs To Lead Software Development
The two executives joined GM in September 2023 and played significant roles in laying the groundwork for advancing GM's vehicle software.
Tesla Analyst Warns Shareholders AI Investments Could Slow If Elon Musk Doesn’t Get 25% Voting Stake
Proxy advisory firms Glass Lewis and ISS have advised Tesla shareholders to vote against Musk's pay package.
Nvidia’s AI Muscle Propels Stock Past Apple To No. 2 Spot On SPY Holdings: What Investors Need To Know
As of Tuesday's close, Nvidia's $2.864 trillion market cap trails Apple's $2.98 trillion by just $116 billion.
eBay To Drop American Express As Payment Option Citing ‘Unacceptably High Fees’
eBay will notify its customers of the change this week.
Ford Again Defies Elon Musk’s ‘Tough Quarter’ Gloom As EV Sales Keep Surging After Q1 Boom
Ford sold a total of 8,966 EVs in the U.S. in May, marking a near 65% jump from 2023 when it sold just 5,444 units.
Exclusive: Apple Supplier’s Subsidiary Behind Supercomputer Donated To OpenAI Predicts AI Server Sales Tripling To Over $31B Next Year
Apple supplier Foxconn's subsidiary Ingrasys expects AI server revenue to triple in the next year, in line with Nvidia's Jensen Huang's prediction.
Giga Berlin To Break On 5 Days This Month As Tesla Rolls Out Efficiency Upgrades
This is the third production halt at Giga Berlin this year.
Siri’s AI Awakening? iOS 18 Promises iPhone Upgrade Apple Users Have Been Craving: What We Know So Far
The update is expected to overhaul Siri and introduce generative AI, with the majority of AI features operating on the device itself for those with the necessary hardware.
Cult Of Tesla Crumbling: Early ‘Die-Hard’ Backers Bail As Musk’s EV Empire Faces Reality Check Amid Stock Slump
Tesla's stock has lost roughly 30% this year and 58% since its November 2021 peak.