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2 minute read
  • News
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Why Nvidia’s Jensen Huang Won’t Slow Down: ‘…Everything Else Next To It Is Undesirable,’ Says CEO Of $2 Trillion Chip Empire

By Rounak Jain
May 20, 8:15 AM
Nvidia CEO Jensen Huang spilled the beans on why he still works despite being the 20th richest person in the world.

NVDA

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4 minute read
  • Equities
  • Large Cap
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What’s New In Consumer Tech World Last Week? News That You Should Know (May 12-May 19, 2024)

By Lekha Gupta
May 20, 7:31 AM
Chinese chipmakers make headway in producing high bandwidth memory semiconductors, Zuckerberg celebrates 40th birthday on superyacht, Google may revive Google Glass, and Musk expresses skepticism about OpenAI's AI model development.

AAPL

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2 minute read
  • Earnings
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Chinese EV Maker Li Auto Misses Q1 Revenue Expectations Despite Surging Vehicle Sales, Stock Tanks

By Anusuya Lahiri
May 20, 7:23 AM
Li Auto (LI) reported Q1 2024 revenue of $3.55B, missing analyst estimates. Net earnings per ADS also missed estimates. Vehicle sales and deliveries increased. Q2 outlook predicts $4.1B - $4.3B in revenue and 105K - 110K vehicle deliveries.

FTLS

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2 minute read
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Tesla Seat-Belt Scare Over? NHTSA Closes Year-Long Model X Probe After Recall Of Nearly 16K EVs

By Anan Ashraf
May 20, 7:04 AM
The complainants alleged that the front seat beats suddenly detached from the outboard lap pretensioner anchor while the vehicle was moving.

TSLA

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2 minute read
  • News
  • Tech

Tim Cook Feels China’s Homegrown Heat As Apple Slashes iPhone Prices Second Time This Year In Asian Nation

By Rounak Jain
May 20, 6:45 AM
Apple has offered a rare discount on iPhones for the second time this year in China amid growing competition from Huawei.

AAPL

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2 minute read
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Amazon CEO Andy Jassy Identifies The Most Crucial Skill For Success: ‘Embarrassing Amount’ Depends On This

By Benzinga Neuro
May 20, 6:32 AM
Jassy, who took over from Jeff Bezos in 2021, believes that a positive attitude is the key to success. He emphasized the importance of a positive mindset, especially in one's 20s, as it significantly impacts success.

AMZN

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2 minute read
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Facebook’s Early Employee Shares Experience Of Working With Meta CEO Mark Zuckerberg: ‘Hire Fast, Fire Faster’

By Rounak Jain
May 20, 6:27 AM
One of Facebook's early employees shared insights into Mark Zuckerberg's management style, revealing the CEO's stringent approach to talent management.

META

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2 minute read
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Nio, Xpeng Take Twice As Long As Tesla To Pay Suppliers: What’s Ailing Chinese EV Makers?

By Anan Ashraf
May 20, 5:35 AM
While Nio took around 295 days to clear its receipts as of the end of 2023, XPeng took 221 days, Bloomberg reported.

NIO

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2 minute read
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Will Tesla’s Robotaxi Have Competition? Fund Manager Gary Black On Why It ‘Seems Naive’ To Say ‘This Time Is Different’

By Shanthi Rexaline
May 20, 5:04 AM
"In the history of the auto industry, every successful technological innovation has been quickly copied by everyone else," he said.

BIDU

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2 minute read
  • News
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Elon Musk Wants Giga Texas Roof To Spell Out ‘TESLA’ Amid Solar Panels, Bright Enough To Be Seen At Night From Airliners Flying Into Austin

By Anan Ashraf
May 20, 4:16 AM
The rear portion of the factory extension, meanwhile, will be a "super dense, water-cooled supercomputer cluster," Musk added.

TSLA

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