NVIDIA has updated its Q4 2019 financial guidance where it lowered its Q4 2019 revenue from $2.7 billion to $2.2 billion. This is due to slowdowns in both the Gaming and Datacenter sectors. NVIDIA admits that higher prices for high-end Turing GPUs has negatively affected sales as "macroeconomic...
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Intel has released its Q4 2018 and full-year 2018 financial results. The fourth quarter revenue was $18.7 billion, up 9 percent year-over-year (YoY); and full-year revenue set an all-time record of $70.8 billion, up 13 percent YoY. According to CNBC, analysts had predicted a higher revenue...
Amazon has finally surpassed the $1 trillion milestone after a brief increase in value of 1.9% even though the tech sector has been hammered on the stock exchanges. The value of Amazon stock has tripled in price over the past 3 years. Not bad for Jeff Bezos as he started the company as an...
Elon Musk has revealed that a great deal of the funding to take Tesla private will come from the Saudi Arabia sovereign wealth fund. He backed up his August 7th claim that the funding was secured by revealing that the Managing Director of the fund had contacted him multiple times over the...