Code & Brew
Tech Giants Reap AI Investments According to the Financial Times, “Investors glimpse pay-off for Big Tech’s mammoth spending on AI arms race,” highlighting that Microsoft, Alphabet, and Meta have collectively added over $350 billion in market value. This surge is attributed to advancements in artificial intelligence, with Microsoft reaching a $4 trillion valuation and Meta…
Global Markets React to New U.S. Tariffs President Donald Trump’s recent imposition of tariffs up to 41% on imports from 68 countries has led to significant market volatility. According to the Associated Press, “The Latest: US stock market and global trade partners react to Trump’s new tariffs,” global markets have experienced notable declines, with Wall…
Figma debuted on the NYSE under the ticker symbol FIG, pricing its shares at $33—slightly above its revised $30–32 guide range. The offering raised about $1.2 billion in total, though only approximately $400–411 million went to the company itself—the remainder came from existing shareholders divesting their stakes. Figma’s valuation at IPO stood at $19.3 billion, nearly matching the…
Microsoft Achieves Historic Market Milestone According to the Financial Times, “Microsoft hits $4tn market value as tech stocks rise to new highs,” marking a significant achievement in the company’s history. This surge reflects investor confidence in Microsoft’s strategic investments in artificial intelligence and cloud computing, positioning the company at the forefront of technological innovation. Debate…
In a recent address, Federal Reserve Chair Jerome Powell provided an update on the central bank’s decision to maintain interest rates at their current levels, emphasizing the importance of careful monitoring of economic indicators. Powell articulated that the Federal Reserve will remain vigilant, stating, “We are committed to using our tools to support the economy…
In today’s technology news, Fermilab, a U.S. Department of Energy national laboratory, was targeted in a cyberattack exploiting a vulnerability in Microsoft’s SharePoint software. According to Reuters’ article “US Fermilab hit in cyberattack targeting Microsoft’s SharePoint, Bloomberg News reports,” the attack was part of a broader global cyber espionage campaign stemming from a critical SharePoint…
In a significant development within the Indian IT sector, Clorox has filed a $380 million lawsuit against Cognizant, alleging gross negligence during a 2023 cyberattack. According to the Financial Times article “Clorox sues Cognizant as troubles mount in India’s tech sector,” Clorox claims that Cognizant’s staff handed over credentials to hackers without proper verification. Cognizant…
In this stimulating CNBC segment, Doug Clinton, CEO of Intelligent Alpha, offers his expert insights on the upcoming earnings reports from major tech companies. As these industry giants prepare to unveil their latest financial results, Clinton underscores the importance of understanding the broader economic implications that accompany these announcements. He highlights specific areas to watch,…
In a significant development, Samsung Electronics has secured a $16.5 billion contract to supply semiconductors to a major global corporation. The deal, finalized on Saturday, pertains to contract chip manufacturing, also known as foundry services. Specific details, including the partner’s identity and terms, will remain confidential until the end of 2033. Following the announcement, Samsung’s…
In the video from Schwab Network titled “AAPL, AMZN & MSFT: Charting This Week’s Mag 7 Earnings,” the hosts discuss the upcoming earnings reports for major tech companies, specifically focusing on Apple (AAPL), Amazon (AMZN), and Microsoft (MSFT). Key points include: 1. Earnings Expectations: The hosts analyze analyst expectations for each company’s earnings, emphasizing the…