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Microsoft to Incur $800M Charge Tied to Cruise Robotaxi Program
Microsoft Expects $800 Million Impairment Charge Due To GM's Cruise Exit, Analyst Says It's A 'Step In The Right Direction' For Automaker
Wedbush released a Christmas wish list: Technology stocks to rise another 25% next year, with three companies' Market Cap reaching 4 trillion dollars.
Dan Ives, a Technology Analyst at Wedbush Securities, released a "Top 10 Christmas Wish List for the Technology Industry in 2025" on X on Wednesday, predicting that technology stocks will further rise by 25% in the coming year, with Apple, NVIDIA, and Microsoft each reaching a Market Cap of $4 trillion for the first time. These ten wishes include: 1. Anticipating that the scale of mergers and acquisitions in the Technology Industry will soar by 50%. 2. Technology stocks will rise an additional 25%. 3. The $4 trillion Market Cap club will welcome its first three members: Apple, NVIDIA, and Microsoft. 4. Capital spending in the AI sector alone will exceed $1 trillion. 5. Tesla will reach...
Microsoft's Mustafa Suleyman Is Recruiting Google DeepMind Talent As Redmond Plans AI Healthcare Superiority: Report
Less Than 1% of Microsoft Shareholders Voted for BTC Proposal
Express News | OpenAI Says Chatgpt, APi, and Sora Were Down Today but Recovered - X Post
Microsoft Is Losing This Much on GM's Robotaxi Unit Cruise
The two major US Energy giants are targeting the "fat" of the AI era: powering Datacenters.
Executives from the two major Energy giants in the USA, Chevron and Exxon Mobil, stated on Wednesday that they are considering entering the Electrical Utilities Industry and discussing the use of Henry Hub Natural Gas and carbon capture technology to supply power to AI Datacenters in the Technology sector. Previously, USA oil companies typically only produced power for their own Business. However, amid the current surge in demand, they are attempting to enter a broader Electrical Utilities market.
Malaysia established the National AI Policy and Regulatory Office.
Malaysia established a National AI Office on Thursday, aiming to formulate policies and address regulatory issues, and hopes to position itself as a regional hub for AI development. Over the past year, this Southeast Asian country has received billions of dollars in investment from Global tech companies seeking to build essential infrastructure to meet the growing demand for their cloud and AI services. The country's Prime Minister Anwar Ibrahim said at the launch ceremony of the new office: "This is another historic moment in our digital transformation journey." According to the details published on its website, the office is expected to
Express News | OpenAI - We're Experiencing an Outage Right Now - X Post
Microsoft lost approximately $0.8 billion due to Cruise investment
Microsoft said on Wednesday that it expects to accrue impairment charges of about 0.8 billion US dollars in the second fiscal quarter, related to the company's minority investment in Cruise, an autonomous driving company owned by GM. The day before, GM said it would no longer fund this business because it was too expensive to develop this technology and set up a fleet. Microsoft announced a minority investment in Cruise in January 2021 as part of a $2 billion investment in the autonomous vehicle startup, which is mostly owned by GM. The move enabled Microsoft to take over the emerging connected car services market
The NASDAQ broke through 0.02 million points for the first time, Tesla led a group of tech giants to a new high, and Bitcoin climbed to 0.1 million dollars
The Dow and Apple fell, the Nasdaq rose nearly 2%, Tesla and Google rose nearly 6%, while Meta, Amazon, and Netflix all reached new highs. NVIDIA rose over 3%, Broadcom rose nearly 7%, Super Micro Computer once dropped over 8%, the decline of Chinese concepts narrowed, and Fangdd Network turned to rise over 11%. The U.S. November CPI confirms interest rate cut bets for next week, with a pause on rate cuts expected in January next year. The dollar and U.S. Treasury yields rebounded in a V-shape, while spot Gold reached its highest level in five weeks. The yen plunged below 152, while the offshore yuan once dropped over 300 points, falling below 7.29 yuan. After a significant interest rate cut by the Bank of Canada, the Canadian dollar and Canadian bond yields turned to rise, and oil prices increased by about 2%.
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Here's How Much of a Hit Microsoft Is Taking With Its Investment in GM's Cruise
Google Cloud Could Be a Surprise Winner in the AI Spending Race
Overnight U.S. stocks | The Nasdaq broke 0.02 million points, setting a historical high, and Musk became the first person in the world with a net worth exceeding 400 billion.
As of the close, the Dow Jones Industrial Average fell 99.27 points, a decrease of 0.22%, closing at 44,148.56 points; the Nasdaq rose 347.65 points, an increase of 1.77%, closing at 20,034.89 points; the S&P 500 Index rose 49.28 points, an increase of 0.82%, closing at 6,084.19 points.
Microsoft Flags $0.8M Writedown on Stake in GM-backed Cruise
Microsoft Options Spot-On: On December 11th, 264.42K Contracts Were Traded, With 2.65 Million Open Interest
Express News | Microsoft - Expect to Record Impairment Charge Due to GM's Intent to No Longer Fund Cruise's Robotaxi Development Work