Steve Huffman, CEO of Reddit, has become a billionaire following the platform's record profits and strategic shift towards AI. With daily users doubling, Reddit is reshaping the social media landscape.
Five tech giants just proved that the AI megatrend is alive and well, with strong earnings and ambitious spending plans, despite fears of a bubble. Discover how their investments are shaping the future.
Apple's latest earnings call reveals mixed results as iPhone revenue missed estimates, but the company is ramping up AI investments and anticipates strong growth in the holiday quarter. Will this lead to a comeback?
Amazon's stock skyrocketed over 10% after reporting impressive Q3 earnings, surpassing analyst expectations with a 33% increase in adjusted earnings per share and a 20% growth in AWS sales. CEO Andy Jassy highlights strong momentum driven by AI.
Microsoft's latest earnings report reveals a staggering 30% drop in Xbox hardware revenue year-over-year, as the gaming division faces layoffs and cancelled projects. Discover the implications for gamers and the future of Xbox.
Eli Lilly's stock surged 3.9% after an outstanding Q3 earnings report, surpassing analysts' expectations with $7.02 per share and $17.6 billion in sales. The company raised its yearly guidance, signaling strong growth potential.
Meta's shares dropped over 12% due to a staggering $16 billion tax charge, marking its biggest loss in years. Meanwhile, Microsoft and Alphabet reported mixed quarterly results, with Alphabet hitting a record revenue.
Chipotle's shares dropped more than 15% in after-hours trading after the chain slashed its sales forecast for the third consecutive quarter, citing ongoing macroeconomic challenges affecting consumer behavior.
Eli Lilly's third-quarter results exceeded estimates, driven by strong demand for Zepbound and Mounjaro. The company raised its revenue forecast, fueling a 5% rise in shares. Discover how Eli Lilly is maintaining its lead in the competitive obesity drug market.
In a surprising turn, UPS reports third-quarter earnings that exceed Wall Street expectations, despite announcing 48,000 job cuts as part of its turnaround strategy. Shares surged over 7% in response.
