Microsoft reported better-than-expected third-quarter earnings on Wednesday, which caused the company's stock to soar by more than 8% in after-hours trading.
Microsoft reported $3.46 in earnings per share, marking an 18% year-over-year increase, compared to an estimated $3.22. Its revenue jumped by 13% compared to...
Global tech stocks endured a rough start to the week amid a sell-off sparked by the emergence of China's startup DeepSeek as a challenger to U.S. dominance in the artificial intelligence sector.
Last week, DeepSeek presented its free-to-use AI model, DeepSeek-R1, which generated a massive...
Shares in video game studio Ubisoft Entertainment rose by as much as 5% during pre-trading on Monday morning after the company released an announcement on its growth strategy going forward. This comes after Bloomberg News released a report linking Ubisoft with a potential buyout...
Emerging market stocks surged on the back of a tech stock rally, with a gauge for measuring developing world stocks rising 2.8% this past week, increasing for all but one session. Among the highest performers were emerging stocks from Asia, particularly Alibaba Group Holding,...
ECommerce giant Alibaba Group Holding Ltd. posted strong first-quarter earnings, exceeding market expectations. The company's quarterly net income came in at $3.34 billion, with earnings, adjusted for one-time gains and costs, clocking in at $2.26 per share, beating Wall Street estimates of $2.20 per...
Chinese tech conglomerate Tencent Holdings reported second-quarter revenue of 161.12 billion yuan ($22.5 billion), exceeding expectations of revenue of 160.77 billion yuan according to LSEG data. This is an 8% rise in revenue from the previous quarter.
Tencent's revenue rise was largely driven by its...
