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I Frenzy Cools: Micron’s Sharp Decline Signals Market Volatility

Micron Technology Inc.’s post-results selloff sent a fresh reminder to global investors about the risks inherent in bets on artificial intelligence chipmakers. Days after leading AI chipmaker Nvidia Corp. slumped by nearly half a trillion dollars, Micron shares fell about 8% in extended trading after the memory maker offered a forecast that fell short of the highest estimates. Micron is…

Amazon’s Stock Rallies on AI Hype, Market Value Tops $2 Trillion

Amazon.com Inc. has reached a $2 trillion market valuation for the first time ever as an artificial intelligence-fueled rally pushed the tech giant deeper into record territory. Shares rose 3.9% on Wednesday to close at $193.61, pushing the market value to more than $2 trillion. The company is now a member of an elite club of a handful of peers…

YouTube Asks iOS Users to ‘Allow’ Tracking: Personalized Ads on the Horizon

YouTube will soon prompt iOS users to opt into more personalized advertising through Apple's App Tracking Transparency (ATT) feature. This shift aims to align with Apple’s stringent privacy requirements while enhancing the advertising experience for users on YouTube. Starting soon, iPhone and iPad users will encounter a one-time prompt asking for permission to track their activities across various apps and…

Gemini Side Panel Expands Across Google Workspace Apps

Google has officially launched its Gemini side panel, previously known as Duet AI, across various Workspace applications, marking a significant enhancement in productivity and AI integration for paid customers. This rollout follows its debut at I/O 2024 and promises to streamline workflows within Gmail, Google Drive, Docs, Sheets, and Slides, along with Google One AI Premium. Enhanced Productivity Across Applications…

Nvidia Soars: Analyst Sees $5 Trillion Valuation by 2025 Amidst Explosive Stock Growth

Shares of NVIDIA have experienced an astounding surge, climbing over 200% in the past year. This remarkable rally is poised to continue, with one of the company’s most optimistic analysts forecasting that the semiconductor giant’s market value could approach $5 trillion within the coming year. Hans Mosesmann, an analyst at Rosenblatt Securities, has set a new high on Wall Street…

Samsung Preemptively Sues Oura Over Smart Ring Patents

Samsung isn’t waiting around for Oura to file any patent claims over its forthcoming smart ring. Instead, it’s preemptively filed its own suit against Oura, seeking a “declaratory judgment” that states the Galaxy Ring doesn’t infringe on five Oura patents. The suit alleges that Oura has a pattern of filing patent suits against competitors based on “features common to virtually…

Apple Reclaims Title as World’s Most Valuable Company, Surpassing Microsoft

June 12 marked a significant milestone in the tech world as Apple Inc. once again became the world's most valuable company, overtaking Microsoft from the top spot. The surge in Apple's market value was fueled by its advances in artificial intelligence (AI) technology, positioning the iPhone maker ahead in the race to dominate the burgeoning AI landscape. Apple's shares (AAPL.O)…

TikTok Users’ Purchasing Power Surges Despite Regulatory Challenges

TikTok has solidified its position as a powerhouse in social media, with a recent YouGov report revealing that 21% of Americans now engage with the platform weekly, marking a quadruple increase since 2021. Despite ongoing scrutiny regarding privacy and geopolitical concerns, TikTok continues to captivate a diverse audience and remains a crucial channel for marketers targeting younger demographics. The platform's…

Instagram Confirms Test of ‘Unskippable’ Ads Amid User Backlash

Instagram has confirmed it is testing unskippable ads after screenshots of the feature began circulating across social media platforms. These new ad breaks will display a countdown timer, preventing users from continuing to browse through more content until the ad has been fully viewed, according to informational text displayed within the Instagram app. The move is reminiscent of the free…

Europe, US Fearful of Chinese Electric Cars, Says BYD Founder

Wang Chuanfu, Chairman of BYD Co., China's largest auto company, criticized Western apprehensions towards Chinese electric vehicles (EVs). Wang, a 58-year-old billionaire, claimed that foreign countries' concerns reflect the growing dominance and capability of China's car industry. "If you are not strong enough, they will not be afraid of you," Wang remarked, highlighting what he perceives as a sign of…