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Qualcomm Exceeds Expectations with Upbeat Forecast as AI Boosts Chip Sales in China

Qualcomm (QCOM.O) exceeded Wall Street expectations with its quarterly sales and profit forecast, driven by increased demand for its high-end chips featuring AI capabilities in Android smartphones, particularly in China’s recovering market. The company reported a 40% sales growth to Chinese smartphone makers, signaling a rebound in the region. CEO Cristiano Amon highlighted the growing …

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Cognizant Exceeds Q1 Revenue Expectations Amidst Client Spending Stability

Cognizant Technology Solutions (CTSH.O) surpassed Wall Street’s projections for first-quarter revenue on Wednesday, buoyed by consistent client spending, triggering a more than 4% surge in its shares during aftermarket trading. Favorable signs in the business landscape and anticipations of interest rate reductions have spurred clients to increase investments in technology and consulting services, benefiting companies …

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Expected Decline in Apple Sales Amidst iPhone AI Integration

Apple’s plan to integrate generative AI into its iPhones to boost sales, especially in China, will be closely watched on Thursday as the tech giant prepares to announce its largest quarterly revenue decline in over a year. Analysts foresee a 10.4% decrease in iPhone sales, which make up about half of Apple’s revenue, for the …

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Decline in Profits for Chip Component Provider Siltronic Due to Elevated Client Inventories

Siltronic, a German supplier of chip components (WAFGn.DE), disclosed a 27.5% decrease in core profit for the first quarter on Thursday, following a recent reduction in annual targets attributed to persistently high inventories among its clientele. Specializing in silicon wafers essential for semiconductor chips, the company reported first-quarter earnings before interest, tax, depreciation, and amortization …

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Microsoft Commits $2.2 Billion to Advance Cloud and AI Services in Malaysia

On Thursday, Microsoft (MSFT.O) announced its intention to invest $2.2 billion over the next four years in Malaysia, aiming to bolster cloud and artificial intelligence (AI) services. This move underscores the company’s strategic focus on advancing its generative AI technology in the Asian market. This investment, marking Microsoft’s largest in Malaysia over its 32-year presence …

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HCLTech Sees Sharpest Drop in Nearly 17 Months on Disappointing FY25 Outlook

HCLTech (HCLT.NS) witnessed a steep decline of up to 6.3% on Monday, marking its most significant fall in nearly 17 months, following a fiscal 2025 revenue growth projection that fell short of expectations for India’s third-largest software services company. By midday, the stock had recouped some losses but still traded 5.62% lower at 1,392.05 rupees, …

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US Homeland Security Establishes AI Safety and Security Advisory Board

The U.S. Department of Homeland Security (DHS) announced on Friday the formation of a distinguished board comprising CEOs from notable entities such as OpenAI, Microsoft, Alphabet (Google’s parent company), and Nvidia. This board will provide counsel to the government regarding the impact of artificial intelligence on critical infrastructure. Tasked with developing recommendations for various sectors …

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Brazil Court: Operational Issues Enabled Active Users Despite Block, Says X

Legal representatives of X appeared before Brazil’s Supreme Court on Friday, acknowledging “operational faults” that allowed users previously ordered to be blocked to remain active on the social media platform. Last week, Supreme Court Justice Alexandre de Moraes sought clarification from the social media giant regarding its alleged failure to fully comply with earlier rulings …

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Telegram Platform Blocks Ukraine Spy Agency’s Key Bots

Ukraine’s military intelligence agency GUR announced on Monday that Telegram messaging platform management had taken action to block several official bots advocating against Russia’s military aggression towards Ukraine. In a statement shared on Telegram, GUR expressed its dissatisfaction, stating, “Today, the management of the Telegram platform unreasonably blocked a number of official bots that opposed …

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Thousands Affected as Social Media Platform X Experiences Widespread Outages, Downdetector Reports

Thousands of users were left frustrated on Monday as social media platform X encountered widespread outages, as evidenced by data from Downdetector.com. The disruptions, occurring early in the day, sparked a flurry of reports detailing the platform’s unavailability across various regions. Users took to alternative channels to express their frustration, highlighting the reliance on such …

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