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Markets

What to expect from Tesla results? Energy storage and AI in focus

Tesla’s revenue for the second quarter may continue declining amid a slowdown in sales. However, the development of robotaxis and energy storage may become the focal point for its market valuation.

Markets

Alphabet earnings: Key metrics focus on Google Cloud and ad revenue

Alphabet is set to report its second-quarter earnings later today, with artificial intelligence (AI), cloud, and advertising revenue remaining key focuses. Wiz walked away from a $23 billion deal with Google hours before the earnings release.

Tech News

Microsoft says EU to blame for the world's worst IT outage

Up to 8.5 million Windows devices were affected by Friday's IT outage after Crowdstrike's antivirus update went awry.

Markets

ASML: When the chips are down, is now a good time to buy?

ASML Holding saw its largest weekly drop since 2002, falling 17%, due to potential US restrictions on chip exports to China. Bank of America views the impact as manageable, suggesting the sell-off may be a buying opportunity.

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Europe News

Who’s who in the European Parliament’s new committee roster

From mammoth structures for energy and the environment to smaller ones looking at fish, we take you through the movers and shakers who will determine EU lawmaking in practice.

Markets

ASML shares plunge as geopolitics overshadow strong earnings

The Dutch chip equipment maker, ASML, reported better-than-expected earnings for the second quarter. However, its shares plunged due to stricter US export curbs on exports to China.

Business

'Eurostars': The rise of Europe's answer to the US 'Magnificent 7'

The 'Eurostars', including Novo Nordisk and ASML, have outperformed the US 'Magnificent 7' since 2020, showcasing diverse sector strengths and superior risk-adjusted returns, a recent research shows.

Tech News

Euroviews. Europe can produce its own tech giants — here’s how

The measures that would be needed to enable the EU to produce large-scale digital champions are clear and straightforward. They would benefit not only our digital sector but also pension funds, the insurance sector and future pensioners, J. Scott Marcus writes.

Business

AI, future of 5G and challenges ahead dominate at GSMA MWC Shanghai

GSMA MWC Shanghai 2024 concluded with the show‘s largest ever international participation, welcoming nearly 40,000 attendees from a record 124 countries and territories for three days of innovation showcasing and collaboration.

Business

Amazon latest to join trillion market cap club amid AI-fuelled rally

Amazon surpasses $2 trillion in market cap amid optimism towards its AI-powered cloud business.

Markets

Europe's GRANOLAS: How do they perform against the US's Magnificent 7?

GRANOLAS is an acronym coined by Goldman Sachs during the first European lockdown in 2020, representing the largest European companies by market cap at that time.

Business

AI boom propels Nvidia to the top as the world’s most valuable company

Nvidia surpasses Apple and Microsoft in market cap, becoming the most valuable company in the world, thanks to the artificial intelligence (AI) boom.

Business

Apple investors eye OpenAI launch as it plays catchup with competitors

Apple has officially embraced artificial intelligence (AI), making the announcement at its renowned Worldwide Developers Conference (WWDC).

Markets

AI fuels surge in tech company earnings in Europe and the US

As the AI boom continues to fuel earnings on both sides of the Atlantic, European companies mirror the success of their US counterparts.

France

VivaTech 2024: AI takes centre stage at annual French tech show

The latest artificially intelligent innovations have been unveiled at the VivaTech show in Paris starting this Wednesday and running through Saturday.

Business

Nvidia's earnings top market forecasts as AI demand soars

Nvidia has reported April-quarter earnings that topped market forecasts. The chipmaker announced a 10-for-1 stock split as the share price surpassed $1,000 (€923).

Business

Nvidia shares could soar as traders eye first-quarter earnings

Nvidia is set to release its first-quarter earnings for the fiscal year 2025. Investors will be particularly focused on the performance of its data centre.

Business

IBM announces plans to create 800 new high-tech jobs across Ireland

IBM has announced plans to create 800 new AI jobs across Ireland over the next three years as big tech companies continue to invest in the country.

Europe News

Tech compliance reports, Newsletter

This week's key events presented by senior tech and industry reporter Cynthia Kroet

Europe Decoded

Euroviews. The EU's Digital Markets Act is a double-edged sword

Through DMA regulations, the EU risks straying into the territory of a market which penalises success, Irakli Machaidze writes.