Super Micro Computer, a well-known entity in the server manufacturing sector, has made headlines recently as it announced the appointment of BDO as its new auditor. This decision follows the abrupt departure of Ernst & Young, the firm’s previous auditor, who stepped down just several months after taking over the role from Deloitte & Touche.
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The financial market has always been dynamic, and with the recent launch of options trading for BlackRock’s iShares Bitcoin Trust ETF (IBIT), it appears to be undergoing yet another significant transformation. As the first day of trading on the Nasdaq saw an impressive 73,000 options contracts exchanged within just an hour, it not only set
Nvidia remains a titan in the rapidly expanding field of artificial intelligence (AI) chip manufacturing, commanding approximately 80% of this thriving market segment. The company has established itself as the preferred choice for graphics processing units (GPUs) essential to the development and execution of generative AI software. However, the upcoming earnings report for the third
The technological landscape is poised to undergo significant changes as President-elect Donald Trump’s administration signals its intent to prioritize the regulation of self-driving vehicles. This move has sent ripples through Wall Street, particularly impacting Tesla’s stock, which saw an impressive rise following a report regarding the planned federal framework. With notable intricacies at play, the
In the rapidly evolving landscape of space exploration, The Exploration Company (TEC) has positioned itself as a pioneering force by securing $160 million in funding for the advancement of its innovative capsule, the Nyx. This significant financial backing comes from prominent venture capital firms such as Balderton Capital and Plural, along with substantial support from
Palantir Technologies has been capturing investor attention with a remarkable surge in its stock price, particularly evident on Friday when shares jumped an impressive 11% to set a new record. This increase, resulting in a closing price of over $65.77, has dramatically enhanced the company’s market capitalization to an impressive $150 billion. The trajectory of
Elon Musk’s venture into artificial intelligence, xAI, is poised to secure a staggering $6 billion in funding, positioning itself with a valuation of approximately $50 billion. As reported by CNBC, this financial influx is anticipated to close imminently, with a significant portion—$5 billion—originating from sovereign funds in the Middle East, complemented by an additional $1
On Thursday, Amazon unveiled exciting news for its Prime members, introducing fixed pricing for various health treatments targeting common conditions such as erectile dysfunction and men’s hair loss. This move is seen as a strategic step by Amazon to solidify its presence in the burgeoning telehealth market, where competitors like Hims & Hers Health and
Censorship remains a vexing challenge in the digital landscape, as highlighted by Chelsea Manning, a former U.S. Army intelligence analyst. At a recent tech conference in Lisbon, Manning articulated her concerns regarding the pervasive nature of online censorship. She emphasized that understanding who wields the power to censor content is crucial to addressing the issue
In recent years, the narrative surrounding global technology leadership has shifted dramatically, particularly between the United States and China. Many in the West have often presumed that the challenges posed by Chinese tech firms remain far behind those of their American counterparts. However, remarks made by Brad Smith, Microsoft’s president, during his participation in the