For over a decade, Samsung held the crown as the world’s top smartphone seller. But now, the tides have turned—Apple has officially taken the lead, marking a major shift in the global smartphone market. How Apple Claimed the Top Spot Apple ended 2023 with a 20 percent market share, just ahead of Samsung’s 19. 4…
SoundHound AI just pulled off something huge. The company, known for its cutting-edge voice recognition technology, reported an eye-popping 101% revenue growth in the fourth quarter of 2024. That’s right—revenues hit $34.5 million, blowing past last year’s numbers and even surpassing Wall Street’s expectations. Analysts had predicted $33.7 million, but SoundHound proved them wrong. For…
The S&P ended the day at 5,954.50 points, up 1.59%. The Dow Jones Industrial Average increased 1.39% to 43,840.91 points, while the Nasdaq climbed 1.63% to 18,847.28 points. After a tumultuous trading session, Wall Street closed Friday higher, with tech companies rising and Dell Technologies falling following a disastrous meeting between U.S. President Donald Trump…
While a geopolitical drama unfolded in the White House and anxiety about Trump’s tariff threats infiltrated a broader range of economic data, Friday’s trading day finished with a victory for all the primary gauges. Following a purchase led by Nvidia (NVDA) on Thursday, the tech-heavy Nasdaq Composite (^IXIC) was up around 1.5%, while the S&P…
While a geopolitical drama unfolded in the White House and anxiety about Trump’s tariff threats infiltrated a broader range of economic data, Friday’s trading day finished with a victory for all the primary gauges. Following a purchase led by Nvidia (NVDA) on Thursday, the tech-heavy Nasdaq Composite (^IXIC) was up around 1.5%, while the S&P…
The global leader in voice artificial intelligence, SoundHound AI, Inc. (Nasdaq: SOUN), released its financial results for the quarter and the entire year 2024 today. Keyvan Mohajer, CEO and co-founder of SoundHound A stated, “We had a breakthrough year, expanding our leadership position in voice and conversational AI through major customer wins, expanded partnerships, groundbreaking…
Tesla’s once-unshakable momentum in the stock market has hit a rough patch, with shares tumbling as valuation concerns, slowing EV demand, and rising competition weigh on investor sentiment. Once a standout performer among the Magnificent Seven tech giants, Tesla is now facing renewed scrutiny over whether its high stock price is still justified in 2025….
The Fed’s favored inflation indicator, the US Personal Consumption Expenditures (PCE) Price Index, is expected on Friday. Market anxiety has escalated due to recent US economic data that exceeded expectations. Market worries about inflation and the global economy have increased due to President Trump’s tariff threats. Technically speaking, the S&P 500 has broken essential support…
Employees at the US-based international investment bank Citigroup inadvertently credited $81 trillion to a customer’s account instead of $280 owing to an operational error, according to the Financial Times on Friday, February 28. According to the news portal’s article, the US-based investment bank’s blunder required hours to reverse the transactions, a “near miss” that demonstrates…
The US stock market has been on a tear for the more significant part of two years. Still, it has slowed considerably, and the decline in tech companies and a drop in stock indexes have been a considerable source of anxiety for US investors. Meanwhile, according to Bloomberg, Bank of America analyst Hartnett believes the…