Technology
- SAP shares see biggest drop since 2020 after fourth-quarter cloud contract growth disappoints - It's the biggest daily fall since October 26 2020, when stock dropped 22% following disappointing third quarter results
- SK Hynix overtakes Samsung in annual profit for the first time as AI reshapes rivalry - SK Hynix beats rival Samsung Electronics in profits for 2025 for the first time ever, as the memory maker retains a lead in AI products.
- Meta’s Reality Labs posts $6.02 billion loss in fourth quarter - Meta’s Reality Labs posts $6.02 billion loss in fourth quarter.
- Tesla tops estimates for quarter, but wraps up first annual revenue drop on record - Tesla's earnings report comes weeks after Elon Musk's automaker reported another decline in vehicle deliveries.
- Meta shares rise on stronger-than-expected revenue forecast - Meta reported fourth-quarter earnings on Wednesday and provided stronger-than-expected sales guidance.
- Microsoft shows gain on OpenAI investment after restructuring as cloud growth slows - Microsoft’s finances look more favorable after OpenAI completed a restructuring.
- Amazon laying off about 16,000 corporate workers in latest anti-bureaucracy push - Amazon laid off 14,000 corporate staff in October.
- Autonomous trucking startup Waabi raises $750 million to expand into robotaxis - Khosla Ventures, G2 Venture Partners, Uber, Nvidia and Volvo are all investing in Toronto-based, driverless tech startup Waabi.
- South Korea's SK Hynix to establish a special ‘AI Company’ in the U.S. - SK Hynix will set up a new U.S.-based company focused on artificial intelligence solutions, with $10 billion committed to the project.
- SK Hynix smashes earnings estimates as AI memory demand drives record profit - South Korea's SK Hynix on Wednesday posted record quarterly revenue and profit, to beat estimates.