Category: Business
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Tesla Plans to Launch Next-Generation Vehicles in Mid-2025
Tesla, the world’s most valuable automaker, has announced plans to launch a new electric vehicle (EV) aimed at the mass market and competing with lower-cost rivals. The new model, codenamed “Redwood,” is expected to be a compact crossover that will go into production in mid-2025, according to sources familiar with the matter. Tesla CEO Elon…
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AI Boom Drives GPU Demand and AMD Stock in 2024
The demand for GPUs has surged in the past year, driven by the rise of artificial intelligence (AI) applications. This has attracted many investors to chipmakers, especially Nvidia, which has seen its shares soar 200% year over year. But Nvidia is not the only player in the game. AMD (NASDAQ: AMD) is also making big…
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Meta Platforms Surges 20% on Strong Earnings and Share Buyback Plan
The Meta is considered as giant company as everyone knows about it. It makes money by putting ads on people who use its apps and websites. On Friday, the company reported its fourth quarter and full year 2023 results, which exceeded analysts’ expectations. The company also announced that it would initiate a quarterly dividend of…
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The Reason behind Volvo’s Electric Car Brand Shutdown
Volvo Cars’ CEO Jim Rowan is a big fan of electric vehicles. He showed off the new EX30, an electric car, at the company’s annual report on Thursday. He said Volvo was changing the car industry with its electric vehicles. He also said Volvo made more money from selling electric cars than anyone else, except…
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Zuckerberg’s Net Worth Surges by $28 Billion as Meta Stock Skyrockets
Meta’s CEO Mark Zuckerberg saw his wealth soar by more than $28 billion in a single morning, thanks to a record surge in the company’s stock price. Zuckerberg, who already ranks among the richest people in the world with a net worth of over $140 billion, according to Bloomberg’s billionaire index, benefited from Meta’s announcement…