OpenAI reportedly projects that the U.S. economy could see substantial gains by 2030, provided the government invests heavily in AI infrastructure.
The U.S. government has entered into a $1 billion partnership with Advanced Micro Devices, Inc. (NASDAQ:AMD) to develop two next-generation supercomputers, a move aimed at cementing America's technological leadership in high-performance computing.
Earnings Results
Seagate Technology Holdings PLC (NASDAQ:STX) reported quarterly earnings of $2.61 per share, which beat the analyst estimate of $2.37, and revenue came in at $2.62 billion, which beat the Street estimate of $2.54 billion.
Apple Inc (NASDAQ:AAPL) reported fiscal fourth-quarter revenue of $102.47 billion, beating analyst estimates of $102.17 billion and earnings of $1.85 per share, beating analyst estimates of $1.76 per share.
United Microelectronics Corporation (NYSE:UMC) reported revenue of $1.94 billion (59.13 billion New Taiwanese dollars), marking a 2.2% decrease year-on-year. The figure topped the analyst consensus estimate of $1.92 billion.
Verizon Communications (NYSE: VZ) reported quarterly revenue growth of 1.5% year-over-year (Y/Y), reaching $33.8 billion, which missed the analyst consensus estimate of $34.3 billion. Adjusted EPS of $1.21 topped the analyst consensus estimate of $1.19.
Google parent Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) posted third-quarter revenue of $102.35 billion, beating analyst estimates of $99.64 billion and earnings of $2.87 per share, beating estimates of $2.33 per share.
Amazon.com Inc. (NASDAQ:AMZN) reported third-quarter net sales of $180.2 billion, up 13% year-over-year. The sales total beat the Street consensus estimate of $177.8 billion.
Microsoft Corporation (NASDAQ:MSFT) reported first-quarter revenue of $77.7 billion, beating the Street consensus estimate of $75.3 billion and earnings per share of $4.13, beating the Street's estimate of $3.67.
Broadline Retail & Financial Services
Amazon disclosed an investment ...
