AMD’s AI Bet Pays Off With 36% Revenue Jump
AMD just reported a blockbuster quarter with revenues surging 36% to $9.2 billion. The chipmaker’s strategic pivot to data center and AI is clearly working, even if Wall Street expected slightly more.
Category: Business
Super Micro’s AI Hype Hits a Profit Reality Check
Super Micro Computer’s second-quarter profit forecast fell short of analyst expectations, sending shares tumbling. The server maker projected earnings of 46 to 54 cents per share versus estimates of 62 cents, despite stronger-than-expected revenue guidance of $10-11 billion.
China’s risky trade strategy makes sense if you’re poor
China’s leadership is taking significant trade risks because the country remains relatively poor compared to the US. Their strategy involves investing heavily while keeping consumption low to win global market share in strategic goods.
Hedge Fund Accused of Expensing Art and Private Jets
A former compliance officer is suing Capula Investment Management, claiming wrongful termination after raising concerns about expensing artwork and private jet travel. The $32 billion hedge fund allegedly violated SEC regulations on expense disclosure and conflicts of interest.
Goldman Sachs CEO Says Chill Out About AI Job Panic
Goldman Sachs CEO David Solomon isn’t buying the AI jobs apocalypse narrative. He says while there will be disruption, the economy is nimble and humans will adapt by creating new businesses and jobs, just like they have for centuries.
Amazon Threatens Perplexity Over AI Shopping Assistant
Amazon has sent a legal threat to AI startup Perplexity over its Comet browser’s shopping features. The retail giant claims the AI degrades customer experience, while Perplexity calls it “bullying.” This marks Amazon’s first legal action against an AI company.
Nestlé’s massive ERP upgrade comes with 16,000 job cuts
Nestlé is upgrading its aging SAP ERP system to set the stage for AI and automation capabilities. The move comes as the company plans to eliminate 16,000 jobs over the next two years, with most cuts hitting corporate roles.
Why Elon Musk and Sam Altman’s Public Feuds Might Actually Work
Public CEO feuds were once considered corporate suicide. Now, research suggests they might actually boost leaders’ appeal in competitive environments. But the strategy comes with billion-dollar risks, as Musk’s $138 billion Tesla valuation drop shows.
Sequoia’s Leadership Shakeup Signals Deeper Trouble
Sequoia Capital replaces global leader Roelof Botha with Alfred Lin and Pat Grady after two turbulent years. The move follows internal conflicts over Islamophobic tweets and the firm’s global split, signaling deeper cultural issues at the storied VC firm.
Sequoia’s leadership shakeup comes at a tricky time
Sequoia Capital is undergoing a major leadership transition as Roelof Botha steps aside after seven years as steward. The legendary venture firm is handing control to partners Alfred Lin and Pat Grady while navigating internal tensions over political expression.