By Aditya Soni and Deborah Mary Sophia (Reuters) -The fortunes of Big Tech are diverging in a rapidly changing business landscape, as demand for artificial intelligence fuels growth in cloud and digital ads while consumer electronics take a battering from President Donald Trump’s global trade war. AI came to the rescue of earnings at Microsoft (NASDAQ:MSFT) and Google-parent Alphabet (NASDAQ:GOO ...
By Patrick Wingrove and Michael Erman (Reuters) -Moderna on Thursday pushed back the time frame for likely approval of a combination vaccine meant to protect against both COVID-19 and influenza, but said exchanges with U.S. drug regulators have remained constructive under Health Secretary and vaccine skeptic Robert F. Kennedy Jr. The U.S. vaccine maker reported first-quarter profit and sales that ...
Investing.com -- Truist analysts lifted their rating on ServiceNow (NYSE:NOW) shares to Buy from Hold on Thursday as they expect the company to “continue to consolidate the enterprise IT stack,” taking advantage of AI and macro uncertainty to reinforce its positioning relative to peers.The company’s shares rose nearly 3% in premarket trading.The brokerage also lifted the price target on the ...
By Zaheer Kachwala (Reuters) -Roblox raised its annual bookings forecast on Thursday and beat quarterly results estimates, a sign that spending on its vast library of user-generated videogames was holding up despite economic uncertainty driven by U.S. tariffs. Shares of the company rose more than 4%. The platform has aggressively tried to lure deep-pocketed older players with new game genres incl ...