The DOJ says Google’s dominance doesn’t just come from building better products. It’s because the company makes sure its competitors never get a chance to compete.
Booz Allen Hamilton and Meta have unveiled "Space Llama," an AI-powered platform using NVIDIA GPUs to help astronauts manage ISS maintenance without Earth-based support. By integrating advanced vision AI, Space Llama offers real-time diagnostics and guidance while reducing energy use and eliminating the need for bulky manuals.
Meta Platforms Inc. (NASDAQ: META) has laid off employees within its Reality Labs division, the unit responsible for the development of virtual and augmented reality technologies.
Beacon Roofing Supply currently trades at $123.42 and has been a dream stock for shareholders. It’s returned 536% since April 2020, blowing past the S&P 500’s 91.2% gain. The company has also beaten the index over the past six months as its stock price is up 32.2%.
The company reportedly said the layoffs were meant to help Oculus Studios work more efficiently on future mixed-reality experiences for its growing audience.
U.S. stocks climbed for a third straight session, notching their longest winning streak since early April. The Nasdaq jumped 2.7% to close at 17,166.04.
After the closing bell on Thursday, let's take a glimpse of the US markets and explore the top S&P500 gainers and losers in today's after-hours session.
Online advertising giant Alphabet (NASDAQ:GOOGL) announced better-than-expected revenue in Q1 CY2025, with sales up 12% year on year to $90.23 billion. Its GAAP profit of $2.81 per share was 40.1% above analysts’ consensus estimates.
Big Tech stocks have been heavily sold off due to AI concerns and trade tensions, but may present a buying opportunity for long-term investors, says expert.
