Technologys

Key Takeaways: Chip Stocks Surge on Micron Technology’s Strong Sales, Southwest Airlines Shares Soar After Turnaround Plan Revealed, Super Micro Computer Investigated for Accounting Violations

by

New York, NY – The stock market in midday trading on Thursday saw major U.S. indexes on the rise, driven by a surge in chip stocks. Micron Technology led the way with strong sales fueled by demand for artificial intelligence technology. Southwest Airlines also saw a boost in its shares after unveiling a three-year turnaround plan, amidst pressure from activist investor Elliott Investment Management. However, Super Micro Computer faced a decline in its shares following …

Read more

AI Skeptic Warren Buffett Warns of Technology’s Scamming Potential

by

Omaha, Nebraska – Warren Buffett expressed caution towards embracing artificial intelligence (AI) during Berkshire Hathaway’s annual shareholder meeting. Buffett highlighted concerns about the technology’s potential for misuse, particularly in the realm of generating deceptive content aimed at defrauding individuals. Scammers have been known to leverage AI voice-cloning and deep-fake technology to create convincing videos and images impersonating loved ones, requesting money or personal information. Despite acknowledging AI’s positive applications, Buffett emphasized the significant risks associated …

Read more

**Nvidia** Powers Micron Technology’s Explosive Growth: What Investors Need to Know

by

San Francisco, CA – The semiconductor industry is experiencing a resurgence after a recent downturn, with a significant drop in consumer electronics spending due to the pandemic. This downturn hit U.S. memory chipmaker Micron Technology hard, but the company is now experiencing a period of growth. In its most recent quarter (Q2 fiscal 2024), which ended in February 2024, Micron reported a return to profit under GAAP standards, thanks to a rebound in PC and …

Read more