Samsung’s Major Chip Contract with Tesla Samsung Electronics has secured a $16.5 billion multiyear contract to manufacture AI chips for Tesla at its new fabrication facility in Taylor, Texas. This agreement, which will run until the end of 2033, marks a significant boost to Samsung’s foundry business, which has struggled to attract major clients and…
SpaceX is dominating the space industry in 2025 with an unprecedented pace of rocket launches, primarily focused on expanding its Starlink satellite constellation. The company is on track to reach a remarkable goal of 170 orbital launches this year, eclipsing its previous record of 134 launches set in 2024. Recent missions highlight this incredible cadence:…
Intel Q2 2025 Earnings Beat Expectations Intel reported its second-quarter 2025 financial results with revenues of $12.9 billion, flat compared to the previous year, which beat Wall Street’s low expectations. Despite a net loss of $2.9 billion due to restructuring and impairment charges, the company’s underlying demand remained solid. CEO Lip-Bu Tan’s Strategic Shift Since…
IBM Q2 2025 Earnings Overview International Business Machines Corporation (IBM) released its second-quarter 2025 results, showing an 8% year-over-year revenue growth to $16.98 billion and net income of $2.19 billion, or $2.31 per share – exceeding expectations on earnings per share but slightly missing software revenue estimates. CEO Arvind Krishna highlighted that geopolitical tensions and…
Tesla Reports Revenue Decline and Stock Volatility in Q2 2025 Tesla, led by CEO Elon Musk, announced its second-quarter earnings showing a 12% drop in revenue year-over-year, totaling $22.5 billion, missing Wall Street expectations of $22.74 billion. This represents the largest quarterly revenue decline for Tesla in over a decade. The company faced several challenges…
Alphabet Surpasses Earnings Expectations in Q2 2025 Google parent Alphabet reported strong second-quarter results that beat Wall Street estimates with $96.4 billion in revenue, a 14% year-over-year increase, and earnings per share of $2.31, up 22% from last year. This solid performance was driven by robust growth across its advertising, cloud computing, and AI businesses….
Hims & Hers Plans 2026 Expansion to Canada Following ZAVA Acquisition Hims & Hers Health, Inc., a leading digital health and wellness company, recently announced plans to expand its affordable, holistic weight loss program to Canada in 2026. This expansion follows the closing of its acquisition of ZAVA, a prominent European digital health platform. Canada…
