Market analysts praised Palantir for their efforts in building an unprecedented AI fortress with the CEO calling for increased collaboration between the tech sector and the government.
Meta has encountered a slew of setbacks in the past year, casting doubt on its future prospects.
The company reported record-breaking new member additions, surpassing the 584,000 mark.
Ford lifted its guidance range for full-year 2023 consolidated adjusted EBIT to between $11 billion and $12 billion.
Finance chief David Zinsner attributed the better-than-expected Q2 2023 earnings to some internal developments at Intel.
Shell is struggling with a continuous fall in profits as Q2 2023 figures show significant reductions compared with last quarter and Q2 2022.
According to Meta, operating losses from the Reality Labs unit will “increase meaningfully year-over-year due to ongoing product development efforts in augmented reality/virtual reality and investments to further scale the ecosystem.”
Meta CEO Mark Zuckerberg highlighted that the company’s app continued to record strong engagement and currently has an exciting product in the pipeline.
The DIJA rally is going strong and withstanding pressure from sentiments surrounding the Fed’s increase in interest rates.
The impressive revenue performance was largely driven by the Microsoft Cloud segment.
In addition to the better-than-expected Q2 2023 revenue, Alphabet did better than predicted in its ad profits.
General Motors reported strong financial results for Q2 2023, with a 52% increase in net earnings compared to the previous year. Despite potential labor stoppages, the company is optimistic about its future outlook.
Apple noted that only account holders in the Apple Developer Program can apply for the Vision Pro kit, which should be returned upon request.
The pharmaceutical segment reported the highest sales with about $13.71 billion, followed by MedTech with a total sales of about $7.78 billion, and the remaining accrued from the consumer health segment.
The report noted that American Airlines’ second-quarter performance exceeded Wall Street expectations.