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56. Are Americans Lazy, Chips Culture Clash, AI Arms Race, Rubrik IPO
April 26, 2024
Intel, the worst-performing S&P 500 stock in 2024, reported weak PC chip demand and declining gross margins in its Q2 earnings. The company's future prospects are uncertain due to competition from AI chips and ARM, as well as challenges in the foundry business. Microsoft, Google, Meta (formerly Facebook), and ServiceNow all reported good earnings, with Microsoft's AI cloud performing particularly well. Azure's revenue for the quarter was approximately $15 billion, with a growth rate of 31%. Google experienced growth of 28% in its Google Cloud Platform (GCP), ... Read more
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