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Deborah Mary Sophia

FILE PHOTO: A screen displays the logo of Softbank's Arm, chip design firm, during the company’s initial public offering (IPO) at Nasdaq Market site in New York, U.S., September 14, 2023. REUTERS/Brendan McDermid/File Photo
BusinessElectric Vehicles (EVs)News

Arm second-quarter revenue and profit top expectations, shares slide

Arm Holdings surpassed Q2 earnings expectations with strong revenue growth from its new v9 tech, fueling AI optimism.

FILE PHOTO: Mobileye logo is seen near computer motherboard in this illustration taken January 8, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
AutomotiveBusinessNewsTransport

Mobileye slashes annual forecasts on uncertain demand; shares fall

Israeli self-driving company Mobileye revenue reconsidered as carmakers around the world cut production and reduce demand for chips.

FILE PHOTO: A Tesla Cybertruck is parked on a local Tesla dealer in Paramus, New Jersey, U.S., July 23, 2024.  REUTERS/Eduardo Munoz/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

Tesla’s bleak margins sour investors as Musk hypes everything but cars

Tesla shares sank more than 11% on Wednesday CEO Elon Musk hyped the company's investment plans for AI and self-driving technologies

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