Apple's DEI defense, Nvidia's earnings beat, and Amazon's quantum chip: Tech news roundup
Apple shareholders just rejected a proposal to end DEI efforts
Apple (AAPL) shareholders on Tuesday voted to keep the iPhone maker’s diversity policies, shutting down a conservative think tank’s proposal.
The technology giant had defended its diversity, equity, and inclusion (DEI) practices ahead of its annual meeting. In a prepared statement, Apple cited its established compliance program and a desire to create a “culture of belonging where everyone can do their best work.”
Apple will invest $500 billion in the U.S. with a focus on AI
Apple (AAPL) said Monday that it will invest $500 billion in the United States over the next four years, with a focus on supporting domestic manufacturing and artificial intelligence.
Nvidia beats earnings expectations on Blackwell AI chip demand
Nvidia’s (NVDA) revenue and outlook topped analysts’ expectations, driven by demand for its new Blackwell chips. The stock fluctuated in after-hours trading after closing up 3.7%.
Google, Microsoft, and now Amazon: The quantum computing race is heating up
Amazon (AMZN) Web Services has unveiled its first-ever quantum computing chip that it said is a step toward building practical quantum computers at scale.
Just 3 of Nvidia’s customers made up more than 30% of its revenue last year
Nvidia (NVDA) finished the fiscal year by delivering record revenue and outlook above expectations for the fourth quarter — and more than doubling its full-year revenue from the previous year. Read More
Microsoft is canceling data center leases, analysts say — and the stock slips
Microsoft (MSFT) shares fell slightly on Monday following an analyst report that the company canceled some U.S. data center leases, potentially signaling an oversupply of AI infrastructure. Read More
Nvidia’s record earnings reveal just 3 customers make up 30% of revenue
Although the chipmaker will not disclose the companies, its top customers could likely include Alphabet, Amazon, Meta, Microsoft, and Tesla
Apple’s $500 billion bet on America: AI, factories, and thousands of jobs
“We are bullish on the future of American innovation,” Apple CEO Tim Cook said