The company delivered a robust sales forecast, powered by demand for the processors that run artificial intelligence systems.
Consumer spending and exports fell in the first three months of this year, adding to a slump in late 2022 in Europe’s largest economy.
Its president, Brad Smith, said companies needed to “step up” and governments needed to “move faster” as artificial intelligence progressed.
Shareholders are set to vote on Thursday whether to back the gene-sequencing company’s incumbent board or candidates named by the activist investor.
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Companies have used inflation as an excuse for generous price increases, first-quarter earnings reports suggest. That may be one reason a recession is permanently six months away.
The U.S. and its closest allies said Chinese hackers are targeting critical infrastructure using a novel method that is difficult to detect.
The world’s fourth-largest economy shrunk for a second consecutive quarter as households cut their spending, which could prompt greater caution by the European Central Bank.
The graphics-chip giant forecast a strong revenue bounce back for the current quarter, driven by growing appetite for generative AI technology. Shares jumped nearly 25% in premarket trade.
The ventures represent the latest attempts by tech entrepreneurs to transform established industries.