Apple's DEI defense, Nvidia's earnings beat, and Amazon's quantum chip: Tech news roundup
Plus, Apple says it will invest $500 billion in the U.S. with a focus on AI
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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.”
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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.
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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%.
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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.
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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
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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
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Although the chipmaker will not disclose the companies, its top customers could likely include Alphabet, Amazon, Meta, Microsoft, and Tesla
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“We are bullish on the future of American innovation,” Apple CEO Tim Cook said