Dell beats estimates as server sales soar 80%, riding AI wave
Dell said it recorded $3.1 billion of AI server sales in the quarter, up from $1.7 billion in the May quarter.
Financial News
Nvidia reports 122% revenue growth on surging demand for data center chips
Nvidia reported second fiscal-quarter earnings Wednesday after the bell.
Nvidia has become world’s ‘most important stock,’ adding pressure to upcoming earnings report
Nvidia has been the primary beneficiary of the AI boom, as a handful of the richest technology companies order billions of dollars of the company’s processors.
Apple announces iPhone event for Sept. 9
The launch event will be streamed on Apple’s website and YouTube.
Boeing Starliner returning empty as NASA turns to SpaceX to bring astronauts back from ISS
Boeing will return its capsule from the International Space Station without the NASA astronauts that Starliner delivered to orbit.
Meta says it found WhatsApp accounts linked to Iranian hackers targeting Biden, Trump officials
Meta said it blocked a “small cluster” of WhatsApp accounts linked to an Iranian hacking group targeting U.S. officials.
Fed Chair Powell indicates interest rate cuts ahead: ‘The time has come for policy to adjust’
Powell laid the groundwork for interest rate cuts ahead, though he declined to provide exact indications on timing or extent.
FDA approves updated Pfizer, Moderna Covid vaccines as virus surges; shots to be available within days
The Covid jabs target a strain called KP.2, a descendant of the highly contagious omicron subvariant JN.1 that began circulating widely in the U.S. this year.
Fed minutes point to ‘likely’ rate cut coming in September
The Federal Reserve on Wednesday released minutes from its July 30-31 policy meeting.
Mpox is ‘not the new Covid’ and the disease can be stopped, WHO director says
Mpox is “not the new Covid” and the risk to the general population is low, according to the WHO’s regional director for Europe.