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You can’t mention Microsoft without mentioning AI, OpenAI and its strong pivot into artificial intelligence overall. Microsoft famously invested $13 billion in OpenAI early in 2023.
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Nvidia’s competitors had been playing catch up but none could seriously challenge its H100 chips. The gap between Nvidia and its competition is likely to widen.
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hose legal cases threaten to cut deeply into its earnings and have caused share prices to plummet in 2023. In fact, share prices have fallen by roughly 20% throughout the year.
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Humira sales, which accounted for $3.55 billion of the firm’s $13.93 billion in revenues, declined by 36% in the period. The drug anchors AbbVie’s rheumatology segment, which declined by 11.3%.
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Fiverr released earnings a few weeks ago. Those earnings showed that revenues grew by more than 12%, reaching $92.5 million. The companies that buy services through Fiverr’s platform are spending more money.
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The company increased its provision for credit loss by 58% to $1.23 billion. Despite that, American Express saw its income increase by 30%, reaching $2.45 billion.
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Salesforce is the predominant name in that space and accounts for roughly 20% of the market. Additionally, Salesforce has invested heavily in AI and is collaborating with predominant firms in Silicon Valley to develop those tools.