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Accessibility: Skip TopNav Applied Materials Announces Third Quarter 2026 Results August 13, 2026 16:01 ET | Source: Applied Materials, Inc. Applied Materials, Inc. Record revenue $9.12 billion, up 25 percent year over year GAAP gross margin 50.3 percent and non-GAAP gross margin 50.4 percent GAAP EPS $3.17 and record non-GAAP EPS $3.50, up 43 percent and 41 percent year over year, respectively EPIC Center R&D partnerships expand to 11 engagements with leading chipmakers, universities and innovation partners SANTA CLARA, Calif., Aug. 13, 2026 (GLOBE NEWSWIRE) -- Applied Materials, Inc. (NASDAQ…

Microsoft Is Retreating in China, but AI Keeps a Door Open Faizan Farooque Fri, August 14, 2026 at 2:51 AM GMT+10 1 min read MSFT This article first appeared on GuruFocus . Software and cloud giant Microsoft Corp. ( MSFT , Financials ) has been steadily decreasing its footprint in China as the market becomes difficult to explain due to geopolitical pressure, local rivalry and U.S. export restrictions.Microsoft has shuttered at least 15 branch offices and joint ventures in China over the past five years and even toyed with quitting the country entirely in 2023, Reuters reported.In the end, the…

Pfizer CEO Buys $1 Million of Stock Faizan Farooque Thu, August 13, 2026 at 10:20 PM GMT+10 1 min read PFE This article first appeared on GuruFocus . Pfizer Inc. ( PFE , Financials ) The pharmaceutical giant earned a new vote of confidence from its top executive . Albert Bourla bought about $1 million worth of company stock. Bourla purchased 38,000 shares at $26.34 apiece, which increased his ownership interest to 429,172 shares.The reason people watch insider buying is that CEOs are already compensated very well based on how well the firm does, so buying shares on the open market is more inte…

(Image credit: Getty / Bloomberg) Copy link Facebook X Whatsapp Reddit Pinterest Flipboard Email Share this article 4 Join the conversation Follow us Add us as a preferred source on Google Newsletter Subscribe to our newsletter Elon Musk told employees of SpaceX that the power capacity of the company's xAI data centers will increase by 7x to 10GW by late 2027. If this happens, the company's data centers will bring the company some $300 billion – $500 billion in revenue per year, according to Musk. The claim comes as SpaceX's market capitalization dropped by nearly $570 billion in less th…