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Italy's antitrust authority ordered Meta to halt WhatsApp terms that exclude rival AI chatbots, citing potential abuse of a dominant position. Meta criticized the decision, claiming AI chatbots strain their systems. The investigation, part of broader EU actions against Big Tech, aims to prevent market restriction and consumer harm. The Italian watchdog is coordinating with the European Commission for effective resolution.
Bernstein's research report points out that NVIDIA's valuation has fallen to a historical low, with the expected price-to-earnings ratio dropping below 25 times, representing a rare discount compared to the semiconductor industry. Despite the recent stagnation in stock price, its earnings continue to be revised upward, and new architectures such as Blackwell are poised for launch. Analysts believe that now is an excellent buying opportunity, with a target price of $275
The season finale of Pluribus, a sci-fi drama on Apple TV created by Vince Gilligan, concluded with significant developments and opened new storylines. A second season is confirmed.
Addenda Capital Inc. increased its stake in Microsoft Corporation by 32.2% in the third quarter, owning 130,940 shares valued at $67.82 million. Microsoft constitutes 2.5% of Addenda's portfolio. Other institutional investors also adjusted their positions in Microsoft. The company's stock opened at $486.85 with a market cap of $3.62 trillion. Microsoft reported strong earnings, with a net margin of 35.71% and revenue up 18.4% year-over-year.
A federal judge upheld President Trump's $100,000 fee on new H-1B visas, rejecting a challenge by U.S. business groups. The decision impacts tech companies like Amazon, Microsoft, and Tata Consultancy, which rely on foreign skilled workers. The U.S. Chamber of Commerce expressed disappointment, citing potential affordability issues for small businesses. The H-1B program, crucial for hiring specialized talent, will see increased costs, affecting visa issuance and employment strategies.
