Financial Highlights
• Revenue: Total third-quarter revenue of $3.5 billion, non-GAAP gross margin of 29.3%, and non-GAAP earnings per share of $0.63, exceeding expectations of $0.21.
• Revenue distribution: Cloud computing market revenue increased 29% year over year, client market revenue increased 20% year over year, and consumer market revenue increased 17% year over year.
• Operating expenses: Operating expenses increased to $728 million in the quarter, and QoQ increased 4%, but decreased by 4% compared to the same period last year. This indicates that the company may be optimizing costs or improving efficiency in some areas, although overall costs are still increasing.
• Cloud services revenue: The cloud services sector showed strong growth, reaching $1,553 million in revenue, a 45% increase in QoQ, and a 29% increase in YoY. This significant growth may reflect the company's expansion in the cloud services market and the increase in market demand.
• Consumer sector: The consumer sector's situation was different, with revenue QoQ falling 13%, but YoY grew 17% to $730 million. The decline in QoQ may be due to seasonal factors or increased competition in the market. However, the annual growth shows that the long-term trend is still positive, showing steady growth in the consumer business.
Business dynamics and market trends
• Product and market strategy: Western Digital continues to develop more...

Good morning mooers! Here are things you need to know about today's market:
● S&P/TSX 60 Index Standard Futures are trading at 1,314.50, down 0.14%.
● Bank of Canada officials split on rate cut timing
● Canada's retail sales flatlined in the first quarter of 2024
● US crude oil stocks fall by 6.4 million barrels from previous week, EIA reports
● Stocks to watch: Teck Resources
Market Snapshot
Today, the Can...

The US stock market showed a strong rebound trend this week. Among them, the S&P 500 Index and the Nasdaq Index both achieved gains of more than 1% for two consecutive days, and the Dow Jones Index also rose for four consecutive days, reaching the highest point in two weeks. The performance of technology stocks was particularly impressive. In particular, Nvidia had a cumulative increase of nearly 4% within two days, making it the leading gainer among the “Seven Sisters” of technology. After falling for seven consecutive days, Tesla experienced a sharp rise of 11% after the after-hours earnings report was released.
In terms of US economic data, the poor performance of the PMI data led to a record low in US bond yields, and the US dollar index hit a new low of more than a week. Meanwhile, the yen quickly rebounded after hitting a new low since 1990. Crude oil prices achieved a V-shaped reversal within a day, and gold and silver prices also rebounded sharply from intraday lows. Furthermore, the price of rentin plummeted by more than 7%, while the price of copper continued to fall from a two-year high.
Against the backdrop of a sharp drop in revenue in the first quarter, Tesla still expects to launch humanoid robots next year, and plans to release more details about its cheap models on August 8. These are all the focus of market attention, and Tesla surged 11% after the market focused. Meanwhile, Apple plans to release the new iPad at a special event on May 7, despite a 19% drop in iPhone sales in the Chinese market.
In the European market, the pan-European stock index also recorded an increase of more than 1%, the biggest one-day increase in three months, and the British stock market continued to hit record highs. Software giant SAP's stock price surged more than 5% after announcing its earnings report.
In the city of China...

The highly anticipated 4th Bitcoin halving event is taking place tomorrow, with the mining reward being halved from 6.25 to 3.15 per block.
There are some mixed expert opinions about what will take place after the halving regarding Bitcoin's price.
Bitcoin has recently peaked, which may have an influence, with Matthew Harcourt, analyst at Apollo Capital, saying that
“In the lead-up to the previous halving, the bitcoin price was around 30 per cent to...

With recent turbulent changes on the world stage, it is difficult to predict what may happen. Conflict in the Middle East continues to escalate, while the Horn of Africa faces severe humanitarian crises. The resurgence of left-wing politics in Latin America is met with right-wing opposition, and economic and security challenges in Asia present a shifting landscape. The ongoing conflict between Russia and Ukraine remains unresolve...