latest news in companies
Tesla Misses Earnings Targets Amid Heavy Spending on Artificial Intelligence
Austin, Wednesday, 22 July 2026.
Tesla’s profits missed expectations as heavy spending on artificial intelligence infrastructure drove free cash flow to a negative 1.1 billion dollars, overshadowing a strong quarterly revenue beat.
Samsung Launches New Foldable Phones Built with Ultra-Strong Titanium Screens
London, Wednesday, 22 July 2026.
At its London Unpacked event, Samsung debuted the Galaxy Z Fold 8 Ultra, featuring a breakthrough titanium display film that is twenty times stiffer, virtually eliminating the screen crease.
Wistron Launches $700 Million Texas Factory to Build Nvidia AI Hardware
Fort Worth, Wednesday, 22 July 2026.
Wistron’s new Texas facility mass-produces Nvidia’s two-tonne, $4 million AI superchips, utilizing advanced digital twins that slashed design simulation times from 15 hours to just 3.6 seconds.