As go the annual rites, the stock market spent January and early February rewarding companies that had lived up to their promises and exacting punishment from those that had not. The big news: on February 9, Carly Fiorina was booted out of Hewlett-Packard for failing to deliver on the promise of the HP-Compaq merger. If youd been watching HPs stock, you wouldnt have seen it coming: it slid a mere 1.9 percent from January 7 through February 4, presaging nothing. But that was just the point: the companys board was tired of waiting for results. Its shake-up caused the largest one-day move in the stock in more than a year, a 6.9 percent gain.
The stocks of underperforming companies are more likely to fall than to rise, mind you. After coming up short in their fourth quarters, both Amazon.com and eBay suffered rampant selling. The online auctioneer lost nearly a third of its market capitalization over the four weeks ending February 4. Amazon was not far behind. Still, some companies began the year well. New it company Samsung Electronics led the charge, with perennial it company Apple Computer close behind. Sandwiched in between: video game maker Electronic Arts, which saw its quarterly revenue slip but still meet investor expectations in December, resulting in a stock price gain of 15.6 percent through early February. The company, whose stock has returned well over 1,000 percent in the last decade, might be inclined to quote Bonasera from The Godfather, who said, I believe in America. America has made my fortune. And it wouldnt be inappropriate: on February 2, Electronic Arts announced that it was developing a video game of Francis Ford Coppolas masterpiece. Duff McDonald
The TR Large-Cap 100 and Small-Cap 50 indices are updated daily online: www.technologyreview/trindex
You could almost see this one coming. Shares of ExxonMobil were hitting all-time highs in early February as investors celebrated the oil giants fourth-quarter profit of $8.42 billionthe largest quarterly profit ever reported by a U.S. company. This was humbling for analysts, who had expected earnings per share of $1.07. Reported earnings of $1.30 were more than 20 percent higher than that consensus.
DeepMind’s cofounder: Generative AI is just a phase. What’s next is interactive AI.
“This is a profound moment in the history of technology,” says Mustafa Suleyman.
What to know about this autumn’s covid vaccines
New variants will pose a challenge, but early signs suggest the shots will still boost antibody responses.
Human-plus-AI solutions mitigate security threats
With the right human oversight, emerging technologies like artificial intelligence can help keep business and customer data secure
Next slide, please: A brief history of the corporate presentation
From million-dollar slide shows to Steve Jobs’s introduction of the iPhone, a bit of show business never hurt plain old business.
Get the latest updates from
MIT Technology Review
Discover special offers, top stories, upcoming events, and more.