Microsoft beat estimates for third-quarter revenue and profit on Thursday, driven by gains from adoption of AI.
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The Pura 70 series Huawei unveiled last week sports the Kirin 9010 processor, TechInsights found in a teardown.
Intel forecast second-quarter revenue and profit below market estimates, sending its shares tumbling.
Meta shares plunged 14% in pre-market trading on Thursday after news of its planned spending on AI unnerved investors.
Upcoming quarterly reports may show Microsoft is closing the gap on cloud computing market leader Amazon.
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Meta Platforms has released early versions of its latest large language model, Llama 3, as it races to beat OpenAI.