Google's Moscow-based subsidiary plans to file for bankruptcy, a company spokesperson says. The tech giant has also moved most of its employees out of the country, the company confirmed. The move is the latest development in a tumultuous back-and-forth between the Silicon Valley tech giant and the Russian government.
The demand for electric vehicles (EVs) is clearly rising steeply. In 2021, all the net growth in global car sales came from EVs. While the growth of EVs in the coming years is undisputed, which players will emerge as winner isn't as clear. As the industry is still evolving, investors looking to start a position should look at a company's long-term prospects and be ready to stomach short-term volatility.
Nvidia is reportedly gearing up to announce a new generation of its Turing-style graphics cards. The company is reportedly rolling out the new Turing-based Turing 4000-series in Q3. The new Turing architecture is said to be double the performance of the current generation of Turing cards.
Tesla was booted from the S&P 500's ESG Index. The index uses environmental, social and governance data to rank and recommend companies to investors. Tesla's lack of a low-carbon strategy and lack of "codes of business conduct" were cited as reasons. Apple, Microsoft, Amazon and Exxon Mobil were still included on the list.