Published: March 5, 2024 at 4:14 p.m. ET Box Inc.’s stock was up more than 13% after hours Tuesday after the software firm reported its first $1 billion fiscal year and announced a $100 million share-buyback program. “Customers in financial services are upgrading to Box AI,” Box Chief Executive Aaron Levie said in an interview, …
Published: March 5, 2024 at 1:23 p.m. ET The technology sector was moving lower Tuesday, taking with it a host of hot stocks that had been riding Wall Street’s enthusiasm for the artificial-intelligence revolution. But one small name stood out in a big way in a sea of mostly red: Shares of Airship AI Holdings …
Published: March 4, 2024 at 3:43 p.m. ET Advanced Micro Devices Inc.’s management projects it will generate upwards of $3.5 billion in revenue this year from graphics processing units for the data center. One Barclays analyst is feeling even more upbeat. Barclays’ Tom O’Malley expects AMD AMD will deliver about $4.5 billion in data-center GPU …
Users of Apple’s AAPL, -0.66% buy-now-pay-later platform will soon have their payment history reported to one of the major credit bureaus, but it won’t affect their credit scores — at least not yet. The announcement marks the latest move by credit bureaus to gradually incorporate buy-now-pay-later data into their models as this type of debt …
Published: Feb. 26, 2024 at 4:16 p.m. ET Zoom Video Communications Inc.âs stock surged in extended trading Monday, after the videoconferencing company topped expectations across the board with its financial results and forecasts. The company also authorized a $1.5 billion buyback. Zoom ZM reported fiscal fourth-quarter net income of $298.8 million, or 95 cents cents a share, …
Published: Feb. 15, 2024 at 9:00 a.m. ET The unlikely trio of Nvidia Corp. Chief Executive Jensen Huang, Super Bowl legend Joe Montana and former Walt Disney Co. Chairman Jeffrey Katzenberg do have something in common. They’re all backing enterprise AI startup Alembic, fresh off $14 million in series A funding led by WndrCo, the …
Published: Feb. 14, 2024 at 5:33 p.m. ET Fastly Inc.âs stock dropped nearly 20% in the extended session Wednesday after the cloud-computing company showed Wall Street a mixed fourth quarter, with revenue coming in below expectations. Fastly FSLY lost $23.4 million, or 18 cents a share, in the quarter, compared with a loss of $46.7 …
Shares of Chegg Inc. slipped after hours on Monday, after the education-technology platform forecast first-quarter sales that were below expectations and said it was “too early to predict when we will return to revenue and margin growth.” The company, which offers textbook rentals and tech-powered homework assistance, offered the forecast as it tries to become …
Nvidia Corp. is the “clear beneficiary” of Meta Platforms Inc.’s rampant spending on artificial intelligence, according to an analyst. The Facebook parent company now expects to spend $30 billion to $37 billion on capital expenditures this year, whereas it was projecting $30 billion to $35 billion previously. The new “outlook reflects our evolving understanding of …
Intel Corp.’s upcoming earnings report is expected to be a busy one as the chip maker discusses trends in the personal-computing and data-center markets, as well as the budding opportunity in artificial intelligence. The results, due out Thursday after the closing bell, come as Intel’s stock INTC, +0.44% has enjoyed a sharp 50%-plus move higher …