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 …
Published: March 3, 2024 at 7:22 p.m. ET By Kosaku Narioka Japan’s benchmark stock index rose above 40000 for the first time, driven by greater corporate earnings and a surge in chip-related stocks, thanks to enthusiasm for beneficiaries of artificial intelligence. The Nikkei Stock Average was recently 0.9% higher at 40258.41 on Monday morning. On… …
UBS Groupâs global wealth management business has raised its year-end target for the S&P 500 index to 5,200, citing drivers such as surging investment in artificial intelligence and stronger-than-expected company earnings. The S&P 500, a gauge of large-cap stocks in the U.S., broke past 5,100 on Friday morning, after AI beneficiary Nvidia Corp. NVDA on …
Iâm bullish on Intel for three main reasons: the leadership of Chief Executive Pat Gelsinger, the companyâs strong ecosystem and Intelâs INTC ambitious foundry business â which has perhaps found the perfect moment to become the most important driver of Intelâs future. Open AI CEO Sam Altman drew widespread attention recently when he appealed for up …
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 …
Here are some markets, economy and stock predictions for 2024, including what would be a most unexpected outcome for the U.S. economy. First, a reminder: “The markets and the economy are not the same.” 1. AI continues to capture the world’s imagination: The biggest corporations start using artificial intelligence for real-world business purposes, including supply-chain management, distribution improvements …
Published: Jan. 3, 2024 at 2:59 p.m. ET GSI Technology Inc. has been awarded a $1.1 million contract to develop an artificial-intelligence chip for the Department of the Air Force, the company announced Wednesday. The chip will be used for in-aircraft search and rescue, object detection, moving-target indication and change detection, GSI GSIT said. As …