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 …
Look out, Super Micro investors, as Dell is starting to cement itself as a major player in artificial intelligence in the computer-server and storage market. The company’s shares surged 19% in after-hours trading, as Chief Operating Officer Jeff Clarke and Chief Financial Officer Yvonne McGill spent much of their time on the earnings call answering …
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, …
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 …
SAN JOSE, Calif. â Two tech CEOs scrambling to produce more of the sophisticated chips needed for artificial intelligence met for a brainstorming session Wednesday while the booming marketâs early leader reported another quarter of eye-popping growth. Intel INTC , a Silicon Valley pioneer that has been struggling in recent years, laid out its plans …
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 …
Last Updated: Feb. 15, 2024 at 8:12 p.m. ET First Published: Feb. 15, 2024 at 5:12 p.m. ET Applied Materials Inc. delivered upbeat results and guidance Thursday afternoon, and its stock surged in the extended session. The chip-equipment company logged fiscal-first quarter net income of $2.02 billion, or $2.41 a share, compared with $1.72 billion, …
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 …