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, …
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 …
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 …
Published: Feb. 6, 2024 at 7:25 p.m. ET Apple Inc. AAPL has scored a summary judgment in an antitrust lawsuit filed by AliveCor over heart-rate technology in the Apple Watch. Federal Judge Jeffrey White of the the Northern District of California made the ruling, which remains under seal, on Jan. 31. “At Apple, our teams …
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 …
Last Updated: Jan. 24, 2024 at 8:16 p.m. ET First Published: Jan. 24, 2024 at 4:21 p.m. ET ServiceNow Inc.’s stock retreated 1% in after-hours trading Wednesday, after the company reported a quarterly bounce in revenue on strong subscription sales. “The gen-AI solutions we put into the marketplace in one quarter outsold any other product …
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 …
Amazon.com Inc. shares offer the most upside among large-capitalization internet companies going into next year, an analyst wrote Thursday. Piper Sandler’s Thomas Champion just dubbed Amazon’s stock AMZN, -0.95% his top large-cap pick for 2024, citing the e-commerce giant’s potential to improve retail margins and generate strong momentum in the cloud. “Retail margins have improved …
Silicon Valley legend John Chambers is sold on artificial intelligence, but he sees choppy times in its near future. “Going into 2024, it will be the decade of AI in front of us, which will dwarf the size of the internet and cloud eras combined,” Chambers, who runs venture fund JC2, said in an interview …