(Bloomberg) — Snowflake Inc. is in talks to acquire startup Reka AI for more than $1 billion, expanding the software maker’s effort to offer generative AI capabilities, according to people familiar with the matter. Most Read from Bloomberg Reka AI makes large language models — software trained on massive swaths of the internet that can …
Check out the companies making headlines in midday trading. Hormel Foods — Shares popped 13.3% after the food processing company beat fiscal first-quarter earnings and revenue expectations. It posted earnings of 41 cents per share, excluding items, on revenue of $3 billion. Analysts polled by FactSet had called for earnings of 34 cents per share …
Check out the companies making headlines before the bell. Snowflake — The cloud data company sank after posting disappointing product revenue guidance for the first quarter and announcing that CEO Frank Slootman is retiring. Snowflake said it expects product revenue to range between $745 million and $750 million in the current period, below the $759 …
In this article, we will be taking a look at the 16 best cloud computing stocks to buy now. To skip our detailed analysis of the cloud computing industry, you can go directly to see the 5 Best Cloud Computing Stocks To Buy Now. Throughout 2023, the information technology sector consistently surpassed both investor and …