Enterprise
Snowflake surges 13% on earnings beat as company expands AI push
Jakub Porzycki | Nurphoto | Getty Images Snowflake shares popped more than 13% Thursday after the data analytics software company posted stronger-than-expected fourth-quarter results. The company reported adjusted earnings of 30 cents per share on $987 million in revenue, surpassing the 17 cents per share and $956 million in sales expected by analysts polled by […]
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Amazon touts its first quantum computing chip a week after Microsoft’s unveiling
Amazon on Thursday revealed its first chip for quantum computing, and said the design is a step toward building efficient high-scale systems. The processor is called Ocelot, and the announcement comes as more tech companies tout their advancements in quantum. Last week, Amazon cloud rival Microsoft showed off its inaugural quantum chip. Microsoft had a […]
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Nvidia CEO Huang says AI has to do ‘100 times more’ computation now than when ChatGPT was released
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during a news conference in Taipei, Taiwan, on Tuesday, June 4, 2024. Annabelle Chih | Bloomberg | Getty Images Nvidia CEO Jensen Huang said next-generation AI will need 100 times more compute than older models as a result of new reasoning approaches that think “about […]
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Teladoc shares tumble on wider-than-expected loss, disappointing revenue guidance
Teladoc Health Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Tuesday, Dec. 31, 2024. Michael Nagle | Bloomberg | Getty Images Teladoc Health shares fell in extended trading on Wednesday after the company reported a wider loss than analysts expected and issued disappointing quarterly guidance. Here’s […]
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Salesforce misses on revenue, issues disappointing guidance
Salesforce CEO Marc Benioff attends the 55th annual meeting of the World Economic Forum in Davos, Switzerland, on Jan. 23, 2025. Halil Sagirkaya | Anadolu | Getty Images Salesforce reported weaker-than-expected quarterly revenue on Wednesday and issued a forecast that fell short of analysts’ estimates. The stock slid 6% in extended trading. Here’s how the […]
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Super Micro Computer surges 20% after filing delayed financials by deadline
Charles Liang, CEO of Super Micro Computer, during the AMD Advancing AI event in San Jose, California, on Dec. 6, 2023. David Paul Morris | Bloomberg | Getty Images Super Micro Computer shares rallied 20%% after the AI server company filed its delayed financial results by the Nasdaq’s deadline. The company’s auditor BDO wrote in […]
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Workday beats estimates for revenue and profit, stock jumps
Carl Eschenbach, CEO of Workday speaks on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 23, 2025. Gerry Miller | CNBC Workday, the maker of human resources and finance software, reported better-than-expected quarterly results on Tuesday. The shares popped more than 7% in extended trading. Here’s how the company did […]
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Hims & Hers shares plunge 28% on concerns over weight loss business, margins
The Hims app arranged on a smartphone in New York, US, on Wednesday, Feb. 12, 2025. Gabby Jones | Bloomberg | Getty Images Shares of Hims & Hers Health fell 28% on Tuesday, a day after the telehealth company released fourth-quarter results that disappointed on gross margin and sparked concerns about the future of its […]
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Chegg sues Google for hurting traffic with AI as it considers strategic alternatives
Chegg seen at the New York Stock Exchange on Feb. 13, 2025. Danielle DeVries | CNBC Chegg on Monday filed suit in federal district court against Google, claiming that artificial intelligence summaries of search results have hurt the online education company’s traffic and revenue. The legal move come nearly two years after former CEO Dan […]
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Hims & Hers shares tumble 18% as margin miss adds to concerns about GLP-1 business
The New York Stock Exchange with a Hims & Hers Health banner is pictured in the Manhattan borough of New York City. Carlo Allegri | Reuters Hims & Hers Health shares plunged 18% in extended trading on Monday after investors looked past better-than-expected revenue and earnings and focused instead on the disappointing gross margin. Here’s […]
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