Enterprise
CoreWeave CEO responds to data center delays as stock plunges. Core Scientific shares fall
CoreWeave shares sank 13% on Tuesday after CEO Mike Intrator addressed delays at a third-party data center developer that hit full-year guidance in its latest earnings report. “Quite frankly, every single part of this quarter went exactly as we planned, except for one delay at a singular data center,” Intrator told CNBC’s “Squawk on the Street” on […]
Read More
Rocket Lab rises 5% on record third-quarter revenue, launch backlog
Rocket Lab‘s stock rose as much as 5% on Tuesday after the space company posted record revenues in the third-quarter as it scoops up more launch deals and builds its backlog. The company, which makes satellites and rockets and provides launch services to its customers, on Monday reported revenue of $155 million for the period. […]
Read More
AI spending is not all equal. Wall Street rewards hyperscalers, punishes DoorDash and Duolingo
Duolingo, Doordash and Roblox apps Tiffany Heard-Grear | Bloomberg | Getty Images Across the tech sector this earnings season, companies told Wall Street to get ready for ramped up spending as the artificial intelligence boom accelerates. But while investors largely rewarded the megacaps for their boosted capital expenditure forecasts, or just shrugged off their guidance, […]
Read More
CoreWeave’s revenue more than doubles as AI buildout expansion accelerates
Michael Intrator, co-founder and chief executive officer of CoreWeave, center, appears at the Nasdaq MarketSite in New York on March 28, 2025. CoreWeave raised $1.5 billion in its initial public offering, a downsized deal that reflects how stock market volatility is hurting demand for even highly anticipated listings. Michael Nagle | Bloomberg | Getty Images […]
Read More
Palantir CEO Karp twice slams short sellers as stock suffers worst week since April
Palantir co-founder and CEO Alex Karp attends meetings at the U.S. Capitol in Washington on Oct. 18, 2023. Jonathan Ernst | Reuters With Palantir’s stock plummeting more than 11% this week despite a better-than-expected earnings report, CEO Alex Karp took aim at investors betting against the software company. Karp, who co-founded Palantir in 2003, went […]
Read More
Archer tanks 12% after air taxi maker sells additional 85 million shares, buys LA-area airport
Courtesy: Archer Aviation Archer Aviation‘s stock plummeted 12% after a share sale overshadowed a narrower-than-expected third-quarter loss. The company posted a net loss $129.9 million, narrower than the FactSet estimate of a $178.6 million loss. However, Archer disclosed a $650 million stock offering for 81.25 million shares to support its $126 million acquisition of Hawthorne […]
Read More
Trump budget cuts, agency gutting, leave Americans and economy at greater risk of being hacked, experts warn
Almost a year into the second Trump administration, public sector leaders and cybersecurity experts say budget cuts and gutting of federal agencies are weakening critical lines of government communication to help companies prepare and respond to cyberattacks, even as AI threats are rising. The most recent assessment of cybersecurity, based on the goals set forward […]
Read More
Google’s decade-long bet on custom chips is turning into company’s secret weapon in AI race
Sopa Images | Lightrocket | Getty Images Nvidia has established itself as the undisputed leader in artificial intelligence chips, selling large quantities of silicon to most of the world’s biggest tech companies en route to a $4.5 trillion market cap. One of Nvidia’s key clients is Google, which has been loading up on the chipmaker’s […]
Read More
Airbnb shares rise on revenue beat, stronger-than-expected forecast
Shares of Airbnb rose as much as 5% in extended trading on Thursday after the company reported third-quarter results that beat analysts’ estimates for revenue and offered rosy guidance. Here’s how the company did based on average analysts’ estimates compiled by LSEG: Earnings per share: $2.21 vs. $2.34 cents expected Revenue: $4.10 billion vs. $4.08 billion expected […]
Read More
Datadog’s stock soars 23% on revenue beat, posts second-best day ever
Omar Marques | SOPA Images | Lightrocket | Getty Images Datadog shares jumped 23% on Thursday after the software company reported third-quarter revenue that topped Wall Street estimates and issued a strong forecast for the fourth quarter. The stock had its second-best day ever, behind only November 2023, when shares rose 28%. The company reported […]
Read More