Hewlett Packard Enterprise Co
Stocks making the biggest moves midday: D-Wave Quantum, Moderna, Agilysys, Tesla and more
Check out the companies making headlines in midday trading. D-Wave Quantum — The quantum computing stock surged more than 26% after announcing its latest computing system called Advantage2. Agilysys — The enterprise software developer for the hospitality industry rallied 21% after topping analysts expectations in its latest quarter. Agilysys reported fiscal fourth-quarter adjusted EBITDA of […]
Read More
Stocks making the biggest moves premarket: Home Depot, Amer Sports, Viking Holdings & more
Check out the companies making headlines in premarket trading. Home Depot — The home improvement retailer gained 2.4% after it stuck by its guidance for the full year . CFO Richard McPhail also told CNBC Home Depot doesn’t plan to increase prices due to tariffs. Viking Holdings — Shares of the cruise line fell 5.6% […]
Read More
CrowdStrike announces 5% job cuts, says AI is ‘reshaping every industry’
George Kurtz, co-founder and chief executive officer of Crowdstrike Inc., speaks during the Montgomery Summit in Santa Monica, California, U.S., on Wednesday, March 8, 2017. Patrick T. Fallon | Bloomberg | Getty Images Cybersecurity software maker CrowdStrike said Wednesday it plans to lay off 500 employees, representing about 5% of its workforce, a move CEO […]
Read More
Super Micro shares dive after server maker issues weak preliminary financials
Super Micro Computer CEO Charles Liang at the Computex conference in Taipei, Taiwan, on June 5, 2024. Annabelle Chih | Bloomberg | Getty Images Super Micro shares plunged as much as 19% on Tuesday after the server maker announced preliminary results for the fiscal third quarter that were lower than analysts had projected. Here’s how […]
Read More
Elliott Management takes a stake in Hewlett Packard Enterprise. How the firm may create value
A general view of the Hewlett Packard Enterprise company offices in Minneapolis, Minnesota, on Jan. 3, 2024. AaronP | Bauer-Griffin | GC Images | Getty Images Company: Hewlett Packard Enterprise (HPE) Business: Hewlett Packard Enterprise is a global edge-to-cloud company. It delivers open and intelligent technology solutions as a service. The company offers cloud services, […]
Read More
Stocks making the biggest moves midday: Netflix, Bank of America, Boeing, Rocket Lab and more
Check out the companies making headlines in midday trading. HP Enterprise – The cloud services company saw shares jump 5% after news that Elliott Management has taken a $1.5 billion stake in the company. Elliott Management hopes to engage the company in discussions on how to improve shareholder value, a person familiar with the matter […]
Read More
HPE shares pop after activist Elliott Management takes $1.5 billion stake
Shares of Hewlett Packard Enterprise jumped nearly 5% after Elliott Investment Management built a more than $1.5 billion stake in the server maker, a person familiar with the matter told CNBC. The activist investor hopes to engage the company in discussions on how to improve shareholder value, the source said. Elliott and HPE declined to […]
Read More
Nvidia’s Jensen Huang on why DeepSeek’s new model will need ‘100 times more computing’
CEO Jensen Huang discussed the impact of Chinese startup DeepSeek’s new artificial intelligence model in a Wednesday interview with CNBC’s Jim Cramer at Nvidia‘s annual GTC conference. Huang asserted that the groundbreaking model will actually require more computation than many in the industry thought. According to Huang, DeepSeek’s R1 model is “fantastic” because it is […]
Read More
Stocks making the biggest moves midday: Costco, Tesla, Broadcom, Gap, Samsara and more
Check out the companies making headlines in midday trading: Costco — Shares shed nearly 7% after the retail giant’s earnings for the second quarter missed Wall Street estimates. Costco reported earnings of $4.02 per share for the period, below the $4.11 per share that analysts surveyed by LSEG were expecting. Second-quarter revenue, however, topped estimates. […]
Read More
Stocks making the biggest moves premarket: Walgreens, Broadcom, Gap, Hewlett Packard Enterprise and more
Check out the companies making headlines before the bell. Broadcom — Shares of the chipmaker jumped 10% after the company’s fiscal first-quarter results beat Wall Street’s estimates on both the top and bottom lines. Broadcom also issued rosy guidance for the current quarter. The company forecasts second-quarter revenue of $14.9 billion, above the $14.76 billion […]
Read More