International Business Machines Corp
Stocks making the biggest moves after hours: Chipotle, Texas Instruments, ServiceNow and more
Check out the companies making headlines in after-hours trading: Chipotle Mexican Grill — Chipotle missed first-quarter revenue estimates and said same-store sales declined for the first time since 2020, leading the stock to drop 2%. The burrito chain reported adjusted earnings per share of 29 cents, while analysts polled by LSEG forecast 28 cents per […]
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IBM beats on earnings and revenue, maintains full-year guidance
IBM CEO Arvind Krishna speaks at the SXSW conference in Austin, Texas, on March 11, 2025. Andy Wenstrand | Sxsw Conference & Festivals | Getty Images IBM reported better-than-expected earnings and revenue for the first quarter on Wednesday. Here’s how the company performed: Earnings per share: $1.60 adjusted vs. $1.40 expected Revenue: $14.54 billion vs. […]
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CoreWeave shares slump nearly 10% in second day of trading
Michael Intrator, Founder & CEO of CoreWeave, Inc., Nvidia-backed cloud services provider, attends his company’s IPO at the Nasdaq Market, in New York City, U.S., March 28, 2025. Brendan McDermid | Reuters CoreWeave‘s stock sank nearly 10% on Monday, falling well below its initial public offering price. The artificial intelligence cloud provider sold shares at […]
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Nvidia turned CoreWeave into a major player in AI years before helping to save its IPO
CoreWeave founders Brian Venturo, at left in sweatshirt, and Mike Intrator slap five after ringing the opening bell at Nasdaq headquarters in New York on March 28, 2025. Michael M. Santiago | Getty Images News | Getty Images If not for Nvidia, there would be no CoreWeave IPO. The artificial intelligence infrastructure startup might still […]
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CoreWeave prices IPO at $40 a share, below expected range
Michael Intrator, co-founder and CEO of CoreWeave, speaks at Web Summit in Lisbon, Portugal, on Nov. 13, 2024. Carlos Rodrigues | Sportsfile | Web Summit | Getty Images CoreWeave on Thursday priced shares at $40 in the company’s IPO, raising $1.5 billion in the biggest U.S. tech offering since 2021, CNBC has confirmed. The company, […]
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Why startups and tech giants are racing to build a practical quantum computer
Technology giants Amazon, IBM, Google, Intel and Microsoft are all working on quantum technology, as are various other companies like Rigetti, IonQ, Quantum Computing Inc. and D-Wave Quantum Inc. The latest entrant into the space is Nvidia, with CEO Jensen Huang announcing in March that the company will build a quantum computing research center in […]
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AMD’s Lisa Su has already vanquished Intel. Now she’s going after Nvidia
Lisa Su, CEO of AMD, attends the Artificial Intelligence (AI) Action Summit at the Grand Palais in Paris, France, Feb. 10, 2025. Benoit Tessier | Reuters When Lisa Su became CEO of Advanced Micro Devices in late 2014, the company was in dire straits and on the brink of potential bankruptcy. In its core market, […]
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134 million tons of textiles will be wasted annually by the end of the decade. What if we could recycle it instead?
When polyester was invented, the goal was to create a durable and resistant fabric that could retain its colour and shape — without wrinkles. Almost 85 years later, polyester is everywhere. According to standards body Textile Exchange, polyester is the clothing industry’s most popular fabric. About 49% of clothing contains the synthetic fabric. Unfortunately, polyester […]
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Microsoft reveals its first quantum computing chip, the Majorana 1
Microsoft on Wednesday announced Majorana 1, its first quantum computing chip. The achievement comes after the company has spent nearly two decades of research in the field. Technologists believe quantum computers could one day efficiently solve problems that would be taxing if not impossible for classical computers. Today’s computers use bits that can be either […]
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Eight years after selling AppDynamics to Cisco, Jyoti Bansal is pursuing an unusual merger
Jyoti Bansal, co-founder and CEO of startup Harness. Harness Jyoti Bansal knows about weird acquisitions. Eight years ago, his software company, AppDynamics, was on the doorstep of a blockbuster IPO. A day before the offering, Cisco swooped in and bought the company for $2.7 billion Now Bansal is at the center of an equally unconventional […]
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