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Intel's stock surged 10% to $99.74 as semiconductor stocks experienced a significant rally, lifting the iShares Semiconductor ETF by 6% to $540. Advanced Micro Devices (NASDAQ: AMD) followed suit, climbing 8% to $522, partly fueled by a remarkable 57% year-over-year growth in its data …
Big Tech's cloud backlog has reached a record $2.3 trillion, driven by strong demand for cloud computing services. This represents a 16% increase from the first quarter, with major players like Microsoft, Oracle, Amazon, and Google contributing to the growth. The surge in cloud …
Pressure is building in the artificial intelligence sector, according to NYU finance professor Aswath Damodaran. He warns that the market has likely seen "peak AI," a turning point that may lead to significant challenges for smaller firms involved in AI technology. His perspective comes …
Demand for AI Servers Drives Dell's Stock Upward
Arista Networks (NYSE:ANET) delivered second-quarter revenue of 3.036 billion dollars, up 37.7% from the same period last year and up 12.1% sequentially, marking the company's first quarter surpassing 3 billion dollars in revenue. The result came in well above the 2.8 billion dollar consensus …
Gilead Sciences (NASDAQ:GILD) reported second-quarter revenue of 7.8 billion dollars, up 10% year over year and ahead of the 7.4 billion dollar consensus estimate, driven primarily by higher HIV product sales alongside growth in Trodelvy and Livdelzi. Despite this revenue strength, the company reported …
Oracle's (NYSE:ORCL) financial position has come under intense scrutiny following its fiscal year results for the period ending in May 2026, which showed negative free cash flow, capital expenditure consuming the bulk of revenue, and approximately 260 billion dollars in data center lease commitments, …
Pinterest (NYSE:PINS) reported second-quarter revenue of 1.18 billion dollars, up 18% year over year on a reported basis and 17% in constant currency, beating the 1.15 billion dollar consensus estimate and marking the fourth consecutive quarter above 1 billion dollars in revenue. Adjusted earnings …
The S&P 500 and Dow Jones Industrial Average both closed at record highs Tuesday, with the S&P 500 climbing 1.79% to 7,736.52, its first fresh high since June, while the Dow surged 907.47 points, or 1.71%, to close at 54,085.88. The Nasdaq Composite outperformed, …
SpaceX (NASDAQ:SPCX) reported second-quarter revenue of 7.81 billion dollars, up 92% from 4.1 billion dollars a year earlier, comfortably beating the 6.93 billion dollar consensus estimate in the company's first earnings report since its record initial public offering in June. Net loss narrowed significantly …
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