Salesforce (CRM) reported second-quarter earnings and revenue that came in ahead of analyst expectations thanks to a surge in bookings and early renewals for key clients. Here’s how the company performed compared to the consensus: Earnings: $2.56/share compared to the estimate of $2.35/share. Revenue: $9.3 billion compared to the estimate of $9.2 billion. Revenue [...]
Ambarella (AMBA) started Wednesday morning where it left off yesterday, climbing higher on the heels of an earnings beat in the fiscal second quarter. The stock is up 11% so far today and 21% in the past week. This comes after the company delivered a narrower loss than experts were expecting with EPS of [...]
It’s no secret that Nvidia Corporation (NVDA) has been the center of attention since the AI boom began a few years ago. It’s surged nearly 3,000% in the past 5 years and until recently, showed no signs of slowing down. Even after a few slight hiccups throughout the summer thus far, it’s always responded [...]
Intel Corporation (INTC) has been losing its footing over the past month after the company announced a revision to its second-quarter earnings and revenue outlook. The stock has fallen more than 27% since the start of August, adding to a more concerning long-term trend. INTC has lost nearly 60% of its value through 2024 [...]
Shares of Zoom (ZM) are up 12% so far Thursday morning after the company released its fiscal second-quarter earnings, which came in well above the analyst consensus. The company also shared a very optimistic outlook for the remainder of the year. Here’s how the quarterly results shook out: Adjusted earnings per share: $1.34 compared [...]
Shares of Advanced Micro Devices (AMD) are up more than 11% this week after the company announced its acquisition of ZT Systems. Acquiring the AI infrastructure provider is a strategic move that will boost the chip maker's bottom line in 2025. ZT Systems is a New Jersey-based company that offers a range of solutions, [...]
There’s no question that cybersecurity is becoming a growing concern for businesses of all sizes, which positions companies like Palo Alto Networks (PANW) to succeed. The company’s CEO, Nikesh Arora, spoke to the need for solutions like those of Palo Alto Networks. These days hackers can do their damage in a mere 3 hours. [...]
Nvidia (NVDA) had been on a torrent pace over the past few years and was due for a reversal, which we saw manifest over the past month. The stock fell from $134.93 to just $98 in a 4-week window, prompting the first real bearish outlook on NVDA in as long as we can remember. [...]
Rumble Inc. (RUM) disclosed its second-quarter earnings results sending shares 5% higher so far Tuesday morning. The video-sharing and cloud services provider has sought to democratize the internet, and users are getting on board. Revenue was up 27% from the first quarter to $22.5 million, but slightly down year over year. The company reported [...]
Taiwan Semiconductor Manufacturing Company (TSM) gave an update on its revenue performance for the month of July this Friday morning, which initially sent shares 3% higher. Since the market opened, though, they’ve stayed around even on the day. The chip manufacturer’s $7.9 billion in sales worked out to a 45% growth in revenue. This [...]
