Shares of Snowflake (SNOW) are surging after the company beat Wall Street’s projections in its latest earnings report, delivering on its AI thesis, with Q1 revenue up 33%. It also announced an acquisition…
Category: Business
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Synopsys drops despite better than expected Q2 results, big boost to full-year guidance
Synopsys just released its Q2 results.
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Marvell Technology rallies with management “significantly raising” its sales outlook for the next two years
The networking and custom chip company just reported Q1 results.
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Salesforce beats expectations for revenue, earnings
The SaaS company reported first quarter fiscal 2027 earnings after the bell Wednesday.
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S&P 500 closes flat as traders weigh peace prospects
The S&P 500 managed to just barely eke out a new record closing high as traders digested conflicting reports on US-Iran negotiations.
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Google DeepMind’s Hassabis: AGI is 3 to 4 years away
Google DeepMind CEO and Nobel Prize-winner Demis Hassabis shortened his prediction for when the era of AGI would be upon us.
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Meta jumps after announcing paid subscriptions for Instagram, WhatsApp, Facebook, and AI
Instagram Plus and Facebook Plus $3.99 a month.
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Uber raises its stake in Delivery Hero to 37%
Earlier this week Bloomberg reported that Uber was considering a full takeover.
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Anthropic’s revenue continues to surge, shooting past OpenAI
As Anthropic and OpenAI race toward their IPOs this year, the trickle of the companies’ financial data has turned into a flow.
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Opendoor surges on news that it’s being re-added to Russell indexes
What a difference a year makes.
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Bitcoin ETFs continue to suffer, with BlackRock’s IBIT seeing $1.29 billion exit in a dark pool transaction
This exodus comes on the heels of last week’s $1.26 billion in outflows.
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Temu’s US web traffic quietly recovered from last year’s tariff blow
Temu’s parent company’s stock is still under pressure though, both this year and this morning.