Intel forecast second-quarter revenue and profit below market estimates on Thursday, sending its shares tumbling roughly 8% as it faces weak demand for its traditional data center and PC chips and trails in the surging market for AI components. Businesses have prioritized spending on advanced and speedy artificial intelligence server chips, hurting demand for Intel's central processing units (CPUs), which have been the mainstay chip powering data centers for decades. Helped by its software,...
(Bloomberg) -- Arm Holdings Plc shares tumbled after the chip designer gave a lukewarm revenue forecast for the fiscal year, raising concerns that the tech industry’s artificial intelligence spending spree is slowing. Most Read from BloombergAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackStormy Daniels Will Return to Court in Test of Trump’s DemeanorTrump Judge Indefinitely Postpones Documents Case TrialMicrosoft’s Xbox Is Planning More Cuts After Studio ClosingsFor fiscal...
on Tuesday reported weaker-than-expected quarterly earnings and revenue,
The Canadian e-commerce company beat on the top and bottom line, but it
Shares of DoorDash (DASH) are falling during after-hours trading on Wednesday, following the release of the company's first quarter results. Despite beating revenue expectations by posting $2.51 billion in revenue, surpassing analyst estimates of $2.45 billion, the company's weaker-than-expected outlook for the second quarter is weighing on the stock price. Yahoo Finance's Brooke DiPalma breaks down the delivery company's quarterly results. For more expert insight and the latest market action,...
For years, we have highlighted Intel's loosely defined CPU power specs and the problems they pose for customers. The issue now is that some 13th and 14th-gen processors have started crashing.Read Entire Article
Uber forecast second-quarter gross bookings below expectations after missing the target for the first three months on Wednesday, signaling weakness in its ride-share and food delivery services. The company's profitability push, however, is yielding result as core profit for the first quarter and its forecast exceeded Wall Street expectations. Its report comes a day after Lyft posted better-than-expected results and forecast a strong quarter. Uber's smaller rival said it was seeing industry-wide...
The weakness in a key metric that denotes the total value of revenue earned on the Uber platform signals demand weakness for the company's ride-share and food delivery services. The company's profitability push, however, is yielding result as core profit for the first quarter and its forecast exceeded Wall Street expectations. Uber's smaller rival said it was seeing industry-wide growth in ride-share demand and was able to draw in users with features like shorter wait-times.
Defense-tech and AI firm Palantir reported earnings that beat analyst expectations on revenue, but also issued weaker-than-hoped for full-year guidance.
Apple shares jumped 6% today as the iPhone maker’s record stock buyback plan and promise of sales growth brought back investors who have shunned the stock on concerns over weak demand and increased competition in China.
Coinbase Global Inc. posted higher-than-forecast first-quarter revenue and
The French economy grew more than expected in the first quarter, official data showed on Tuesday, delivering good news to a government facing scrutiny over the country's huge debt pile.