Cisco Systems is set to invest in CoreWeave, valuing the cloud services provider at $23 billion, according to a Bloomberg News report on Thursday, citing people familiar with the matter.
Micron Technology surged more than 13% on Thursday, after its first-quarter revenue forecast indicated strong demand and pricing for the high-bandwidth memory chips (HBM) used to support booming generative artificial intelligence technology.
I get at least two press releases a day claiming that some new product or service is going to “completely disrupt the market!!!” or “change life as we know it!!!”
Alphabet’s Google took a major step this year to end an EU antitrust investigation with an offer to sell its advertising marketplace AdX but European publishers rejected the proposal as insufficient, two people with direct knowledge of the matter said on Wednesday.
Intel’s foundry, or contract manufacturing business, has signed up Amazon’s cloud services unit as a customer for making custom artificial intelligence chips, the companies said on Monday, a deal that gives the chip maker a vote of confidence.
Johnson & Johnson owes shareholders of Auris Health $1 billion in damages for breaching a 2019 agreement to acquire the private developer of robotics, a Delaware judge ruled on Wednesday.
Intel will begin to generate a "meaningful" amount of revenue from its contract chip manufacturing business in 2027, the company’s CFO said at an investor conference on Wednesday.
Intel CEO Pat Gelsinger and key executives are expected to present a plan later this month to the company’s board of directors to slice off unnecessary businesses and revamp capital spending as they try to revive the once-dominant chipmaker’s fortunes.
Shares of Salesforce gained about 4% on Thursday as investors cheered the customer relationship management software maker’s upbeat quarterly results and its artificial intelligence push to drive growth.
Dell Technologies raised its annual revenue and profit forecasts on Thursday, buoyed by demand for its AI-optimized servers that are powered by Nvidia’s powerful chips, sending its shares up about 3% in extended trading.
China’s Lenovo Group reported a 20% rise in its quarterly revenue on Thursday, as the global personal computer market showed signs of recovery after a two-year slump.
Apple supplier Foxconn on Wednesday surpassed expectations with a 6% rise in quarterly net profit, driven by a boom in demand for AI servers, and stood by its forecast for full-year revenue to grow significantly.
Expedia shares jumped more than 8% on Friday as markets cheered the online travel agency beating quarterly profit estimates, even as it joined other travel companies in warning of softer demand ahead.
Equinix raised its annual adjusted core earnings forecast on Wednesday, betting on strong demand for its data center operation services amid growing adoption of generative artificial intelligence technology.
Europe’s largest software maker SAP reported a 25% jump in its cloud business and beat analysts’ estimates for total revenue for the second quarter on Monday.
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