ServiceNow slips despite beating Q4 earnings expectations
Cloud software giant delivered better-than-expected Q4 sales and earnings after the close of trading on Wednesday, though the shares slipped in after-hours trading. The company reported: Revenue of $...
Microsoft beats Q2 earnings and revenue, but stock falls on ballooning capex
beat on second-quarter earnings and revenue, but shares fell in after-hours trading as its capex soared. The company posted $81.3 billion in revenue for the quarter, topping analysts’ expectations o...
Here’s what to look for in today’s Microsoft earnings report
Today after market close, will report its second-quarter earnings. Demand for the company’s Azure AI cloud computing is white-hot, and the company can’t keep up. All eyes will be watching Azure’s rev...
Cloudflare surges as developers use Cloudflare Tunnels to host instances of viral Clawdbot AI tool
Web infrastructure company rose nearly 10% in premarket trading Tuesday, building on a 9% gain on Monday, as social media buzz around the viral AI agent Clawdbot drew investor attention to Cloudflare...
Oracle soars after TikTok signs agreement to sell its US operations to consortium that includes the cloud computing giant
soared in after-hours trading on Thursday on news that TikTok owner ByteDance signed contracts with the three major investors who are leading a joint venture to take over the short-form video app’s US...
Oracle slides on report that data center partner Blue Owl won’t fund $10 billion Michigan facility; company says project is on track without Blue Owl
shares declined early Wednesday after the Financial Times reported that , the largest funder of Oracle’s data center investment push, will not finance a 1-gigawatt Oracle data center planned for Salin...
Amazon in talks to invest upward of $10 billion in OpenAI at a valuation of more than $500 billion, per reports
is in discussions to invest in OpenAI, according to multiple reports. The e-commerce and cloud computing giant could put $10 billion or more toward an equity position in the ChatGPT maker at a valuati...
Oracle denies Bloomberg report that it’s delaying some data centers for OpenAI to 2028 from 2027
Getting a multi-hundred-billion-dollar backlog for cloud computing revenues from data center projects is easy. Building them is hard. extended declines to as much as -6.5% on the day on the heels of a...
Oracle slides after-hours after beating on earnings, missing on revenue
Shares of fell over 6% in postmarket trading, after beating earnings expectations for its second quarter while coming in slightly below analyst estimates for revenue. Adjusted earnings per share were...
Microsoft is in talks to shift its custom chip business to Broadcom from Marvell, The Information reports
The Information’s profile of custom chip specialist includes this tidbit: “And now Microsoft is also in talks to design future chips with Broadcom, which would involve Microsoft switching its busines...
Cloudflare just went down again, but apparently only for 20 minutes this time
Another day, another massive network outage taking down huge sections of the internet... and, once again, the cause of the hiccup was . On Friday morning, the American IT giant reported that a change ...
Technology giants don’t look like they used to, as the asset-light era fades
Spin up a website; throw a few bucks at a server; buy some Facebook ads; get a million downloads for your app; and then kick back and enjoy the fruits of the super-lean business model. The economics o...
The best quotes from Salesforce’s earnings call
CEO Marc Benioff is known for his sweeping proclamations and fun storytelling. And on last night’s earnings call, after the company reported earnings and guidance that beat expectations, he was in top...
Snowflake sinks as weak margin forecast overshadows Q3 beat
is down 9% in premarket trading on Thursday after the cloud company gave an operating margin outlook that fell short of analyst expectations, reflecting investors’ worries about the profitability of n...
Amazon rolls out updated Trainium chip, new AI models at re:Invent conference
Today in Las Vegas, at its annual re:Invent developer conference, AWS made a bunch of product announcements that reveal its plan to continue capitalizing on the AI boom. AWS currently enjoys a substa...
Nvidia pares gains after Amazon launches newest AI chip
The problem with being the king is that everyone’s trying to get their hands on your shiny crown. Shares of pared gains after Amazon publicly launched its custom chip, called the Trainium3, as part o...
Amazon AWS and Google set up rare partnership as rivals try to prevent massive network outages
In October, AWS suffered a major outage , disrupting services for Snapchat, Reddit, Roblox, Venmo, and United Airlines, among others. As more and more businesses move their cloud computing to AWS or...
Amazon AWS due to roll out its own updated AI models this week
This week in Las Vegas, AWS is sure to make some news at its re:Invent developer conference. AWS is the current undisputed cloud computing leader, serving up AI computing services for many of the top...
Dell gives upbeat Q4 guidance, beats on Q3 earnings
reported Q3 earnings after the close of trading Tuesday. The PC, data storage, and server maker reported: Q3 non-GAAP diluted earnings per share of $2.59 vs. Wall Street expectations for $2.47. Q3 sal...
Alibaba gains as Q2 cloud revenues beat estimates on “robust AI demand”
China’s leading cloud giant is cashing in on the huge appetite for AI compute. ADRs are up big in premarket trading after the e-commerce and cloud giant reported second-quarter sales above analysts’ e...