Oracle rises after it announces monster $30 billion annual revenue contract starting in fiscal 2028
rose sharply in early trading after it disclosed a new $30 billion contract and backed its 2026 guidance. In a Monday morning regulatory filing, the tech giant said CEO Safra Catz is set to announce t...
Wedbush hikes price target on Microsoft to $600, saying “AI set to change the cloud growth trajectory”
Dan Ives loves one of his favorite stocks even more than he used to. 16.5% more, to be exact. That’s how much the Wedbush Securities analyst hiked his price target on , a stock he rates as “outperform...
Amazon expands same-day shipping to over 4,000 rural towns in massive delivery push
is making a big move into small cities. In a press release Tuesday, the company said it plans to roll out same-day and next-day delivery to over 4,000 smaller cities, towns, and rural communities by t...
CoreWeave tanks as options bulls disappear
Shares of are tumbling on no apparent news as the AI cloud computing company gives back a chunk of ground after last week’s 25% rally. With its 8% drop, the stock is back to levels not seen since Wed...
Oracle surges after earnings blowout as demand for cloud services heats up
shares jumped 13% Thursday after the enterprise software giant beat Wall Street’s Q4 expectations . Earnings per share came in at $1.70, topping FactSet estimates of $1.64. Revenue rose 11% to $15.9 b...
Dell jumps on cheery guidance despite earnings miss
rose 5.1% in after-hours trading as it posted earnings that missed Wall Street expectations but gave upbeat guidance for the current quarter. The computer maker reported adjusted earnings per share of...
Salesforce agrees to buy Informatica for $8 billion in its biggest acquisition since Slack
The company behind most of the things you have to log in to at work every morning is getting bigger. Slack owner on Tuesday announced that it’s agreed to buy cloud data management company for $8 bil...
CoreWeave’s double-digit surge is blowing away even the most bullish on Wall Street
Shares of AI cloud computing company broke above the $100 threshold for the first time Wednesday, up double digits on the session. At its intraday peak, the stock was more than 190% above its lowest c...
CoreWeave pops on news of $900 million Nvidia stake
Shares of AI cloud computing provider shot up over 20% today after an SEC filing revealed the large stake in the company held by . CNBC reports that this stake was worth $900 million as of March. Suc...
CoreWeave’s post-earnings surge disappears after guidance fails to validate the >100% rally
Shares of surged as much as 11% in the wake of its inaugural quarterly report as a publicly traded company, with the cloud computing company posting better-than-expected sales and touting a massive r...
Alibaba tumbles on lackluster quarterly results as cloud business fails to impress
missed revenue and profit expectations for the quarter ended March 31 . The Chinese e-commerce and tech giant’s revenue was $32.6 billion, lower than the FactSet consensus of $33.2 billion. Its net in...
CoreWeave rises after sales smash expectations
only had one chance to make a first impression. And with how hot the stock has been lately, it was always going to be tough to impress investors. But shares of the AI cloud computing company are nonet...
Expensive bets against CoreWeave are getting smashed as shares soar
is behaving like it’s a twice-levered version of a US retailer that sources from China and just got major tariff relief. Shares of the recently IPO’d cloud computing company are going bananas today, u...
Why is Azure smoking AWS and Google Cloud? UBS has some theories.
Analysts at UBS have been looking at the performance of the big three cloud computing businesses: Cloud, AWS, and Azure. Azure is beating its rivals, showing a strong 66% sequential revenue growth ...
Amazon CEO Jassy on tariffs: “It’s hard to tell what’s going to happen”
beat Wall Street estimates for revenue for the first quarter, but tariffs are making the future hazy, and revenue growth is slowing. On last night’s earnings call, Amazon CEO Andy Jassy said: “It’s ha...
Amazon slides on light Q2 guidance, despite earnings beat
beat earnings expectations for Q1, but the tech giant forecast operating profit for the current quarter that undershot Wall Street’s expectations. Shares fell 3.9% after-hours, as the company forecast...
Nadella: “I feel very, very good” about the pace of Microsoft’s data center plans
Yesterday delivered a blowout earnings report, beating expectations fueled by strong demand for AI on its Azure cloud computing services. Investors were quite happy, with the stock up over 9% in ear...
The AI trade catches fire after Microsoft, Meta earnings reports
Traders jumped headfirst into the AI trade after-hours on Wednesday, following glowing earnings reports from and . Meta, for one, said it would spend more on AI-related data centers than the already ...
Microsoft earnings blow past estimates, shares up 6.5% after-hours
Shares of spiked more than 6.5% after the company beat earnings expectations. The tech giant reported revenue of $70.1 billion, up 13% year on year. Diluted earnings per share were $3.46, easily bea...
CoreWeave surges on flurry of options market demand
Demand for upside in , the recently-IPO’d cloud computing company, is heating up in the options market. As of 11 a.m. ET, over 17,000 call options have already changed hands, about in line with the 10...