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Palantir beats Q2 earnings and revenue expectations, boosts guidance
jumped after the best performer in the S&P 500 once again exceeded Wall Street’s expectations with Q2 earnings results. The Denver-based defense, data, and AI software company also raised its annual g...
ThredUp’s CEO dishes on its AI-first mentality and what’s driving the resale gold rush
is having a huge main character moment. After spending much of the last two years trading below a buck, shares of the online consignment platform have surged more than 300% — outpacing nearly every ot...
Everything you need to know ahead of Palantir’s Q2 earnings
Investors and analysts are expecting great things from Q2 earnings, which the data analytics, AI software, and defense and intelligence contractor reports Monday after the close. Wall Street analysts...
CEO Andy Jassy’s answer on Amazon’s cloud business cost shareholders nearly $100 billion
CEO Andy Jassy was seemingly wrong-footed during the first round of questions he faced on Amazon’s conference call yesterday, and shareholders paid dearly for it. JPMorgan analyst Doug Anmuth asked Ja...
Meta: GenAI ad tools are good for small businesses while ad agencies continue working with large brands
Every time a Big Tech company like announces a new generative-AI ad tool, the stocks of the biggest ad agencies — , , , — fall .
Meta is betting that its AI gains will keep outpacing its AI losses
is an advertising business and that ad business is doing very well. Ad revenue, which makes up 98% of the company’s total revenue, rose 21% in its second-quarter earnings to $46.6 billion — higher tha...
Microsoft powers past Q4 earnings and revenue expectations
Shares of surged after the company blew past fiscal fourth-quarter earnings and revenue expectations. Shares were up 7.3% in recent after-hours trading. The tech giant reported revenue of $76.4 billi...
Commvault CEO on the “next wave” for the data security firm
Data security company crushed earnings expectations Tuesday, sending the stock up some 20%, in its best daily gain since last October. With the animal spirits clearly romping in the market, Commvault...
Palantir dives as the Pentagon eyes rivals’ AI to reduce its dependence on the company
A new report from The Information on Monday found that federal agencies like the Department of Defense are testing AI to reduce reliance on contractors like and . Shares of Palantir took a nosedive f...
Palantir hits record closing high after analyst upgrade
Shares of retail favorite closed Friday at a new record high after the highly valued defense, data, and AI software company received a bullish initiation from analysts at Piper Sandler. “No doubt, PL...
Palantir leapfrogs US corporate titans Home Depot, P&G in market cap
remarkable stock market surge keeps propelling it past American corporate royalty. The defense, data analytics, and AI business software firm’s share price gain early Friday briefly pushed it to a new...
Artificial intelligence will help save souls, ServiceNow CEO kind of says
CEO Bill McDermott isn’t saying that artificial intelligence will save your soul. But he’s not not saying it. “We’re slowing down the hiring in jobs that are — quite frankly — soul-crushing jobs,” McD...
ServiceNow trounces earnings, stock rips after hours
Cloud software company surged in the after-hours session after reporting Q2 earnings and sales numbers that outpaced analyst expectations. Non-GAAP Q2 earnings per share arrived at $4.09, verses expe...
Big Tech’s AI push is going to devour ad agencies. Or is it?
Like many creative types, Riley Shine has reservations about generative AI. That didn’t stop the BlueChew brand creative director from exclusively using the technology to make a nationwide TV commerci...
OpenAI’s new “agent” is here to help you buy tuxedos, book luxury hotels, and order batches of cupcakes excruciatingly slowly
“Agentic AI” is the latest buzzword in tech, as the industry furiously races to monetize the costly technology. Yesterday OpenAI announced its second offering in the emerging category: “ ChatGPT Agent...
Tiny AI company Blaize jumps 50% after securing $120 million contract for “smart city applications” in Asia
Tiny AI company is up more than 50% after announcing a $120 million deal to deploy its platform in Asia “for smart city applications.” The California-based firm is partnering with Starshine Computing...
Bloomberg: Acquihiring could lead to... more public companies?
One month after “acquihired” Scale AI in a $14.3 billion “strategic partnership and investment” deal that bought the social media giant Scale’s CEO, a 49% stake in the AI data-labeling company, and p...
Charted and mapped: Which American cities are the most ready for AI?
Tech companies are tripping over themselves to invest in artificial intelligence, but that wealth is not spreading evenly across the US. A new analysis from nonprofit Brookings Metro , which is part o...
BofA modestly raises Meta price target based on higher confidence in ad growth
Bank of America raised its price target for to $775 from $765 after Meta CEO Mark Zuckerberg announced yesterday that the company is building “several multi-GW clusters” and spending “hundreds of bil...
Jefferies raises its Microsoft price target to $600, saying Copilot adoption is growing
After surveying 40 large enterprise decision-makers about , Jefferies has raised its price target on the tech giant to $600 from $550, citing faster adoption of M365 Copilot versus OpenAI’s ChatGPT. T...