Wall Street - CybAI news

07 Aug

As Airbnb Shares Plunge, CEO Says ‘It’s a Good Time to Buy’

stp2y0 CommentsRAG modelsAIRBNB INC-CLASS A, Americas, Brian Joseph Chesky, Consumer Discretionary, Earnings, iphone, new york, Technology, TWITTER INC, Wall Street, Well Spent

Airbnb Inc. Chief Executive Officer Brian Chesky’s response to his company’s disappointing outlook and an ensuing share-price plunge: “I’m confident it’s a good time to buy.” Source link lol

07 Aug

Disney Tops Views With First Streaming Profit; Parks Disappoint

stp2y0 CommentsRAG modelschina, COMCAST CORP-CLASS A, Earnings, Hugh Johnston, JULY SARL/CAEN, Markets, new york, Paris, pursuits, Technology, travel, Wall Street, WALT DISNEY CO/THE

Walt Disney Co. gave a mixed picture as it reported third-quarter results on Wednesday, with weakness at its famed theme parks offsetting its first-ever profit in streaming. Disney’s US theme parks, which were buffeted by rising costs and tepid demand, missed Wall Street estimates for sales and profit. The company said its Disneyland Paris park suffered from a reduction in summer travel due to the Olympics, and noted some “cyclical softening in China.” Source link lol

07 Aug

Intel Has Lost Wall Street’s Patience as Headwinds Keep Mounting

stp2y0 CommentsRAG modelsartificial intelligence, Earnings, INTEL CORP, jobs, Markets, NVIDIA CORP, Philadelphia, TAIWAN SEMICONDUCTOR MANUFAC, Technology, Valuation, Wall Street, WOLFSPEED INC

After another catastrophic earnings report, Intel Corp. bulls are increasingly few and far between on Wall Street.Intel shares have shed nearly a third of their value since the firm gave a grim growth forecast, announced plans to slash 15,000 jobs, and suspended a dividend that has been in place since 1992. The report was the latest in a series of discouraging updates, and underlined the myriad headwinds facing the chipmaker as it struggles to execute an ambitious turnaround and compete in the artificial intelligence era. Source link lol

07 Aug

Super Micro’s Weak Profit Fuels AI Server Margin Anxieties

stp2y0 CommentsRAG modelsartificial intelligence, DELL TECHNOLOGIES -C, Executives, HEWLETT PACKARD ENTERPRISE, Ho Jin, San Jose, software, SUPER MICRO COMPUTER INC, taiwan, Technology, Wall Street

Super Micro Computer Inc. fell more than 10% in extended trading after reporting quarterly revenue and profit that missed analysts’ estimates, outweighing an annual sales outlook that was billions above Wall Street projections.Profit, excluding some items, was $6.25 a share in the period ended June 30, the company said Tuesday in a statementBloomberg Terminal. That’s short of Super Micro’s previous forecast and the $8.25 average analyst estimate. Sales were $5.31 billion, compared with an average projection of $5.32 billion, according to data compiled by Bloomberg. Source link lol

06 Aug

Lumen Technologies Extends Record Rally on AI Hopes

stp2y0 CommentsRAG modelsAMAZON.COM INC, artificial intelligence, Capital Expenditures, Cash Flow, Earnings, JULY SARL/CAEN, LUMEN TECHNOLOGIES INC, MICROSOFT CORP, NVIDIA CORP, Technology, Wall Street

Lumen Technologies Inc. shares surged as much as 93% in post-market trading Tuesday, extending gains after notching a record one-day jump in the regular session.Driving the gains was excitement over artificial intelligence and its ability to translate into results for the company. In earnings released after the bell Tuesday, Lumen raised its forecast for free cash flow for the year, saying it expected between $1 billion and $1.2 billion. Previously, it had forecast free cash flow between $100 million and $300 million. Wall Street analysts covering the company expected the forecast to be about $217 billion, data compiled by Bloomberg…

05 Aug

Palantir Ups Profit Outlook, Says AI Has ‘Transformed’ Business

stp2y0 CommentsRAG modelsAlex Karp, artificial intelligence, Dave Glazer, Government, military, PALANTIR TECHNOLOGIES INC-A, Peter Andreas Thiel, S&P 500 INDEX, software, Technology, Wall Street

Palantir Technologies Inc.’s stock jumped in extended trading after the company raised its annual outlook, citing continuing demand for its artificial intelligence software.Palantir also topped analyst estimates for sales and profit for the quarter, helping send its stock up more than 15% after the results were released. Source link lol

30 Jul

Microsoft Needs to Show Azure Strength to Stem Great Rotation

stp2y0 CommentsRAG modelsALPHABET INC-CL A, AMAZON.COM INC, APPLE INC, artificial intelligence, Earnings, Fund Manager, MICROSOFT CORP, Software Company, Technology, Valuation, Wall Street

After a $2.3-trillion Nasdaq 100 wipeout, investors are nervously awaiting Microsoft Corp.’s earnings report to see whether the software maker can turn the tide.Traders are increasingly concerned that tech firms aren’t yet seeing returns from heavy investments in artificial intelligence. Shares in Alphabet Inc. slid last week after the Google parent reported higher-than-expected spending, adding to a broader selloff for Big Tech. That’s raised the bar for Microsoft, which is trading at a fairly hefty valuation of about 32 times projected profits and needs to show AI-related spending is translating into sales growth for its Azure cloud business. Source link…

14 Jul

Google Nears $23 Billion Deal for Cybersecurity Firm Wiz, WSJ Reports

stp2y0 CommentsRAG modelsALPHABET INC-CL A, Americas, business, cybersecni, cybersecurity, Markets, startups, Technology, United States, Wall Street

Google parent Alphabet Inc. is in advanced talks to buy cybersecurity startup Wiz in a deal that could fetch $23 billion, the Wall Street Journal reported, citing people with knowledge of the matter.The deal would be Alphabet’s largest acquisition ever and could come together “soon,” the newspaper said. Source link lol

19 Jun

TSMC ADRs Nears $1 Trillion Club Amid Flurry of Target Upgrades

stp2y0 CommentsRAG modelsartificial intelligence, BERKSHIRE HATHAWAY INC-CL A, CITIGROUP INC, Earnings, GOLDMAN SACHS GROUP INC, JPMORGAN CHASE & CO, Markets, TAIWAN SEMICONDUCTOR MANUFAC, Technology, Valuation, Wall Street

The bullish chorus on Taiwan Semiconductor Manufacturing Co. is growing even louder as a stock rally puts its market capitalization one step closer to the $1 trillion milestone.TSMC overtook Berkshire Hathaway Inc. last week to become the eighth-largest company globally in terms of market capitalization, based on the firm’s US-listed ADRs. The depository receipts’ 73% gain this year has boosted the firm’s market value to $932 billion, shy of the $1 trillion threshold. Source link lol