Shares of Micron Technology (MU) surged more than 15% Thursday after the company’s fiscal second-quarter earnings easily beat the consensus, driven by the AI craze. The company doubled down on these results with an upbeat outlook for the road ahead, too. The memory and storage chip manufacturer grew revenue from just $3.69 billion this [...]
After delivering a lackluster outlook for the fiscal first quarter of 2024, Marvell Technology (MRVL) is down 7% in Friday morning trading. The company has surged over the past year thanks in large part to the AI craze, but the rest of the business is struggling. For the fiscal fourth quarter, overall revenue came [...]
SoundHound AI (SOUN) was up more than 292% leading into its Q4 earnings day Thursday. Anticipation was high, as is the case for any AI company these days. The conversational AI company did not deliver, though. Shares have taken a step back in Friday’s trading session. SOUN fell as much as 24% but has [...]
After losing its footing to start the week, Nvidia (NVDA) picked right back up where it left off after hours yesterday, soaring on news of another quarter of growth. The AI chip designer grew its top and bottom line, sending shares nearly 15% higher in the past 24 hours. The company delivered 265% revenue [...]
Arm Holdings (ARM) is up more than 57% in Thursday morning’s trading session after delivering a strong earnings performance alongside an even stronger guidance for the current quarter. The chip designer brought in $824 million in revenue for the quarter, easily surpassing the analyst expectation of $762 million. Profits were strong too with an [...]
One of the most legitimate concerns surrounding AI technology is now being addressed by a collaboration between IBM and Casper Labs. The technology giant and blockchain service provider are teaming up to bring AI and Web3 technologies together to mitigate IP and safety issues. As more and more businesses take existing LLM’s (large language [...]
After leading 2023 as the S&P 500 index’s best performer, Nvidia (NVDA) is picking up where it left off to start the new year. The stock has climbed nearly 14% in the past week and is up more than 2% in Wednesday morning’s trading session. This recent breakout puts its market cap at $1.3 [...]
It seems as if every day there’s a new company cashing in on AI - and Palantir Technologies (PLRT) is the latest to join the frenzy. The hype around the company’s AI offerings is mounting ahead of next week’s second-quarter earnings report. The company is known for data analytics and has been working relentlessly [...]
Early this morning, Shutterstock (SSTK) released an update on its partnership with OpenAI. The contract has been expanded to 6 years and with a renewed scope. The two companies have been working together since 2021. But just last fall in October, Shutterstock made official the news that it planned to offer AI-generated images to [...]
After the market closed yesterday, C3.ai (AI) reported fiscal 4th quarter earnings. The company exceeded analyst estimates for revenue and profit alike - and yet, the stock fell off a cliff. Revenue of $72.4 million came in well above the $71 million estimation from Wall Street. And while the company still reported a negative [...]
