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AI & Enterprise
Zscaler shares plunge more than 30 percent in a day after weaker guidance
Shares of cybersecurity firm Zscaler fell more than 30 percent on May 27, the report said, after the company issued guidance that fell short of expectations despite quarterly results beating forecasts. Zscaler projected fiscal 2027 annual recurring revenue growth of 16 to 17 percent year on year, below StreetAccount estimates, and gave quarterly revenue guidance of $875 million to $878 million, slightly under FactSet’s forecast.
AI & Enterprise
Nvidia quarterly revenue jumps 85 percent, net profit more than triples
Nvidia posted record revenue and net profit for its fiscal first quarter ended in April, helped by rising data center computing demand as AI agents spread. Quarterly revenue rose 85 percent from a year earlier to $81.6 billion, above analysts’ expectations, while net profit more than tripled to $58.3 billion. Data center growth led results, and networking hardware revenue tripled to a record $14.8 billion.
Crypto
Winklevoss twins inject $100 million into Gemini; shares surge in after-hours trading
Crypto exchange Gemini surged in after-hours trading after raising a $100 million investment from its founders, the Winklevoss twins, and reporting first-quarter results that beat expectations. The investment was made through a venture fund that bought Class A common shares at $14 each, paid in bitcoin. Gemini posted an EPS loss of 93 cents versus a 1.03 loss expected, while revenue topped forecasts.
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Crypto
Gemini exchange sounds out sale of overseas unit as demand rises for Europe, UK licences
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AI & Enterprise
Engineering AI gains momentum, expanding into chip design and 3D modelling
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AI & Enterprise
Anthropic upgrades productivity AI Claude Cowork, targets enterprise market
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AI & Enterprise
AI fears spread, software and information services firms hit in stock market selloff
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AI & Enterprise
F5 posts first-quarter results as revenue and net profit rise
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AI & Enterprise
Linkalpha signs strategic partnership with FactSet to strengthen global market analysis
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AI & Enterprise
UBS says next tech race is quantum computing, led by IBM, Microsoft and Google