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AI & Enterprise
Marvell shares surge 241 percent in a year; CEO cites trust as key to AI chip success
Marvell Technology shares have surged 241 percent over the past year, with long-standing trust built with major technology companies cited as a key driver. CEO Matt Murphy said hyperscaler customers decide deals based on trust across the ecosystem, not only price or performance. Marvell expanded cooperation with Nvidia in March and signed a partnership with Google in August. FactSet expects data centre revenue to rise 60 percent in fiscal 2027 and 61 percent in fiscal 2028.
AI & Enterprise
Nvidia shares fall despite earnings surprise
Nvidia posted quarterly results that beat market expectations, with revenue of $96.2 billion for the quarter ended in July, exceeding analysts’ forecast of $92.3 billion compiled by FactSet. Net profit was $59.7 billion and earnings per share were $2.46, both well above estimates. Data centre revenue, including AI servers, totalled $89.0 billion. Despite the beat, shares fell about 1 percent in after-hours trade.
AI & Enterprise
Datadog shares tumble despite quarterly results beating expectations
Datadog shares closed down 19 percent despite quarterly results and a full-year outlook that topped market expectations. Second-quarter revenue rose 36 percent to $1.12 billion, above the FactSet estimate of $1.08 billion, and adjusted earnings were $0.65 per share versus $0.58 expected. Executives said a large AI customer renewed a nine-figure dollar contract but plans to cut product usage this year.
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AI & Enterprise
Corning shares fall 18 percent after earnings, leading slide in optics stocks
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AI & Enterprise
Jim Cramer says AI rally is not a bubble like the dotcom era
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Finance
SpaceX IPO creates billionaires beyond Elon Musk
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AI & Enterprise
Zscaler shares plunge more than 30 percent in a day after weaker guidance
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AI & Enterprise
Nvidia quarterly revenue jumps 85 percent, net profit more than triples
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Crypto
Winklevoss twins inject $100 million into Gemini; shares surge in after-hours trading
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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