Search results for GAAP
AI & Enterprise
Snowflake soars 40 percent to recover year-to-date losses; AI chip supercycle expectations
Snowflake shares surged about 40 percent on May 28, recovering their cumulative decline since the start of the year in a single session. The AI data cloud company posted results that beat market expectations and said it signed a $6 billion long-term contract with Amazon Web Services. Revenue rose 33 percent to $1.39 billion, while adjusted earnings per share topped forecasts. Snowflake raised its fiscal 2027 annual product revenue guidance to $5.84 billion.
Mobility
Tesla no longer just an EV maker as AI and energy support long-term investment case
Market views on Tesla\'s long-term investment appeal are diverging again. Analysts say slowing growth in vehicle sales contrasts with expectations for expansion in self-driving, AI and energy that continue to support a high valuation. Tesla trades at a lofty price-to-earnings multiple, while quarterly results show revenue and profit growth and record energy storage deployments. Wall Street ratings lean toward hold, with wide-ranging target prices reflecting uncertainty over execution.
Crypto
Strategy halts bitcoin buying ahead of Q1 earnings
Strategy, the world\'s largest corporate holder of bitcoin, has paused additional purchases ahead of its May 5 first-quarter earnings release. Chairman Michael Saylor said there would be no buying this week and that purchases would resume next week. The company holds 818,334 BTC valued at $64.44 billion, with an average purchase price of $75,532 per coin. Attention is also on its STRC preferred share programme and expected GAAP losses.
