Jensen Huang, co-founder and chief executive officer of Nvidia Corp., displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference on March 18, 2024. David Paul Morris/Bloomberg via Getty ImagesNot all chip firms are benefitting from the boom in artificial intelligence, earnings show, underscoring the complexities of the...
Apple delivered quarterly beats after Thursday's closing bell ahead of what's expected to be a robust artificial intelligence iPhone upgrade cycle in the months the come. Revenue in Apple's fiscal third quarter, which ended in June, grew 5% year-over-year to a record of $85.78 billion – ahead of the...
Apple CEO Tim Cook opens WWDC 2024 in Cupertino, California, on June 10, 2024.Source: AppleThe topic of greatest interest to analysts on Apple's quarterly earnings call on Thursday was a product that's not even available to the general public yet.Apple Intelligence, the company's forthcoming artificial intelligence system, could spur...
Shares of Nextracker dropped in extended trading Thursday as questions about the solar technology firm's backlog of projects overshadowed its better-than-expected quarterly results. Revenue in its fiscal 2025 first-quarter rose 50% year over year to $719.9 million, far ahead of the $617.5 million expected by analysts, according to LSEG....
Amazon shares are getting dinged on Thursday after its second-quarter sales missed expectations, despite a terrific performance from its cloud business. It doesn't change our thesis for this longtime core holding. Revenue increased 10% year-over-year to $147.98 billion, missing expectations for $148.5 billion, according to estimates compiled by LSEG....
Andy Jassy, chief executive officer of Amazon.Com Inc., speaks during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021.David Ryder | Bloomberg | Getty ImagesAmazon is pointing to an unusually busy news cycle as one of the drivers behind its weak revenue forecast.On a call with...
Block beat on profit in its second-quarter earnings report on Thursday. The stock rose in extended trading.Here is how the company did, compared to analysts' consensus estimates from LSEG.Earnings per share: 93 cents adjusted vs. 84 cents expectedRevenue: $6.16 billion vs. $6.28 billion expectedBlock, formerly known as Square, posted...
Intel CEO Pat Gelsinger holds a sample of a wafer during his keynote speech at the Computex conference in Taipei on June 4, 2024.I-hwa Cheng | AFP | Getty ImagesIntel shares slid as much as 19% in extended trading on Thursday after the chipmaker said it would lay off...
Eaton on Thursday morning delivered quarterly beats on its top and bottom lines. Segment profit margin and organic sales growth topped estimates. Management also raised its outlook for the year. Despite that show of strength, shares of the industrial Club name were trading lower. Revenue in the second quarter...
Amazon CEO, Andy Jassy speaking with CNBC's Jim Cramer on Mad Money in Seattle, WA. on Dec. 6th, 2023.CNBCAmazon is set to report second-quarter earnings after the bell on Thursday.Here's what analysts polled by LSEG are expecting:Earnings per share: $1.03Revenue: $148.56 billionWall Street is also looking at these key...