12 articles tagged
Palantir Technologies reports a 63% year-over-year revenue increase, driven by a 121% surge in its U.S. commercial business and high demand for its AI platform.
OpenAI's name is increasingly appearing in corporate earnings calls, driving stock prices of its partners and establishing it as a new market-moving force on Wall Street.
Amazon's latest earnings report confirms its heavy spending on AI is yielding returns, particularly in its AWS cloud division, sparking a wider stock rally.
Amazon's cloud division, AWS, reported its strongest growth in nearly three years, with sales surging 20% to $33 billion, fueled by massive demand for AI.
Caterpillar's stock reached an all-time high after its Q3 earnings crushed expectations, fueled by a surge in demand for power generators for AI data centers.
Microsoft is experiencing demand for its cloud computing and AI services that is so high it outstrips current capacity, driving significant income growth.
Alphabet, Google's parent company, reported a record $102.3 billion in third-quarter revenue, a 16% increase driven by its ad and cloud businesses.
TSMC reported a record 39.1% jump in third-quarter profit, driven by strong global demand for advanced chips used in artificial intelligence applications.
Samsung Electronics reported its largest quarterly profit in over three years, reaching 12.1 trillion won, driven by surging demand for AI memory chips.
As Q3 earnings season starts, investors focus on five key themes: trade tariffs, AI spending sustainability, labor market signals, currency impacts, and China's economy.
The stock market saw mixed results this week, with AI developments boosting the S&P 500 and Nasdaq to new highs. OpenAI partnered with AMD for chips, Nvidia expressed strong AI demand, and TSMC report
SoundHound AI announced record Q2 revenue of $42.7 million, a 217% year-over-year increase, and projects future organic growth of 50% or more.
