Newsfeeds Archive - Page 18 of 503

1 minute read

Kingsoft Cloud’s Q1 Revenue Dip: AI Demand Drives Public Cloud Growth Amid Enterprise Challenges

May 22, 10:40 AM

Kingsoft Cloud Holdings reports lower revenue and increased adjusted gross profit. Kingsoft held $250.9 million in cash and equivalents as of March-end.

1 minute read

Google AI Powers Up Honor’s Next Smartphone Lineup

By Anusuya Lahiri

May 22, 10:37 AM

Honor announced partnership with Google to integrate AI features in upcoming devices, following Samsung's move. Apple may use OpenAI to upgrade Siri.

AAPL

2 minute read

Amazon’s Generative AI Upgrade For Alexa: What Investors Need to Know

By Anusuya Lahiri

May 22, 10:31 AM

Amazon will reportedly launch a more conversational version of Alexa later this year, potentially positioning it to better compete with Google and OpenAI.

AAPL

1 minute read

Analog Devices Beats On Q2 As Inventory Rationalization Takes Effect, CEO Predicts Cyclical Recovery And Growth In AI Investments

By Anusuya Lahiri

May 22, 10:21 AM

Analog Devices saw a 34% decline in revenue but still beat analyst estimates with an adjusted EPS of $1.40. CEO Vincent Roche is optimistic about a return to growth in the third quarter due to inventory stabilization and new orders. ADI expects third-quarter revenue of $2.27 billion and adjusted EPS of $1.50.

ADI

1 minute read

Alibaba Rival PDD’s Explosive Growth Continues, Revenue More Than Doubles

By Anusuya Lahiri

May 22, 9:47 AM

PDD Holdings Inc (NASDAQ: PDD) reported 131% revenue growth, beating analyst estimates. Adjusted earnings and operating profit also exceeded expectations.

BABA

2 minute read

Supermicro and AMD Roll Out Multi-Node Servers To Enhance Cloud Computing

By Anusuya Lahiri

May 22, 7:51 AM

Supermicro introduces new AMD-based H13 generation of CPU servers, featuring MicroCloud multi-node solution for cloud-native workloads.

AMD

2 minute read

Uber and Lyft Gear Up for Pay Increases in Minnesota: What Drivers and Investors Need to Know

By Anusuya Lahiri

May 22, 7:48 AM

Uber and Lyft drivers in Minnesota will receive higher pay thanks to a new law, with rates aligned with state study recommendations. Bill offers compromises but could increase costs for riders.

AWAY

2 minute read

Li Auto’s Strategic Adjustments And Upcoming Model Launches Position It for Future Success, Says Goldman Sachs

By Anusuya Lahiri

May 21, 2:20 PM

Goldman Sachs analyst reiterated Buy rating on Li Auto with $43.6 PT. Q1 revenue missed estimates, but new launches and sales network expansion expected to drive growth. Stock down nearly 30% in past 12 months.

FTLS