Broadcom Q2 Earnings: Revenue, EPS Beat Driven By Strong AI Demand, Guidance Raise, Stock Split And More
Broadcom reported second-quarter revenue of $12.487 billion, beating analyst estimates of $12.028
Sumo Group’s Workforce Reduction: 250 Employees Impacted
Sumo Group announces layoffs impacting 250 employees. Explore the implications amid gaming industry challenges
Cloud Should Be An Outsized Growth Driver For Ciena Across Fiscal 2025: Morgan Stanley Analyst
Morgan Stanley upgrades CIEN to Overweight, raises price target to $55. Analyst expects growth potential in 2025 as inventory levels normalize and cloud demand outperforms.
Oracle Rides Strong On The AI Wave, Despite Q4 Revenue Miss: 8 Analysts’ Insights
Oracle's Q4 results reveal strong performance in AI sector, with analysts predicting continued growth and raising price targets for stock.
Apple’s Booming iPhone Base Set to Boost Services and Device Sales, BofA Analyst Forecasts
BofA Securities analyst maintains Buy rating and $230 price target for AAPL, citing growth potential of iPhone installed base and monetization opportunities.
Expectations For Adobe’s Q2 Results Are ‘Depressed’: JPMorgan
Adobe stock has been on a downtrend since its previous quarter results. Expectations for the quarter remains low, reflecting concerns around monetizing AI.
What’s Going On With Nvidia, AMD Stocks On Wednesday?
Nvidia, AMD and other chip companies are up due to AI demand. US plans to extend chip embargo to Russia. TSMC hiring in Europe for new fab.
Analyst Predicts AI, Crypto Could Inject $20 Trillion Into The Global Economy By 2030
Senior crypto research analyst Juan Leon emphasized the significant impact of the AI and crypto intersection, predicting it will be more substantial than anticipated.
Ex-Apple Siri Guru To Lead Samsung’s North American AI Division
Samsung Electronics Co. has combined its two North American AI research centers and appointed former Apple executive Murat Akbacak to lead the new division, signaling its increased focus on AI innovation.
Google Engineer Says Sam Altman-Led OpenAI Set Back AI Research Progress By 5-10 Years: ‘LLMs Have Sucked The Oxygen Out Of The Room’
A Google software engineer, François Chollet, criticized OpenAI for hindering the progress of Artificial General Intelligence (AGI) by 5 to 10 years due to its focus on Large Language Models (LLMs) and restricting the publication of frontier research.