|Day's Range||2.0500 - 2.6500|
C3.ai shares were punished by investors on Thursday after the company failed to deliver the kind of blowout numbers recently reported by some peers in the AI race.
After Nvidia joined the $1 trillion market club on Tuesday, Yahoo Finance spoke with experts, analysts, and strategists, who weighed in on the outlook for the company amid recent AI trends. Yahoo Finance's Brad Smith spoke on the fanfare around Nvidia (NVDA) and AI. Smith said, "I'm going to break this down in three quick letters, it's A M C. At the top, you've got the applications that are going to sit on top of the M, the language-learning models, and at the bottom of it you've got the chips and the data centers." KeyBanc Capital Markets Equity Research Analyst John Vinh discussed Nvidia's advanced software. Vinh said, "They've got millions of AI developers that are focused on the Nvidia ecosystem and it's really this software ecosystem that's going to give them a sustainable advantage for quite some time." Yahoo Finance's Dan Howley explained what he thinks gives Nvidia an edge. Howley said, "People are really talking about how to get their chips at this moment. We're not talking about small firms either. We're talking about the likes of Microsoft (MSFT), Google (GOOG, GOOGL), Meta (META) ... Nvidia really is riding this hype train, and they're the conductor." Annandale Capital Founder and Chairman George Seay discussed his thoughts on Nvidia and why investors should remain cautious on AI. Seay said, "Nvidia is going to be a big winner. And I think you've got to look at some of the others like Google and Amazon, some of the other beneficiaries of this movement, and basically spread your bets." Video highlights: 00:00:03 - Yahoo Finance's Brad Smith 00:00:28 - KeyBanc Capital Markets Equity Research Analyst John Vinh 00:00:53 - Yahoo Finance's Dan Howley 00:01:24 - Annandale Capital Founder and Chairman George Seay
Microsoft Corp may spend billions of dollars over multiple years on computing infrastructure from start-up CoreWeave, CNBC reported on Thursday, citing people familiar with the matter. The Windows maker had signed the CoreWeave deal earlier this year in order to ensure that OpenAI, which operates the viral ChatGPT chatbot, will have adequate computing power, according to the report. Microsoft declined to comment, while CoreWeave did not immediately respond to Reuters' request for a comment.
The incoming head of the U.N. migration agency said on Thursday that she has talked to companies like Microsoft to see how they can build partnerships to manage migration. A record number of people -- more than 100 million -- are forcibly displaced around the world and the Geneva-based International Organization for Migration (IOM) seeks to ensure humane and orderly migration and intervenes where needed. Washington's candidate Amy Pope, who beat her Portuguese boss Antonio Vitorino in an tense election last month to head the organisation, said there was a need to ease strain on asylum systems in Western countries she described as "completely overwhelmed".
Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT) hold the two largest market shares in cloud computing with their respective services: Amazon Web Services (AWS) with a 32% share and Azure with 23%. As a result, one of these companies looks poised to become a dominant figure in both the cloud and AI markets, making their stocks compelling investments. Amazon's biggest asset is its lead in the cloud market with AWS.
The Irish Data Protection Commission (IDPC) launched an investigation into the professional networking platform in 2018 over whether its targeted advertising practices violated the European data protection law. The regulator's order is not public and Microsoft said that LinkedIn was informed about the preliminary decision in April. Microsoft added it would dispute the proposed fine after receiving a final order.
Software major Microsoft Corp said on Thursday it expected to take a charge of about $425 million in the current quarter for a potential fine from an Irish regulator over alleged privacy violations at its unit LinkedIn. The Irish Data Protection Commission (IDPC) launched an investigation into the professional networking platform in 2018 over whether its targeted advertising practices violated the European data protection law. The regulator's order is not public and Microsoft said that LinkedIn was informed about the preliminary decision in April.
The cloud market has had its share of attention in recent years, with the COVID-19 pandemic bolstering the sector as thousands of companies moved to hybrid working styles. As a result, cloud giants enjoyed several quarters of winning over investors with double-digit revenue growth from their cloud platforms. Last year's economic headwinds have since slowed cloud growth for many companies as rising inflation forced businesses to trim cloud budgets.
Amazon (AMZN) announces the general availability of its purpose-built security data lake, called Amazon Security Lake.
Nvidia's blockbuster quarter and valuation questions to consider. If Best Buy needs sales growth to reward shareholders. Plus, Motley Fool analysts Tim Beyers and Meilin Quinn interview DigitalOcean CEO Yancey Spruill about how the cloud service provider differentiates itself from competitors like Microsoft and Amazon.
Thanks to companies like OpenAI and its ChatGPT platform, natural language generative AI has matured to the point that businesses are able to successfully deploy it in their day-to-day operations. ChatGPT could eventually have a profound impact on many industries, but it's targeting internet search engines at the moment. Alphabet's (NASDAQ: GOOGL)(NASDAQ: GOOG) Google Search is one such platform caught in the crosshairs.
Revenue for the video games market is projected to hit $385 billion this year and continue expanding at a compound annual rate of 8% through 2027, according to the forecasters at Statista. While its growth may not be as significant as other tech markets like artificial intelligence (AI) or cloud computing, there's a never-ending supply of new video games, and the market for them has grown consistently over the long term. Adding a video gaming stock to your holdings can be an excellent way to instill stability in your portfolio, and there's no better time than the present to do so.
These companies have exciting developments on the way, with promising outlooks in AI and virtual/augmented reality.
NVIDIA, Marvell, Microsoft, Arista and Palantir have been highlighted in this Market Edge article.
Langat had a solid maths degree and high hopes for a career in stats when he graduated from a mid-level Kenyan university seven years ago. So when his dream of crunching numbers for the government or teaching maths in high school both came to nought, Langat took a different route altogether. He signed up for a life in academic writing, a glossy term for the murky world of "contract cheating" in Kenya.
In the latest trading session, Microsoft (MSFT) closed at $328.74, marking a -0.75% move from the previous day.
Nvidia is the go-to name for AI chips, and powering Wall Street's hype train.
U.S. stock indexes fell on Wednesday as a deal to raise the nation's debt ceiling headed for a pivotal vote by lawmakers, while unexpectedly strong labor market data reinforced bets of another interest rate hike by the Federal Reserve. A bill to lift the $31.4 trillion U.S. debt ceiling and achieve new federal spending cuts made its way to the House of Representatives for debate on Tuesday and an expected vote on passage is due later on Wednesday.
The tech giant is riding several secular tailwinds in areas such as gaming, cloud computing, and artificial intelligence.
(Bloomberg) -- Biden administration officials are divided over how aggressively new artificial intelligence tools should be regulated — and their differences are playing out this week in Sweden.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Passes the House, Easing US Default ConcernsWall Street Banks Are Using AI to Rewire the World of FinanceBillionaire Perot Warns of Real Estate Recession as L
After yet another exceptional financial update, shares of Palo Alto Networks (NASDAQ: PANW) are up a whopping 50% so far in 2023. The cybersecurity pure-play leader has some lofty goals and keeps meeting and exceeding them, as industries of all kinds are in need of PANW's software. Is it too late to buy Palo Alto Networks stock now?
Share repurchase programs are very popular with investors -- especially one of the world's best.