Meta Platforms scaled back a sweeping restructuring plan in May that would have cut up to 60% of employees across many teams, after internal data showed AI agents were not delivering expected producti…
Alibaba Group Holding Ltd. reported a 75% year-over-year decline in net income for the quarter ended June 30, while capital expenditure on AI infrastructure rose 75% to 67.68 billion yuan, Reuters and…
Alibaba Group Holding Ltd. reported a 75% drop in net income to 10.5 billion yuan ($1.6 billion) for the June quarter, driven by a 75% surge in capital expenditure to 67.7 billion yuan ($10 billion) o…
Analog Devices forecast fiscal fourth-quarter revenue of $3.55 billion, plus or minus $200 million, and adjusted earnings per share of $2.63, plus or minus 10 cents, both above LSEG consensus estimate…
Anthropic is projecting 2028 revenue of roughly $190 billion to $200 billion, a figure not previously reported, as it prepares for a potential IPO, according to two people familiar with the company's …
Nebius Group NV shares closed 34% higher after the company reported second-quarter 2026 revenue of $582.3 million, a 454% year-over-year increase that beat the LSEG consensus estimate by about $10 mil…
Cisco Systems forecast fiscal 2027 revenue between US$72.2 billion and US$73.4 billion, above analysts' average estimate of US$68.69 billion, citing sustained demand for its AI networking gear. The co…
CoreWeave reported $2.58 billion in second-quarter revenue, up 112% year over year and slightly above the $2.56 billion analyst estimate, while its revenue backlog reached approximately $104 billion a…
Foxconn's net profit rose 35% to NT$59.97 billion in the June quarter, beating forecasts, as AI server demand kept factories busy. Revenue climbed to NT$2.526 trillion, with cloud and networking produ…
Taiwan's Foxconn, the world's largest contract electronics maker, reported a 35% rise in second-quarter net profit to NT$59.97 billion (US$1.86 billion), beating analyst estimates, driven by strong de…
J.P. Morgan raised its 2026 year-end S&P 500 target to 8,000 from 7,800, citing robust corporate earnings and evidence that AI investments are driving revenue growth at Google, Amazon, and Microsoft. …
Advanced Micro Devices (AMD) shares fell sharply in premarket trading despite a strong second-quarter report, as investors had expected even stronger guidance amid AI optimism. AMD forecast third-quar…
The S&P 500 and Dow Jones Industrial Average closed at record highs on Tuesday, Aug 4, powered by strong earnings from AI-related companies Caterpillar and Palantir, while crude prices and Treasury yi…
Caterpillar Inc. raised its 2026 sales growth target after beating second-quarter profit estimates, citing a buildout of AI data centers that has spurred demand for its power-generation and constructi…
Snap Inc. beat second-quarter revenue estimates on Monday (Aug 4), with revenue jumping about 19% to US$1.6 billion, driven by increased advertising spending during the FIFA World Cup and stronger cam…
Palantir Technologies reported $1.94 billion in second-quarter 2026 revenue, up 93% year over year, with U.S. commercial revenue surging 149% to $764 million, according to results released August 3. T…
Apple Inc. shares plunged nearly 10 percent on Friday, erasing almost $500 billion in market value after the company issued a disappointing revenue growth forecast of 9 to 11 percent for the current q…
Microsoft added nearly US$450 billion in market value on Jul 30, the largest one-day gain on record for a company, after forecasting stronger-than-expected cloud growth and signaling continued cash ge…
Amazon reported second-quarter 2026 earnings with advertising services revenue up 26% year over year to $19.8 billion and overall profit surging to $62.6 billion, largely due to its investment in AI c…
Microsoft stock rose while Meta stock fell after both reported quarterly earnings, as investors showed impatience with AI spending. Microsoft posted Q4 2026 revenue of $90 billion, up 18%, and adjuste…