CNBC’s Jim Cramer said on Thursday investors may be talking themselves out of some of the market’s biggest winners. His comments come as shares of Snowflake surged roughly 36% Thursday after the software company reported strong results and highlighted a $6 billion commitment to Amazon Web Services. The “Mad Money” host argued many investors likely…
Okta beat Wall Street’s fiscal first-quarter estimates after the bell on Thursday as demand for identity security tools spikes with the onslaught of agentic artificial intelligence. Shares gained 14%. Here’s how the company did versus LSEG estimates: Earnings per share: 91 cents adjusted vs. 85 cents expected Revenue: $765 million vs. $752 million expected The…
Dell reported its fastest pace of revenue growth for any period since its return to the public market more than seven years ago, and topped analysts’ estimates for sales and profit. The stock climbed as much as 19% in extended trading on Thursday. Here’s how the company did in comparison with LSEG consensus: Earnings per…
Anthropic is now the most valuable artificial intelligence company in Silicon Valley. The AI giant announced a $65 billion Series H financing at a $965 billion valuation on Thursday. The financing puts its value above rival AI lab OpenAI. CNBC reported in late April that Anthropic was in talks to raise capital. The newest round…
International Business Machines CEO Arvind Krishna said Anthropic‘s Mythos was pivotal in driving the company’s $5 billion investment into a new cybersecurity offering announced Thursday to address vulnerabilities in open-source software. “Mythos was the critical triggering factor on this,” Krishna said in an exclusive interview with CNBC. Open-source models are often used by companies because…
Oura on Thursday announced its latest smart ring, one that it says is the smallest offered by any company. The Oura Ring 5 will be 40% smaller than Oura’s previous generation ring, the company said. The ring will still have the same level of sensing, tracking and accuracy as the previous generation, it said. “We…
Is now the time to step and buy shares of Meta Platforms ? If concerns about the monetization of artificial intelligence investments and the wait for new revenue streams were keeping you on the sidelines, then two major updates from the company may have just given you the green light. The first came during Meta’s…
Waymo is starting to offer select customers rides in its new Ojai robotaxis, which are designed to work better in snowier conditions and are cheaper to manufacture than the company’s older fleet of cars. Rides will be available to some public passengers in San Francisco, Los Angeles and Phoenix, before opening up in San Diego,…
A criminal could be masquerading as a celebrity, web store or family member asking for your money. Detecting scams requires a new approach. Source link
Software stocks popped on Thursday after Snowflake said it plans to spend $6 billion on compute from Amazon and topped earnings estimates on artificial intelligence momentum. Shares of the software maker surged 35% and headed for its best day ever. The company is expanding its use of Amazon’s in-house chips for AI. Along with the…