ServiceNow Inc. (NOW) shares fell 5% on Wednesday as the company is set to report second-quarter earnings on Wednesday after the close. Investors are closely watching whether the enterprise software company can reassure markets about its artificial intelligence strategy amid growing concerns about the sector’s long-term outlook. The earnings report comes during a challenging period
Monday.com stock has crashed this year, mirroring the performance of other software companies. It has dropped by 51% this year and 44% in the last six months. This retreat continued today, July 22, when it announced that it would lay off 20% of its employees as it embraced AI in its operations. Monday.com stock has
Dallas-headquartered AT&T Inc (T) is extending gains on Wednesday morning after reporting Q2 earnings that came in handily above Street estimates. The company posted $31.56 billion in revenue – up 2.3% on a year-over-year basis – on $0.65 per share of earnings (EPS), representing an exciting 20.4% increase from last year. More importantly, responding to
Nvidia (NVDA) shares rose over 3% on Wednesday as investors looked ahead to Alphabet’s quarterly earnings for fresh insight into artificial intelligence spending, a key driver of demand for the chipmaker’s processors. The gains followed a 2% rally on Tuesday that lifted the broader semiconductor sector. Advanced Micro Devices and Broadcom also traded about 2%
SpaceX (SPCX) shares remain in focus after Elon Musk issued a pointed warning to those betting against his space infrastructure and artificial intelligence (AI) company. In his latest post on X, the billionaire wrote: “Survival probability of firms who maintain significant short position in SPCX over time is very low.” Musk’s comment arrives at a
Dell Technologies Inc. (DELL) shares moved 9% higher on Wednesday after Super Micro Computer released a stronger-than-expected preliminary update that reinforced expectations for continued spending on artificial intelligence infrastructure. The rally followed Super Micro’s announcement that it received more than $60 billion in new orders during its fiscal fourth quarter, driving its order backlog to
Global markets remained focused on four major developments on Wednesday, as the US and Iran signaled no immediate return to negotiations amid escalating military action. AMD and Anthropic reportedly reached a multibillion-dollar AI infrastructure agreement centered on next-generation chips. Gold climbed to a two-week high as a weaker dollar offset concerns over higher oil prices.
Palantir Technologies Inc. (PLTR) shares fell on Wednesday as investors weighed fresh regulatory scrutiny surrounding the company’s UK National Health Service (NHS) Federated Data Platform (FDP) contract alongside growing concerns over emerging competition ahead of its upcoming earnings report. The decline comes as the UK’s Office for Statistics Regulation (OSR) addressed concerns over how NHS
US stocks closed mixed on Wednesday as rising oil prices and caution ahead of a key batch of corporate earnings weighed on investor sentiment. Investors also continued to monitor developments in the Middle East and reassess expectations for Federal Reserve interest rates. The S&P 500 fell 0.1%, while the Nasdaq Composite declined 0.6%. The Dow
Alphabet Inc. reported second-quarter results that exceeded Wall Street expectations on earnings and revenue, driven by strong cloud growth, although its search advertising business narrowly missed analyst estimates. The Google parent posted cloud revenue of $24.77 billion for the quarter ended June 30, an 82% increase from a year earlier and ahead of Bloomberg-compiled analyst