Hewlett Packard Enterprise raises annual profit forecast on AI strength
By Zaheer Kachwala (Reuters) – Hewlett Packard Enterprise raised its annual profit forecast on Wednesday, as demand for artificial intelligence servers continues to pick up owing to higher investments in…
HP forecasts downbeat profit as weak PC market, competition weigh
By Juby Babu (Reuters) – HP forecast fourth-quarter profit below Wall Street estimates and cut its expectations for the year on Wednesday, owing to choppy demand in the personal computers…
Nvidia’s forecast dampens AI enthusiasm in other tech stocks
By Noel Randewich and Saqib Iqbal Ahmed (Reuters) – Shares of Nvidia and other technology heavyweights fell late on Wednesday, a discouraging sign for investors betting that a strong forecast…
Zoom lifts revenue forecast on growing demand for AI tools used in hybrid work
By Juby Babu (Reuters) – Zoom Video Communications raised its annual revenue forecast on Wednesday, driven by strong demand for its AI-powered collaboration tools deployed in hybrid work models, and…
Wolfspeed forecasts weak first-quarter revenue on manufacturing issues
By Jaspreet Singh (Reuters) – Wolfspeed forecast first-quarter revenue below estimates on Wednesday, anticipating manufacturing issues that could affect its production capacity amid slowing EV sales. Shares of the chipmaker,…
Datadog raises annual forecasts on strong cybersecurity demand
By Priyanka.G (Reuters) – Cloud monitoring firm Datadog raised its annual revenue and profit forecasts on Thursday, after beating second-quarter estimates on rising demand for artificial intelligence-powered cybersecurity services. Businesses…
Equinix raises annual adjusted core earnings forecast on strong data center demand
By Juby Babu (Reuters) – Equinix raised its annual adjusted core earnings forecast on Wednesday, betting on strong demand for its data center operation services amid growing adoption of generative…
Reddit forecasts quarterly revenue above estimates on strong ad spend
By Jaspreet Singh (Reuters) – Reddit forecast third-quarter revenue above Wall Street estimates on Tuesday, a sign that a recovering digital ad market would draw more advertisers to the social…
Airbnb forecasts lower third-quarter revenue as economic worries slow demand
By Aishwarya Jain and Doyinsola Oladipo (Reuters) -Airbnb forecast third-quarter revenue below estimates on Tuesday and warned of shorter booking windows, suggesting travelers were waiting until the last minute to…
GM not reiterating 2025 1 million EV production capacity forecast
By David Shepardson (Reuters) – General Motors on Monday declined to reiterate its previously announced forecast that it would have 1 million units of electric vehicle production capacity in North…