Nvidia reported Q3 revenue of $35.1 billion, up 94% from last year with data center sales reaching $30.8 billion. Fellow tech firms showed mixed results, with Snowflake growing 29% to $900 million in revenue, while artificial intelligence (AI) startup BEN recorded $50,000 in its first...
Instacart’s CEO is focusing on grocery partnerships amid investor skepticism. Fidji Simo discussed these efforts in an interview with Bloomberg’s The Circuit With Emily Chang, set to air Thursday (Nov. 21) evening. Since becoming CEO, the report notes, Simo has made Instacart’s higher-margin enterprise business a higher priority, focusing...
To hear Jensen Huang tell it, Nvidia — and artificial intelligence (AI) in general — is just getting started. The CEO of the most valuable company in the world didn’t rest his laurels on a 94% year-over-year revenue growth number for Q3 and faced up...
All eyes are on Nvidia as the AI juggernaut prepares to release what could be the most consequential tech earnings of 2024. Bloomberg reported that the chip giant’s stock could move about 8% in either direction following the results, potentially shifting its market value by...
November 15, 2024
Stocks took a breather on Thursday (Nov. 14), but the general trend of the FinTech IPO Index was up and to the right. This week, as has been seen through the last several weeks, earnings continued to roll in, as buy now, pay later (BNPL) continued to make a splash. Sezzle continued its torrid post-earnings […]
November 07, 2024
Against a backdrop where it laid claim to a third of the volume and more than half of the revenue in the United States pay later space, Affirm reported better-than-expected...
November 06, 2024
CVS Health’s third-quarter earnings results released Wednesday (Nov. 6) reflected the company’s ongoing efforts to adapt to a changing healthcare and retail environment. As it continued to overhaul its operations...
October 31, 2024
Apple outlined its artificial intelligence (AI) strategy during Thursday’s earnings call, announcing December plans for ChatGPT integration and expanded language support for its recently launched Apple Intelligence system. The company...
November 21, 2024
Instacart’s CEO is focusing on grocery partnerships amid investor skepticism. Fidji Simo discussed these efforts in an interview with Bloomberg’s The Circuit With Emily Chang, set to air Thursday (Nov. 21) evening. Since becoming CEO, the report notes, Simo has made Instacart’s higher-margin enterprise business a higher priority, focusing on things like last-mile delivery, building white-label websites and selling […]
November 20, 2024
Market watchers are bracing for potentially historic volatility when Nvidia reports its earnings on Wednesday (Nov. 20), according to Bloomberg News. The chip giant’s stock could move about 8% in...
November 15, 2024
Alibaba Group saw its offerings in artificial intelligence (AI) drive growth in both its retail and its cloud businesses during the quarter ended Sept. 30. “This quarter, our core business...
November 15, 2024
Advance Auto Parts plans to close 523 corporate stores, exit 204 independently owned locations and close four distribution centers in the United States by mid-2025 as it works to boost...
