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Nvidia’s revenue blows past Wall Street expectations as AI boom accelerates
Many analysts view company’s financial performance as a broader referendum on AI buildout Nvidia continued its years-long streak of beating Wall Street’s expectations for growth on Wednesday, reassuring most investors that the AI boom, particularly the global explosion of datacenters, will continue apace. “The buildout of AI factories – the largest infrastructure expansion in human…
Tim Cook takes victory lap as Apple’s financial results soar past Wall Street expectations
Company details $111.2bn in revenue in first earnings report after announcement of Cook’s pending departure Apple blew past Wall Street expectations in its first earnings report since it announced CEO Tim Cook would be stepping down. Cook shared his thoughts about the leadership transition on Thursday, saying: “There’s no one on this planet I trust…
Nvidia quarterly earnings show immunity to AI bubble fears as it cashes in on data center boom
Chipmaker’s quarterly earnings surpassed Wall Street’s expectations every quarter for multiple years now Nvidia released its quarterly earnings on Wednesday, with the chipmaker revealing higher than expected revenues and extending its yearslong streak of surpassing Wall Street’s sky-high expectations. The company receives the vast majority of its revenue from its data center business, which has…
Google parent earnings beat projections amid plans to invest deeply in AI
Alphabet reports $34.5bn profit and revenue soars 48% in recent quarter as it plans a sharp increase in AI spending Google’s parent company, Alphabet, beat Wall Street expectations on Wednesday, and is planning a sharp increase in capital spending in 2026 as it continues to invest deeply in AI infrastructure. Alphabet on Wednesday reported profit…
Apple reports record iPhone sales as new lineup reignites worldwide demand
Tim Cook forecast 10% to 12% revenue growth in the quarter ending in December, typically Apple’s biggest of the year Apple reported its first quarterly earnings since the release of its new lineup of iPhones on Thursday, beating Wall Street analysts’ expectations. The company showed steady financial growth and a strong bottom line despite slow…
Microsoft reports strong earnings as Azure hit by major outage
Tech giant reports earnings of $3.72 per share day after deal with OpenAI pushed value of company to more than $4tn Microsoft blew off concerns of overspending on AI on Wednesday, reporting elevated earnings even as it faced an outage of its cloud computing service, Azure, and its office software suite, 365. The strong earnings…
Tesla reports steep drop in profits despite US rush to buy electric vehicles
Carmaker exceeded Wall Street’s expectations with more than $26bn in revenue, but saw a 37% drop in profits Despite record vehicle sales, Tesla saw a precipitous drop in profit in its most recent quarter. A rush to buy electric vehicles before a US tax credit for them disappears had boosted Tesla’s flagging sales, leading to…
Nvidia sets fresh sales record amid fears of an AI bubble and Trump’s trade wars
Despite surpassing Wall Street expectations for its AI chips, company shares drop 2.3% in after hours trading Chipmaker Nvidia set a fresh sales record in the second quarter, surpassing Wall Street expectations for its artificial intelligence chips. But shares of the chip giant still dropped 2.3% in after hours trading, in a sign that investors’…
Apple quietens Wall Street’s fears of China struggles and slow AI progress
Tech giant sees double-digit revenue rise, with huge gains in iPhone sales, despite stock-price drop and looming tariffs Apple has been under pressure this year. It’s playing catch-up to its fellow tech giants on artificial intelligence, it’s seen its stock fall by double digits since the year began, it closed a store in China for…