Shares of Broadcom, CoreWeave, and Oracle, companies tied to the AI infrastructure buildout, extend last week's decline; ORCL is down 46%+ since September 10
Ari Levy / CNBC :
Qualcomm reports Q4 revenue up 10% YoY to $11.27B, vs. $10.79B est., handsets revenue up 14% YoY to $6.96B, a $3.1B net loss, and projects Q1 revenue above est.
Ari Levy / CNBC :
US tech industry's eight companies valued at $1T+ gained a combined $420B in market cap this week, lifting their total value to $21T, led by a Google rally
Ari Levy / CNBC :
Oracle reports Q1 revenue up 7% YoY to $13.31B, vs. $13.23B est., cloud infrastructure revenue up 45% YoY to $2.2B, and $2.93B in net income; ORCL jumps 10%+
the entry price for a real frontier model from someone who wants to compete in that area is about $100 billion. Let me repeat, around $100 billion. That's over the next 4, [image] @radnorcapital : Lar...
Elon Musk's Donald Trump interview on X Spaces was derailed by technical glitches at the scheduled start time on August 12; Musk blamed “a massive DDoS attack”
but Elon Musk Desperately Needs Him Back Simon Sharwood / The Register : Elon Musk claims live Trump interview on X derailed by DDoS Emily Dreibelbis / PCMag : Musk Blames DDoS Attack For 40-Minute De...
Memo: Thrasio CEO Greg Greeley plans to resign and five other senior executives will “step down when Thrasio emerges from Chapter 11 in the coming weeks”
Annie Palmer / CNBC : X: @rogoswami and @levynews X: Rohan Goswami / @rogoswami : Holy cow... what's going on in the aggregator world? @annierpalmer keeping the scoop streak going https://www.cnbc.co...
Cloud data management startup Rubrik files for a NYSE IPO under the symbol RBRK, reporting a net loss of $354M on revenue of $628M for the year ended January 31
We are on a mission to secure the world’s data. Cyberattacks are inevitable. Kyle Alspach / CRN : Rubrik Files IPO Plans, Reports $784 Million In ARR Lindsay Clark / The Register : Rubrik files to ...
An interview with Instacart founder and former CEO Apoorva Mehta on Instacart's beginnings, his board exit, his reluctance to take the company public, and more
and today he cut all ties with the company Reuters : Instacart set to be valued at nearly $13 bln in Wall Street debut Ari Levy / CNBC : Instacart closed up 12.33% in its Nasdaq debut, valuing the gro...
Nasdaq gained 32% in H1 2023, its best first half since 1983's 37% rise; Nvidia is up 195%+, Meta is up 130%+, Apple and Amazon are up 50%+, Alphabet is up 34%+
Ari Levy / CNBC :
Nasdaq gained 32% in H1 2023, its best first half since 1983's 37% rise; Nvidia is up 195%+, Meta is up 130%+, Apple and Amazon are up 50%+, Alphabet is up 34%+
Ari Levy / CNBC :