Tag: Software

Shares of Adobe fell nearly 10% in premarket trading on Thursday after the Photoshop maker’s downbeat full-year revenue forecast led to concerns that returns from AI investments into its software applications might take longer than expected.

Expectations were high for Oracle’s November-quarter results. And when the software giant reported them, after Monday’s close, the numbers were slightly below the high hopes inspired by Oracle’s fast-growing services in artificial intelligence.

Bitcoin was rising on Tuesday, but it looks unlikely that the cryptocurrency’s recent red-hot rally will reignite anytime soon.

Rubrik stock skyrocketed in premarket trading Friday after the data security company reported an adjusted third-quarter loss that was narrower than expected and raised its guidance.

Couchbase stock slumped after the software company forecast less revenue than expected for the current quarter.

Apple is currently using Amazon Web Services’ custom artificial intelligence chips for services like search and will evaluate if the company’s latest AI chip can be used to pretrain its models like Apple Intelligence.

Amazon announced a new slate of artificial intelligence platforms, known as foundation models, at its annual AWS conference, allowing for text, image and video generation, among other things.

Microsoft on Tuesday was accused of unfairly overcharging customers of rival cloud companies in a lawsuit claiming damages of more than £1 billion ($1.27 billion).

Microsoft is set to go under the microscope of the nation’s top antitrust watchdog, the Federal Trade Commission, which is launching a sweeping investigation into the tech giant’s practices.

CrowdStrike Holdings reported better-than-expected third-quarter financial results on Tuesday after the cybersecurity company’s software triggered a global tech outage over the summer.

Shares in Atos soared after the beleaguered French IT company received an offer from the French government to acquire its advanced computing activities for up to 625 million euros ($651.7 million).

Snowflake Inc. gained 20% in premarket trading after the company gave a better-than-expected sales outlook, suggesting newly launched products are receiving a strong reception from customers.

SoundHound shares were down 6.9% at $7.04 in premarket trading. The company, which makes voice-technology software powered by AI, beat Wall Street’s targets for the third quarter and raised its outlook. But that wasn’t enough to keep its recent steep rally going. 

Visa is partnering with fintech company Affirm to roll out a card in the U.S. that customers can use for both debit transactions and buy now, pay later purchases, reflecting the growing demand for flexibility in payment options.

Sapiens International Corporation NV saw its shares slump more than 21% in premarket trading Monday after the company cut its annual revenue guidance and its Q3 results missed expectations.

Doximity stock soared early Friday after the online medical platform reported quarterly earnings that knocked it out of the park. Shares jumped 42% to $61.80 in premarket trading Friday, if those gains hold it will be the stock’s best ever day, according to Dow Jones Market Data.

Microsoft reported first-quarter earnings on Wednesday that beat Wall Street estimates, but the stock was falling after the company forecast higher expenses related to artificial intelligence.

Shares in SAP were up 5% at market open on Tuesday, hitting an all-time high of 221 euros ($239.21) after the German software company raised its full-year targets on a strong cloud business in the third quarter.

Microsoft is continuing to find ways to monetize its massive investments in artificial intelligence with an increasing array of software offerings for enterprises and consumers. The company’s latest effort is what it calls autonomous agents and comes as Wall Street prepares to scrutinize tech companies’ AI spending and growth.

Google filed an antitrust complaint with the European Commission Wednesday accusing Microsoft of using unfair licensing contracts to stifle competition in the multibillion-dollar cloud computing industry.