Tag: Software

Oracle says details in report of failed Microsoft cloud deal talks ‘inaccurate’

Oracle said on Tuesday that details in a Business Insider ​report on the collapse of its discussions with ‌Microsoft over a potential leasing deal were inaccurate.

SpaceX locks in $60 billion Cursor deal to power AI coding push

Elon Musk’s SpaceX said on Tuesday it would acquire Anysphere, the software firm behind the popular AI coding agent Cursor, for $60 billion, in a bid to ramp up its presence ​in the enterprise AI market.

Adobe Stock Slides Despite Record Results. CFO Heads for Chip Company.

Adobe reported better-than-expected second-quarter financial results on Thursday night backed by strong demand for its artificial intelligence products. The stock was still sliding,

Oracle shares dropped due to higher capital expenditure, revenue guidance concerns, and cloud growth impacting software margins.

Higher capital expenditure, revenue guidance falling short of expectations, and the growth of cloud computing diluting the company’s software margins all look like concerns. But that’s not putting off some analysts.

Meta agrees to Indian AI data center deal as hyperscaler bolsters its infrastructure

Meta Platforms plans to lease 168 MW AI-enabled data center in India from Reliance Industries.

Corning shares jump 9% after striking deal to power Amazon AI data centers in U.S.

Amazon is paying Corning billions of dollars for optical fiber to power and connect its rapidly expanding U.S. data centers, the latest megadeal featuring two companies at the center of the artificial intelligence boom.

ServiceTitan surges 12% on strong Q1 results, guidance

ServiceTitan Inc. reported first-quarter results that exceeded analyst expectations, driving shares up 12.5% as the software platform for trades businesses demonstrated strong revenue growth and improved profitability.

Profile: Συμφωνία με Πειραιώς, φλερτ με ΝΑΤΟ και επέκταση στον κλάδο της Αμυνας

Με το βλέμμα στις χρηματοοικονομικές υπηρεσίες με σημαντικές συνεργασίες εντός και εκτός συνόρων, αλλά και στην Άμυνα, η Profile καταγράφει ισχυρούς ρυθμούς ανάπτυξης στο πρώτο εξάμηνο του 2026, και θέλει να ενισχύσει την παρουσία της στο εξωτερικό.

CrowdStrike narrowly beats estimates on AI tailwinds, but stock falls 10%

CrowdStrike narrowly beat Wall Street’s fiscal first-quarter estimates after the bell on Wednesday, but shares slid 10% following the report.

Amazon unveils new AI warehouse robot in $12 billion Europe push

Amazon on Thursday unveiled an upgraded ‌AI-powered mobile robot for its warehouses that can respond to conversational prompts, as part of a €10 billion ($11.6 billion) investment in its European fulfilment network.

Microsoft Unveils New Quantum Chip. What It Means for the Stock.

Microsoft has launched a new quantum chip that it says is 1000 times more reliable than its predecessor, while halving its timeline to develop a scalable quantum computer to 2029.

MongoDB Stock Rises on Earnings Beat. Software Isn’t Dead Yet.

Shares of MongoDB were rising on Friday after the document database company surpassed Wall Street’s expectations with its fiscal first-quarter earnings report and raised its full-fiscal year profit outlook.

Nebius Stock Surges on Backing From This Big AI Investor

Nebius Group stock looked set for a boost early Thursday. Prominent artificial-intelligence investor Leopold Aschenbrenner has backed the cloud-computing company.

Snowflake rockets 36% on earnings beat and plan to spend $6 billion on Amazon cloud

Amazon said Wednesday that its cloud division has landed a $6 billion spending commitment from Snowflake, which includes the use of the company’s custom silicon and chips for artificial intelligence.

Zscaler Stock Plunges 21% on Weak Fourth-Quarter Guidance

Shares of Zscaler fell in the Wedenesday premarket after fiscal third-quarter earnings and revenue surpassed Wall Street’s expectations but sales guidance fell short.

Honeywell’s Quantinuum targets $12.7 billion valuation in US IPO

Honeywell’s (HON.O),  Quantinuum is targeting a valuation of up to $12.7 billion in its U.S. initial public offering, it ​said on Tuesday, as it looks to capitalize on ‌heightened investor attention around quantum computing.

Workday shares jump as AI demand eases investor concerns

Workday (WDAY.O), shares jumped nearly 12% premarket on Friday after the enterprise software maker beat first-quarter revenue and profit ​estimates, easing concerns that AI rivals such ‌as Anthropic could rapidly disrupt demand for traditional software vendors.

IBM and Quantum Stocks Jump on Trump Administration Funding Pact. What We Know.

Quantum-computing stocks spiked Thursday after the U.S. Commerce Department confirmed it planned to award grants to nearly a dozen companies to foster the development of the domestic quantum industry.

Intuit plans to cut workforce by about 17% as tax software maker reckons with slowing growth

Tax and finance software maker Intuit said Wednesday that it is cutting 17% of its full-time workforce, the latest tech company to announce a mass downsizing during the artificial intelligence boom. Shares tumbled 13% in extended trading.

France’s Publicis to buy US data firm LiveRamp for $2.2 billion

French advertising group Publicis Groupe has agreed to acquire U.S. data collaboration company LiveRamp for a total enterprise value of about $2.2 billion ​in an all-cash deal, it said on Sunday.