Dell earnings Q1 2025

Dell earnings Q1 2025

Michael Dell, Chairman and CEO of Dell Technologies, is speaking at the Mobile World Congress 2024 in Barcelona, Spain, on February 27, 2024. Joan Cros | Nurphoto | Getty Images Dell reported first-quarter earnings on Thursday that beat analyst estimates for earnings and sales, as the company has emerged as one of the top vendors … Read more

Trustly posts 51% profit jump; CEO says IPO at least 2 years out

Trustly posts 51% profit jump; CEO says IPO at least 2 years out

Trustly CEO Johan Tjarnberg. Trustly The boss of Swedish financial technology startup Trustly says an initial public offering for the company is still a year or two away from happening, even after a 51% jump in operating profit. In an exclusive interview with CNBC, Johan Tjarnberg, CEO of Trustly, said that his firm still needs … Read more

F1 dispute with Andretti Global draws in U.S. lawmakers

F1 dispute with Andretti Global draws in U.S. lawmakers

Former race car driver Mario Andretti listens during a news conference on May 01, 2024 in Washington, DC. Rep. John James (R-MI) hosted Andretti on Capitol Hill to respond to the Formula 1 management denying his family and General Motors the opportunity to join the global motorsports series.  Anna Moneymaker | Getty Images A dispute … Read more

Microsoft announces new PCs with AI chips from Qualcomm

Microsoft announces new PCs with AI chips from Qualcomm

Satya Nadella, chief executive officer of Microsoft Corp., speaks during a company event on AI technologies in Jakarta, Indonesia, on April 30, 2024. Dimas Ardian | Bloomberg | Getty Images Microsoft is touting new computers with advanced chips designed to run artificial intelligence features of software for Windows, without quickly using up battery life. The … Read more

The year of AI PCs

The year of AI PCs

Microsoft Chief Executive Officer (CEO) Satya Narayana Nadella speaks at a live Microsoft event in the Manhattan borough of New York City, October 26, 2016. Lucas Jackson | Reuters Microsoft‘s Build developer conference kicks off on Tuesday, giving the company the opportunity to showcase its latest artificial intelligence projects, following high-profile events this month hosted … Read more

Dell stock surges 9% on optimism company has big AI server orders

Dell stock surges 9% on optimism company has big AI server orders

Michael Dell, Chairman and CEO of Dell Technologies, is speaking at the Mobile World Congress 2024 in Barcelona, Spain, on February 27, 2024. Joan Cros | Nurphoto | Getty Images Dell shares rose more than 11% on Wednesday to an all-time high after Morgan Stanley raised its price target and predicted that the company would … Read more

Super Micro stock plummets 18% after posting revenue miss

Super Micro stock plummets 18% after posting revenue miss

The Super Micro Computer logo is seen on a smartphone screen. Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Super Micro Computer shares plunged 18% on Wednesday morning after the server company upped its top-line guidance but reported third-quarter revenue that slightly missed estimates. The company on Tuesday posted revenue of $3.85 billion, … Read more

Super Micro plunges ahead of third-quarter earnings later this month

Super Micro plunges ahead of third-quarter earnings later this month

David Paul Morris | Bloomberg | Getty Images Super Micro Computer shares plunged 18% on Friday as investors scaled back their holdings of one of the market’s hottest stocks ahead of earnings later this month. Shares of Super Micro, which joined the S&P 500 in March, are still up about 168% this year after climbing … Read more

Intel unveils Gaudi 3 AI chip as Nvidia competition heats up

Intel unveils Gaudi 3 AI chip as Nvidia competition heats up

Pat Gelsinger, CEO Intel, speaking on CNBC’s Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBC Intel on Tuesday unveiled its latest artificial intelligence chip, called Gaudi 3, as chipmakers rush to produce semiconductors that can train and deploy big AI models, such as the one underpinning … Read more

Rubrik files to go public as tech companies see thawing of IPO market

Rubrik files to go public as tech companies see thawing of IPO market

Bipul Sinha, co-founder and CEO of data security software company Rubrik. Sinha previously backed cloud management company Nutanix. Greylock Partners Rubrik, a nine-year-old data security software vendor, filed to go public on Monday, the latest venture-backed company to move toward the public market after an extended lull dating back to late 2021. The Silicon Valley … Read more