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1 min read

Nvidia CEO Jensen Huang defends Blackwell design problems in post-earnings interview, promising 'billions' in Q4 revenues

Nvidia CEO Jensen Huang remains optimistic about prospects for its forthcoming Blackwell chip despi…

Erin Snodgrass   


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1 min read

'Unbelievable demand' for weight-loss drugs sends Eli Lilly stock soaring 14% after earnings

"We just see unbelievable demand, and we're not even trying that hard to promote this drug. We're n…

Matthew Fox   


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2 mins read

Stock market today: Indexes dip after Meta earnings and new labor-market data

The losses come despite strong Meta earnings as investors focus on weekly jobless claims data that …

Kelly Cloonan   


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5 mins read

Infosys slashes FY24 growth guidance by more than half as clients defer decisions, starting dates

Infosys has cut its revenue guidance for the financial year by more than half. The company said on …

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2 mins read

Stock market today: Indexes end lower as investors brace for major earnings results

Indexes were lower as investors braced for Tesla and Alphabet's earnings reports.

Filip De Mott   


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2 mins read

IT demand is ‘normalising’ after pandemic highs, says Wipro CEO

Tech major Wipro’s MD & CEO Thierry Delaporte said on Thursday that technology investments are norm…

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3 mins read

Wipro clocks 12% net profit in Q1; attrition rate falls

Wipro has reported a consolidated net profit for Q1FY24 at Rs 2,870 crore. The IT major has guided …

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3 mins read

Big Tech is preparing to report its earnings. The results could make or break the AI rally.

Firms including Amazon, Apple, Meta, and Microsoft will report earnings this week — and investors …

Hasan Chowdhury   


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4 mins read

'Gaining share': Here's what Wall Street expects from Amazon's 2nd-quarter earnings

"There are some signs of consumer softening, but we think Amazon is gaining share," Bank of America…

Matthew Fox   


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1 min read

Chip stocks try to rebound as TSMC earnings lift hopes after steep sell-off

Chip stocks including TSMC, Nvidia, and AMD were up Wednesday after TSMC reported strong quarterly …

Kelly Cloonan   


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2 mins read

CrowdStrike's reputation has a 'major black eye.' Earning back customers' trust will be an uphill struggle.

Crisis management will likely be top of the agenda for CrowdStrike after an IT outage sparked globa…

Jyoti Mann   


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4 mins read

'A growth turnaround beginning': Here's what Wall Street expects from Apple's 3rd-quarter earnings

Apple is on deck to report third-quarter earnings. Analysts are focused on the company's AI initiat…

Jennifer Sor   


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4 mins read

Tech stocks tumble after Accenture guidance signals weak demand ahead

India’s tech stocks pack slipped down a slippery slope on Friday morning trade after tech major Acc…

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3 mins read

'Potential boost from TikTok uncertainty': Here's what Wall Street expects from Meta's 2nd-quarter earnings

"Our 2Q advertising checks and time at Cannes suggest that the broader online advertising market is…

Matthew Fox   


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2 mins read

As markets start to turn, consulting will be first to pick up: Wipro CEO

Wipro’s CEO Thierry Delaporte said on Friday that the IT service market is seeing greenshoots of ev…

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3 mins read

AI could help predict the financial earnings of companies as large as Apple, researchers say

A group of University of Chicago researchers found that GPT-4 outperformed human financial analysts…

Lloyd Lee   


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Stock market today: Indexes pop after Nvidia's blowout earnings report

Nvidia cleared a high bar, impressing investors with a big earnings beat and announcing a 10-for-1 …

Max Adams   


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2 mins read

Stock market today: US stocks edge higher amid mixed earnings and ahead of PCE inflation data

Stocks edged higher on Thursday ahead of new inflation data in the form of May PCE. Weekly jobless …

Max Adams   


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5 mins read

Wipro sees FY23 revenue growth at 11.5-12%, Q3 profit growth beats analyst expectations

Indian IT services company Wipro said on Friday that it expects its constant currency revenue to gr…

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7 mins read

Infosys raises revenue guidance for FY23 to 16-16.5%, revenue growth beats analyst expectations

Indian IT major Infosys raised its revenue growth guidance for FY23 to 16-16.5% in constant currenc…