The new office will span three floors, tripling the size of Nutanix’s previous workspace As Saudi Arabia continues to play a key role in Nutanix’s MEA operations, the company, a leader in hybrid multicloud computing, is expanding into a larger office space in Riyadh to accommodate rapid expansion. Economy Middle East spoke to Talal Al-Saif, … Read more
Nutanix, Inc. NTNX reported better-than-expected fourth-quarter financial results and issued FY25 revenue guidance above estimates on Wednesday. Nutanix reported quarterly earnings of 27 cents per share which beat the analyst consensus estimate of 20 cents per share. The company reported quarterly sales of $547.95 million which beat the analyst consensus estimate of $536.94 million. “Our … Read more
Nvidia recently announced the launch of its Blackwell platform, a move that could potentially benefit not only Nvidia but also other companies in the industry. This launch has the potential to boost the stocks of both Nvidia and the companies that work closely with Nvidia. The launch of the Blackwell platform has sparked interest in … Read more
AWS Glue Data Catalog now offers column-level aggregation statistics for Apache Iceberg tables, enhancing query performance in Redshift Spectrum. Apache Iceberg is an open table format that supports ACID transactions on data lakes. Enhancements include time-travel, schema evolution, and hidden partitioning. The Data Catalog stores table metadata and supports Iceberg tables, enabling automatic compaction of … Read more
Businesses are increasingly relying on generative artificial intelligence (AI) inference to enhance their operations. To address the need for scaling AI operations and integrating AI models, model optimization has emerged as a vital step for balancing cost-effectiveness and responsiveness. Different use cases require varying price and performance considerations, with chat applications focusing on minimizing latency … Read more
Intel shares rose over 1.5% due to new analyst coverage and reports on Intel chips, specifically the Lunar Lake laptop line that will not allow RAM upgrades. The RAM will be soldered to the motherboard for a more energy-efficient and compact design. Analyst Ben Reitzes from Melius Research predicts a positive second half of the … Read more
:max_bytes(150000):strip_icc()/GettyImages-1248364818-d6f6d28199d740a4a1e87b6009099772.jpg?w=1500&resize=1500,1002&ssl=1 "Analysts believe that Advertising Trends could boost Amazon Stock on AWS")
Amazon’s stock is predicted to continue its upward trajectory this year due to new revenue streams such as advertising and AWS, as well as cost-cutting measures in its retail operations, according to equity analysts at Jefferies. The analysts believe that Amazon shares, which have already risen by more than 30% this year, could grow by … Read more
The GSMA and IBM have partnered to launch the GSMA Advance AI training programme and the GSMA Foundry generative AI programme to support the adoption and skills of generative artificial intelligence in the telecommunications industry. The training program aims to prepare telecom leaders for the AI era and close skills gaps in the industry by … Read more
The S&P 500 reached a new record high on Monday, July 8, 2024, as the trading week started with significant events such as testimony from the Federal Reserve chairman, important inflation data, and bank earnings reports. Intel saw an increase in its stock price due to potential benefits from artificial intelligence. Conversely, Paramount Global shares … Read more
:max_bytes(150000):strip_icc()/GettyImages-2160010090-7db3d4313f954d15be13ffb9ea643ad8.jpg?w=1500&resize=1500,1000&ssl=1 "Intel and Super Micro Computer Surge on AI Boost, Driving S&P 500 Gains and Losses Today")
The S&P 500 reached a record high on Monday, July 8, 2024, while the Nasdaq also closed at a record high. The Dow, however, ended the session slightly lower. This week will see the Federal Reserve Chairman Jerome Powell testify before Congress, the release of the latest Consumer Price Index (CPI) Report, and quarterly reports … Read more