Nutanix’s Chief Financial Officer, Rukmini Sivaraman, recently engaged in a series of transactions involving the acquisition and disposal of shares of the company. Sivaraman sold Nutanix’s Class A Common Stock totaling $668,787 at prices ranging from $53.1769 to $54.53 under a pre-established trading plan to avoid insider trading accusations. Additionally, the CFO acquired shares through … Read more
In an effort to enhance the capabilities of Grok, an AI model developed by Elon Musk’s company xAI, Dell Technologies Inc. has announced a partnership with NVIDIA Corporation to build a Dell AI factory. This factory will play a crucial role in boosting the performance of Grok-1.5V, the first-generation multi-mode model introduced by xAI in … Read more
Nutanix, a company specializing in hybrid multicloud computing, has appointed Brian Martin as Chief Legal Officer. Martin brings over 20 years of legal expertise in the B2B technology sector and will oversee all legal department operations at Nutanix. With executive positions at companies like Juniper Networks and Sun Microsystems, Martin is expected to enhance Nutanix’s … Read more
RBC Capital maintained its Outperform rating and $80.00 price target on Nutanix (NASDAQ:), following the company’s strong quarterly results that exceeded expectations. The company reported a robust pipeline of larger deals, including a significant eight-figure contract, and benefited from strategic moves like the partnership with Cisco (NASDAQ:). Despite uncertainties around deal closures and sales cycles, … Read more
Hewlett Packard Enterprise (NYSE: HPE) experienced a significant increase in its stock value of over 15% following the release of better-than-expected quarterly results. The company reported earnings per share of $0.42, surpassing projections of $0.39, and revenue of $7.2 billion, exceeding consensus estimates of $6.83 billion. One of the standout performances was in HPE’s AI … Read more
Nvidia (NASDAQ: NVDA) has been a standout in the stock market, driving broader indices with its high trading volume. However, BTIG has raised concerns about the hype surrounding the chipmaker’s stock, particularly after the announcement of a stock split on June 7. The current trading volume for Nvidia is 90% above average, with about 80 … Read more
Investors are eagerly awaiting the release of the monthly non-farm payrolls report in the US to gain insights into the Federal Reserve’s potential interest rate cuts. Expectations suggest an increase of 185,000 jobs, which would indicate a slight improvement from the previous month. Concerns have arisen over potential rate cuts due to a strong economy, … Read more
Hewlett Packard Enterprise’s stock surged over 15% in early U.S. trading after announcing stronger-than-expected quarterly results. The company reported earnings per share of $0.42 for the second quarter, surpassing projections of $0.39, with revenue hitting $7.2 billion, beating estimates of $6.83 billion. AI server sales for HPE more than doubled from the previous quarter, exceeding … Read more
Short positions in NVIDIA Corporation surged this week as the company surpassed Apple Inc to become the second most valuable company on Wall Street. Data from S3 Partners revealed that short positions in Nvidia reached $34.4 billion, making up about 1% of the company’s total market capitalization. This marked a significant increase compared to short … Read more
U.S. stock futures saw an increase on Wednesday after the release of monthly U.S. private payrolls data from ADP, with hopes for potential Federal Reserve rate cuts. Private sector job gains were found to be weaker than expected, indicating a possible cooling in the labor market. Here are some key drivers of U.S. stocks today: … Read more