Investing.com

Nvidia Surpasses $1,000 a Share in Afterhours Trading on Positive Outlook and Stock Split Announcement – Investing.com

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Nvidia Surpasses ,000 a Share in Afterhours Trading on Positive Outlook and Stock Split Announcement – Investing.com

Nvidia reported strong first-quarter results, with adjusted earnings of $6.12 per share on revenue of $26.04 billion, surpassing analyst expectations. The company experienced a 427% rise in data center revenue, driven by demand for AI-driven applications. Nvidia also provided optimistic guidance for the current quarter, expecting revenue of $28 billion, above estimates of $26.54 billion. … Read more

Asian suppliers of Nvidia proceed cautiously as Q1 earnings approach according to Investing.com

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Nvidia Surpasses ,000 a Share in Afterhours Trading on Positive Outlook and Stock Split Announcement – Investing.com

Shares of Asian suppliers of NVIDIA, such as SK Hynix Inc. and TSMC, rose as investors awaited the company’s first-quarter results for insights into the artificial intelligence industry. Hon Hai Precision Industry Co Ltd also saw an increase in its stock price due to its partnership with Nvidia. However, Advantest Corp. and Samsung Electronics Co … Read more

Investing.com partners with Nutanix and EDB to optimize PostgreSQL for enterprise applications

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Investing.com partners with Nutanix and EDB to optimize PostgreSQL for enterprise applications

Nutanix, a leader in hybrid multi-cloud computing, and EnterpriseDB (EDB), known for PostgreSQL acceleration in enterprises, have expanded their partnership to support PostgreSQL for transactional, analytical, and artificial intelligence workloads. This collaboration aims to combine Nutanix’s automation features with EDB’s high performance and security to facilitate the adoption of PostgreSQL in on-premises data centers and … Read more

Investing.com reports on Dell and Nutanix collaboration for hybrid multicloud solutions

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Investing.com reports on Dell and Nutanix collaboration for hybrid multicloud solutions

Nutanix, a company specializing in hybrid multi-cloud computing, has announced a partnership with Dell Technologies to accelerate the digital transformation of their mutual customers. The collaboration will provide modernized infrastructure and application development support through new hybrid multi-cloud solutions. These solutions will integrate Dell’s server and storage capabilities with Nutanix software. One of the main … Read more

IBM to launch additional open-source AI models, enters agreement with Saudi Arabia – Investing.com

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IBM to launch additional open-source AI models, enters agreement with Saudi Arabia – Investing.com

IBM has recently announced that it will be releasing a set of AI models as open source software and will be assisting Saudi Arabia in training an AI system in Arabic. This move sets IBM apart from its competitors like Microsoft, as it follows a similar open access approach as Meta Platforms. The AI models, … Read more

Stephen Lynch sells VMware shares following Broadcom acquisition By Investing.com

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Stephen Lynch sells VMware shares following Broadcom acquisition By Investing.com

In a recent turn of events, Stephen F. Lynch, representative for Massachusetts’s 8th congressional district, has sold his shares in VMware, Inc. (NYSE:). The transaction took place on November 27, 2023, and was valued between $1,001 and $15,000. This sale occurred in the wake of Broadcom Inc.’s (NASDAQ:) acquisition of VMware, a global leader in … Read more

Morgan Stanley lifts Nutanix shares target, cites VMware deal as growth catalyst By Investing.com

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Morgan Stanley lifts Nutanix shares target, cites VMware deal as growth catalyst By Investing.com

On Wednesday, Morgan Stanley maintained its Equalweight rating on shares of Nutanix (NASDAQ:), while increasing the price target to $63 from the previous $58. The firm’s analysis indicates that Nutanix could see a revenue growth boost of 2-5% in the coming years, attributed to the potential increased traction for the company following Broadcom (NASDAQ:)’s acquisition … Read more

Morgan Stanley lifts Nutanix shares target, cites VMware deal as growth catalyst By Investing.com

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Morgan Stanley lifts Nutanix shares target, cites VMware deal as growth catalyst By Investing.com

On Wednesday, Morgan Stanley (NYSE:) maintained its Equalweight rating on shares of Nutanix (NASDAQ:), while increasing the price target to $63 from the previous $58. The firm’s analysis indicates that Nutanix could see a revenue growth boost of 2-5% in the coming years, attributed to the potential increased traction for the company following Broadcom (NASDAQ:)’s … Read more

Citi bullish on Broadcom, AI and VMware acquisition brighten outlook By Investing.com

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Citi bullish on Broadcom, AI and VMware acquisition brighten outlook By Investing.com

© Reuters. On Wednesday, Citi maintained its Buy rating on Broadcom Limited (NASDAQ:) with a steady price target of $1,560.00. The firm’s confidence stems from a recent investor meeting with Broadcom CEO Hock Tan, during which he conveyed a strong outlook for artificial intelligence spending. According to Tan, the demand for AI accelerators and networking … Read more

Broadcom fiscal Q1 results top estimates on VMware-led surge in software demand By Investing.com

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Broadcom fiscal Q1 results top estimates on VMware-led surge in software demand By Investing.com

© Reuters Investing.com – Broadcom reported Thursday fiscal first-quarter results that topped Wall Street estimates on AI-led chip demand and growth in its software business was bolstered the acquisition of VMware (NYSE:).   Broadcom Inc (NASDAQ:) fell more than 2% in after-hours trade following the report. Broadcom adjusted earnings of $10.99 per diluted share on revenue of $11.96B. … Read more