Nutanix reported strong financial results for the third quarter of fiscal 2024, with revenue reaching $524.6 million, a 17 percent increase year-on-year. The company also saw growth in customer count, with 490 new customers added in the quarter, bringing the total to 25,860. Average Contract Value (ACV) billings were up 20 percent to $288.9 million, … Read more
Over the past 20 years, Amazon (NASDAQ:AMZN) has established itself as a dominant force in the e-commerce industry while also venturing into other innovative business ideas. One of these ideas, Amazon Web Services (AWS), has become the leading cloud computing company globally. Despite diversifying its business, e-commerce remains a crucial component of Amazon’s overall operations. … Read more
E-commerce remains a significant part of Amazon’s overall business despite the company’s expansion into other ventures such as Amazon Web Services (AWS) and advertising. In the first quarter of 2024, Amazon’s e-commerce segment accounted for 62% of its total sales, with ancillary services like subscriptions pushing that figure up to 70%. While AWS is becoming … Read more
Over the past two decades, Amazon (NASDAQ: AMZN) has become a powerhouse in the e-commerce industry while also venturing into various other innovative business ideas. One of its successful ventures is Amazon Web Services (AWS), which has become the world’s largest cloud computing company in terms of sales. Despite the success of AWS and other … Read more
Nvidia recently released its latest quarterly financial results, impressing Wall Street with its performance. The company generated $26 billion in revenue during the first quarter of 2024, primarily driven by its data center business and growing demand for AI technologies. Nvidia’s CEO, Jensen Huang, expressed optimism about the future, citing the potential of AI to … Read more
Nvidia has predicted that their revenue for the second quarter will surpass expectations, and they have also announced a 10-for-one forward stock split. This news has pleased investors, who have seen the chipmaker’s market value triple in the last year due to optimism surrounding artificial intelligence. Nvidia’s optimistic forecast for the second quarter comes as … Read more
Nvidia CEO Jensen Huang believes that there is a growing demand for generative AI training. According to Huang, the need for this technology is increasing at a rapid pace. Article Source https://www.axios.com/2024/05/22/nvidia-earnings-report-q1-fy25
Goldman Sachs analyst Eric Sheridan has reiterated a Buy rating on Alphabet Inc (GOOG, GOOGLE) with a price target of $195. Sheridan highlighted Google’s recent Marketing Live keynote where the company outlined its vision for launching AI tools and services in the digital advertising space. Google is exploring how AI can enhance return on ad … Read more
NVIDIA’s impressive growth is driven by its data center business, which saw a 427% increase in the latest quarter due to the demand for its AI processors. The company is assuring investors that clients investing in their chips will also see profitable returns from AI applications. This indicates that the AI industry has room for … Read more
Wall Street is showing increased concern about the cloud revenue figures of Big Tech companies such as Amazon, Google, and Microsoft. There are worries that the growth in revenue is being artificially inflated by extensive investments in AI startups and related projects, leading to what is known as “round trip income.” “Round-trip” income occurs when … Read more