Hewlett Packard Enterprise Co. saw its shares rise by 16% to hit a record high after reporting better-than-expected revenue in the fiscal second quarter, driven by strong sales of servers designed for artificial intelligence work. The company’s revenue in the period rose 3.3% to $7.2 billion, surpassing Wall Street’s projection of a 2% drop. Earnings … Read more
IBM NZ expressed optimism about future prospects, noting that they have renewed their focus on core offerings and strengthened partnerships with other businesses. The company’s strategy includes investments in areas such as hybrid cloud and AI, which Harris believes will drive growth and lead to stronger financial outcomes in the coming years. WatsonX, IBM’s AI … Read more
HPE Stock is experiencing its largest gain since 2016 due to the increase in sales of AI servers. This growth in sales is significant for the company and has positively impacted its stock performance. The boost in demand for AI servers has played a crucial role in driving HPE’s stock value up, resulting in a … Read more
Fund manager, Stephen Yiu, believes an “overlooked” chipmaker could potentially outperform Nvidia in the future. He points to the chipmaker’s billions in AI chip sales as evidence of its potential growth. Despite Nvidia’s dominance in the market, Yiu sees this lesser-known company as a strong competitor with room for growth. Yiu, who manages the Blue … Read more
Journalist Rewrite: As the Memorial Day weekend comes to a close, there are some great deals on laptops and desktop computers that you can take advantage of. The best Memorial Day laptop sales offer significant discounts, with savings of hundreds of dollars. Whether you’re in the market for a Chromebook or a high-end gaming laptop, … Read more
Design preferences in smartphones can vary greatly among individuals, with screen edges being a key feature that often sparks debate. While many people prefer thinner screen borders for a sleeker look, there is a less popular opinion advocating for symmetrical display edges as a priority. However, not all phone manufacturers adhere to these preferences. Samsung … Read more
Nvidia has reported a record $26 billion in total revenue, with data center sales accounting for more than $22.6 billion. The company’s founder and CEO, Jensen Huang, highlighted the impact of artificial intelligence (AI) in revolutionizing data centers and driving significant productivity gains across industries. Nvidia’s revenue increased by 18% from the previous quarter and … Read more
Amazon’s cloud computing division, AWS, experienced a surge in sales growth fueled by demand for artificial intelligence tools. CEO Andy Jassy announced that AWS is now operating at an annual revenue rate of $100 billion. Sales for the division rose 17 percent year over year to $25 billion in the first three months of 2024, … Read more
Nvidia has faced a setback in the Chinese AI chip market as Huawei’s Ascend 910B outperformed the Nvidia H20 legal sanctions chip by about 10% in AI workloads, according to a report from Reuters. This has led Nvidia to lower the prices of the H20 by more than 10% in the Chinese market, impacting their … 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