Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, has announced the date for its fiscal fourth quarter and fiscal year 2024 financial results release. The company will report its results on Wednesday, August 28, 2024, after U.S. markets close. A conference call and earnings webcast are scheduled for 4:30 … Read more
Cisco Systems (CSCO) shares have seen a 9.4% decline year to date, performing below the Zacks Index. The computer technology sector’s profitability is at 29.5%. CSCO is facing challenges due to slow network sales, particularly from telecom and cable service providers, along with tough competition. Excessive customer inventory has also hindered growth. In the third … Read more
Cisco Systems Inc. (CSCO) has experienced a decline of 9.4% year-to-date (YTD), sparking questions about how to approach trading the stock now. The technology company has faced challenges in the market, leading investors to seek guidance on the best course of action. One potential strategy for trading CSCO stock is to carefully analyze the factors … Read more
Intel’s stock saw a 4% increase on Monday following analysis from Melius Research suggesting that companies like Advanced Micro Devices (AMD), Apple, and Intel could potentially catch up to AI market leaders like Nvidia in the latter half of the year. Analyst Ben Reitzes of Melius Research stated that this surge in stock prices for … Read more
Stocks, including Intel, are taking a break from recent gains, with Intel shares falling 0.4% in morning trading on Tuesday after a four-day winning streak. Despite a 6.2% increase on Monday, Intel shares are still down 33% for the year. Analysts believe that some of these losses could be reversed, citing examples from 2023 where … Read more
Melius Research has identified Advanced Micro Devices (AMD), Intel (INTC), and Apple as key players in the AI “catch-up” trade for the second half of 2024. Market analysts, Julie Hyman and Josh Lipton, are looking into these tech stocks based on insights from Melius Research analyst Ben Reitzes. Reitzes’ note discusses the potential for significant … Read more
Amazon Web Services (AWS) Singapore has been certified as a Great Place To Work® for 2024 for the second time, reflecting the dedication and talent of its employees. Great Place To Work® is a global authority on workplace culture and employee experience, with certification based on real-time feedback from employees. Lisa Tay, AWS HR Director … Read more
IBM has announced its plans to acquire the cloud infrastructure tools provider HashiCorp for $6.4 billion. The deal is expected to close by the end of 2024 and will enhance IBM’s position in the hybrid cloud and AI space. IBM CEO Arvind Krishna highlighted HashiCorp’s track record in managing infrastructure complexity and application proliferation. The … Read more
The Department of Veterans Affairs revealed plans to resume the implementation of a new electronic medical record system by the end of fiscal year 2025. Secretary Denis McDonough emphasized the importance of having a single health record across the VA system that effectively communicates with the Department of Defense. The EHR modernization project had been … Read more
Broadcom stock price has been a focus of many investors, with predictions on where it will be in a year’s time. As of now, the stock price for Broadcom has been performing well, with steady increases over the past few months. Many analysts are optimistic about the future of Broadcom stock, citing strong financial performance … Read more