Oracle’s stock has fallen nearly 50 per cent since hitting a record in September and dropped 14 per cent in the six sessions through Thursday, its worst stretch in months. Of the 51 Wall Street analysts tracked by Bloomberg who follow the company, 41 have buy ratings and only one rates it a sell. The […]
After a CFIUS-induced retreat in 2024, the wafer-scale chip startup is back with an OpenAI deal in its pocket and a sharper bet against Nvidia. Eighteen months ago, Cerebras Systems looked like a cautionary tale. The Sunnyvale-based AI chip startup had filed for an initial public offering in September 2024, only to see its plans […]
The social platform beat Wall Street estimates across every line, raised Q2 guidance above consensus, and reported $1m in capital expenditure, a striking contrast to the hyperscaler capex arms race. Reddit reported first-quarter 2026 revenue of $663 million, up 69% year on year and 8.5% above the $611 million Wall Street consensus, in earnings released […]
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Q1 revenue of $1.41 billion grew 20% year on year, the highest reported rate since 2022, as the cloud communications platform repositions itself as enterprise voice AI infrastructure. Twilio raised its full-year 2026 revenue growth forecast to 14-15%, up from 11.5-12.5%, after reporting first-quarter results that beat expectations across every major metric on Thursday. The […]
Apple reported its best March quarter in history on Thursday, posting revenue of $111.2 billion, up 17 per cent year over year, with net profit of $29.6 billion. iPhone revenue reached a March quarter record of $58 billion, up 22 per cent, driven by what Tim Cook called “extraordinary” demand for the iPhone 17, which […]
The Lee family of South Korea, which controls Samsung, has doubled its wealth in twelve months. Bloomberg’s Billionaires Index now values the dynasty’s holdings at $45.5 billion, up from $22.7 billion a year ago, propelling the Lees from tenth to third among Asia’s richest families. The catalyst is not a new product or a management […]
Euro-area finance ministers will discuss Anthropic’s Mythos AI model with banking supervisors on Monday, according to a senior EU official. The technology that will be on the agenda is one that no government in the European Union has access to, built by a company that the United States Pentagon has designated a national security supply […]
The alternative asset manager’s co-CEO disclosed the returns on a Q1 earnings call, framing the SpaceX gain as a hedge against potential software credit losses from AI disruption, a revealing window into how private credit firms are navigating the AI era Blue Owl Capital has sold approximately half its SpaceX investment at a $1.25 trillion […]
Heather Hall, a fractional CFO and founder of Sapphire CFO Solutions, observes a growing sense of AI overwhelm among startup founders. “New tools may promise greater automation and efficiency, but they also add layers of complexity to financial choices,” she says. “With more options on the table, many founders find that experienced financial guidance can […]
