Category: Latest News
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Advanced Drainage Systems tops forecasts despite cautious demand outlook (WMS)
Advanced Drainage Systems (NYSE:WMS) reported fourth-quarter results ahead of analyst expectations, although shares fell 3.4% after management struck a cautious tone regarding future demand conditions. The water infrastructure and drainage products group posted adjusted earnings per share of US$1.07 for the quarter ended March 31, beating analyst forecasts of US$0.95 by US$0.12. Quarterly revenue increased…
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Lightspeed Commerce shares decline after quarterly earnings miss despite revenue growth (LSPD)
Lightspeed Commerce (NYSE:LSPD) shares fell 4% in premarket trading on Thursday after the company reported fourth-quarter earnings below analyst expectations, despite delivering stronger-than-expected revenue growth. The omnichannel commerce platform provider posted adjusted earnings per share of US$0.10 for the quarter ended March 31, missing the analyst consensus estimate of US$0.11 by one cent. Quarterly revenue…
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Microsoft and EY launch $1 billion AI partnership to accelerate enterprise adoption (MSFT)
Microsoft (NASDAQ:MSFT) and EY announced on Thursday a strategic partnership valued at more than US$1 billion aimed at helping corporate clients move artificial intelligence initiatives from experimental pilot programmes into large-scale deployment. According to a statement released by the companies, the collaboration will initially focus on AI implementation across finance, tax, human resources and supply…
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Quantum Computing Gets Washington’s Backing, and the Sector’s Next Wave May Extend Beyond Hardware
The Trump administration’s reported decision to award $2 billion in grants to leading quantum-computing companies marks one of the strongest signals yet that quantum technology has moved from experimental science into the realm of national strategic infrastructure. According to a Reuters report citing the Wall Street Journal, the U.S. Department of Commerce is expected to…
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AMD begins ramp-up of next-generation EPYC chips using TSMC’s 2nm technology (AMD)
Advanced Micro Devices (NASDAQ:AMD) announced that it has started ramping production of its sixth-generation AMD EPYC processors, known by the codename “Venice,” using Taiwan Semiconductor Manufacturing Company’s 2-nanometer manufacturing process. AMD said the launch makes Venice the first high-performance computing processor in the industry to enter production using TSMC’s advanced 2nm process technology. Initial production…
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NIO shares rally after first-quarter earnings beat and stronger revenue outlook (NIO)
NIO (NYSE:NIO) shares gained more than 5% in U.S. premarket trading on Thursday after the electric vehicle maker reported first-quarter results ahead of expectations and issued second-quarter guidance that also exceeded analyst forecasts. Revenue for the three months ended March reached RMB25.53 billion, representing year-on-year growth of 112.2% and broadly matching the consensus estimate of…
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IBM shares surge after securing $1 billion U.S. quantum computing award (IBM)
IBM (NYSE:IBM) shares climbed 6.6% on Thursday after the U.S. Commerce Department announced that the company would receive US$1 billion in government funding to accelerate the development of quantum computing technology. The grant forms part of a broader US$2 billion funding package allocated to nine quantum computing companies, according to a report by The Wall…
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Deere tops forecasts as construction and small agriculture divisions drive growth (DE)
Deere & Company (NYSE:DE) reported second-quarter earnings ahead of analyst expectations, supported by strong momentum in its construction and small agriculture businesses, sending shares up 2.2% in premarket trading on Thursday. The machinery manufacturer posted adjusted earnings per share of US$6.55 for the quarter ended May 3, exceeding analyst forecasts of US$5.70 by US$0.85. Quarterly…
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Nvidia targets next wave of AI growth with new data centre chips and expanding customer base (NVDA)
NVIDIA (NASDAQ:NVDA) chief executive Jensen Huang sought to reassure investors on Wednesday that the company can maintain its rapid growth trajectory through a broader customer base and the launch of new data centre products, while projecting that sales of its flagship AI chips could exceed US$1 trillion. Despite forecasting second-quarter revenue above Wall Street expectations…
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Google commits $15 billion to Missouri expansion with new data center project (GOOG)
Google (NASDAQ:GOOG) announced plans on Wednesday to invest US$15 billion into infrastructure projects across Missouri, including the construction of a new data centre in New Florence, located in Montgomery County. Missouri Governor Mike Kehoe said the investment highlights the state’s increasing importance as a hub for technology and innovation. He added that the project is…