ADVFN US – Market Content Editor
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CoreWeave signs multi-year AI infrastructure agreement with Hudson River Trading
CoreWeave, Inc. (NASDAQ:CRWV) has entered into a multi-year agreement with quantitative trading firm Hudson River Trading (HRT) to supply cloud computing infrastructure for its artificial intelligence research and model development activities. The partnership will give HRT access to CoreWeave’s specialised AI cloud platform as the trading firm expands its use of machine learning and large-scale…
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Meta emerges as major Microsoft Azure AI customer
Meta Platforms Inc. (NASDAQ:META) has become one of Microsoft Corp.’s (NASDAQ:MSFT) largest customers for artificial intelligence services, according to a Bloomberg News report, highlighting the substantial infrastructure spending required to support the technology sector’s AI expansion. The Facebook and Instagram parent is reportedly spending hundreds of millions of dollars each year to access artificial intelligence…
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Walmart shares slide as slower U.S. comparable sales overshadow earnings beat
Walmart Inc. (NASDAQ:WMT) shares fell around 6% in premarket trading on Thursday after the retail giant reported stronger-than-expected second-quarter earnings and revenue, but disappointed investors with weaker comparable sales growth at its U.S. stores. Adjusted earnings came in at $0.81 per share, beating the analyst consensus of $0.74 by $0.07. Revenue increased 5.9% year on…
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Deere shares rise as fiscal Q3 earnings and revenue beat forecasts
Deere & Co. (NYSE:DE) shares gained more than 3% in premarket trading on Thursday after the agricultural equipment manufacturer delivered fiscal third-quarter results that exceeded Wall Street expectations on both revenue and earnings. The company reported earnings of $5.10 per share, comfortably ahead of the analyst consensus of $4.69. Revenue increased 5% year on year…
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Alibaba shares slip as Q2 profit miss overshadows accelerating AI cloud growth
Alibaba (NYSE:BABA) shares fell around 4% in U.S. premarket trading on Thursday after the Chinese e-commerce and cloud computing group reported second-quarter earnings below market expectations, despite stronger revenue and rapid growth across its artificial intelligence cloud operations. The company posted earnings per share of RMB8.52, falling short of the analyst consensus of RMB10.72. Quarterly…
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Dingdong shares rise as profit growth offsets Q2 revenue miss
Dingdong (Cayman) Limited (NYSE:DDL) shares gained 2.18% in premarket trading on Thursday after the fresh grocery e-commerce company delivered strong profit growth in the second quarter, helping offset revenue that fell short of analyst expectations. The company reported adjusted earnings per share of RMB0.90 ($0.13), while revenue reached RMB6.49 billion ($956.1 million), below the analyst…
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NetEase shares fall as Q2 earnings miss overshadows stronger revenue
NetEase (NASDAQ:NTES) shares dropped more than 5% in U.S. premarket trading on Thursday after the Chinese gaming and internet group reported second-quarter earnings that fell substantially short of analyst forecasts, outweighing better-than-expected revenue growth. The company posted earnings per share of RMB12.02, well below the consensus estimate of RMB15.54. Revenue provided a more positive signal,…
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Autohome shares rise 3.6% after Q2 earnings beat forecasts
Autohome Inc. (NYSE:ATHM) shares gained 3.6% after the Chinese automotive services platform reported second-quarter results that exceeded analyst expectations, with adjusted earnings and revenue both coming in ahead of consensus forecasts despite a sharp year-on-year decline in sales. Adjusted earnings reached RMB2.46 ($0.36) per ADS, beating the analyst estimate of RMB2.04 by RMB0.42. Revenue came…
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DouYu beats Q2 forecasts despite lower revenue and return to loss
DouYu International Holdings Limited (NASDAQ:DOYU) delivered better-than-expected second-quarter results on Thursday, although the game-focused livestreaming platform returned to a loss as weaker consumer spending and higher marketing costs weighed on performance. The shares were broadly unchanged in after-hours trading following the announcement. DouYu reported an adjusted loss of $0.45 per ADS, considerably narrower than the…
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Youdao shares rise as Q2 earnings beat offsets revenue shortfall
Youdao, Inc. (NYSE:DAO) shares moved higher in premarket trading on Thursday after the AI solutions and education technology company delivered second-quarter earnings well above expectations, despite revenue falling short of analyst forecasts. The stock gained 1.86% before the opening bell. Youdao reported adjusted earnings of RMB0.76 ($0.11) per ADS, substantially ahead of the analyst consensus…