(Reuters) -Data analytics firm Palantir forecast first-quarter and annual revenue above Wall Street estimates on Monday, betting on robust demand for its software from companies adopting generative AI, sending its shares up about 12% after the bell. Businesses pushing to deploy the most sophisticated generative artificial intelligence tech have helped drive sales for Palantir’s AI…
By Rishi Kant (Reuters) – Micron Technology forecast quarterly revenue and profit below Wall Street estimates on Wednesday, sending shares lower as weak demand for consumer-centric products such as personal computers and smartphones impacts the chipmaker’s business. The market for dynamic random-access memory (DRAM) chips, which account for most of Micron’s revenue, remains sluggish because…
By Arsheeya Bajwa and Zaheer Kachwala (Reuters) -Broadcom forecast quarterly revenue above Wall Street estimates on Thursday and predicted booming demand for its custom artificial intelligence chips in the next few years. Shares of the Palo Alto, California-based company were up 14% in aftermaket trade after CEO Hock Tan told investors on a conference call…
By Zaheer Kachwala and Kritika Lamba (Reuters) -Photoshop maker Adobe forecast fiscal 2025 revenue below Wall Street estimates on Wednesday, suggesting the company’s investments to weave AI into its software applications were taking longer than expected to bear fruit. Shares of the San Jose, California-based company fell nearly 9% in extended trading. The company forecast…
Disney (DIS) on Thursday reported fiscal fourth quarter earnings per share and revenue that topped Wall Street estimates, as its direct-to-consumer business built on recent momentum and swung to a profit. Strong guidance for the next two years also fueled investor optimism, sending shares up over 10% in early trading following the results. The media…