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17 stories found

Snowflake Stock Surges Past 20 Percent on Strong Results and AI Growth Outlook
BusinesscnbcmorningstarYahoo+2seeking-alphainvesting-com5h ago5 sources

Snowflake Stock Surges Past 20 Percent on Strong Results and AI Growth Outlook

Shares of data cloud provider Snowflake jumped more than 20 percent after the company reported quarterly earnings that significantly surpassed analyst expectations. Management attributed the outperformance to accelerating enterprise adoption and expanding revenue from artificial intelligence applications.

Nvidia Earnings and Hugging Face Acquisition Talks Drive Global Market Rally
TechnologyAPReutersBBC+48bloombergNYTwsjFTThe GuardianCNNnzztimes-uk+40 more7d ago51 sources

Nvidia Earnings and Hugging Face Acquisition Talks Drive Global Market Rally

Nvidia reported double-digit revenue growth and issued optimistic long-term AI spending forecasts, while also entering talks to acquire AI startup Hugging Face for approximately $13 billion. The news triggered a broad rally across Asian and US equity markets.