Oracle, whose expenses are rising as it begins to fulfill massive cloud infrastructure deals, turned cash flow negative this year for the first time since 1992
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CoreWeave raised $1.5B in its IPO, selling ~37.5M shares at $40 each, down from a planned 49M shares at $47-$55; source: Nvidia anchored with a ~$250M order
but many buzzy tech IPOs remain in the pipeline Thomas Maxwell / Gizmodo : CoreWeave Is at the Center of the AI Revolution, and Its IPO looks Like a House of Cards Helene Braun / CoinDesk : CoreWeave ...
Broadcom reports Q4 revenue up 51% YoY to $14.05B vs. $14.09B est., FY 2024 AI revenue up 220%, expects Q1 revenue just above est.; AVGO jumps 10%+ after hours
Broadcom CEO: ALL THREE of his major hyperscaler customers are going to building 1 million AI accelerator clusters across a single fabric by fiscal 2027 — lol X: @economyapp : $AVGO Broadcom Q4 FY24...
Dell reports Q4 revenue down 11% YoY to $22.3B, vs. $22.2B est., Client revenue down 12% to $11.7B, and Infrastructure revenue down 6% to $9.3B; DELL jumps 15%+
and lifting Nvidia, AMD shares O'Ryan Johnson / CRN : Dell COO Jeff Clarke Says 2024 'Didn't Go As Planned' But Expects AI-Fueled Rebound Thurrott : Dell Records Double-Digit Revenue Declines in Lates...
Zoom reports Q1 revenue of $328.2M, up 169% YoY, and 265K customers with 10+ employees, up 354% YoY; projected Q2 revenue is nearly double expectations
and revenue — thanks to the pandemic The Irish Times : Zoom nearly doubles revenue forecast on remote-work boost Mike Wheatley / SiliconANGLE : Zoom crushes earning estimates and its guidance doubles ...
Nvidia reports Q1 revenue of $3.08B, up 39% YoY, and data center revenue of $1.14B, up 80% YoY; gaming segment up 25% despite retail outlet closures
Update Wallace Witkowski / MarketWatch : Nvidia data-center sales top $1 billion for first time, earnings beat expectations Alex Calvin / PC Games Insider : Nvidia: Society is going to spend more on g...
Cisco meets Q2 expectations with revenue of $12B, non-GAAP net income of $3.3B, flat YoY, stock down 4%+ after hours
Cisco Reports Second Quarter FY20 Earnings Stephanie Condon / ZDNet : Cisco beats Q2 expectations with growth in services Eric Jhonsa / TheStreet : Cisco Slides After Mixed Numbers: 6 Key Takeaways Mi...