Inventory Build and Tighter FY27 Margins Overshadow HPE’s Strong Quarter
HPE beat Q3 estimates and raised FY26/FY27 outlook, but the stock slipped after hours on inventory build, mixed margins, and sell-the-news trading.
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Broadcom Beats Q3 Estimates but Guides Q4 Revenue Below Consensus
Broadcom crushed Q3 numbers but guided Q4 revenue a bit light versus consensus. The modest miss sent shares down after hours. Anthropic is slated for 1 GW in 2026, 5 GW in 2027, and 10 GW more in 2028—on track to become Broadcom’s top custom-chip buyer.
Snowflake Lifts Annual Product Revenue Forecast After Strong Q2 Beat; Stock Soars
Snowflake beat Q2 estimates with $1.49B product revenue, up 37%. It raised FY product sales to $6.07B as AI products gained traction.
Thoma Bravo-Backed Proofpoint Said to Be in Talks for Varonis
Bloomberg says Thoma Bravo-backed Proofpoint is in talks to acquire Varonis. No deal is signed.
Google Avoids AdTech Breakup — Why Analysts Still See a Win for Magnite
Google will not sell AdX. A Virginia judge chose milder fixes, marking the third time U.S. courts have rejected a Big Tech breakup. Craig-Hallum says Magnite, the No. 2 SSP, still has the most to gain.
Uber Cuts 3,300 Jobs to Flatten Layers; Wells Fargo Sees $580M Savings
Savings are meant for rides, delivery, and a $10B robotaxi push.