Oracle Sinks on Report Its Cloud Margins Are Lower Than Expected
Shares of Oracle tumbled after a report revealed that the software maker’s profit margin in its cloud computing business is lower than many on Wall Street had estimated.
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Lucid Hits Speed Bumps: Why Deliveries Missed the Mark and Analysts Are Concerned
Lucid missed Q3 deliveries by ~18%. Stock dropped >9%. Analysts downgraded to "strong sell" citing weak demand, cash burn, and high costs.
AppLovin Climbs as Citi Says Tumble is a Buying Opportunity
SEC is probing AppLovin’s data. Stock fell, but Citi analysts call the drop "extreme" and urge investors to buy the shares now.
Dell Doubles Down on AI: Massive Growth Forecasts Ahead
Dell doubled its growth forecast through 2030 due to massive AI server demand. They plan to improve their struggling PC business.
Sanmina's Potential Boost from the AMD-OpenAI AI Deal
AMD and OpenAI's AI partnership is beneficial for Sanmina. The company builds AMD's GPU racks, but the exact financial impact is "difficult to determine," according to BofA.
IBM and Anthropic Join Forces to Boost AI for Business
IBM is partnering with Anthropic to add the powerful Claude AI model into IBM software used by large companies. The first tool getting Claude helps software engineers automate coding tasks, making development faster. IBM provides expertise selling tech to major businesses.