Zscaler stock tumbles 8% after Q1 earnings beat as investors react negatively to modest guidance raise. According to RBC analysts, the company's annual forecast increase was "less than the Q1 revenue beat."
HP plans to cut 4,000-6,000 jobs by 2028 using AI tools, targeting $1B in savings. Fiscal 2026 profit outlook falls short of expectations due to rising memory chip costs.
Dell boosts AI server shipment guidance to $25B as Q3 orders hit record $12.3B. Company raises full-year revenue outlook to $111.7B on strong data center demand.
Nutanix (NTNX) reports 18% ARR growth and $174.5M free cash flow in Q1 FY2026, but significantly lowers Q2 and full-year revenue guidance below estimates.
Amid concerns about AI data center spending, credit default swap prices for Oracle debt have spiked dramatically. Now, worries are spreading to Microsoft and Amazon as markets reassess hyperscaler risks.
UBS upgrades Applied Materials to Buy with a new $285 target, citing a bullish outlook for wafer fab equipment spending and rising DRAM-driven demand through 2027.
