Rubrik Crushes Q3 Expectations, Raises Full-Year Outlook
Rubrik (RBRK) reports strong Q3 results with $0.10 EPS beating estimates by $0.27. Revenue hits $350.2M as cybersecurity firm raises FY2026 guidance above consensus.
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US Senators Introduce Bill to Block Nvidia Chips Sales to China
A new bipartisan bill would block Nvidia from selling its most advanced AI chips to China for 30 months, aiming to maintain the US lead in artificial intelligence.
Intel Scraps Plans to Sell Networking Division Stake
Intel reverses course on spinning off NEX networking unit, choosing to keep it in-house for better integration with AI and data center offerings.
Meta Slashes Metaverse Budget as Zuckerberg Shifts Focus to AI
Meta plans up to 30% budget cuts for metaverse projects including Horizon Worlds and Quest VR, with potential January layoffs as focus shifts to AI development.
JPMorgan Turns Bullish on Toast: Analyst Sees Big Upside Ahead
JPMorgan upgrades Toast to Overweight, keeping a $43 price target. The firm highlights strong growth, rising estimates, and potential upside if interchange fees face regulation.
UiPath Swings to Profit as AI Automation Demand Surges
UiPath reports Q3 profit with 16% revenue growth to $411M, driven by healthcare and financial services adopting AI automation. ARR grows 11% to $1.78B.