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2023-08-08 12:12:53 ET Summary Non-GAAP accounting is on the rise, with roughly 75% of companies reporting non-GAAP earnings and about 20% of companies reporting a non-GAAP profit despite a GAAP loss. Aggregate earnings appear to be overstated by at least 10%-15% by companies usin...
2023-08-08 09:57:34 ET The tech industry is like the heartbeat of our modern world, powering everything from our phones to our cars. Think of big names like Apple ( NASDAQ: AAPL ), Google ( NASDAQ: GOOGL ), and Microsoft ( NASDAQ: MSFT ); they’re all giants in...
2023-08-08 09:41:49 ET Summary Datadog, Inc.'s Q2 results surprised me with a slowdown in revenue growth rates. Despite the growth slowdown, Datadog's underlying profitability is set to improve. I am cautious about Datadog's valuation and its ability to regain growth momentum ...
2023-08-08 08:40:39 ET Datadog ( NASDAQ: DDOG ) stock slumped ~20% premarket on Tuesday after the company reduced its full year revenue outlook and provided a Q3 revenue guidance which was seen below estimates. Q2 non-GAAP EPS rose +50% Y/Y to $0.36, while revenue grew +...
2023-08-08 05:10:00 ET The Nasdaq composite is up by approximately 35% this year, which is primarily thanks to cloud stocks. The cloud market, which reached more than $480 billion last year, is expected to grow to about $1.55 trillion by 2030, according to Grand View Research, a compound an...
2023-08-07 09:00:00 ET A lot of software companies have been on a wild ride these past few years, swinging between surges and plunges in true growth stock nature. As the world becomes more digital-dominant and cloud-based, software companies will likely become more common -- some with long-...
2023-08-04 09:21:14 ET Summary On August 2, Shopify, one of the leading companies in the global e-commerce software market, published its financial results for the second quarter of 2023. Shopify's revenue for the second quarter of 2023 was $1.69 billion, up 11.9% from the previou...
2023-08-04 08:32:02 ET Tupperware Brands ( TUP ) +61% stock surges 51% before the bell on debt restructuring deal. United States Cellular ( USM ) +38% reports second quarter 2023 results. Telephone and Data Systems ( TDS ) +24% Q2 earnings call release ...
2023-08-03 09:00:00 ET Warren Buffett is the head of Berkshire Hathaway , which owns shares of around 49 different companies. He has steered the conglomerate to market-beating returns for more than 50 years thanks to his long-term investing strategy. Buffett likes buying into busine...
2023-08-01 08:17:54 ET InvestorPlace - Stock Market News, Stock Advice & Trading Tips In the world of technology, machine learning has become a core discipline. Companies around the world are leveraging this technology to make smarter decisions, improve efficiency and gain compe...
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Intrawest Resorts Holdings Inc. Company Name:
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Snowflake’s AI Research Team, in collaboration with the open source community, launches a Massive LLM Inference and Fine-Tuning System Stack — establishing a new state-of-the-art solution for open source inference and fine-tuning systems for multi-hundred billion parameter models li...
2024-07-21 09:02:26 ET Shares of cloud-native data warehouse specialist Snowflake (NYSE: SNOW) have tanked nearly 32% in 2024 and almost 43% from their 52-week high in February 2024. Snowflake surpassed consensus revenue estimates but missed earnings estimates in the first quart...
2024-07-20 05:35:00 ET Many artificial intelligence (AI) stocks surged in recent years as new generative AI tools sparked a buying frenzy in AI chips, AI servers, and AI-driven cloud services. The obvious winners include Nvidia , Super Micro Computer , and Microsoft , but plenty...