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Cloudflare raises annual outlook above market estimates on AI-driven demand

Cloudflare raises annual outlook above market estimates on AI-driven demand

Aug 6 (Reuters) - Cloudflare raised its full-year revenue forecast above Wall Street expectations after strong quarterly results, betting that the rapid rise of AI agents will keep driving traffic across its network, sending its shares up 18% after the bell.

Sandisk, Western Digital weigh on chip sector as high expectations eclipse strong earnings

Sandisk, Western Digital weigh on chip sector as high expectations eclipse strong earnings

By Purvi Agarwal and Niket Nishant Aug 6 (Reuters) - Data storage companies tumbled on Thursday after quarterly results from Sandisk and Western Digital failed to sustain momentum in an industry that has become one of Wall Street's hottest bets this year.

S&P 500 struggles for direction as investors await Mideast deal; software stocks slide

S&P 500 struggles for direction as investors await Mideast deal; software stocks slide

By Johann M Cherian and Shashwat Chauhan Aug 6 (Reuters) - Wall Street's benchmark S&P 500 struggled for direction in choppy trading on Thursday as investors took a breather from a record-breaking rally earlier this week and awaited any signs of a peace deal in the Middle East.

Onsemi forecasts upbeat revenue on surging AI data center chip demand

Onsemi forecasts upbeat revenue on surging AI data center chip demand

Aug 3 (Reuters) - Chipmaker Onsemi on Monday forecast third-quarter revenue above Wall Street expectations, betting on surging demand for power management chips used in AI data centers.

Spotify forecasts profit and monthly active users below estimates, shares fall

Spotify forecasts profit and monthly active users below estimates, shares fall

Aug 4 (Reuters) - Spotify forecast third-quarter profit and monthly active users below Wall Street estimates on Tuesday, underscoring the streaming service's challenges in maintaining growth despite expanding its offerings of AI-based features to fend off competition.

Duolingo's soft quarterly revenue outlook overshadows stronger user growth forecast

Duolingo's soft quarterly revenue outlook overshadows stronger user growth forecast

By Akash Sriram Aug 5 (Reuters) - Duolingo forecast third-quarter revenue below Wall Street expectations on Wednesday, tempering optimism from its stronger user growth forecast as the language-learning company prioritizes boosting engagement over near-term monetization.

Sandisk, Western Digital drag on chip stocks as lofty expectations eclipse strong earnings

Sandisk, Western Digital drag on chip stocks as lofty expectations eclipse strong earnings

Aug 6 (Reuters) - Data storage companies tumbled in premarket trading on Thursday after quarterly results from Sandisk and Western Digital failed to sustain momentum in an industry that has become one of Wall Street's hottest bets this year.

Axon posts lower quarterly gross margin on higher mix of services, new product scaling

Axon posts lower quarterly gross margin on higher mix of services, new product scaling

Aug 5 (Reuters) - TASER-maker Axon Enterprise posted lower second-quarter gross margin on Wednesday, weighed by a higher mix of less lucrative professional services and investments in scaling new product offerings.

Caterpillar lifts 2026 sales growth forecast as AI buildout powers on

Caterpillar lifts 2026 sales growth forecast as AI buildout powers on

By Nandan Mandayam Aug 4 (Reuters) - Caterpillar raised its annual revenue growth forecast after beating second-quarter profit estimates on Tuesday, benefiting from a buildout of AI data centers that has spurred demand for its power-generation and construction equipment.

Caterpillar lifts 2026 sales growth forecast as AI buildout powers on; shares surge 12%

Caterpillar lifts 2026 sales growth forecast as AI buildout powers on; shares surge 12%

By Nandan Mandayam Aug 4 (Reuters) - Caterpillar raised its annual revenue growth forecast after beating second-quarter profit estimates on Tuesday, benefiting from a buildout of AI data centers that has spurred demand for its power-generation and construction equipment.

Caterpillar lifts 2026 sales growth target after quarterly profit beat

Caterpillar lifts 2026 sales growth target after quarterly profit beat

Aug 4 (Reuters) - Caterpillar raised its annual revenue growth forecast after beating second-quarter profit estimates on Tuesday, benefiting from a buildout of AI data centers that has spurred demand for its power-generation and construction equipment.

Fox posts upbeat revenue on ad boost from FIFA World Cup

Fox posts upbeat revenue on ad boost from FIFA World Cup

Aug 6 (Reuters) - Fox Corp beat Wall Street estimates for fourth-quarter revenue and profit on Thursday, as the FIFA World Cup boosted advertising sales during a busy news cycle. Shares of the company rose 2.3% in premarket trading.