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Sandisk joins Western Digital, Seagate in signaling strong AI storage demand

Sandisk joins Western Digital, Seagate in signaling strong AI storage demand

By Anhata Rooprai April 30 (Reuters) - Sandisk forecast quarterly revenue above estimates on Thursday, joining peers Western Digital and Seagate in signaling that enterprise spending on data storage products used in artificial intelligence data centers remains strong.
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Apple sales beat expectations powered by Mac, but iPhone hits supply constraints

Apple sales beat expectations powered by Mac, but iPhone hits supply constraints

By Stephen Nellis and Juby Babu SAN FRANCISCO, April 30 (Reuters) - Apple on Thursday reported results that beat Wall Street estimates, with customers showing eagerness to buy a new MacBook model driven by incoming CEO John Ternus, while supply constraints hindered iPhone sales.
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Twilio raises annual revenue growth forecast on AI-driven demand, shares jump

Twilio raises annual revenue growth forecast on AI-driven demand, shares jump

April 30 (Reuters) - Twilio raised its full-year forecast on Thursday and posted stronger-than-expected first-quarter results, signaling sustained demand for its cloud communications tools as companies invest in customer engagement and AI-driven services.
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Caterpillar forecasts higher annual revenue as power equipment benefits from AI buildout

Caterpillar forecasts higher annual revenue as power equipment benefits from AI buildout

April 30 (Reuters) - Caterpillar raised its annual revenue forecast after beating expectations for quarterly profit, as its power equipment business benefited from an AI infrastructure boom, while higher sales to dealers helped its construction unit.
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Qualcomm quarterly forecast underwhelms, but CEO says worst of memory crunch over

Qualcomm quarterly forecast underwhelms, but CEO says worst of memory crunch over

By Zaheer Kachwala and Stephen Nellis SAN FRANCISCO, April 29 (Reuters) - Qualcomm forecast third-quarter revenue and adjusted profit below Wall Street expectations on Wednesday, as the chipmaker braces for a hit to demand stemming from a shortage of memory chips used in consumer electronics.
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Amazon Exceeds Q1 Earnings Expectations with Strong Cloud Growth

Amazon Exceeds Q1 Earnings Expectations with Strong Cloud Growth

Amazon Exceeds Q1 Earnings Expectations with Strong Cloud Growth
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Intercontinental Exchange beats profit estimates on robust trading activity

Intercontinental Exchange beats profit estimates on robust trading activity

April 30 (Reuters) - Intercontinental Exchange reported first-quarter profit on Thursday that exceeded analysts' expectations as heightened market volatility boosted trading volumes for the New York Stock Exchange parent.
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Samsung Electronics sees robust AI demand after Q1 profit surges eightfold to set record

Samsung Electronics sees robust AI demand after Q1 profit surges eightfold to set record

SEOUL, April 30 (Reuters) - Samsung Electronics said on Thursday its operating profit jumped eightfold to a record in the first quarter, underpinned by higher chip prices as an artificial intelligence boom led to a supply crunch.
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Qualcomm shares jump as optimism on smartphones, AI chips outweigh dismal forecast

Qualcomm shares jump as optimism on smartphones, AI chips outweigh dismal forecast

By Joel Jose April 30 (Reuters) - Qualcomm shares jumped 10.3% before the bell on Thursday, as investors latched on to the chief executive's optimism about a recovery in its smartphone business and data center opportunities, eclipsing a weak third-quarter forecast.
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Wesco International Reports Strong First Quarter 2026 Results with Record Sales and Earnings Growth

Wesco International Reports Strong First Quarter 2026 Results with Record Sales and Earnings Growth

Wesco International Reports Strong First Quarter 2026 Results with Record Sales and Earnings Growth
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Storage stocks jump as Seagate's upbeat forecast fuels confidence in AI spending

Storage stocks jump as Seagate's upbeat forecast fuels confidence in AI spending

By Zaheer Kachwala April 28 (Reuters) - Shares of storage companies jumped in extended trading on Tuesday, after strong revenue and profit forecasts from Seagate Technology signaled that spending by enterprises on artificial intelligence equipment will remain strong.
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Spotify forecasts second-quarter profit below estimates, shares fall

Spotify forecasts second-quarter profit below estimates, shares fall

April 28 (Reuters) - Spotify forecast second-quarter earnings and premium subscribers below Wall Street estimates on Tuesday, a sign of slowing growth for the Swedish streaming giant in its major markets of Europe and North America. Shares of the company fell around 6% in premarket trading.