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Snowflake Shares Surge 22% Following Strong Q2 Earnings and AI Coding Agent Growth

Snowflake Shares Surge 22% Following Strong Q2 Earnings and AI Coding Agent Growth

Snowflake Shares Surge 22% Following Strong Q2 Earnings and AI Coding Agent Growth

Dell again lifts annual forecasts as AI demand powers record results

Dell again lifts annual forecasts as AI demand powers record results

By Jaspreet Singh Sept 1 (Reuters) - Dell Technologies on Tuesday boosted its annual revenue forecast by $25 billion while also raising its profit outlook for the second time this year, driven by soaring demand for its AI servers. Dell's shares rose 7% in extended trading.

Marvell’s $120B AI deal came with an unexpected catch

Marvell’s $120B AI deal came with an unexpected catch

Marvell just learned why a huge AI deal may not be enough.

Broadcom forecasts quarterly sales below estimates amid rising custom AI chip competition

Broadcom forecasts quarterly sales below estimates amid rising custom AI chip competition

Sept 2 (Reuters) - Broadcom forecast quarterly revenue below Wall Street estimates on Wednesday, signaling intense competition could hamper gains from its custom processors. Shares of the Palo Alto, California-based company fell over 3% in extended trading.

Morgan Stanley delivers bold pre-earnings verdict on Broadcom

Morgan Stanley delivers bold pre-earnings verdict on Broadcom

Morgan Stanley sees massive AI growth ahead for the chip giant

Bull or bear market? AI spurs rethink of traditional market measures

Bull or bear market? AI spurs rethink of traditional market measures

By Johann M Cherian and Niket Nishant Sept 2 (Reuters) - Everyone knows Wall Street calls a 20% drop in a major index a bear market. But what do you call it when the index posts big gains and losses practically every day and is still way up for the year?

Broadcom forecasts quarterly revenue below estimates

Broadcom forecasts quarterly revenue below estimates

Sept 2 (Reuters) - Broadcom forecast quarterly revenue below Wall Street estimates on Wednesday, signaling intense competition could hamper gains from its custom processors. Shares of the Palo Alto, California-based company were down over 3% in extended trading.

HPE raises forecasts on AI demand, shares fall on supply concerns

HPE raises forecasts on AI demand, shares fall on supply concerns

By Juby Babu Sept 2 (Reuters) - Hewlett Packard Enterprise raised its annual forecasts on Wednesday after reporting quarterly results that beat Wall Street expectations, as surging AI-related demand across networking and servers drove growth across its business.

Wall St set to snap three-day losing streak as stocks reclaim some shine

Wall St set to snap three-day losing streak as stocks reclaim some shine

By Stephen Culp and Niket Nishant NEW YORK, Sept 2 (Reuters) - Wall Street gained ground on Wednesday in a partial rebound from a three-day losing streak as investors searched for deals among stocks and sectors that might have been oversold amid recent risk-off moves.

S&P 500, Dow on course for slim gains at open as Iran tensions clash with AI optimism

S&P 500, Dow on course for slim gains at open as Iran tensions clash with AI optimism

By Niket Nishant and Tharuniyaa Lakshmi Sept 2 (Reuters) - The benchmark S&P 500 and the blue-chip Dow indexes looked set for modest gains at the open on Wednesday, as investors weighed renewed U.S.-Iran clashes against signs of strength in the AI trade.

Broadcom raises AI chip forecast as Big Tech keeps writing bigger checks

Broadcom raises AI chip forecast as Big Tech keeps writing bigger checks

Sept 2 (Reuters) - Broadcom on Wednesday forecast strong AI chip sales for the next two years, offering fresh evidence that Big Tech's appetite for AI infrastructure remains undiminished as investors scrutinize returns on massive spending.

Billionaire David Tepper just dumped a red-hot AI stock

Billionaire David Tepper just dumped a red-hot AI stock

Tepper just abandoned one AI winner for another