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Cerebras raises annual sales forecast on strong AI-linked demand

Cerebras raises annual sales forecast on strong AI-linked demand

Nov 12 (Reuters) - Cerebras Systems raised its annual revenue forecast on Thursday, buoyed by surging demand for AI computing capacity as it battles Nvidia and cloud giants. Shares of the company were up 11% in extended trading.
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Nebius beats quarterly revenue estimates on strong AI demand

Nebius beats quarterly revenue estimates on strong AI demand

Nov 12 (Reuters) - AI cloud company Nebius on Thursday topped Wall Street estimates for third-quarter revenue and projected $12 billion to $13 billion in sales for 2027, powered by booming demand for its cloud computing infrastructure.
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Global AI stocks sink as Nvidia CEO's exit deepens sector selloff

Global AI stocks sink as Nvidia CEO's exit deepens sector selloff

By Shashwat Chauhan Nov 12 (Reuters) - Global AI-linked stocks fell on Thursday after Nvidia CEO Jensen Huang resigned following a deepening scandal around his affairs, upending the chipmaker's leadership and posing fresh risks to a sector already reeling with funding and regulatory concerns.
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CoreWeave beats quarterly revenue estimates as AI demand defies growing doubts

CoreWeave beats quarterly revenue estimates as AI demand defies growing doubts

Nov 10 (Reuters) - CoreWeave beat Wall Street estimates for quarterly revenue on Tuesday, driven by strong demand for its cloud services, easing recent concerns around the durability of AI infrastructure demand amid its mounting debt load.
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Cerebras lifts annual sales forecast on strong AI-linked demand, shares surge

Cerebras lifts annual sales forecast on strong AI-linked demand, shares surge

Nov 12 (Reuters) - Cerebras Systems raised its annual revenue forecast on Thursday, buoyed by surging demand for AI computing capacity as it battles Nvidia and cloud giants, sending its shares nearly 18% higher in extended trading.
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CoreWeave targets 2028 profitability as AI demand surges

CoreWeave targets 2028 profitability as AI demand surges

By Deborah Mary Sophia Nov 10 (Reuters) - CoreWeave said on Tuesday it would become profitable on an adjusted basis in the first half of 2028, as the AI cloud company sought to reassure investors that strong demand and customer commitments will support its debt-fueled expansion.
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Nebius pares back 2026 revenue forecast on capacity delays, shares slump

Nebius pares back 2026 revenue forecast on capacity delays, shares slump

Nov 12 (Reuters) - AI cloud company Nebius said on Thursday its 2026 revenue would come in at the low end of its previous forecast after delays in third-party capacity additions, while a higher spending outlook sent its shares down nearly 12% premarket.
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Take-Two projects third-quarter bookings below estimates

Take-Two projects third-quarter bookings below estimates

Nov 9 (Reuters) - Take-Two Interactive projected third-quarter bookings below Wall Street estimates on Monday, stoking concerns around the strength of demand for the videogame publisher's highly-anticipated title "Grand Theft Auto VI".
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Anthropic's $1.4 trillion IPO bid sets up high-stakes test for AI market

Anthropic's $1.4 trillion IPO bid sets up high-stakes test for AI market

Nov 10 (Reuters) - Anthropic's blockbuster IPO is set to give the company a valuation of up to $1.4 trillion, marking a defining test of investor confidence in the AI boom it helped ignite.
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Take-Two lifts annual revenue, profit forecasts ahead of "GTA VI" launch

Take-Two lifts annual revenue, profit forecasts ahead of "GTA VI" launch

Nov 9 (Reuters) - Take-Two Interactive lifted its annual revenue and profit forecasts on Monday, as the videogame publisher banks on the launch next week of the much-anticipated "Grand Theft Auto VI" to drive strong demand this year.
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Take-Two lifts annual revenue, profit forecasts as 'GTA VI' launch nears

Take-Two lifts annual revenue, profit forecasts as 'GTA VI' launch nears

By Deborah Mary Sophia Nov 9 (Reuters) - Take-Two Interactive raised its annual revenue and profit forecasts on Monday, as the videogame publisher banks on the launch next week of the much-anticipated "Grand Theft Auto VI" to drive strong demand.
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Nvidia, CEO Huang sued over disclosures related to suspected Chinese spy

Nvidia, CEO Huang sued over disclosures related to suspected Chinese spy

Nov 9 (Reuters) - Nvidia and Chief Executive Jensen Huang were sued on Monday in a proposed class action accusing them of defrauding shareholders by concealing Huang's ties with a suspected Chinese spy.