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5 Must-Read Analyst Questions From C3.ai’s Q1 Earnings Call
StockStory77d agoneutral
5 Must-Read Analyst Questions From C3.ai’s Q1 Earnings Call

C3.ai’s first quarter results were shaped by a steep year-over-year revenue decline, which management attributed primarily to underperformance in sales execution rather than product or market demand issues. CEO Thomas Siebel described recent sales as “unspeakably horrible” and “completely unacceptable,” citing a lack of discipline and focus in the go-to-market strategy. The company responded by overhauling its sales, product, and services organizations and initiating a significant cost-reduction

NYC Pensions Boss Says SpaceX’s Disregard for Shareholders Has ‘No Precedent’
Bloomberg77d agoneutral
NYC Pensions Boss Says SpaceX’s Disregard for Shareholders Has ‘No Precedent’

(Bloomberg) -- New York City Comptroller Mark Levine says the unprecedented control that Elon Musk will have over SpaceX represents a new level of disregard for regular shareholders’ rights.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’US Strikes Iran After Helicopter Downed, Testing Peace TalksUS Launches Strikes Against Iran After Helicopter Shot DownStocks Pare Tech-Led Drop as Rotation Gains Speed: Markets WrapSurface Naval Drone Rescued Downed US Apach

Xpeng boss to head robot unit with humanoid mass production imminent
Reuters77d agoneutral
Xpeng boss to head robot unit with humanoid mass production imminent

The chief executive of Xpeng said on Wednesday he would personally lead the company’s robotics business, ‌as the Chinese electric vehicle maker — emerging as a ‌frontrunner in humanoid robotics among automakers — pushes toward mass production by year-end. "The (robot) industry is ​becoming increasingly hot and competitive, and we have clearly seen the direction and timing of victory, but it still requires more arduous implementation and extremely high decision-making ability," Xpeng CEO He Xiaopeng said in an internal ‌letter reviewed by Reuters. He ⁠said the decision to take on the role of "CEO" of the robotics unit, effective immediately, comes "on the eve ⁠of mass production and commercialisation" of Xpeng's humanlike IRON robots, which debuted last year.

Bloomberg77d agoneutral
TSMC’s Monthly Sales Rise 30% Thanks to Sustained AI Chip Demand

(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. reported a 30% rise in its monthly sales, reflecting continued strength in demand spurred by a global rush to build AI infrastructure. Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’US Strikes Iran After Helicopter Downed, Testing Peace TalksUS Launches Strikes Against Iran After Helicopter Shot DownStocks Pare Tech-Led Drop as Rotation Gains Speed: Markets WrapSurface Naval Drone Rescued Downed US Apache

Oracle Is Reshaping Its Earnings. The Cloud Is How.
Barrons.com77d agoneutral
Oracle Is Reshaping Its Earnings. The Cloud Is How.

Oracle reports fourth-quarter earnings on Wednesday afternoon as it continues to disrupt its own legacy software business with cloud software and services. Wall Street analysts are expecting the company to report $1.96 in adjusted earnings per share, up from $1.70 the year before. With sales of its mature business software stalled, in 2019 Oracle began running the Microsoft cloud-pivot playbook.

SoftBank Attempt to Get $6 Billion OpenAI Margin Loan Stalls
Bloomberg77d agoneutral
SoftBank Attempt to Get $6 Billion OpenAI Margin Loan Stalls

(Bloomberg) -- SoftBank Group Corp.’s talks with potential creditors to raise at least $6 billion from a margin loan backed by its OpenAI stake have stalled, people familiar with the matter said, just weeks after the Japanese conglomerate cut its initial target from $10 billion.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’US Launches Strikes Against Iran After Helicopter Shot DownUS Strikes Iran After Helicopter Downed, Testing Peace TalksStocks Pare Tech-

Broadcom CEO unnerves biggest AI backers in rattling pivot
TheStreet77d agoneutral
Broadcom CEO unnerves biggest AI backers in rattling pivot

Broadcom (AVGO) just posted the kind of quarter most chipmakers can only dream about. Record revenue, AI sales up triple digits, and a growing roster of marquee customers. Then the stock fell. Shares of Broadcom dropped 12.59% on June 4 to close at $418.91, the steepest one-day fall in over a year. ...

SpaceX IPO nearly four times oversubscribed: sources
Reuters Videos77d agoneutralVIDEO
SpaceX IPO nearly four times oversubscribed: sources

<body><p>STORY: SpaceX is drawing strong investor demand ahead of what could be the largest IPO on record.</p><p>Sources have told Reuters the company has already attracted more than $250 billion in interest—over three times the roughly $75 billion it plans to raise.</p><p>Trading in the stock is set to begin Friday (June 12) on the Nasdaq, with a target price of $135 per share.&nbsp;</p><p>The high demand underscores strong appetite for the offering, even as global markets remain volatile.</p><p>Investor interest is being driven in part by SpaceX’s growth outlook, including its Starlink satellite internet business and its artificial intelligence offerings.&nbsp;</p><p>It also has plans for data centers in space.&nbsp;</p><p>Elon Musk's firm claims in its IPO documents that it is "the only company with a commercially viable path to building orbital AI compute at scale."</p><p>Sources say the company has outlined plans to begin testing space-based AI computing systems by late 2027.</p><p>SpaceX says the approach could help address constraints on Earth, such as power and infrastructure, by moving data-center capacity into orbit.</p><p>The initiative depends on its giant Starship rocket being able to reduce launch costs, though it has faced repeated development delays.&nbsp;</p><p>:: Archive</p><p>SpaceX is targeting a valuation of around $1.75 trillion in this week's offering.</p></body>

Elon Musk's SpaceX is coming for your 401(k)
TheStreet77d agoneutral
Elon Musk's SpaceX is coming for your 401(k)

SpaceX is preparing for one of the most anticipated public market debuts in history. Elon Musk's aerospace and satellite company is expected to begin trading on the Nasdaq on June 12 with a valuation near $1.75 trillion. The offering could raise as much as $86 billion, potentially making it the ...

OpenAI weighs leasing Ohio data center with Nvidia backing, The Information reports
Reuters77d agoneutral
OpenAI weighs leasing Ohio data center with Nvidia backing, The Information reports

OpenAI is ‌in negotiations ‌to lease a ​proposed 10-gigawatt data center campus on federal ‌land ⁠in Ohio, in a ⁠deal that could include ​financial ​backing ​from Nvidia, ‌The Information reported on Tuesday, citing two people with ‌direct ​knowledge ​of ​the discussions. Reuters ‌could not immediately ​verify ​the report.

SMH ETF Investors: Watch Hyperscaler Capex Guidance at July Earnings Calls
24/7 Wall St.77d agoneutral
SMH ETF Investors: Watch Hyperscaler Capex Guidance at July Earnings Calls

The VanEck Semiconductor ETF (NYSEARCA:SMH) closed Friday at $599, capping a stretch in which SMH has returned roughly 146% over the past year and tacked on nearly 20% in May alone. SMH is up about 66% year to date, and the rally has been driven less by NVIDIA than most holders assume. Because the fund ... SMH ETF Investors: Watch Hyperscaler Capex Guidance at July Earnings Calls

Dollar Tree has an advantage Costco can't match
TheStreet77d agoneutral
Dollar Tree has an advantage Costco can't match

When money is tight for consumers across the board, retailers like Dollar Tree and Costco tend to win out. A good 66% of Americans have reduced their overall spending due to rising prices, according to the Conference Board's May Consumer Confidence Index. April's Consumer Price Index, ...