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What SaaSpocalypse? Snowflake stock skyrockets on AI-driven earnings
Yahoo Finance Video94d agoneutralVIDEO
What SaaSpocalypse? Snowflake stock skyrockets on AI-driven earnings

Snowflake (SNOW) stock is skyrocketing after the company reported quarterly earnings that beat analysts' estimates. Salesforce's (CRM) earnings also beat Wall Street's estimates, though its second quarter revenue outlook fell short. Guggenheim Securities senior research analyst and senior managing director of software, John DiFucci, joins Yahoo Finance to explain why Snowflake is surging and why Salesforce is falling flat.

What SaaSpocalypse? Snowflake stock skyrockets on AI-driven earnings
Yahoo Finance Video94d agoneutralVIDEO
What SaaSpocalypse? Snowflake stock skyrockets on AI-driven earnings

Snowflake (SNOW) stock is skyrocketing after the company reported quarterly earnings that beat analysts' estimates. Salesforce's (CRM) earnings also beat Wall Street's estimates, though its second quarter revenue outlook fell short. Guggenheim Securities senior research analyst and senior managing director of software, John DiFucci, joins Yahoo Finance to explain why Snowflake is surging and why Salesforce is falling flat.

Xpeng projects quarterly revenue below estimates on weak EV demand
Reuters94d agoneutral
Xpeng projects quarterly revenue below estimates on weak EV demand

Electric vehicle maker Xpeng on Thursday forecast second-quarter revenue below market expectations, underscoring a prolonged slowdown in demand ‌and stiff competition in the Chinese EV market. Domestic car sales in ‌China fell for a seventh straight month in April, with industry estimates showing that EV ​and plug-in hybrid sales growth were likely to slow in 2026 after years of rapid expansion. Still, Chinese EV makers are betting on advanced driver-assistance systems, feature-rich vehicles and broader model lineups to help navigate the downturn.

Groq targets $650 million fundraise after Nvidia licensing deal, Axios reports
Reuters94d agoneutral
Groq targets $650 million fundraise after Nvidia licensing deal, Axios reports

Groq is raising up to $650 million from existing investors, Axios ‌reported on Thursday, after the AI ‌chip startup signed a $17 billion licensing deal with Nvidia ​in December. Groq has been shifting focus away from hardware toward AI inferencing, where it specializes in enabling trained AI models to ‌respond to user ⁠requests. • The startup's investors have already received payouts, with a final cash ⁠distribution expected soon through the Nvidia deal, Axios reported.

Investing.com94d agoneutral
Can ethereum reclaim 2021 highs versus bitcoin?

Investing.com -- Standard Chartered analyst Geoff Kendrick is standing by a bullish long-term outlook for ethereum, arguing that a disconnect between the token's improving internal metrics and its lagging price is temporary and that a catch-up is only a matter of time.

Investing.com94d agoneutral
Microsoft stock rises 3% on push for in-house AI models

Investing.com -- Microsoft (NASDAQ:MSFT) shares rose 3% Thursday after The Information reported the company plans to release a new coding model next week as part of a broader push to reduce dependence on external AI partners.

Snowflake vs. Salesforce earnings: Is AI still disrupting software?
Yahoo Finance Video94d agoneutralVIDEO
Snowflake vs. Salesforce earnings: Is AI still disrupting software?

Snowflake (SNOW) stock is soaring by over 30% on Thursday after the company reported AI demand to have driven better-than-expected first quarter results alongside revenue growth of 33%. PNC Asset Management Group CIO Amanda Agati and Yahoo Finance Senior Business Reporters Brooke DiPalma and Ines Ferré take a closer look at the post-earnings stock reactions from Snowflake and fellow software company Salesforce (CRM).

US Consumer Spending Comes Under Pressure as Inflation Picks Up
Bloomberg94d agoneutral
US Consumer Spending Comes Under Pressure as Inflation Picks Up

(Bloomberg) -- US consumer spending crept up in April as war-driven inflation pressures sapped incomes and pushed the saving rate to an almost four-year low.Most Read from BloombergSingapore Hands Byju's Founder His First Ever Jail TermIran’s Khamenei Says No Going Back for Middle East Rocked by WarTwo More Oil Supertankers Exit Hormuz to Help Push Up FlowsEx-President Biden Sues to Stop DOJ Sharing Interview TapesSony Takes Final Bow as Standalone TV Maker With New Bravia SetsInflation-adjusted