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C3.ai Q4 Earnings Call Highlights
MarketBeat87d agoneutral
C3.ai Q4 Earnings Call Highlights

C3.ai (NYSE:AI) reported fiscal fourth-quarter revenue of $51.6 million and outlined an accelerated restructuring plan that founder, Chairman and Chief Executive Officer Tom Siebel described as a companywide turnaround effort aimed at restoring revenue growth, cash generation and non-GAAP profitabil

Retail giant launches first new home brand in 5 years
TheStreet87d agoneutral
Retail giant launches first new home brand in 5 years

Kids outgrow almost everything. Clothes stop fitting, school supplies run out, favorite colors change, and bedrooms that once worked for toddlers suddenly don't work for older children. And every parent knows how quickly this mounts into another recurring expense. This is also why adults are ...

Vanguard index product becomes first ETF to top $1 trillion in assets
Reuters87d agoneutral
Vanguard index product becomes first ETF to top $1 trillion in assets

The Vanguard S&P 500 ETF, the index investing pioneer's ‌flagship exchange-traded product, became the first in ‌the history of ETFs to reach and exceed $1 trillion in assets, ​the investment firm confirmed on Wednesday. The Vanguard fund hit this milestone, the latest record in the remarkable ascent of exchange-traded funds, on Tuesday, less than 18 months after ‌overtaking State Street ⁠Investment Management's SPDR S&P 500 ETF in assets, as investors looking for broad market ⁠exposure also sought out the lowest-cost funds. VOO levies a management fee of only 0.03%, compared to 0.09% for ​the State ​Street fund, which now ​is third in the ‌three-way race between those two firms and BlackRock Inc..

Investing.com87d agoneutral
Canada intends to extend steel and aluminum tariff measures

Investing.com -- The Canadian government announced on Wednesday its intention to extend key steel and aluminum tariff measures for an additional year to shield domestic industries from global trade distortions. The policy extension aims to counter non-market practices and prevent trade diversion from undermining local producers and workers. Subject to official approval, the extension will prolong the nation’s steel tariff-rate quotas for non-CUSMA partners until June 27, 2027. Additionally, hori

SpaceX's IPO is set to be the biggest ever and could make Elon Musk a trillionaire
Associated Press87d agoneutral
SpaceX's IPO is set to be the biggest ever and could make Elon Musk a trillionaire

SpaceX says it plans to raise up to $75 billion when it goes public this month, setting the stage for the largest-ever stock market debut and putting Elon Musk on course to becoming the world's first trillionaire. The company, formally known as Space Exploration Technologies Corp., said Wednesday it will sell 555.6 million shares at $135 a piece. The offering would give SpaceX a market value of $1.77 trillion.

C3.ai Stock Jumps on Better-Than-Expected Earnings and Guidance
Barrons.com87d agoneutral
C3.ai Stock Jumps on Better-Than-Expected Earnings and Guidance

Shares of C3.ai surged late Wednesday after the artificial intelligence software company surpassed Wall Street’s expectations with its fiscal fourth-quarter earnings and issued solid guidance. C3.ai sells artificial intelligence software platforms to large enterprises and government agencies, bringing in the vast bulk of its sales via subscription revenue. Investors have been skeptical that C3.ai can boost revenue in the competitive market of AI enterprise software while cutting costs, as it must to turn a profit.

Broadcom earnings: How sustainable is the rally behind AI build-out?
Yahoo Finance Video87d agobullishVIDEO
Broadcom earnings: How sustainable is the rally behind AI build-out?

Shares of Broadcom (AVGO) are sliding in Wednesday's extended hours in spite of the AI chipmaker beating fiscal second quarter earnings estimates and releasing third quarter guidance that outpaced Wall Street forecasts. CFRA Research senior vice president Angelo Zino reacts to Broadcom's latest earnings print and how much longer he expects the "downstream winners" of the AI infrastructure buildout to continue to gain from this phenomenon.

Investing.com87d agobullish
Veeva Systems beats estimates on AI progress

Investing.com -- Veeva Systems Inc Class A (NYSE:VEEV) reported first-quarter results that exceeded analyst expectations, with adjusted earnings per share of $2.24 beating the consensus estimate of $2.14 by $0.10. Revenue reached $882.9 million, surpassing the $857.75 million estimate and marking a 16% increase from $759.0 million in the same quarter last year.

CrowdStrike Stock Falls Despite Earnings Beat
Barrons.com87d agobullish
CrowdStrike Stock Falls Despite Earnings Beat

CrowdStrike Holdings stock was falling late Wednesday despite better-than-expected first-quarter results from the cybersecurity company. CrowdStrike reported adjusted earnings of $1.10 a share on revenue of $1.39 billion. “In Q1, the worlds of cybersecurity and frontier AI collided: this was the Mythos moment,” CEO George Kurtz said in the earnings release.

CrowdStrike reports higher operating expenses as AI investments gain pace
Reuters87d agoneutral
CrowdStrike reports higher operating expenses as AI investments gain pace

CrowdStrike reported a 15% jump in its first-quarter operating expenses ‌on Wednesday, as the cybersecurity company ramps ‌up investments in AI and product development. Shares of the ​company fell 8% in extended trading. Here are some details: • CrowdStrike expects 2027 revenue to be between $5.91 billion and $5.96 billion, compared with its ‌prior expectations of $5.87 ⁠billion to $5.93 billion.

Broadcom Revenue Climbs on AI Chip Demand
The Wall Street Journal87d agobullish
Broadcom Revenue Climbs on AI Chip Demand

The semiconductor and software maker says semiconductor revenue from AI more than doubled to $10.8 billion in the quarter, boosted by increasing demand for custom AI accelerators and AI networking, Chief Executive Hock Tan said.

SpaceX IPO Could Be a Killer—in More Ways Than One
Barrons.com87d agoneutral
SpaceX IPO Could Be a Killer—in More Ways Than One

Elon Musk’s SpaceX, which is likely to get a $1.8 trillion price tag when it debuts on the Nasdaq next week, carries a host of superlatives. Part of the problem is SpaceX itself. The company combines Musk’s space, satellite, social media, and artificial intelligence divisions, and is expected to float 555 million shares next week with a share price of around $135.

Broadcom stock falls despite Q2 earnings, guidance beat
Yahoo Finance Video87d agobearishVIDEO
Broadcom stock falls despite Q2 earnings, guidance beat

Broadcom (AVGO) topped fiscal second quarter estimates for adjusted earnings ($2.44 per share vs. estimates of $2.39) and revenue ($22.19 billion vs. estimates of $22.13 billion). But that may not have been enough to impress Wall Street investors as the chip stock falls in Wednesday's extended hours trading. Market Domination Overtime's Josh Lipton takes a closer look at the fresh earnings print.

Associated Press87d agoneutral
How major US stock indexes fared Wednesday 6/3/2026

Oil prices rose following the latest threats to the U.S.-Iran ceasefire, and U.S. stocks retreated from their records. The S&P 500 fell 0.7% Wednesday from its all-time high and snapped a nine-day winning streak. The Dow Jones Industrial Average dropped 1.2%, and the Nasdaq composite sank 0.9%.

What's justifying SpaceX's $2T valuation target ahead of IPO?
Yahoo Finance Video87d agoneutralVIDEO
What's justifying SpaceX's $2T valuation target ahead of IPO?

According to Reuters, SpaceX (SPAX.PVT) is gunning for an IPO date of Friday, June 12, with hopes to begin trading on the Nasdaq at $135 per share. This could launch the value of Elon Musk's private space operator to $2 trillion. Yahoo Finance Senior Reporter Pras Subramanian lays out the most valuable segments of the space company that Wall Street is watching.