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Anthropic commits to spending $200 billion on Google's cloud and chips, the Information reports
Reuters124d agoneutral
Anthropic commits to spending $200 billion on Google's cloud and chips, the Information reports

May 5 () - Anthropic has committed to spend $200 billion with ‌Google Cloud over five years ‌as part of a recent agreement, the ​Information reported on Tuesday, citing a person with knowledge of the matter. The commitment indicates that the AI ‌startup represents ⁠more than 40% of the "revenue backlog" Google disclosed to ⁠investors last week, reflecting contractual commitments from its cloud customers, ​according to ​the report.

AMD Q1 earnings: What the chipmaker's growth could mean for Nvidia
Yahoo Finance Video124d agoneutralVIDEO
AMD Q1 earnings: What the chipmaker's growth could mean for Nvidia

Advanced Micro Devices (AMD) posted first quarter results that beat Wall Street estimates, reporting adjusted earnings of $1.37 per share (vs. estimates of $1.28) and revenue of $10.25 billion (vs. estimates of $9.89 billion). Futurum CEO Daniel Newman comes on Market Domination Overtime to dive into the AI chipmaker's earnings release and what it may signal about CEO Lisa Su's growth outlook and the company's tightening competition with Nvidia (NVDA). The stock is getting a lift in Tuesday's after-hours trading at the time of this video being posted.

Anthropic commits to spending $200 billion on Google's cloud and chips, the Information reports
Reuters124d agoneutral
Anthropic commits to spending $200 billion on Google's cloud and chips, the Information reports

Anthropic has committed to spend $200 billion with Google Cloud over five years as part of a recent agreement, The Information ‌reported on Tuesday, citing a person with knowledge of the matter. The ‌commitment suggests the AI startup accounts for more than 40% of the revenue backlog Google disclosed ​to investors last week, according to the report. Google parent Alphabet shares were up about 2% in extended trading on Tuesday following the report.

Skyworks Solutions forecasts higher revenue on strong chip demand
Reuters124d agoneutral
Skyworks Solutions forecasts higher revenue on strong chip demand

Skyworks Solutions forecast quarterly revenue above estimates on Tuesday, betting on strong ‌demand for its radio-frequency chips used in premium ‌smartphones. Shares of the Irvine, California-based company rose more than 1% ​in extended trading. Skyworks, which sells analog and mixed-signal wireless communication chips to customers across the automotive, industrial and consumer electronics sectors, is a key supplier of ‌radio-frequency components for ⁠Apple's 5G iPhones.

Freshworks to cut 11% jobs as AI reshapes software sector
Reuters124d agoneutral
Freshworks to cut 11% jobs as AI reshapes software sector

Freshworks said on Tuesday it would cut 11% of its workforce, or about 500 jobs, as the business-software company grapples ‌with an industry being reshaped by artificial intelligence. Shares of the company were ‌down around 5% in extended trading. Peer Atlassian, last month, said it would slash roughly 10% of jobs.

PayPal Q1 Earnings Call Highlights
MarketBeat124d agoneutral
PayPal Q1 Earnings Call Highlights

PayPal (NASDAQ:PYPL) executives used the company’s first-quarter 2026 earnings call to outline a broad transformation agenda that includes reorganizing around three core businesses, accelerating technology modernization, and launching a multi-year cost savings program, while reiterating full-year gu

AMD forecasts quarterly revenue above expectations as AI chip demand stays strong
Reuters124d agoneutral
AMD forecasts quarterly revenue above expectations as AI chip demand stays strong

Advanced Micro Devices forecast second-quarter revenue above Wall Street expectations on Tuesday, betting on resilient demand for its data-center ‌chips as cloud providers accelerate spending on artificial intelligence infrastructure. The company ‌expects quarterly revenue of $11.2 billion, plus or minus $300 million, compared with estimates of $10.52 billion, according to ​data compiled by LSEG. AMD, long seen by analysts and investors as a leading challenger to Nvidia's dominance, is tapping into a new AI hardware opportunity in the form of central processing unit (CPU) as companies move from training models to deploying ‌them, a process known ⁠as inference.

Associated Press124d agoneutral
How major US stock indexes fared Tuesday 5/5/2026

The U.S. stock market rallied to more records after an easing of oil prices let Wall Street turn its focus back to the big profits that companies keep producing. The Dow Jones Industrial Average added 0.7%, and the Nasdaq composite gained 1%. Stocks got a boost after oil prices gave back much of their big jumps from Monday, and Brent crude fell 4%.

Palladyne AI (PDYN) Q1 2026 Earnings Transcript
Motley Fool124d agoneutral
Palladyne AI (PDYN) Q1 2026 Earnings Transcript

It is now my pleasure to introduce your host, Brian Siegel with Hayden IR. Joining me on the call today are Ben Wolff, President and Chief Executive Officer; and Trevor Thatcher, Chief Financial Officer.

Tinder Returns to New User Registration Growth in Sign of Turnaround
Bloomberg124d agoneutral
Tinder Returns to New User Registration Growth in Sign of Turnaround

(Bloomberg) -- Match Group Inc. reported first-quarter revenue that beat analysts’ estimates as a decline in Tinder users moderated, suggesting its turnaround strategy is resonating with younger daters.Most Read from BloombergUS Has Opened a Passage Through Hormuz, Central Command SaysChina’s Rare Sanctions Pushback Leaves Banks Caught in CrossfireUS and Iran Trade Fire in Gulf, Jolting Four-Week-Old TruceWhite House Weighs AI Working Group, Model Testing, NYT ReportsAnthropic Unveils AI Agents

Analyst shares stark warning on surging crypto stock
TheStreet124d agoneutral
Analyst shares stark warning on surging crypto stock

Riot Platforms (Nasdaq: HOOD) is a digital infrastructure company that made its name for Bitcoin (BTC) mining operations. But since this business is no longer profitable, the company has been selling its Bitcoin holdings and transitioning to running artificial intelligence (AI) and ...

Cipher Mining (CIFR) Q1 2026 Earnings Transcript
Motley Fool124d agoneutral
Cipher Mining (CIFR) Q1 2026 Earnings Transcript

Thomas Armstrong: Good morning, and thank you for joining us on this conference call to address Cipher Digital's business update for the first quarter of 2026. Joining me on the call today are Tyler Page, Chief Executive Officer; and Greg Mumford, Chief Financial Officer. Please also note that this conference call is the property of Cipher Digital, and any taping or other reproduction is expressly prohibited without prior consent.

Pfizer CEO Says Digging Out of Post-Covid Hole Will Take a Few More Years
The Wall Street Journal124d agoneutral
Pfizer CEO Says Digging Out of Post-Covid Hole Will Take a Few More Years

Pfizer Chief Executive Albert Bourla is battling impending expirations for some blockbuster-drug patents and the precipitous decline of the company's Covid franchise, but he has put a date on when the company will return to consistent growth: 2029. Bourla said Tuesday he expects Pfizer will post high-single-digit average revenue growth annually from 2029 through 2033. “Products are losing patents, and we have a clear line of sight on growth starting in '29,” Bourla said in an interview after the company reported better-than-expected first-quarter results.

KKR Says Market Distress Is Overblown
The Wall Street Journal124d agoneutral
KKR Says Market Distress Is Overblown

Managers of KKR sought to play down turmoil engulfing private-markets firms, as the New York firm beat analysts’ quarterly earnings forecasts.

107-year-old beloved burger chain closes locations
TheStreet124d agoneutral
107-year-old beloved burger chain closes locations

The fast-food burger sector has faced economic challenges over the last year that have led major chains, such as A&W Restaurants, to close locations. A significant issue for burger chains was mixed sales results over the last year. The leading fast-food burger chain is enjoying another year of ...

CPI Card Group Q1 Earnings Call Highlights
MarketBeat124d agoneutral
CPI Card Group Q1 Earnings Call Highlights

CPI Card Group (NASDAQ:PMTS) executives said the company got off to a “solid start” in 2026, reporting first-quarter revenue growth of 20% and reaffirming its full-year outlook as it continues integrating its Arroweye acquisition and investing in its technology and go-to-market initiatives. First-q

Powell Industries Q2 Earnings Call Highlights
MarketBeat124d agoneutral
Powell Industries Q2 Earnings Call Highlights

Powell Industries (NASDAQ:POWL) reported fiscal 2026 second-quarter results showing continued order momentum and a growing backlog, driven by activity across liquefied natural gas, electric utilities, and data center-related demand. Orders surge and backlog expands Chairman and CEO Brett Cope said

Palladyne AI Q1 Earnings Call Highlights
MarketBeat124d agoneutral
Palladyne AI Q1 Earnings Call Highlights

Palladyne AI (NASDAQ:PDYN) reported first-quarter fiscal 2026 revenue of $3.5 million, up 107% year-over-year, and reiterated its full-year 2026 revenue guidance of $24 million to $27 million as management pointed to a growing contract backlog and increased defense program activity. Revenue grew 10