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What SaaSpocalypse? Snowflake stock skyrockets on AI-driven earnings
Yahoo Finance Video95d 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 Video95d 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.

Shares of Union Pacific, Norfolk Southern Drop as Merger Hits Snag
The Wall Street Journal95d agobearish
Shares of Union Pacific, Norfolk Southern Drop as Merger Hits Snag

Shares of freight railroads Union Pacific and Norfolk Southern dropped sharply Thursday, after a federal regulator paused the review process for their merger, stating it needed more details to evaluate the transaction. Union Pacific fell 3.5%, and Norfolk Southern is down 5%. While the Surface Transportation Board said it accepted the revised merger application that the two railroads filed in April, it froze the review and will establish another schedule for the remainder of the process.

Xpeng projects quarterly revenue below estimates on weak EV demand
Reuters95d 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
Reuters95d 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.com95d 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.com95d 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.

T-Mobile quietly makes significant store changes after layoffs
TheStreet95d agobearish
T-Mobile quietly makes significant store changes after layoffs

Over the past few months, T-Mobile has been handing out pink slips to employees as it focuses on becoming a digital-first company, a change aimed at enhancing the customer experience. Amid this shift, the carrier has quietly made major store changes that impact customers and employees. ...

Snowflake vs. Salesforce earnings: Is AI still disrupting software?
Yahoo Finance Video95d 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).