KGWV · U.S. MARKET INTELLIGENCE
AI chipmaker Cerebras Systems reported its second quarterly earnings report since going public Wednesday after the market close. Although the company raised its full-year revenue guidance, quarterly revenue fell short of market expectations, sending its shares…
Oracle and Amazon Web Services are expanding their long-term strategic partnership to accelerate customer migrations. Oracle AI Database@AWS is now available in 22 AWS regions and includes expanded capabilities, according to Bloomberg.
A Bank of England analysis says a burst in the artificial-intelligence stock bubble could spread to the U.K., affecting share prices, U.K. government bond yields and corporate credit markets. In a blog post, Bank of England staff said disappointing earnings fr…
The U.S. government could face an awkward moment Thursday night: issuing 30-year Treasury bonds at the highest borrowing cost since 2001. The Treasury is scheduled to sell $25 billion of 30-year bonds at its regular Thursday auction. In the when-issued market,…
U.S. chip stocks are once again nearing the edge of a technical bull market, buoyed by the optimism generated by recent corporate earnings reports. Shares across the sector—from computing leaders Nvidia and AMD to memory-chip manufacturers Micron Technology an…
Heavy bond issuance by U.S. technology companies is rippling through credit markets and appears to be unexpectedly pushing up risk measures for some of the world’s safest companies. Strategies at BNP Paribas said the moves are a spillover effect of intensifyin…
Twitch announced Wednesday that users can now prevent their content from being used to train generative AI models. The platform changed its previously enabled-by-default data-collection option so that streamers and viewers can actively opt out. The feature cov…
Tapestry shares fell more than 10% in U.S. premarket trading after the company previously released its fourth-quarter financial results.
Tapestry reported fourth-quarter net sales of $1.88 billion, compared with expectations of $1.87 billion. Fourth-quarter adjusted earnings per share were $1.32, versus expectations of $1.27. Adjusted operating profit was $362 million, up 25% from a year earlie…
Shares of insurance technology company Accelerant rose more than 45% in premarket trading after a report said software investment firm Thoma Bravo would take the company private at $20.25 a share.