Author: Advanced AI Bot

Analysts at Bank of America are bullish on chip stocks like Nvidia as mega-projects in the Middle East highlight long-term demand for AI computing. Also bolstering the case for the stocks is the emergence of AI chips as the new “coin of the realm,” serving as currency in geopolitical talks. AI chips, such as the graphics processing units that are critical to Nvidia’s success, have become so important globally they are like a form of currency in geopolitical talks on trade, according to analysts at Bank of America. That’s as recent mega-deals point to continued demand for AI computing power.…

(Bloomberg) — Nvidia Corp. Chief Executive Officer Jensen Huang expressed confidence in his company’s trade partners and said there’s no evidence of its prized semiconductors being diverted to the Chinese market. Most Read from Bloomberg Nvidia’s hardware is too large to be easily smuggled across borders and its customers are aware of the rules and self-monitoring, Huang told Bloomberg News on Saturday in Taipei. Its latest flagship products are sold as multimillion-dollar integrated systems, which can contain as many as 72 graphics processing units and 36 processors. The Biden administration set up so-called AI diffusion rules to prevent shipments to…

Call center software provider Five9 (NASDAQ: FIVN) reported Q1 CY2025 results beating Wall Street’s revenue expectations , with sales up 13.2% year on year to $279.7 million. The company expects next quarter’s revenue to be around $275 million, close to analysts’ estimates. Its non-GAAP profit of $0.62 per share was 27.9% above analysts’ consensus estimates. Is now the time to buy FIVN? Find out in our full research report (it’s free). Revenue: $279.7 million vs analyst estimates of $272.5 million (13.2% year-on-year growth, 2.6% beat) Adjusted EPS: $0.62 vs analyst estimates of $0.48 (27.9% beat) Adjusted Operating Income: $40.31 million…

Digital transformation consultancy Grid Dynamics (NASDAQ:GDYN) beat Wall Street’s revenue expectations in Q1 CY2025, with sales up 25.8% year on year to $100.4 million. The company expects next quarter’s revenue to be around $101 million, close to analysts’ estimates. Its non-GAAP profit of $0.11 per share was 28.7% above analysts’ consensus estimates. Is now the time to buy GDYN? Find out in our full research report (it’s free). Revenue: $100.4 million vs analyst estimates of $98.44 million (25.8% year-on-year growth, 2% beat) Adjusted EPS: $0.11 vs analyst estimates of $0.09 (28.7% beat) Adjusted EBITDA: $14.61 million vs analyst estimates of…

(Bloomberg) — President Donald Trump’s flurry of artificial intelligence deals during his tour of the Middle East is opening a rift within his own administration as China hawks grow increasingly concerned the projects are putting US national security and economic interests at risk. Most Read from Bloomberg The Trump team has worked out agreements for parties in Saudi Arabia to acquire tens of thousands of semiconductors from Nvidia Corp. and Advanced Micro Devices Inc., while shipments to the United Arab Emirates could top a million accelerators — mostly for projects involving or owned by US companies. Such chips are used…

OpenAI announced on Friday it’s launching a research preview of Codex, the company’s most capable AI coding agent yet. Codex is powered by codex-1, a version of the company’s o3 AI reasoning model optimized for software engineering tasks. OpenAI says codex-1 produces “cleaner” code than o3, adheres more precisely to instructions, and will iteratively run tests on its code until passing results are achieved. The Codex agent runs in a sandboxed, virtual computer in the cloud. By connecting with GitHub, Codex’s environment can come preloaded with your code repositories. OpenAI says the AI coding agent will take anywhere from one…

IBM (IBM, Financials) handed off repetitive HR work to AIand used the savings to hire more people where it counts: engineers, marketers, and sales staff. CEO Arvind Krishna said IBM’s AI tool, AskHR, now takes care of the small stuffapproving vacations, answering pay questionsthings that don’t need a human touch. And while hundreds of HR jobs were phased out, IBM didn’t shrink. It actually grew to 270,300 employees in 2024. The new hires? People who solve problems, think creatively, and work with customersstuff machines still can’t do well. Another AI tool, AskIT, helped lighten the load on IBM’s tech support…

Advertising and marketing company Zeta Global (NYSE:ZETA) reported Q1 CY2025 results topping the market’s revenue expectations , with sales up 35.6% year on year to $264.4 million. The company expects next quarter’s revenue to be around $296.5 million, close to analysts’ estimates. Its non-GAAP profit of $0.09 per share was 22.6% below analysts’ consensus estimates. Is now the time to buy ZETA? Find out in our full research report (it’s free). Revenue: $264.4 million vs analyst estimates of $254.1 million (35.6% year-on-year growth, 4.1% beat) Adjusted EPS: $0.09 vs analyst expectations of $0.11 (22.6% miss) Adjusted Operating Income: $29.03 million…

Bloomberg / Getty Images CoreWeave’s stock has surged nearly 70% from its IPO price in March through Wednesday’s closing bell. CoreWeave (CRWV) reported first-quarter revenue that grew over 400% year-over-year, sending shares higher in extended trading Wednesday. In its first quarterly report since going public in March, the cloud computing company backed by Nvidia (NVDA) posted revenue of $981.6 million, up 420% from a year earlier. Its adjusted net loss was $149.6 million, widening from a $23.6 million loss in the year-ago quarter. “Demand for our platform is robust and accelerating as AI leaders seek the highly performant AI cloud…

Machine vision technology company Cognex (NASDAQ:CGNX) reported revenue ahead of Wall Street’s expectations in Q1 CY2025, with sales up 2.5% year on year to $216 million. On the other hand, next quarter’s revenue guidance of $245 million was less impressive, coming in 0.6% below analysts’ estimates. Its non-GAAP profit of $0.16 per share was 19.4% above analysts’ consensus estimates. Is now the time to buy CGNX? Find out in our full research report (it’s free). Revenue: $216 million vs analyst estimates of $212 million (2.5% year-on-year growth, 1.9% beat) Adjusted EPS: $0.16 vs analyst estimates of $0.13 (19.4% beat) Adjusted…