Author: Advanced AI Bot
JOSEP LAGO / Getty Images Dell said its quarterly servers and networking revenue jumped 16% year-over-year to a record $6.3 billion Dell (DELL) reported fiscal first-quarter revenue that topped analysts’ expectations, driven by growth in artificial intelligence server sales. The Nvidia (NVDA) partner’s quarterly revenue grew 5% year-over-year to $23.38 billion, above the analyst consensus from Visible Alpha. Servers and networking revenue jumped 16% to a record $6.3 billion, driven by what Chief Operating Officer Jeff Clarke called “unprecedented demand for our AI-optimized servers.” The company generated $12.1 billion in AI orders in the first quarter, more than it delivered…
This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. Warby Parker is using AI to bring its in-store experience online with the introduction of Advisor, an AI tool for its iOS app that gives personalized recommendations to help customers pick frames, the company announced on Tuesday. Through the app, users scan their face to receive frame recommendations based on style preferences and face shape, width and nose bridge. Warby Parker also entered a partnership with Google earlier this month to develop AI-powered glasses for all-day wear. The…
Cheng Xin / Getty Images The AI software firm’s combined subscription and engineering services revenue increased 22% and made up 96% of the company’s total revenue. C3.ai reported a lower loss and higher revenue than analysts estimated on growing demand for generative AI products. The AI software firm’s combined subscription and engineering services revenue increased 22% and made up 96% of the company’s total revenue. C3.ai also renewed and expanded its contract with Baker Hughes. C3.ai (AI) shares soared more than 25% Thursday, a day after the artificial intelligence (AI) software firm reported better-than-expected results, boosted by skyrocketing demand for…
Shares of artificial intelligence (AI) software company C3.ai (NYSE:AI) jumped 26.3% in the afternoon session after the company reported strong first quarter 2025 results: Revenue and adjusted operating income both beat in the quarter. Looking forward, revenue guidance for next quarter was roughly in line with Wall Street’s estimates, but operating income guidance for the period was nicely above expectations. Finally, “C3 AI and Baker Hughes renewed and expanded their strategic partnership through a multi-year agreement”, and this is a relief to the market as it is the largest partnership for the software company. Overall, this was a solid quarter.…
We recently published a list of 12 AI Stocks on Latest News and Ratings. In this article, we are going to take a look at where Reddit Inc (NYSE:RDDT) stands against other AI stocks on latest news and ratings. On May 28, Redburn-Atlantic analyst James Cordwell reiterated a “Sell” rating on Reddit Inc (NYSE:RDDT) with a $75.00 price target. Reddit is a social media platform that leverages AI to strengthen search functionality and improve user engagement. The firm’s rating reiteration follows concerns regarding the impact of Google’s latest AI advancements on the social media platform. Google’s aggressive rollout of AI…
The New York Times building stands in Midtown on February 07, 2024 in New York City. – Spencer Platt/Getty Images The New York Times on Thursday announced that it will license content from across its newsroom to train Amazon AI models. Under the multi-year deal, Amazon’s AI services like Alexa will be able to use Times content, including from NYT Cooking and sports website The Athletic, to produce summaries and short excerpts in real time. The Jeff Bezos-owned company will use decades’ worth of the Gray Lady’s content to train its AI models. “The collaboration will make The New York…
On Wednesday, B Of A securities analyst Wamsi Mohan maintained a Buy rating on International Business Machines (NYSE:IBM) with a price forecast of $270. The rating reflects the analyst’s view that the company is a defensive investment and anticipates improving revenue growth that should, in turn, generate higher cash flow available for reinvestment in further mergers and acquisitions. In an analyst note that focused on IBM’s transaction processing (TP) software, a critical component of its mainframe operations, Mohan noted TP software has not only stabilized but is now demonstrating significant growth staying extremely relevant in the age of public cloud.…
(Bloomberg) — Salesforce Inc. (CRM) said the use of artificial intelligence tools internally has allowed it to hire fewer workers, another example of a company changing its hiring plans due to the emerging technology. Most Read from Bloomberg “We have reduced some of our hiring needs,” Chief Financial and Operations Officer Robin Washington said Wednesday on a call with analysts, citing the implementation of AI tools. For example, she said that 500 customer service workers would be redeployed to different roles within the company this year, saving $50 million. Tech companies are relying on AI to help with everything from…
Artificial intelligence (AI) software company C3.ai (NYSE:AI) announced better-than-expected revenue in Q1 CY2025, with sales up 25.6% year on year to $108.7 million. The company expects next quarter’s revenue to be around $104.5 million, close to analysts’ estimates. Its non-GAAP loss of $0.60 per share was significantly below analysts’ consensus estimates. Is now the time to buy C3.ai? Find out in our full research report. Revenue: $108.7 million vs analyst estimates of $107.9 million (25.6% year-on-year growth, 0.8% beat) Adjusted EPS: -$0.60 vs analyst estimates of -$0.20 (significant miss) Adjusted Operating Income: -$31.17 million vs analyst estimates of -$35.18 million…
Nvidia weathered a storm of tariff uncertainty and export controls to exceed Wall Street’s lofty expectations for sales when the AI chip behemoth reported quarterly earnings Wednesday. The hit to profits and margins came in worse than expected, however. Revenue increased 69% from the same period last year to $44.1 billion, surpassing the Street’s projection of $43.3 billion, per Visible Alpha. Profits came in at $18.8 billion, though, falling from $22 billion last quarter and missing the $19.5 billion mark analysts expected. That meant Nvidia posted diluted earnings per share of $0.76, down from $0.89 last quarter and below the…