Nvidia Corp. increased the fervor for artificial intelligence on Wall Street, but plunging software stocks showed Wednesday why betting that the chip maker’s AI revenue will quickly ripple through the rest of the tech sector is a losing proposition. After Nvidia’s NVDA prediction of record revenue — in part fueled…
CrowdStrike Holdings Inc. shares fell in the extended session Wednesday after the cybersecurity company’s forecast failed to wow Wall Street. CrowdStrike shares CRWD dropped nearly 12% after hours, following a 1% rise in the regular session to close at $160.13. The software company’s executives forecast adjusted fiscal second-quarter earnings of…
Shares of white-hot Ai startup C3.ai Inc., which had been hurtling toward record highs earlier this week, took an abrupt U-turn Wednesday. The company’s stock AI skidded 14% in after-hours trading in the minutes leading up to its quarterly financial results. When C3.ai reported mere minutes before its earnings call…
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Salesforce Inc. executives predicted record adjusted earnings in the second quarter and increased their guidance for record profit for the full year Wednesday, but shares still declined about 6% in after-hours trading. Salesforce CRMhas easily been the biggest gainer among Dow Jones Industrial Average DJIAcomponents this year, increasing more than…
The U.S. House of Representatives voted 314-117 in favor of a crucial debt-ceiling bill on Wednesday night, keeping Washington on track to meet the Treasury Department’s Monday deadline. There were 149 Republicans and 165 Democrats voting for the measure, while 71 Republicans and 46 Democrats voted against it. Those tallies…
While President Joe Biden and House Speaker Kevin McCarthy reached a debt-ceiling deal over the holiday weekend, that doesn’t mean it’s now all smooth sailing. Congress still must give its OK for the bipartisan debt-limit package. It’s the Democratic-controlled Senate’s turn to act, after the Republican-run House of Representatives passed…
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A private gauge of China’s factory activity bounced back to expansionary territory in May, the first improvement in the health of the manufacturing sector since February. The China Caixin manufacturing purchasing managers index rose to 50.9 in May from 49.5 in April, according to data released Thursday by Caixin Media…
Gold futures tallied a third consecutive session decline on Wednesday, settling at their lowest in nearly a week as further strength in the U.S. dollar pressured prices for the precious metal. Gold gave up early gains that had been driven by uncertainty surrounding a U.S. debt-ceiling deal in Congress. Price…