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70 analyses
The consensus projects revenue between $7.61 billion and $7.63 billion in the fiscal first quarter, nearly stable compared to the previous quarter, with the season opening on the same ground that brought down Accenture and Capgemini.
Startup closes first tranche of a $1 billion Series F led by General Atlantic, five months after a $350 million Series E round, and anchors sale with a client that rarely appears in vendor press releases.
Research firm claims Kyber NVL144 slips to 2028 due to PCB issues. Nvidia responded the same day that the roadmap remains intact. Asian supply chain feels the impact.
New agreement covers RF, WiFi, Bluetooth, and proprietary ASICs for multiple generations of products. Apple already represents 20% of Broadcom's revenue.
The Korean company reported 89.4 trillion won in preliminary profit for the second quarter, a 1,810% year-over-year increase, driven by demand for HBM memory in AI servers.
Kotak, ICICI Sec, Motilal Oswal, and JPMorgan have downgraded estimates for TCS, Infosys, HCL Tech, and Wipro in just four days, with price deflation linked to AI rising to 3.5% and the sector losing 46% of market value since 2024.
The combined market capitalizations of the five largest IT consulting firms in India fell 46% from historic peaks, wiping out approximately $185 billion in market value. TCS reports results on July 9; Infosys on July 23.
A Bloomberg report shows a monthly decline of 28,000 jobs in financial activities and information, the only brake within a U.S. market still creating 113,000 positions per month.
ServiceNow jumped nearly 10% and SAP closed up 2.16% on XETRA after reports that OpenAI's IPO is pushed to 2027. Workday and Datadog gained double digits.
The Hong Kong Stock Exchange raised $44 billion in IPOs, placements, and block trades in the first half of the year, an increase of 29% year-over-year, with CATL and Victory Giant leading the charge of issuers linked to the AI boom.
The annual report from the Bank for International Settlements published this Sunday lists the AI boom among the 'pressure points' that require attention, detailing the risk of circular financing between hyperscalers and labs.
The take-private of Clearwater Analytics concluded on June 25 at $24.55 per share, a 47% premium and a multiple close to 10 times ARR. Private equity continues to pay high prices for financial software with recurring revenue.