Technology

HPE Raises Annual Forecasts as AI Server Demand Lifts Quarterly Revenue

Hewlett Packard Enterprise raised its annual profit and revenue forecasts after AI server and networking demand drove a quarterly earnings beat.

NBA Suspends Clippers Owner Ballmer, Strips Five Draft Picks Over Kawhi Deal

The NBA suspended Clippers owner Steve Ballmer for one year, stripped five first-round draft picks and fined the team $30 million over the Kawhi Leonard ca

New York City Bans AI for Students Through 8th Grade for One Year

New York City announced a one-year ban on AI tools for students through eighth grade, with new literacy classes and screen-time caps for older students.

Two Killed and Suspect Dead in Downtown Minneapolis High-Rise Shooting

Two people were killed and seven wounded, including three police officers, in a shooting at a downtown Minneapolis high-rise Wednesday. The suspect is dead

HPE Raises Annual Forecasts as AI Server Demand Lifts Quarterly Revenue

Hewlett Packard Enterprise raised its annual profit and revenue forecasts after AI server and networking demand drove a quarterly earnings beat.

HPE Raises Annual Forecasts as AI Server Demand Lifts Quarterly Revenue

Hewlett Packard Enterprise raised its annual profit and revenue forecasts after AI server and networking demand drove a quarterly earnings beat.

Microsoft Will Disclose Azure Revenue in Dollars for First Time

Microsoft will report quarterly Azure revenue in dollars for the first time under a new segment structure taking effect in fiscal 2027.

Broadcom Stock Falls as Revenue Forecast Disappoints Despite Upbeat Earnings

Broadcom shares dropped on Thursday after a revenue forecast below estimates, extending a year in which the stock has lagged the broader chip rally.

Google Avoids Ad Tech Breakup as Judge Rejects US Sale Order

A U.S. judge declined to order Google to sell parts of its ad tech business, opting for behavioral fixes over a forced divestiture in the antitrust case.

GitLab Stock Surges After AI-Driven Quarter Beats Wall Street Estimates

GitLab shares surged toward a 52-week high after the company topped second-quarter estimates on AI-driven demand, prompting a William Blair upgrade.

Palo Alto Networks Beats Estimates as AI Fuels Security Demand

Palo Alto Networks topped fiscal fourth-quarter estimates on September 1 as AI-driven security demand lifted results and its stock nearly doubled this year

Dell Surges 9% After Tripling AI Server Forecast, Backlog Hits $95 Billion

Dell shares jumped 9% on September 1 after raising its fiscal 2027 AI server forecast to triple, with order backlog reaching $95 billion.

Anthropic Signs $35 Billion Cloud Deal With Nvidia-Backed Lambda

Anthropic has agreed to a $35 billion cloud computing deal with Nvidia-backed Lambda, adding to a rapid series of AI compute commitments.

Meta May Overtake Google Search in Ad Revenue This Year, Bernstein Says

Bernstein analysts say Meta could pass Google Search in advertising revenue by year-end 2025, driven by returns on its roughly $60 billion AI spending.

Nvidia Invests $3.5 Billion in MediaTek to Deepen AI Chip Partnership

Nvidia has committed $3.5 billion to MediaTek through convertible bonds, expanding an AI chip partnership between the two semiconductor firms.

Sony Music, Warner Sue Anthropic Over Alleged Copyright Theft

Sony Music and Warner have sued Anthropic, alleging "blatant theft" of copyrighted lyrics used to train its Claude AI models as the firm eyes an IPO.

Nvidia Stock Climbs After Blockbuster Results Soothe AI Jitters

Nvidia shares rose Thursday after strong quarterly results and guidance eased AI demand worries, prompting Goldman Sachs and Citigroup to raise price targe

Okta Jumps 20%, CrowdStrike Surges 15% as AI Fuels Cyber Spending

Okta rose about 20% and CrowdStrike 15% on August 27 as AI-driven threats push companies to spend more on cybersecurity, lifting tech stocks.

Meta Agrees to $18bn Settlement, Adds Curfews and Time Limits for Child Users

Meta agreed to an $18 billion settlement and will add night curfews and two-hour daily limits for child users on Instagram and Facebook in the US.

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