Tag: Computing
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ServiceNow’s stock gains on doubling of earnings, strong subscription sales forecast
[ad_1] ServiceNow Inc.’s stock was gaining 2% in extended trading Wednesday after the software company reported quarterly earnings more than doubled on strong subscription sales. “That’s the economics of the cloud,” ServiceNow Chief Executive Bill McDermott said in an interview Wednesday. “What’s incredible is we have a 99% renewal rate.” The software company NOW, -0.88%…
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Nvidia estimates ‘may prove conservative’ as Microsoft, Google mentions of AI more than double
[ad_1] Microsoft Corp. and Alphabet Inc. mentioned “AI” so many times on their earnings conference calls that one bullish Nvidia Corp. analyst is beginning to think his above-consensus estimates may be too conservative. Jefferies analyst Mark Lipacis, who has a buy rating on Nvidia NVDA, -0.79%, noted that mentions of artificial intelligence on both Microsoft’s…
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Microsoft and Google can’t stop talking about AI, and this chart proves it
[ad_1] As Microsoft Corp. and Alphabet Inc. get more serious about artificial intelligence, they’re spending a lot more time discussing it with the investment community. That was clear Tuesday when the technology giants reported June-quarter results and offered Wall Street ever more of a glimpse into how AI could reshape their businesses and the services…
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Elon Musk says Tesla will spend ‘well over’ $1 billion on Dojo supercomputer
[ad_1] Tesla Inc. will spend “well over” $1 billion by the end of 2024 on building an in-house supercomputer known as Project Dojo. In Tesla’s earnings call with analysts late Wednesday, Chief Executive Elon Musk said Dojo would be used to process data and video to improve the EV maker’s autonomous driving capabilities, with the…