Profit guidance
Dell expects AI server revenue to double in fiscal 2027 on data centre boom
Big tech firms are expected to spend at least US$630 billion to build AI infrastructure this year
Salesforce gives disappointing sales outlook, feeds AI fears
The company says that it expects “organic growth re-acceleration” in the second half of the year
Concord New Energy forecasts over 80% dip in profit for FY2025
This comes on the back of a decline in revenue and gross margin from its power generation business
Sony lifts outlook after record quarterly profit, music and sensor units shine
The Japanese conglomerate also announces an expansion in its share buyback scheme
Palantir jumps after stronger-than-expected sales outlook
The company has seen its shares soar by nearly 800% over the past two years
ExxonMobil, Chevron clock best month since 2022 as crude surges
The robust moves come alongside an upswing in oil prices and a broader rally
Tether’s annual profit drops 23% in midst of fundraising
USDT is the largest stablecoin, with over US$185 billion in circulation
Meta leans on improved ad business to fuel massive AI spending
Investors have historically been anxious about whether the company’s businesses will benefit meaningfully from its hefty AI investments
LVMH suffers sluggish sales of high-end fashion and handbags
In uncertain times, consumers see gold necklaces, bracelets and the like as better stores of value than trendy handbags
Intel gives weak forecast after supply shortages hurt sales
Despite the optimism, the company still has a long way to go to restore its former chip-industry glory
