Money

AI Software Demand Helps Lift MongoDB Stock

Key Takeaways MongoDB raised its guidance after beating expectations on the top and bottom lines. Sales of MongoDB Atlas rose…

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GE Vernova Stock Hits Record High Amid AI Power Demand Optimism

Key Takeaways Brokerage firm William Blair initiated coverage on GE Vernova Thursday with an “outperform” rating. Analyst Jed Dorsheimer told…

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Gap Posts Strong Quarterly Results With Early Release Leading to Trading Halt

Key Takeaways Gap posted second-quarter earnings and revenue above analysts’ estimates on higher sales at its Old Navy and Gap…

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NetApp Beat Earnings Estimates. So Why Did the Nvidia Partner’s Stock Plummet?

Key Takeaways NetApp’s quarterly sales and profit topped estimates, but shares of the data infrastructure firm slumped on Thursday. Although…

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Dollar General Stock Plummets After Earnings Miss

Key Takeaways The S&P 500 was little changed on Thursday, Aug. 29, following an upward revision to second-quarter economic growth…

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Dell Stock Rises After Company Reports Stronger-Than Expected Earnings, AI Server Surge

Key Takeaways Dell’s second-quarter results beat expectations on the top and bottom lines. Server and networking revenue rose 80% to…

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Why Salesforce Analysts Say They’re Bullish on the Software Giant

Key Takeaways Analysts are optimistic after Salesforce beat expectations with its second-quarter results. Investors will be watching for continued margin…

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Here’s Why Affirm Stock Is Up 30% Today

Key Takeaways Affirm reported quarterly results that beat analysts’ expectations for revenue and net income. CEO Max Levchin expects the…

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Anthropic, OpenAI Sign Deals on AI Safety with U.S. Agency

Key Takeaways Anthropic and OpenAI have signed agreements with the U.S. agency overseeing artificial intelligence safety to work together to…

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Best Buy, Dollar General, Nvidia, and More

Key Takeaways U.S. equities gained at midday Thursday as a report showed the economy grew more than previously reported in…

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