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IBM sinks after Q2 warning tied to memory shortage
business18 hours ago

IBM sinks after Q2 warning tied to memory shortage

IBM’s stock tumbled more than 25% after preannouncing weaker-than-expected Q2 results, with adjusted EPS of $2.93 on revenue of $17.2 billion versus consensus of $3.02 and $17.86 billion. IBM cited a global memory shortage that pressured its z17 mainframe-related demand and noted clients redirected capital expenditure toward servers, storage and memory to hedge supply constraints. The sharp drop is described as one of the steepest in decades, and IBM is set to discuss results on its July 22 earnings call.

via Yahoo Finance|
#business#earnings-warning#ibm
business22 hours ago

IBM misses Q2 as customers pivot capex to hardware, sending shares lower

IBM reported Q2 adjusted earnings of $2.93 per share on $17.2 billion in revenue, missing estimates of $3.01 and $17.86 billion, and its shares fell more than 17% in premarket trading. CEO Arvind Krishna blamed weakness in software and infrastructure as clients shifted capex toward hardware (servers, storage, memory) to secure supply-constrained infrastructure, noting several large deals failed to close on time.

via CNBC|
#business#capex#earnings
Trump’s Micron Praise Fails to Move Markets as Memory Stocks Slip
business13 days ago

Trump’s Micron Praise Fails to Move Markets as Memory Stocks Slip

Trump praised Micron on Truth Social, but MU slid about 10% on the day amid sector-wide profit-taking after a massive run, as investors reset positions rather than chase headlines. Micron beat Q3 results (revenue about $41.46B, non-GAAP EPS $25.11, gross margin 84.6%) and guided Q4 to roughly $50B revenue and $31 EPS, supported by 16 Strategic Customer Agreements targeting ~$100B in floor-price revenue and about $22B in deposits. Insider selling of $32.7M added to the pullback, underscoring that endorsements rarely move stocks when demand has already priced in perfection and memory names remain under pressure alongside broader AI memory demand themes.

via 24/7 Wall St.|
#ai-memory#business#micron-technology
On Semiconductor tumbles after Synaptics deal to push into physical AI
business18 days ago

On Semiconductor tumbles after Synaptics deal to push into physical AI

ON Semiconductor’s stock dropped about 24% after announcing its largest acquisition ever: an all-stock deal to buy Synaptics to expand into edge and physical AI with Synaptics’ Astra platform. The move would broaden its addressable market by roughly $30 billion to about $243 billion by 2030 and establish a new AI compute platform for edge devices and autonomous systems. Management says there is no product overlap and the core business remains strong; the deal is expected to close in mid-2027 with around $200 million in annual synergies within 18 months of close. The company also noted its data center business is performing well.

via CNBC|
#business#edge-ai#onsemi
Cerebras CEO: investors misread margin plan as stock slides after earnings
business20 days ago

Cerebras CEO: investors misread margin plan as stock slides after earnings

Cerebras Systems CEO Andrew Feldman said investors misunderstood the company’s 2026 adjusted gross margin guidance of 38-41% (versus 47% in Q1), arguing the plan laid out at the IPO is being beat and that margins won’t be a straight line as the company scales. The upbeat framing comes after the stock fell more than 17% following the earnings report. Feldman pointed to positives like OpenAI’s GPT-5.4 running on Cerebras chips and AWS data-center deployments, while noting logistics such as renting back equipment from a major client will influence near-term margins and growth.

via Yahoo Finance|
#business#cerebras-systems#earnings
Accenture Slumps After Softer Revenue Outlook Sparks AI-Shift Concerns
business26 days ago

Accenture Slumps After Softer Revenue Outlook Sparks AI-Shift Concerns

Accenture plc (ACN) tumbled about 20% after signaling a softer near-term revenue outlook for Q3 (revenue guidance of $17.75–$18.4 billion vs. consensus around $18.47B). For the quarter ended May 31, bookings declined about 2% and revenue rose to $18.7B, just below analyst estimates, while adjusted EPS rose 9% to $3.80. CEO Julie Sweet attributed roughly $100 million in revenue reductions from the Middle East conflict and about $400 million in sales impact. The company maintained full-year local-currency revenue growth guidance of 3–4% and adjusted EPS of $13.78–$13.90. Accenture cited ongoing AI-driven reinvention demand but faces investor concern that AI could disrupt traditional consulting demand; the stock has fallen more than 50% this year amid similar pressure on peers. The firm also announced intended acquisitions (Dragos, runZero, NetRise) for about $4.2 billion in total.

via Yahoo Finance|
#accenture#acn#bookings
Zealand Pharma slides on safety concerns around survodutide
business1 month ago

Zealand Pharma slides on safety concerns around survodutide

Zealand Pharma’s shares fell about 25-26% after late-stage survodutide data showed notable GI adverse events, with a 19% discontinuation rate and more than 40% of patients reporting vomiting, raising questions about safety/tolerability despite up to 16.6% average weight loss versus placebo. Analysts warned the safety profile could limit commercial potential amid strong competition from Novo Nordisk and Eli Lilly, contributing to a steep year-to-date decline as Zealand works with Boehringer Ingelheim and Roche.

via CNBC|
#business#safety-tolerability#stock-drop
Broadcom Slumps After AI-Chip Forecast Miss
business1 month ago

Broadcom Slumps After AI-Chip Forecast Miss

Broadcom’s shares fell more than 10% in after-hours trading after the company forecast AI semiconductor revenue of $16 billion for Q3, below the $17.2 billion consensus, and guided full-year AI chip revenue to $56 billion vs. about $57.6 billion expected. Despite Q2 revenue up 48% to $22.2 billion and adjusted earnings of $2.44 per share (vs. $2.39 expected), investors questioned the pace of AI ramp. Broadcom has long-term AI deals with Google/Anthropic/Meta and is funding capacity expansion (more than 20 gigawatts through 2028, including 3 GW for Meta; 1.3 GW in 2027 as part of a 10 GW by 2029 plan), but timing remains key as demand may be recognized over years rather than quarters.

via Yahoo Finance|
#ai-chips#avgo#broadcom
Broadcom Tops Q1 Revenue and Guides Higher, Yet Shares Slip
business1 month ago

Broadcom Tops Q1 Revenue and Guides Higher, Yet Shares Slip

Broadcom beat Q1 CY2026 revenue and non-GAAP EPS estimates, reporting $22.19B in revenue (up 47.9% YoY) and $2.44 per share, with Q2 guidance of about $29.4B at the midpoint above consensus. AI-related semiconductor demand helped drive growth, including roughly $10.8B in AI revenue, while margins remained strong (operating margin ~48.6%, free cash flow margin ~46.3%). Despite the upbeat results, the stock fell about 5-6% after the report as investors digested the broader outlook.

via Yahoo Finance|
#avgo#broadcom#business
Nvidia Stock Dips Amid China Sales Uncertainty After Summit
business2 months ago

Nvidia Stock Dips Amid China Sales Uncertainty After Summit

Nvidia shares slipped about 4% after reports that, despite initial signaling that U.S. permission would allow H200 AI-chip sales to Chinese firms, no actual purchases occurred and Chinese authorities hadn’t authorized deals yet; the situation highlights ongoing uncertainty about China’s access to Nvidia’s chips, though analysts view the move as a short-term hiccup rather than a fundamental problem, and Fool notes Nvidia isn’t currently among its top Stock Advisor picks.

via The Motley Fool|
#business#china#h200
CSL trims FY26 revenue, flags $5B impairment tied to Vifor deal
business2 months ago

CSL trims FY26 revenue, flags $5B impairment tied to Vifor deal

CSL cut its FY26 revenue forecast to $15.2B from $15.8B and will book a $5B impairment tied to the underperforming Vifor acquisition, as late-stage R&D failures and market pressures weigh on growth; the update followed the departure of CEO Paul McKenzie, with interim CEO Gordon Naylor emphasizing execution, and the news sent shares down about 16% to a 2017 low (YTD drop ~41%).

via Fierce Pharma|
#business#csl#impairment
SoFi Slides After Solid Q1 Beats as Guidance Concerns Weigh
business2 months ago

SoFi Slides After Solid Q1 Beats as Guidance Concerns Weigh

SoFi Technologies posted a solid Q1 2026 with about $1.1 billion in revenue (up 41% YoY) and EPS of $0.12, keeping full-year revenue guidance around $4.66 billion. However, shares fell sharply as investors cited a weaker mix: fee-based revenue missed estimates, Banking-as-a-Service revenue declined 27% YoY after Chime ended third-party use, and management did not raise guidance amid headwinds. Despite rising loan originations (+16%) and customer growth (14.7 million), the stock traded lower on concerns about margins and forward guidance.

via The Motley Fool|
#business#earnings#guidance
Microsoft taps voluntary retirement for thousands amid AI push
business2 months ago

Microsoft taps voluntary retirement for thousands amid AI push

Microsoft is offering about 7% of its US workforce a one-time voluntary early retirement program for employees with a combined age and years of service of 70 or more, starting with senior director level and below, with notifications due on May 7; the plan aims to shrink headcount while accelerating AI investments, and comes as other tech giants cut jobs and Microsoft’s stock fell about 4% on the news.

via CNN|
#ai-investments#business#layoffs