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Databricks expands Microsoft Azure partnership, to use more custom chips
Reuters72d agobullish
Databricks expands Microsoft Azure partnership, to use more custom chips

Databricks said on Thursday it would expand its partnership with Microsoft through the ‌2030s, a deal under which it will increase ‌its use of the Azure platform and Microsoft's custom chips. Databricks offers a ​platform that helps users ingest, analyze and build AI applications using complex data from various sources. One of the most valuable private companies, the San Francisco-based firm's move marks a ‌sizeable win for ⁠Microsoft's Azure cloud business and comes as enterprise AI adoption accelerates.

Nokia reports stronger second-quarter earnings as AI infrastructure demand accelerates (NYSE:NOK)
InvestorsHub72d agoneutral
Nokia reports stronger second-quarter earnings as AI infrastructure demand accelerates (NYSE:NOK)

Nokia (NYSE:NOK) reported stronger second-quarter results on Thursday, as surging demand for artificial intelligence infrastructure and cloud networking helped lift sales and profitability despite restructuring costs. The Finnish telecommunications equipment maker delivered solid growth across its Network Infrastructure business, while AI-related orders reached a record level during the quarter.

Alphabet's Post-Earnings Plunge Adds to Dow's 500-Point Dive
Barrons.com72d agobearish
Alphabet's Post-Earnings Plunge Adds to Dow's 500-Point Dive

Alphabet, the newest addition to the Dow, dove on its latest quarterly results and it's weighing on the blue-chip index. The Dow is down 1.1%, or 563 points. Alphabet was the worst performer in the Dow, contributing a roughly 142-point drag on the index, Dow Jones Market Data showed.

T-Mobile reports quarterly earnings beat, raises free cash flow outlook
Proactive72d agobullish
T-Mobile reports quarterly earnings beat, raises free cash flow outlook

T-Mobile US Inc (NASDAQ:TMUS, XETRA:TM5) shares fell about 5% in early trade on Thursday after the wireless carrier reported second quarter results that topped Wall Street expectations on earnings but narrowly missed revenue estimates. The company reported adjusted earnings per share of $2.99...

Railroad Stocks Rally as More Cargo Moves From Trucks to Trains
The Wall Street Journal72d agobullish
Railroad Stocks Rally as More Cargo Moves From Trucks to Trains

Shares of freight railroads Union Pacific, CSX and Norfolk Southern jumped after they reported higher revenue, as more shippers moved their cargo from truck to rail. “I’m very bullish from where we sit on demand,” said Union Pacific Executive Vice President Kenny Rogers in an earnings call. Union Pacific reported a 12% increase in second-quarter operating revenue compared to the same period a year ago, CSX reported a 10% increase and Norfolk Southern, an 11% increase.

Wall Street predicts 170% upside for MicroStrategy
TheStreet72d agoneutral
Wall Street predicts 170% upside for MicroStrategy

Michael Saylor-led Strategy (Nasdaq: MSTR), formerly MicroStrategy, has now turned back on its long history of weekly Bitcoin (BTC) accumulations. The company has sold Bitcoin twice this year for the first time after 2022: 32 Bitcoin for around $2.5 million during May 26-313,588 BTC for $216 ...

Google Details Size of SpaceX Stake
The Wall Street Journal72d agoneutral
Google Details Size of SpaceX Stake

$94.1 billion That’s how much in SpaceX shares Google parent Alphabet owns. Based on SpaceX's current market cap of $1.53 trillion, that's a roughly 6% stake. The tech conglomerate's marketable equity securities include $80 billion in SpaceX shares subject to short-term restrictions on the ability to sell and $14.

RTX raises 2026 guidance after double-digit sales growth drives Q2 results
Proactive72d agoneutral
RTX raises 2026 guidance after double-digit sales growth drives Q2 results

RTX Corp (NYSE:RTX, XETRA:5UR) shares rose about 8% in early trading Thursday after the aerospace and defense company reported better-than-expected second quarter results and raised its full-year 2026 outlook. The company reported adjusted earnings per share of $1.89 on revenue of $24.7...

Investing.com72d agoneutral
Alphabet, Reddit added to Wedbush’s Best Ideas List

Investing.com -- Wedbush analyst Ygal Arounian added both Alphabet and Reddit to the firm's Best Ideas List on Thursday, citing cloud share gains and advertising momentum as the respective investment theses for each name.

10-Year Yield Trades at Highest Level for the Year
Barrons.com72d agoneutral
10-Year Yield Trades at Highest Level for the Year

Treasuries are getting hit hard thanks to data showing economic resilience and higher oil prices. Meanwhile, jobless claims unexpectedly plunged. Higher oil prices push up yields as investors demand more coupon for a potentially higher inflation print in the future.

Earnings: Negative cash flows make Big Tech more 'economically sensitive'
Yahoo Finance Video72d agoneutralVIDEO
Earnings: Negative cash flows make Big Tech more 'economically sensitive'

US stocks (^DJI, ^IXIC, ^GSPC) are selling off on Thursday as shares of Alphabet (GOOG, GOOGL) and Tesla (TSLA) sink lower after reporting negative cash flow on top of massive AI investments. Northwestern Mutual Wealth Management Company CIO Brent Schutte and Yahoo Finance Senior Reporter Brooke DiPalma comment on these post-earnings moves by both companies' stock.