Alibaba released its first-quarter results for the period ended March 31, missing revenue targets but showing robust expansion in artificial intelligence services. The company highlighted continued momentum in its cloud business driven by AI demand.
Revenue came in at $35.28 billion, below the $36.36 billion expected by analysts. Reported earnings per share reached $1.52, exceeding the projected $0.56 for reported EPS and $0.84 for adjusted EPS.
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Adobe posted strong second-quarter results for fiscal 2026, with revenue reaching a record $6.62 billion. The company beat estimates and increased its full-year revenue outlook amid accelerating AI-driven growth.
Nvidia posted record first-quarter revenue of 81.62 billion dollars, beating Wall Street expectations as artificial intelligence infrastructure demand surged. The results lifted shares of some bitcoin miners with data center exposure.
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Dell Technologies reported robust results that drove its stock up more than 30 percent. The company raised its fiscal 2027 revenue guidance by 27 billion dollars and nearly 5 dollars in earnings per share. Artificial intelligence server revenue jumped 757 percent year over year.
American International Group posted robust first-quarter results, with adjusted earnings per share of $2.11, surpassing estimates by $0.23. The insurer showed improved profitability and underwriting resilience amid market concerns. Shares have declined about 9% over the past year despite the positive performance.
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Doosan Group is expected to post strong growth as its key businesses align with the core supply chain of the artificial intelligence industry. Its electro-materials and power units benefit from expanding data center demand.