Microsoft posted better than expected third quarter results driven by sustained demand for its cloud and artificial intelligence offerings.
Azure cloud services achieved constant currency growth of 39 percent, matching the upper end of recent performance levels. The company guided for similar expansion in the fourth quarter at 39 to 40 percent.
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Nvidia Corporation reported stronger-than-expected results for its fiscal fourth quarter of 2026, with revenue rising 73% year-over-year to $68.1 billion. The company's data center segment, fueled by products like Blackwell and NVLink, now accounts for over 90% of total revenue. Asian markets climbed for a fourth straight day, boosted by Nvidia's upbeat sales forecast.
Microsoft has outlined a $190 billion capital expenditure budget for artificial intelligence in fiscal year 2026. The plan highlights ongoing heavy investments in AI amid competitive pressures in the sector. Analysts express caution over the sustainability of such spending.
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Advanced Micro Devices posted first-quarter results that topped expectations, with revenue climbing 38 percent on robust server chip sales tied to artificial intelligence.
IonQ announced Q4 revenue of $61.9 million, a 429% increase year-over-year, accounting for nearly half of its 2025 total revenue. The company also saw remaining performance obligations rise to $370 million, up from $77 million the previous year. This performance highlights growing commercial demand for its quantum computing technology.
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The New York Times delivered strong first-quarter results marked by robust subscriber growth, higher average revenue per user, and accelerating ad revenue. An analyst upgraded the stock rating to hold amid balanced prospects.
UiPath announced its fiscal fourth quarter results, achieving 13.5% revenue growth that decelerated sequentially. The company provided fiscal 2027 guidance implying about 10% top-line expansion. A new $500 million stock buyback program accompanies the earnings, though uncertainties around AI adoption persist.
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Willdan Group, Inc. posted higher revenue and improved margins in the first quarter of 2026, driven by demand for power solutions in data centers.