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Adobe's freemium AI strategy and CFO departure send stock to 8-year low despite revenue beat

Adobe reported strong Q2 earnings with revenue of $6.62 billion and raised its full-year guidance to $26.5-$26.6 billion. But the announcement was overshadowed by CFO Dan Durn's departure and a strategic pivot to freemium AI offerings that will sacrifice short-term revenue growth. The stock fell 7%, hitting its lowest point since 2018.

Business6 sources

Adobe's freemium AI strategy and CFO departure send stock to 8-year low despite revenue beat

Business6 sources

Oracle plans $70B AI infrastructure buildout as investors flee, sending stock down 12%

Oracle reported strong Q4 earnings with revenue up 21% to $19.2 billion, but investor concerns over massive AI datacenter spending sent shares tumbling 12%. The company plans to spend $70 billion on AI infrastructure in fiscal 2027 and raise $40 billion through debt and equity financing, marking one of tech's most aggressive AI buildouts.

Business10 sources

Oracle plans $70B AI infrastructure buildout as investors flee, sending stock down 12%

Business10 sources

Raspberry Pi raises profit forecast as AI demand drives sales but pushes DRAM costs higher

Raspberry Pi expects first-half earnings of at least $38 million from over 4 million unit shipments, nearly matching full-year analyst forecasts. The Cambridge-based firm's shares jumped 20% following the update, tripling its value since January. However, surging AI demand is forcing the low-cost computer maker to tap credit facilities for strategic memory purchases as DRAM costs climb.

Business3 sources

Raspberry Pi raises profit forecast as AI demand drives sales but pushes DRAM costs higher

Business3 sources

Broadcom misses revenue targets but unveils $35 billion AI infrastructure financing deal

Broadcom's stock dropped 12% after missing Q2 revenue expectations for the first time since December 2024. Yet the chipmaker revealed a strategic shift: partnering with Apollo and Blackstone on a $35 billion financing platform to fund custom AI chips for Anthropic and OpenAI. The move signals that AI infrastructure buildout now requires massive capital engineering beyond traditional semiconductor sales.

Business10 sources

Broadcom misses revenue targets but unveils $35 billion AI infrastructure financing deal

Business10 sources

Xos Inc launches Power Hub to solve AI data centers' energy crisis amid grid delays

Xos Inc has unveiled its Power Hub series, a mobile energy storage system designed to deliver megawatt-scale power to AI data centers within days instead of years. The containerized solution addresses critical grid connection delays that can stretch up to seven years, as electricity demand from AI infrastructure is projected to double by 2030.

Technology2 sources

Xos Inc launches Power Hub to solve AI data centers' energy crisis amid grid delays

Technology2 sources

Serve Robotics partners with NoScrubs to expand autonomous delivery beyond food

Serve Robotics has launched a pilot program with NoScrubs to deliver laundry orders using autonomous sidewalk robots in Los Angeles. This marks the company's first commercial delivery service outside prepared food, as it aims to expand into additional verticals including dry cleaning, retail, pharmacy, and grocery with its fleet of 2,000 robots across the United States.

Business2 sources

Serve Robotics partners with NoScrubs to expand autonomous delivery beyond food

Business2 sources

Palo Alto Networks crushes earnings as AI security concerns fuel massive customer demand surge

Palo Alto Networks delivered a strong earnings report with 31% revenue growth to $3 billion, decisively putting AI disruption fears to rest. CEO Nikesh Arora revealed the company fielded 1,200 customer meeting requests in recent weeks—matching all of last year's meetings—as advanced AI models like Anthropic's Claude Mythos heighten cybersecurity urgency across enterprises.

Business5 sources

Palo Alto Networks crushes earnings as AI security concerns fuel massive customer demand surge

Business5 sources

UiPath swings to profit on agentic AI momentum, but investors remain cautious on guidance

UiPath returned to profitability in Q1 with $418.4 million in revenue, up 17% year-over-year, driven by strong demand for agentic AI and orchestration tools. CEO Daniel Dines argues that deterministic automation remains essential alongside AI agents, citing architectural and economic advantages. Despite the progress, investors reacted negatively to modest forward guidance, sending shares down 3%.

Business2 sources

UiPath swings to profit on agentic AI momentum, but investors remain cautious on guidance

Business2 sources

Foxconn bets on AI servers as cloud spending heads toward $1 trillion milestone

Taiwan's Foxconn reports surging confidence in its AI-driven growth as cloud service providers' capital expenditure approaches $1 trillion. The world's largest electronics manufacturer is ramping up AI server production and pushing into next-generation optical technology, with shares jumping nearly 10% on optimistic forecasts from Chairman Young Liu.

Business3 sources

Foxconn bets on AI servers as cloud spending heads toward $1 trillion milestone

Business3 sources

Dell shares soar 39% as AI server demand drives fastest sales growth since 2018

Dell Technologies Inc. reported its fastest revenue growth since returning to public markets in 2018, with sales jumping 88% year-over-year to $43.84 billion. The surge was driven by explosive AI server demand, with AI server revenue reaching $16.1 billion, up 757% from a year earlier. Dell shares climbed 39% in extended trading as the company raised its full-year AI server sales outlook to $60 billion.

Business7 sources

Dell shares soar 39% as AI server demand drives fastest sales growth since 2018

Business7 sources

Netcapital acquires NetNudge AI platform to transform capital markets with AI agent technologies

Fintech company Netcapital acquired the NetNudge AI Agent Platform from Codesharp Corporation for 600,000 preferred shares valued at $1.50 each. The AI platform acquisition includes technologies for workflow intelligence, enterprise knowledge management, and AI-assisted decision support. Netcapital plans to deploy the platform internally and license it to other enterprises in private capital markets.

Startups2 sources

Netcapital acquires NetNudge AI platform to transform capital markets with AI agent technologies

Startups2 sources

Gemini Taps Grok AI to Power Personalized Prediction Markets Command Center

Crypto exchange Gemini has partnered with Elon Musk's SpaceXAI to launch Command Center, an AI-powered feature that curates personalized user feeds for its prediction markets platform. The tool uses Grok AI models to deliver real-time signals and market summaries across crypto, sports, politics, commodities, and economics, as Gemini expands beyond traditional trading.

Technology2 sources

Gemini Taps Grok AI to Power Personalized Prediction Markets Command Center

Technology2 sources

Snowflake positions itself as control plane for agentic AI at Summit 2026

At Snowflake Summit 2026, CEO Sridhar Ramaswamy unveiled a strategic shift positioning the company as the governance and orchestration layer for enterprise AI. The cloud data platform introduced CoCo and CoWork agents, Datastream for real-time data ingestion, and expanded Apache Iceberg support. Whoop demonstrated agentic AI maturity by processing 20 terabytes daily through Snowflake's platform, showcasing how AI agents can operate within governed enterprise workflows.

Technology14 sources

Snowflake positions itself as control plane for agentic AI at Summit 2026

Technology14 sources

Bitcoin Miners Abandon Crypto for AI as $70 Billion in Contracts Reshape the Industry

Bitcoin mining companies are undergoing a dramatic transformation, pivoting from cryptocurrency production to AI and high-performance computing infrastructure. Firms like Hut 8, IREN, and Core Scientific have secured over $70 billion in AI-related contracts, with some miners expected to derive 70% of revenue from AI by end of 2026. The shift comes as mining costs soar and AI demand for power capacity creates new opportunities.

Business2 sources

Bitcoin Miners Abandon Crypto for AI as $70 Billion in Contracts Reshape the Industry

Business2 sources

Salesforce CEO Marc Benioff declares AI agents will redefine enterprise software, not end it

Salesforce CEO Marc Benioff envisions a future where AI agents work alongside humans, handling customer service, lead qualification, and workflows autonomously. The company's Agentforce platform has already grown into an $800 million business, processing 28.6 trillion AI tokens last quarter. Benioff predicts that within two years, more AI agents will use Slack than people, signaling a shift from traditional SaaS to what he calls the Agentic Enterprise era.

Technology2 sources

Salesforce CEO Marc Benioff declares AI agents will redefine enterprise software, not end it

Technology2 sources

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