Keywords: Revenue forecast
U.S.-listed shares of Arm Holdings rose nearly 12% in premarket trading Wednesday after the chipmaker announced projections of billions in annual revenue from its new artificial intelligence (AI) data-center chip. Traditionally known for licensing its designs to companies such as Nvidia and Qualcomm,......
Amazon chief executive Andy Jassy said artificial intelligence could help Amazon Web Services reach 600 billion dollars in annual revenue within the next decade, significantly raising his earlier forecast, according to remarks reported by Reuters. Speaking at an internal company meeting, Jassy said......
Amazon's stock took a significant hit as concerns over its cloud computing division and a weaker-than-expected sales forecast led to a sharp decline in investor confidence. Following the release of its fourth-quarter earnings report, Amazon's shares dropped by up to 5% in after-hours trading,......
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