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DRVN News30 articles
Intuit QuickBooks Workforce Expands into AI-Driven HCM, Shares Jump
Intuit launched QuickBooks Workforce, an AI-driven HCM tool for SMBs, expanding into hiring, onboarding, benefits, and performance management. Shares rose 4.8%.
Datadog Shares Surge on Q1 Earnings Beat and AI-Driven Revenue Outlook
Datadog shares surged 24.4% in premarket trading after Q1 revenue rose 32% to $1.006B and adjusted EPS of $0.60 beat estimates. The company raised its 2026 revenue outlook to $4.34B, citing AI-driven demand.
Fortinet Rallies 12% as AI-Driven Security Demand Powers Q1 Beat and Raised 2026 Forecast
Fortinet shares jumped 12% premarket after Q1 earnings and revenue beat estimates, with billings rising 31%. The company raised its 2026 outlook, citing strong AI-driven security demand.
AppLovin's AI-Driven Q1 Surge and Bullish Outlook Rekindle Investor Interest
AppLovin posted Q1 revenue of $1.84 billion (up 59%) and a Q2 outlook above estimates, fueled by its AI ad platform. Shares fell 1.9% premarket after initial gains.
Fortinet Surges on AI-Driven Security Demand and Upbeat Outlook
Fortinet (FTNT) shares surged up to 24% after hours following a Q1 earnings beat and raised full-year outlook, fueled by robust demand for AI-driven security solutions.
TSMC Shares Surge on AMD's AI-Driven Revenue Boost
TSMC shares rose 6.36% following AMD's 38% Q1 revenue surge, driven by AI demand. TSMC's capacity remains tight, and 2026 capex is projected at the high end of guidance.
Alaska Air $500M Debt Sale Highlights War-Driven Fuel Cost Squeeze
Alaska Air Group issued $500M in senior notes to offset soaring jet fuel costs caused by the Iran war, joining American and JetBlue in tapping debt markets.
Coherent Stock Dips Despite Strong AI-Driven Q3 Results
Coherent Corp. shares dropped 6% after hours despite beating Q3 revenue estimates at $1.81B, driven by AI infrastructure demand. Wall Street focused on weak cash flow and margin misses.
Intel's AI-Driven Surge Faces Pivotal Test as AMD's Forecast and Apple Talks Lift Chip Sector
Intel shares rose 6% premarket after AMD's bullish forecast and Apple's reported chipmaking talks. Data Center and AI revenue grew 22%, but net losses and stretched valuation raise questions.
S&P 500 and Nasdaq Close at New Peaks; AMD Surges on AI-Driven Forecast
U.S. stocks closed at all-time highs Tuesday, with AMD surging 12% after hours on a strong AI-driven revenue forecast and Intel rising 13% on Apple chipmaking news.
DigitalOcean Shares Surge 36% on Raised Revenue Forecasts Driven by AI Cloud Demand
DigitalOcean shares soared 36% after lifting its 2026 and 2027 revenue outlook, citing surging AI workload demand and larger customer deals. Q1 revenue climbed 22% to $258 million.
Duolingo's AI-Driven Strategy Faces Investor Skepticism After Stock Plunge
Duolingo shares dropped over 12% after the company forecast slower bookings and lower margins, overshadowing a Q1 beat. Investors are skeptical about AI-driven returns.
Coinbase Cuts 700 Jobs in AI-Driven Restructuring
Coinbase is cutting 700 jobs to streamline operations and embrace AI, with restructuring costs estimated at $50-$60 million.
Teradyne's AI-Driven Record Revenue Faces Second-Half Uncertainty
Teradyne posts record Q1 revenue of $1.282B, nearly doubling YoY on AI chip test demand, but management warns of weak second-half visibility and order timing risks.
Fiserv Joins x402 Foundation for AI-Driven Payments Ahead of Q1 Earnings
Fiserv has joined the x402 Foundation to develop open standards for automated internet payments, ahead of its Q1 earnings release on May 5 and investor day on May 14.
Lumen Technologies Q1 Earnings Preview: AI-Driven Strategy Faces Revenue Decline
Lumen Technologies is set to report its first-quarter earnings on May 5, with expectations of a loss as the company shifts focus to AI and enterprise fiber.
Zeta Global Stock Surges on AI-Driven Revenue Jump and Revised 2026 Outlook
Zeta Global shares climbed after Q1 revenue jumped 50% to $396.3M, beating consensus, as its Athena AI agent drove strong adoption and super-scaled customer growth.
Nokia Stock Surges to 16-Year High on AI-Driven Earnings Beat
Nokia's U.S.-listed shares rose to $13.62 after a 49% jump in AI and cloud sales boosted Q1 earnings, with comparable operating profit up 54% to €281 million.
Roblox Stock Tumbles 19% on Safety-Driven Growth Slowdown
Roblox shares plunged 19% after cutting its 2026 bookings forecast due to safety measures, despite Q1 revenue rising 39% to $1.44 billion.
Teradyne Tumbles 16% on Weak Guidance Despite Record AI-Driven Quarter
Teradyne dropped 16% after guiding Q2 sales and profit below Q1 levels, even as record AI-related revenue fueled a 87% YoY surge in the first quarter.
Bloom Energy Surges on Q1 Revenue Beat, AI-Driven Demand Lifts 2026 Forecast
Bloom Energy reports Q1 revenue of $751.1M, up 130% YoY, and net profit of $70.7M. Shares rise 13% as AI data center demand boosts 2026 guidance to $3.8B.
Seagate Surges on AI-Driven Storage Demand, Beats Q3 Estimates
Seagate shares jumped about 10% after hours on strong AI storage demand, with fiscal Q3 revenue of $3.11B and Q4 guidance of $3.45B, both above analyst expectations.
Rambus Stock Declines Despite AI-Driven Revenue Growth in Q1
Rambus shares dropped 10.8% after Q1 earnings, despite product revenue climbing 15% on AI demand. The company's cautious Q2 outlook tied to customer deals tempered investor enthusiasm.
Celestica Shares Dip Despite Strong Earnings and Raised AI-Driven Guidance
Celestica reported Q1 revenue of $4.05B, up 53% YoY, and raised its 2026 outlook to $19B, but shares slipped as the market had already priced in strong AI demand.
Nokia's AI-Driven Orders Boost Q1 Earnings, Ex-Dividend Date Approaches
Nokia's Q1 operating profit surged 54% to 281 million euros, beating forecasts, fueled by AI and cloud orders. Stock goes ex-dividend April 27.
ASML's AI-Driven Growth Faces TSMC's High-NA EUV Machine Delay
ASML shares climbed 2.3% on strong Q1 earnings and a raised 2026 outlook, but TSMC's delay in adopting the €350M+ High-NA EUV machine adds uncertainty to the AI-driven growth story.
Corning Files Shelf Registration After AI-Driven Stock Surge
Corning filed an automatic shelf registration on Friday, enabling future debt and equity offerings. The move follows a stock surge to $179.08 and precedes its April 28 earnings call.
AMD Surges Past $500 Billion Market Cap on AI-Driven CPU Demand
AMD shares jumped over 7% in premarket trading Friday, pushing its market cap past $500 billion, as Intel's strong AI CPU demand fueled optimism ahead of AMD's May 5 earnings.
Lam Research Surges on Record Earnings, AI-Driven Forecast
Lam Research shares climbed following a record March quarter, with revenue and earnings surpassing estimates. The company raised its 2026 wafer fabrication equipment forecast to $140 billion, citing strong AI-driven demand.
Social Security COLA Forecast Rises on Energy-Driven Inflation
Preliminary projections for the 2027 Social Security cost-of-living adjustment have increased to a range of 2.8% to 3.2%, following a March inflation report showing a 3.3% annual rise in the CPI-W index, largely fueled by energy costs.