By Aditya Soni and Deborah Mary Sophia (Reuters) -The fortunes of Big Tech are diverging in a rapidly changing business landscape, as demand for artificial intelligence fuels growth in cloud and digital ads while consumer electronics take a battering from President Donald Trump’s global trade war. AI came to the rescue of earnings at Microsoft (NASDAQ:MSFT) and Google-parent Alphabet (NASDAQ:GOO ...
By Patrick Wingrove (Reuters) -Moderna on Thursday reported first-quarter profit and sales that beat Wall Street estimates, helped by the company’s cost-cutting efforts following waning post-pandemic demand for its COVID-19 vaccine. The U.S. vaccine maker also said it did not expect to get regulator approval for its combination shot to protect against both COVID-19 and influenza until 2026, afte ...
Investing.com -- Truist analysts lifted their rating on ServiceNow (NYSE:NOW) shares to Buy from Hold on Thursday as they expect the company to “continue to consolidate the enterprise IT stack,” taking advantage of AI and macro uncertainty to reinforce its positioning relative to peers.The company’s shares rose nearly 3% in premarket trading.The brokerage also lifted the price target on the ...
By Zaheer Kachwala (Reuters) -Roblox raised its annual bookings forecast on Thursday and beat quarterly results estimates, a sign that spending on its vast library of user-generated videogames was holding up despite economic uncertainty driven by U.S. tariffs. Shares of the company rose more than 4%. The platform has aggressively tried to lure deep-pocketed older players with new game genres incl ...