Investing.com -- Mizuho upgraded Cloudflare Inc (NYSE:NET) to “Outperform,” citing strengthening sales pipelines, rising adoption of its Workers AI product, and a favorable setup for growth reacceleration in the second half of 2025.“Our recent checks on NET were more favorable than we expected,” the analysts wrote, highlighting large-deal activity and growing momentum for AI inferen ...
By Christy Santhosh and Puyaan Singh(Reuters) -Medical device maker Abbott Laboratories (NYSE:ABT) maintained its annual profit forecast on Wednesday and said it expected the U.S. tariffs to hit earnings by a "few hundred million dollars".Shares rose 6% in morning trade, as the company also announced $500 million in new investments in manufacturing and research projects in Illinois and Texas.The ...
(Reuters) - Advanced Micro Devices (NASDAQ:AMD) expects charges of up to $800 million due to the latest curbs by the Trump administration on exports of advanced processors to China, the company said on Wednesday. Larger rival Nvidia (NASDAQ:NVDA) said on Tuesday it would take $5.5 billion in charges as the export restrictions further shackle chipmakers’ ability to service one of their largest ma ...
Investing.com - Advanced Micro Devices (NASDAQ:AMD) has warned that it expects to incur a charge of up to around $800 million due to new U.S. export controls on high-end artificial intelligence chips to China.In a filing on Wednesday, AMD said it had completed an initial assessment of the updated restrictions a day earlier, noting that the rules would apply to its MI308 chips.A spokesperson f ...