Core Insights - Walmart raised its full-year sales and earnings outlook following stronger-than-expected fiscal third-quarter results driven by double-digit e-commerce growth and a continued influx of customers [1] Financial Performance - The fiscal third-quarter results exceeded expectations, indicating robust performance in sales and earnings [1] - E-commerce growth was a significant contributor, showcasing a double-digit percentage increase [1] Outlook - The company has adjusted its full-year sales and earnings forecast upwards, reflecting confidence in continued growth [1]

Global technology shares rallied sharply on Thursday after Nvidia reported another blockbuster quarter, reinforcing confidence that the artificial intelligence boom remains intact despite mounting con... ...

A Spanish court has ordered Meta to pay €479 million to 87 digital media outlets and news agencies after ruling that the company gained an unlawful competitive advantage through its use of personal da... ...

CoreWeave shares jumped nearly 10% in pre-market trading on Thursday, fueled by a rally in Nvidia Corp. following the chipmaker's blockbuster third-quarter earnings report. The jump reflects growing i... ...

Core Insights - Tata Consultancy Services (TCS) is undergoing a significant strategic shift as it transitions into the capital-intensive data center business, marking one of the most consequential changes in its history [1] Company Summary - TCS is India's largest software services company, indicating its leading position in the industry [1] - The move into data centers reflects a broader trend in the technology sector towards capital-intensive operations, which may reshape TCS's business model and revenue streams [1] Industry Summary - The shift towards data centers is part of a larger industry trend where companies are investing heavily in infrastructure to support growing data demands [1] - This strategic pivot may position TCS to capitalize on increasing market opportunities in cloud computing and data management services [1]

Nvidia Corp. shares rallied after the AI-chip bellwether smashed Wall Street's third-quarter projections and signalled another record period ahead, easing fears that the sector's breakneck growth is f... ...

Nvidia just delivered the earnings beat Wall Street needed to silence skeptics about the AI spending cycle. The company posted $57 billion in quarterly revenue, blowing past its own $54 billion guidan... ...

Core Viewpoint - The Federal Reserve's October meeting minutes indicate significant disagreement among officials regarding the appropriateness of another interest rate cut in December following a recent quarter-point reduction to a range of 3.75%-4% [1] Summary by Categories Interest Rate Decisions - The Federal Reserve lowered interest rates by a quarter-point in late October, bringing the target range to 3.75%-4% [1] - There is a notable division among Federal Reserve officials about the potential for further rate cuts in December [1]

The US stock market remained steady on Wednesday as traders geared up for Nvidia's blockbuster earnings after the close. The S&P 500 is flatlining near 6,637, up just 0.3%, while the Dow is ticking up... ...

Core Insights - Elon Musk's artificial intelligence startup xAI is planning to construct a 500-megawatt data center in Saudi Arabia [1] - The project will be in collaboration with Humain, which is the state-backed AI venture of the kingdom [1] Company Developments - xAI aims to enhance its infrastructure capabilities through this significant investment in Saudi Arabia [1] - The partnership with Humain indicates a strategic move to leverage local resources and support for AI initiatives [1] Industry Implications - The establishment of a large-scale data center aligns with the growing demand for AI and data processing capabilities globally [1] - This initiative may position Saudi Arabia as a key player in the AI landscape, attracting further investments and technological advancements [1]