Dev Ittycheria, CEO of MongoDB Adam Jeffery | CNBC MongoDB shares cratered more than 20% after the database software maker shared weak guidance that signaled a slowdown in growth. For fiscal 2026, the company said it expects adjusted earnings to range between $2.44 to $2.62 per share and revenue of $2.24 billion to $2.28. Analysts […]
MongoDB plummets 20% as weak outlook overshadows strong quarterly results Read More »
The Alibaba office building is seen in Nanjing, Jiangsu province, China, on Aug 28, 2024. CFOTO | Future Publishing | Getty Images Alibaba shares surged after the Chinese behemoth revealed a new reasoning model it claims can rival DeepSeek’s global blockbuster R1. Hong Kong-listed shares of Alibaba ended the Thursday session up 8.39% — hitting a new
Alibaba shares soar after Chinese tech giant unveils new DeepSeek rival Read More »
“Looking back to the 1990s and early 2000s, you needed to have a reasonable level of technical competence to pull off these types of crimes,” Nicholas Court, assistant director of Interpol’s Financial Crime and Anti-Corruption Centre, told CNBC. Imaginima | E+ | Getty Images An expanding network of cybercrime marketplaces is making it easier than
Dev Ittycheria, CEO of MongoDB Adam Jeffery | CNBC MongoDB shares sank 16% in extended trading on Wednesday after the database software maker issued disappointing guidance. Here’s how the company did in comparison with LSEG consensus: Earnings per share: $1.28 adjusted vs. 66 cents expected Revenue: $548.4 million vs. $519.6 million expected Revenue increased about
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Todd McKinnon, CEO of Okta Inc., smiles during a Bloomberg Technology television interview in San Francisco on April 4, 2022. David Paul Morris | Bloomberg | Getty Images Okta shares soared 24.3% on Tuesday after the cloud-based identity management company delivered strong fourth-quarter earnings and beat estimates on guidance. The move rocketed the stock to
The Huawei booth at the Mobile World Congress in Barcelona, 2025. Arjun Kharpal | CNBC BARCELONA — Huawei is dipping its toes back into the international smartphone market, but analysts warn the lingering effects of U.S. sanctions is likely to hamper the Chinese company’s ability to compete with leaders Apple and Samsung. Over the past
A Waymo car drives along a street on March 01, 2023 in San Francisco, California. Waymo, Alphabet’s self-driving car division, announced that it has laid off over 135 employees in a second round of layoffs this year. Justin Sullivan | Getty Images Waymo on Tuesday began offering robotaxi rides in Austin, Texas, through the Uber
Waymo, Uber begin offering robotaxi rides in Austin ahead of SXSW Read More »
Nvidia’s headquarters on Feb. 26, 2025, in Santa Clara, California. Justin Sullivan | Getty Images Malaysia said it will take “necessary action” against Malaysian companies if they are found to be involved in a fraud case linked to the alleged movement of Nvidia chips from Singapore to China. That comes after Singapore Law and Home
CoreWeave CEO Michael Intrator appears on CNBC on July 17, 2024. CNBC CoreWeave, a company that provides cloud-based Nvidia graphics processing units to Meta, Microsoft and other businesses, on Monday filed to go public on the Nasdaq under the ticker symbol “CRWV.” The company had a $863.4 million net loss on $1.92 billion in revenue
AI cloud provider CoreWeave files for IPO Read More »
Nvidia CEO Jensen Huang gives a keynote address at CES 2025, an annual consumer electronics trade show, in Las Vegas, Nevada, on Jan. 6, 2025. Steve Marcus | Reuters Nvidia shares fell nearly 9% on Monday after President Donald Trump confirmed that tariffs from Canada and Mexico will go into effect on Tuesday. The chipmaker’s
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