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Cloudcomputing

All articles tagged with #cloudcomputing

business1 year ago

Pure Storage Stock Surges on Big Tech Contract and Strong Earnings

Pure Storage's stock surged over 20% after the company reported better-than-expected third-quarter earnings and announced a significant design win with a top-four hyperscale cloud provider for its DirectFlash technology. The company's adjusted earnings were 50 cents per share on sales of $831 million, surpassing analyst expectations. This hyperscaler win, which could involve tech giants like Amazon or Google, marks a major step in Pure Storage's strategy to replace traditional hard disk drives with flash storage in large-scale data centers.

via Investor's Business Daily|
#business#cloudcomputing#earnings
business1 year ago

Amazon Unveils AI Supercomputer and Custom Chips, Boosting Stock

Amazon's stock rose after announcing updates to its Trainium AI chips and plans for an AI supercomputer, challenging Nvidia's dominance in AI chips. At its re:Invent conference, Amazon Web Services revealed the Trainium2 chips and a new "Ultraserver" to connect 64 chips, aiming to build a large "Ultracluster" with AI startup Anthropic. Amazon's push into AI includes a $100 billion investment in AI-capable data centers over the next decade, positioning itself against competitors like Microsoft and Google.

via Investor's Business Daily|
#ai#amazon#business
technology1 year ago

Google Unveils Veo AI Video Generator for Wider Access

Google has announced that its AI video generator, Veo, will be available in private preview for Google Cloud customers using Vertex AI. Veo, which can create short video clips from images and prompts, is being used by companies like Quora and Mondelez International for creative content generation. Despite its capabilities, Veo faces challenges such as potential copyright issues and competition from other AI models. Google is taking a cautious approach to its rollout, emphasizing enterprise readiness and safety measures like watermarking to mitigate deepfake risks.

via TechCrunch|
#ai#cloudcomputing#google
technology1 year ago

AWS and IBM in Talks for Major Nvidia GPU Cloud Deal

AWS is negotiating a $475 million deal with IBM to supply Nvidia GPUs via the cloud, enhancing IBM's AI capabilities. This potential five-year agreement would see IBM using AWS's EC2 servers equipped with Nvidia chips for AI training. The deal underscores the growing demand for Nvidia GPUs and could expand AWS and IBM's partnership in AI. AWS's AI business is rapidly growing, with Amazon investing heavily in cloud infrastructure.

via Business Insider|
#ai#aws#cloudcomputing
business1 year ago

Super Micro's Q1 Update: Investor Reassurance Amidst Market Concerns

Super Micro Computer is set to provide a business update on its fiscal first quarter amid financial reporting controversies, including the resignation of Ernst & Young as its accounting firm and a potential DOJ investigation. The company faces possible Nasdaq delisting if compliance issues aren't resolved. Despite these challenges, analysts expect earnings to rise due to demand from cloud computing companies building data centers for AI applications. Super Micro's stock rose over 2% in recent trading.

via Investor's Business Daily|
#business#cloudcomputing#datacenters
business-and-finance2 years ago

"Microsoft Nears Surpassing Apple in Race for Top U.S. Market Valuation"

Microsoft is closing the market capitalization gap with Apple, now just $100 billion behind Apple's $2.83 trillion valuation. Microsoft's stock has outperformed Apple's over the past year, partly due to robust enterprise spending and its Azure cloud service's success, particularly in AI. Apple faces challenges with competition in China and a broader economic downturn affecting consumer spending, leading to revenue declines and stock downgrades.

via MarketWatch|
##apple#artificialintelligence
finance-and-investment2 years ago

"Analyzing the Future: Will 2024's Top Stocks Come from the Magnificent Seven or Big Tech?"

Amazon (NASDAQ: AMZN) is predicted to be the top-performing stock among the "Magnificent Seven" in 2024, outshining competitors like Microsoft, Apple, Alphabet, Nvidia, Tesla, and Meta Platforms. This forecast hinges on the growth of Amazon's cloud computing business, Amazon Web Services (AWS), which is expected to rebound and potentially match the growth rates of its main competitors. Additionally, Amazon's profit margins have been improving under CEO Andy Jassy's leadership, and the stock is currently trading at a historically attractive price-to-sales valuation. With these factors in play, Amazon is poised to outperform its peers in the stock market.

via Yahoo Finance|
##amazon#cloudcomputing