All articles tagged with #tech market
Figma's recent IPO surged initially but has fallen nearly 20% as traders lock in profits, despite some analysts viewing it as a promising sign for the tech IPO market due to its strong growth and profitability.
Salesforce is making a strategic move by acquiring Informatica for $8 billion to enhance its data capabilities and better compete in the AI-driven market, despite recent stock struggles and high expectations for AI integration.
Intel's Arc Battlemage B580 GPU has been listed online with prices ranging from $246 to $260, positioning it as a new budget contender in the discrete GPU market. The B580 features the Intel Arc Xe2-HPG architecture, 12GB of GDDR6 memory, and 20 Xe Cores, marking a significant upgrade over its predecessor, the Arc A580. This release signals Intel's continued commitment to the GPU market despite previous rumors of a potential exit. ASRock has also announced custom models of the B580, and Intel plans to unveil the full lineup by December.
Rubrik, a data security software vendor, has filed to go public on the New York Stock Exchange under the ticker symbol "RBRK," following a recent thawing of the IPO market. The Silicon Valley company, which now generates most of its revenue from cloud-based software, plans to offer IPO shares to certain partners, friends, and family members through a directed share program. With a revenue of $627.9 million and a net loss of $354.2 million in the latest fiscal year, Rubrik is backed by major shareholders including Lightspeed Venture Partners and Microsoft.