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Oracle reported 30% revenue growth for the latest quarter, beating estimates, with cloud revenue surging 62% and the company guiding to 30% to 34% growth for the next quarter.
CoreWeave raised prices for AI computing capacity, with new contracts fetching roughly $40 million in annualized revenue per megawatt, though the company continues operating at a loss.
Infosys secured a long-term software management contract with brake maker Knorr-Bremse, though revenue growth remains subdued at 2.4% year-over-year despite AI representing 8.2% of quarterly sales.
Ferguson Enterprises reported quarterly sales growth of 4.6% to $8.8 billion, but profit growth lagged as margins declined, signaling potential challenges ahead despite strong non-residential performance.
SpaceX shares closed at $152.71 on Friday, about 5% below their $160.95 first-day closing price from June 12, despite strong business fundamentals including 92% revenue growth.
Equinix sees artificial intelligence driving demand for higher-capacity data centers and interconnection services, with its interconnection business growing 9% and management projecting 9%–12% annual adjusted funds from operations per-share growth through 2029.
