HIVE brings in enterprise veteran to scale BUZZ HPC’s AI cloud business
HIVE Digital Technologies appointed Mark Volk as Senior Vice President of Revenue at subsidiary BUZZ HPC to scale its AI cloud and high-performance computing business globally.
Oracle posts 30% revenue growth fueled by AI cloud demand as debts hits $125 billion
Oracle reported 30% revenue growth in its latest quarter, beating estimates, with cloud revenue surging 62%. However, the stock closed down nearly 2% on concerns about the company’s $125 billion debt load from AI infrastructure investments.
Best Buy beats quarterly estimates and hikes its outlook, but stock falls
Best Buy reported second-quarter results that beat expectations and raised its full-year outlook, though its stock fell about 7% following the announcement.
G-III’s (GIII) $1.2B Bet On Life After Calvin Klein
G-III Apparel reported net sales decline of 10% to $554.1 million following its $1.2 billion acquisition of Marc Jacobs as it exits Calvin Klein and Tommy Hilfiger licenses.
Medtronic’s (MDT) Heart Devices Are Suddenly Outgrowing The Rest Of Med-Tech
Medtronic reported first-quarter fiscal 2027 results with $9.8 billion in revenue and 13.7% organic growth, driven by strength in cardiac ablation and robotic surgery platforms.
NIO (NIO) Narrows Its Losses, But Can It Keep This Up?
NIO reported second-quarter results showing 49.4% delivery growth and an 89.4% reduction in net losses, though rising component costs pose a challenge ahead.