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CXMT’s revenue surge, Apple’s new Macs, and strong tech earnings led the weekend news, alongside CXMT’s Pentagon lawsuit.
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Nvidia, Salesforce and CrowdStrike lead a busy tech week as AI demand, chip shortages, tariffs, Apple, SpaceX and semiconductor stocks drive markets.
Read original at benzingaApple’s eventful week featured iPhone shipment gains, iPhone 18 speculation, Mac concerns and a surprise Pikachu visit.
Read original at benzingaU.S. stock markets reversed early gains after Federal Reserve Chair Kevin Warsh delivered a hawkish Jackson Hole speech, signaling that rate cuts are unlikely in 2026 and potential rate hikes remain on the table. The speech caused the S&P 500 to fall 0.13% and the Nasdaq to drop 0.30%, with growth stocks like Nvidia particularly hard hit. The two-year Treasury yield jumped significantly and September rate hike odds increased to roughly 50%.
Read original at the-motley-foolBenzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.
Read original at benzingaSalesforce delivered a strong Q2 report with revenue of $11.34 billion (beating consensus) and raised full-year guidance. The stock rallied over 20% as investors gained confidence in the company's ability to leverage AI as a growth driver. Agentforce and Data 360 ARR reached $3.9 billion with 210% YoY growth, while major customers like Cisco, Dell, Uber, and Robinhood are expanding AI deployments with Salesforce.
Read original at zacks-investment-researchOkta reported better-than-expected Q2 fiscal 2027 earnings with revenues of $805 million (up 11% YoY) and adjusted EPS of $1.05, beating consensus estimates. The company showed strong enterprise demand with customers generating over $1 million ACV increasing 20%, and new AI-agent security products contributing 30% of quarterly bookings. Okta provided positive FY27 guidance expecting 10-11% revenue growth and raised its Zacks Rank to #2 (Buy).
Read original at zacks-investment-research