What happened: Shares of Alibaba (BABA) fell 3% premarket on Wednesday before paring losses to less than 1%. What’s behind the measure: The Chinese e-commerce and cloud giant on Wednesday reported a 3% rise in fourth-quarter revenue, missing analyst expectations. Alibaba’s profits were weighed down by increased spending on artificial intelligence initiatives, expanding cloud infrastructure…
Oracle Corporation’s (ORCL) latest leadership shakeup adds a new variable to an already changing investment story. Oracle named Hilary Maxson as chief financial officer, effective April 6, bringing in an experienced financial executive who served as executive vice president and group chief financial officer at Schneider Electric (SBGSY) at a time when the company is…
Nebio Group (NASDAQ: NBIS) and Core tissue (NASDAQ:CRWV) They are operating in the same space. Both provide a cloud infrastructure accelerated by a graphics processing unit (GPU) that their customers can use to design, train, and run artificial intelligence (AI)-based programs. CoreWeave is the larger of the two, with a market capitalization of $40.7 billion…
