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Arm’s quarter shows how it’s carving a lucrative path in the crowded CPU resurgence

Arm Holdings shares fell Wednesday evening despite the chip designer reporting a better-than-expected quarter and giving an upbeat outlook for its data center CPU business. Revenue for the company’s fiscal 2026 fourth quarter ended March 31 increased 20% year-over-year to $1.49 billion, ahead of the LSEG-compiled analysts’ consensus estimate of $1.47 billion. Non-GAAP earnings per…

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Uber (UBER) 2026 Q1 earnings

Uber reported first-quarter revenue on Wednesday that missed estimates, but the ride-hailing giant issued bookings guidance for the current quarter that exceeded analysts’ expectations. The stock climbed 10% following the earnings release. Here’s how the company did versus Wall Street’s expectations, according to estimates compiled by LSEG: Earnings per share: 13 cents vs. 70 cents expected Revenue: $13.2…

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Samsung crossses $1 trillion valuation as AI frenzy drives historic rally, lifting shares over 15%

Close-up of logo for Samsung on research building in the Silicon Valley, Mountain View, California, October 28, 2018. Smith Collection/gado | Archive Photos | Getty Images Shares of Samsung Electronics surged more than 15% Wednesday, pushing the chip giant’s market capitalization past the $1 trillion mark as investors continued to pile into artificial intelligence-linked stocks….

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Brockman rebuts Musk’s take on startup’s history

OpenAI President Greg Brockman concluded his testimony on Tuesday, where he largely rebutted Elon Musk’s account of the early years of the startup and negotiations that occurred at the company. Brockman testified that he never made any commitments to Musk about the company’s corporate structure, and he never heard anyone else make them. He emphasized that…

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