Tag: demand powers
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Snowflake shares surge as AI demand powers growth, lifts outlook
Sept 3 : Snowflake’s shares surged more than 24 per cent before the bell on Thursday as investors cheered a stronger annual revenue forecast and signs that the company’s AI products are gaining traction.The cloud data platform provider lifted its fiscal 2027 product revenue forecast on Wednesday to $6.07 bill
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Dell again lifts forecasts as AI demand powers record results
Sept 1 : Dell Technologies on Tuesday boosted its annual revenue and profit forecasts for the second time this year, driven by soaring demand for its AI servers from technology companies pouring billions into data centers.Shares of the Round Rock, Texas-based company rose around 8 per cent in extended trading
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EV demand powers Europe car market in May, Chinese rivals expand share
June 23 : Demand for electrified cars continued to underpin growth in Europe’s auto market in May, offsetting a sharp decline in petrol and diesel sales and allowing Chinese brands to expand their footprint, data from the European Automobile Manufacturers’ Association (ACEA) showed on Tuesday.Total car regi
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