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Microsoft also added a series of AI tools to its Bing, Azure and other products. It also created its first “homegrown” AI “chip and cloud-computing processor,” which is being tested on Microsoft’s Bing and Office AI products.
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Nvidia brought in an incredible $18.12 billion in revenue, up 206% from a year ago. Earnings per share of $4.02 are more than 6 times the earnings from a year ago, and 49% better than the previous quarter.
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Earnings in the second quarter of fiscal 2024 (ending July 31) included revenue of $8.6 billion, an increase of 11% from a year ago. Those results were strong enough that Salesforce increased its full-year FY2024
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Adobe has a generative AI product in Adobe Firefly, which allows users to describe what an image should look like and then have Adobe create it for them.
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Earnings for the company’s fiscal first quarter of 2024 included revenue of $12.5 billion, up 8% from a year ago. Adjusted EPS was up by 14% from a year ago.
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FedEx announced rate increases of 5.9% to its FedEx Express, Ground and Home Delivery services, effective at the beginning of 2024.
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As global IT spending is projected to grow from $4.7 trillion in 2022 to $6.2 trillion in 2027, Dell is in a prime position to continue its best-in-class status as a commercial hardware and cloud services provider.