Maria Deutscher
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Chipmaker Ambiq Micro’s shares soar 60%+ after $96M IPO
Shares of chip provider Ambiq Micro Inc. jumped more than 60% in their trading debut on the New York Stock Exchange today. A few hours earlier, the company raised $96 million through its initial public offering. Ambiq originally planned to sell 3 million shares for $22 to $25 apiece, which would have added up to ...
Weeks after its last funding round, fintech startup Ramp raises $500M more
Ramp Business Corp., a provider of corporate credit cards and accounting software, today announced that it has raised $500 million in fresh funding. ICONIQ led the Series E-2 round with contributions from nearly two dozen other investors. Alphabet Inc.’s GV fund and Khosla Ventures were among the participants. Ramp’s total outside funding now stands at ...
Commvault shares jump 18%+ on strong quarterly results
Commvault Systems Inc. today reported fiscal first quarter earnings that topped analyst expectations across the board. The company’s shares jumped 18.2% on the results. Commvault logged $282 million in sales during the three months ended June 30, 26% more than a year earlier. The Zacks consensus estimate projected $268.7 million. Commvault generated about two thirds of ...
In huge cybersecurity deal, Palo Alto Networks acquires CyberArk for $25B
Updated with the announcement: Palo Alto Networks Inc. Wednesday announced it’s buying fellow cybersecurity provider CyberArk Software Ltd. The Wall Street Journal Tuesday cited sources as saying that the deal could be finalized as soon as this week, and Palo Alto followed with the announcement the next day. Palo Alto is paying $45 a share in ...
PayPal shares drop 7%+ despite better-than-expected earnings
Shares of PayPal Holdings Inc. dropped more than 7% today after it posted strong quarterly earnings, but underperformed across several closely watched metrics. The company generated $8.29 billion in revenue during the three months ended June 30. That represents a 5% improvement over last year. It’s also above the consensus estimate, which projected second quarter ...
Chinese startup Z.ai releases cost-efficient GLM-4.5 reasoning model
Chinese startup Z.ai today open-sourced GLM-4.5, a reasoning model that it claims is more cost-efficient than DeepSeek’s R1. CNBC reported that the algorithm can run on eight H20 graphics cards. The H20 is a scaled-down version of Nvidia Corp.’s H100 chip, which was its flagship artificial intelligence accelerator until last year. The U.S. government recently ...
NiCE acquires customer service AI startup Cognigy for $955M
NiCE Ltd., a publicly traded provider of contact center software, today announced plans to acquire rival Cognigy GmbH for $955 million. Shares of NiCE rose more than 4% on the news. The jump may have been driven by investor optimism about the impact of the deal on the company’s revenue growth. NiCE’s sales climbed 6% ...
Tesla signs $16.5B chip manufacturing contract with Samsung
Tesla Inc. will pay Samsung Electronics Co. at least $16.5 billion to produce chips for its vehicles. Tesla Chief Executive Elon Musk announced the deal today in a series of posts on X. He suggested that the contract’s value could grow significantly over time. “The $16.5B number is just the bare minimum,” Musk wrote in ...
Intel to spin off NEX networking business into independent company
Intel Corp. plans to spin off its NEX networking business into an independent company with help from external investors. CRM reported today that Sachin Katti, the unit’s senior vice president and general manager, announced the move to employees on Thursday. Intel confirmed the plan in a statement. The planned spinoff is part of a broader ...
Google debuts no-code Opal tool for building ‘AI mini apps’
Google LLC has introduced an artificial intelligence tool that enables users to build simple applications without writing any code. The tool, which is known as Opal, made its debut on Thursday. The launch comes a couple of weeks after Amazon Web Services Inc. introduced an IDE, or integrated development environment, called Kiro that uses AI to ...