The May results indicate cloud instances resumed solid sequential growth driven by computing processors as per KeyBanc analyst John Vinh. He noted that the growth was led mainly by Intel Corp (NASDAQ: INTC) instances, while NVIDIA Corp (NASDAQ: NVDA) and Advanced Micro Devices, Inc (NASDAQ: AMD) instances increased modestly. Ice Lake primarily drove INTC CPU instances. NVDA GPU instances grew led by the ramps of Ampere, mostly at Alibaba Group Holding Limited (NYSE: BABA). AMD CPU instances incr Read More...
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Blackberry stock slips after results top Street view
BlackBerry Ltd. shares ticked lower in the extended session Thursday after the cybersecurity and IoT company posted a slight beat to Wall Street expectations. BlackBerry (BB) shares declined 1.5% after hours, following a 0.9% rise in the regular session to close at $5.37. “The IoT business maintained its momentum of new design wins in rapidly growing core Auto domains, including Advanced Driver Assistance Systems and Digital Cockpits, and delivered a third consecutive record quarter for pre-production revenues,” said John Chen, BlackBerry chief executive and chairman, in a statement.
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