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Asian shares drop, with South Korea's Kospi down more than 5%
Associated Press61d agoneutral
Asian shares drop, with South Korea's Kospi down more than 5%

Shares have fallen in Asia, with South Korea’s benchmark dropping more than 5%, after sharp declines for some big artificial intelligence-related stocks in the U.S. On Wall Street on Thursday, computer chipmaker Broadcom’s shares sank 12.6% when it gave a forecast that fell short of investors’ expectations, raising concerns over the wider AI and technology sector. U.S. memory chip maker Micron Technology dropped 7.7%, and cybersecurity company CrowdStrike Holdings fell 3.8%.

CrowdStrike Shares Retreat Despite Strong ARR Growth, Higher Guidance and Stock Split (CRWD)
InvestorsHub62d agoneutral
CrowdStrike Shares Retreat Despite Strong ARR Growth, Higher Guidance and Stock Split (CRWD)

CrowdStrike (NASDAQ:CRWD) delivered better-than-expected results for the first quarter of fiscal 2027, driven by accelerating demand for AI-powered cybersecurity solutions. The company reported record growth in annual recurring revenue (ARR), strong cash generation and improved profitability, leading management to raise its outlook for the full year and approve a four-for-one stock split.

CrowdStrike (CRWD) Q1 2027 Earnings Transcript
Motley Fool62d agoneutral
CrowdStrike (CRWD) Q1 2027 Earnings Transcript

With me on the call are George R. Kurtz, chief executive officer and founder of CrowdStrike, and Burt W. Podbere, chief financial officer. For us, AI adoption is not a nice to have it is an existential imperative across every geography, and vertical.

CrowdStrike reports higher operating expenses as AI investments gain pace
Reuters62d agoneutral
CrowdStrike reports higher operating expenses as AI investments gain pace

CrowdStrike reported a 15% jump in its first-quarter operating expenses ‌on Wednesday, as the cybersecurity company ramps ‌up investments in AI and product development. Shares of the ​company fell 8% in extended trading. Here are some details: • CrowdStrike expects 2027 revenue to be between $5.91 billion and $5.96 billion, compared with its ‌prior expectations of $5.87 ⁠billion to $5.93 billion.

Broadcom Earnings, Jobs Report: What to Watch for the Rest of the Week
The Wall Street Journal63d agoneutral
Broadcom Earnings, Jobs Report: What to Watch for the Rest of the Week

Broadcom is set to be the final semiconductor giant to report earnings for the quarter, as a historic rally in chipmaker stocks shows little signs of abating. Investors will also watch Friday’s jobs report—one of the first major economic indicators that will inform the Federal Reserve under its new chairman, Kevin Warsh.

Okta Q1 Earnings Call Highlights
MarketBeat68d agoneutral
Okta Q1 Earnings Call Highlights

Okta (NASDAQ:OKTA) executives said the identity security company began fiscal 2027 with strong first-quarter momentum, citing large enterprise demand, partner engagement and contributions from newer products, while emphasizing artificial intelligence agents as a major emerging opportunity for the bu

SentinelOne provides tepid quarterly forecast, to cut 8% jobs
Reuters68d agoneutral
SentinelOne provides tepid quarterly forecast, to cut 8% jobs

Cybersecurity company SentinelOne forecast second-quarter revenue below analysts' expectations on Thursday and said it would cut ‌about 8% of its workforce as it looks to invest ‌in growth areas such as AI, data and cloud. • SentinelOne faces intense competition from larger rivals such as CrowdStrike and Palo Alto Networks, as well as from Microsoft, which is bundling security ‌features into its products. • ⁠Even as ransomware and nation-state threats boost cybersecurity demand, some corporate clients are tightening their budgets, scrutinizing ⁠deals and extending sales cycles.

Nutanix Q3 Earnings Call Highlights
MarketBeat69d agoneutral
Nutanix Q3 Earnings Call Highlights

Nutanix (NASDAQ:NTNX) reported fiscal third-quarter results above its guidance ranges, with management pointing to healthy demand for hybrid cloud, application modernization and AI-related offerings, while also warning that server hardware supply constraints and higher prices continue to affect cust

Morgan Stanley massively revamps CrowdStrike stock price target
TheStreet75d agoneutral
Morgan Stanley massively revamps CrowdStrike stock price target

There are stock calls that feel cautious and measured. And then there are the ones that make you sit up straight. Morgan Stanley just raised its CrowdStrike (CRWD) price target in a note shared with me at TheStreet on May 20. In fact, it's a $100 increase on a stock that has already moved 40% in ...