In other news, the Justice Department has asked a federal judge to order Google to sell its Chrome browser, a move that could significantly impact the search market. Meanwhile, Wiz acquired Dazz for $450 million in its ongoing effort to become a dominant cybersecurity platform. Next week, earnings reports are expected from Zoom, Dell, HP, Nutanix, Workday, CrowdStrike, Autodesk, and PagerDuty.
Key takeaways:
- Nvidia managed to outdo earnings expectations, nearly doubling its revenue from a year ago and more than doubling its profit, boosting investor confidence in its new Blackwell graphics processing unit.
- AI also boosted the fortunes of big-data giant Snowflake, whose earnings beat and new deal with Anthropic sent its stock up almost 33%.
- AI dominated two major conferences this week - Microsoft's Ignite conference and the SC24 supercomputing conference.
- Amazon announced another big, $4 billion investment in Anthropic, making Amazon Web Services its primary AI training partner.